Stellar Pacific Ventures Inc.(CVE:SPX) announced the first assay results of a drilling campaign carried out on the SOLOTOMO gold discovery which is located in Guinea West Africa. The press release is quoted as saying: The first four reverse circulation holes returned large intersections of economic grades in B-1 and B-3 anomalies, including results of 2.55 g/t [...]
Reuters Africa reports that on Wednesday Gold prices edged lower, after dropping 2 percent in the previous session, as deepening fears over Ireland's fiscal health.
Reuters reports that Gold Fields (NYSE:GFI) announced that the company has won an interim court order blocking a planned strike on Tuesday by workers at its South Deep gold mine.
SEMAFO (TSE:SMF) is a gold mining and exploration company which operates three gold mines in West Africa: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea. The company’s organic growth approach and extensive exploration during this first part of 2010 could yield strong returns for shareholders.
By Kishori Krishnan Exclusive To Gold Investing News They are In Demand and they could be getting too hot to handle. Gold stocks have investors in a frenzy, and despite the gold price shining strong above the $1,000 bracket, investors appear to be lapping up gold stocks like there is no tomorrow. Why the frenzy? [...]
AngloGold Ashanti, the world’s No. 3 and Africa’s top gold producer, declared an 11 percent jump in earnings for the second quarter due to higher output, beating market forecasts. For full story, click here
Lihir Gold, the second-leading gold mining company on the Australian Stock Exchange, declared second-quarter output surged 66 percent, boosted by mines acquired in Australia and Africa. Chief Executive Officer Arthur Hood declared: I started to receive approaches several months ago. For full story, click here
South Africa’s biggest union, the National Union of Mineworkers declared that it has accepted the latest wage offers from gold and coal companies, averting a strike in the mining sector. For full story, click here
Anglo Gold Ashanti, Africa’s leading gold producer, is studying $426 million mine development in Western Australia state with venture partner Independence Group NL. For full story, click here
The ASX-listed Mintails, which has been active with surface gold-recovery activities in South Africa, on Wednesday rejected DRDGold’s offer to acquire all its South African assets, bar its interest in underground explorer West Wits Mining. For full story, click here
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