Canada’s Agnico-Eagle Mines declared that its second-quarter profit slipped 86 percent as non-cash currency translation and stock option expense losses offset higher gold production. For full story, click here
Converge Global, Inc. announced further details on the Eagle Nest Mining Property located in La Paz County, Arizona. Converge Global, Inc. recently acquired an Option from Sparrowtech Resources, Inc. to purchase a 45% Earned in Interest in the Property. For full story, click here
Mineral exploration company Kinbauri Gold Corp. declared that it has entered into a definitive agreement with Glen Eagle Resources Inc. related to an investment deal, after it rejected a takeover offer from Orvana Minerals Corp. earlier this week. For full story, click here
Agnico-Eagle Mines announced that it will boost gold output at its current projects to as much as 1.6 million ounces by the middle of the next decade, and it hopes to acquire two new projects over the next two or three years. For full story, click here
Eagle Plains Resources Ltd. declared to have received final results from a 20-hole 1,670m drill program completed during 2008 on the Iron Range project, located in the Goat River area 15km NE of Creston, B.C. For full story, click here
Gold mining is getting too much attention these days because of the surging prices and soaring demand. The latest exploration adventure is from Eagle Plains Resources and Prize Mining. For full story, click here
Golden Eagle International, Inc. reported that Jerritt Canyon mine has completed a series of environmental-compliance requirements and that the Nevada Division of Environmental Protection has made a determination authorizing the restart of the mine’s milling operations. For full story, click here
Agnico-Eagle Mines announced that it has invested $2.15 million to acquire one million units of Nevada-based precious metals explorer AuEx Ventures, its partner in the West Pequop joint venture that includes the West Pequop property in northeastern Nevada. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News A slight drop in prices is a good time to shore up. Last Friday, gold futures surged above $1,000, the highest level since last March. This week though, gold slipped back. But worries about long-term inflation caused by the massive U.S. stimulus package may push it up [...]
Agnico-Eagle Mines Ltd. led bullion producers higher as gold traded close to a five-week high. For full story, click here
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