Reuters reported that Newmont Mining Corp. (NYSE:NEM) intends to cut as many as 600 jobs at its Ghana-based gold mine by this June. Its reasons for doing so include an "ageing facility and slumping gold prices."
Articles Tagged "ghana"
Bloomberg reported that gold production from Ghana has seen a major drop in the third quarter.
Gold on Thursday was lower than it started the week, as bullion investors eye next week's Fed meeting with some trepidation.
China, Australia and the United States were the top bullion producers in 2012.
Perseus Mining Limited (TSX:PRU, ASX:PRU) announced gold production from its Edikan Gold Mine in Ghana for the first half of 2013.
A Russian gold company the size of Goldcorp could be formed now that Russian billionaire Mikhail Prokhorov has sold a stake in the country's biggest gold miner.
Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
Azumah Resources Limited (ASX:AZM,TSX:AZR) has filed a National Instrument 43 -101 for the Wa Gold Project in Ghana. The Proven and Probable Mineral Reserve estimates are 430,000 ounces.
PMI Gold Corporation (TSXV:PMV) reported positive results from the independent NI 43-101 Feasibility Study conducted on its flagship Obotan Gold Project in Ghana, through its wholly-owned subsidiary Adansi Gold Company Ghana Limited.
Pelangio Exploration (TSXV:PX) announced the discovery of a new gold mineralization at its Manfo property in Ghana. The discovery is the result of nine drill holes totaling 1,891 meters on the property.