GOLD NEWS

New Gold reports record 2011 gold production, offers 2012 guidance

Friday , 03 Feb 2012
Vancouver-based New Gold has issued a 2012 gold guidance of 405,000 to 445,000 ounces. And, it says, it will produce in the range of 1.9 million to 2.1 million ounces of silver.

Zijin Mining forecast 2011 profit rose 20%

Friday , 03 Feb 2012
In a filing to the Hong Kong bourse, the miner reported Friday an estimated 5.8 billion yuan profit for 2011, up 20% from 2010.

NovaGold widens pot, to raise up to $382 million

Thursday , 02 Feb 2012
NovaGold goes for $333 million dollars by issuing what amounts to about a seventh the number of its current outstanding shares.

Great Basin's Burnstone gold mine removing obstacles to productivity growth

Thursday , 02 Feb 2012
Ramping up its new Burnstone gold mine to full production has defined some problems which have led to lower output than planned, but Great Basin Gold's CEO and management reckon these are being overcome.

Gold likely to consolidate in US trade

Thursday , 02 Feb 2012
The trading range of gold and silver is narrowing bringing buyers and sellers to a balanced position as traders wait for a big piece of news.

Pan African approves Barberton gold tailings project

Thursday , 02 Feb 2012
The R320 million phase one project is meant to increase the production profile at Barberton from 95,000/oz to 120,000/oz per annum over six years.

Continental Gold cuts more strong gold intercepts in Colombia

Thursday , 02 Feb 2012
Nine new drill holes help Continental Gold expand two key gold-silver systems further beyond resource limits at its Buritica project in Colombia.

Global financial crisis could push gold to $2,500/oz- Newcrest

Thursday , 02 Feb 2012
The world's third largest gold miner, says the metal could trade between $1,500/oz and $2,500/oz within five years as long as the global financial system remains in crisis mode.

Golden Star to restart Ghana gold plant; sees higher output

Wednesday , 01 Feb 2012
The oxide plant at its Bogoso/Prestea gold mine, which stopped operating in 2008 due to lack of oxide ore, is expected to generate up to 70,000 gold ounces this year.

Gold heads upward as investors remain concerned about market health

Wednesday , 01 Feb 2012
Gold fixed at $1,744.00 in London with an upward bias while silver remained steady ahead of the US open

Newmont still evaluating Hope Bay project

Wednesday , 01 Feb 2012
The miner said Tuesday it continues to explore development options and economic feasibility of its Hope Bay project in the Canadian Arctic, and has set aside care and maintenance funding for it.

Seafield heading toward 2m ounces gold at Miraflores, looks to 100k mining op

Tuesday , 31 Jan 2012
Since taking on Miraflores a couple years ago Seafield has doubled the gold count. Now it is ready to outline the project as a ~100,000 ounce per year mine.

Greenpeace storm Romanian environment ministry over gold mine

Tuesday , 31 Jan 2012
About 20 Greenpeace activists from Romania, Hungary, Germany, Austria, Italy and Slovenia descended on Romania's Environment Ministry on Tuesday in a bid to halt the approval for the proposed gold mine in Rosia Montana.

MOD awaits assays from first Sams Creek drill holes

Tuesday , 31 Jan 2012
MOD Resources detailed the active search programme it is carrying out on New Zealand's largest undeveloped gold prospect - Sams Creek - in its latest quarterly report, released yesterday.

Semafo sees higher cash cost in 2012

Tuesday , 31 Jan 2012
The gold miner has set its 2012 cash operating costs between $700 and $750 per ounce, up from an expected range between $595 and $645 per ounce.

Harmony's Evander sale game changer for Wits Gold and Pan African

Monday , 30 Jan 2012
Harmony Gold is to sell its Evander gold mining operations to a JV of Pan African Resources and Wits Gold for .$216m.

Polyus Gold's 2011 earnings up 40%

Monday , 30 Jan 2012
The miner said Monday its core earnings rose nearly 40% to more than $1 billion last year, bolstered by increased output from its Siberian and Kazakh mines, coupled with strong gold prices.

Gold steady as Greek crisis remains unresolved

Monday , 30 Jan 2012
The week starts as has the last two weeks, with reassurances that the Greek crisis will be resolved. The difference is that few are listening to the E.U. leaders; all are waiting for action

Highland Gold misses 2011 forecast; output high in 2012

Monday , 30 Jan 2012
Despite revising its 2011 gold output forecast due to difficulties accessing high-grade ore at its Mnogovershinnoye mine, Highland Gold missed the reduced output forecast for the year.

Indian companies to bid for gold, copper in Afghanistan

Monday , 30 Jan 2012
Keen to get an edge over rivals, an Indian consortium is seeking to explore for other minerals in the war-torn country, especially gold and copper.

Rallies for and against Gabriel's Rosia Montana gold mine in Romania

Sunday , 29 Jan 2012
Environmentalist demonstrators have taken to the streets in Romania against the Rosia Montana gold mine, while local tonwspeople have rallied in support.

Gold market steady to higher as economy-affecting news bleak

Friday , 27 Jan 2012
Markets steadyish so far today but global economic factors still major cause for concern and likely to cement safe haven role and drive prices higher

Crocodile Gold targets higher 2012 production

Friday , 27 Jan 2012
The company plans to capitalise on its flagship Cosmo mine in Australia, which contributes more than 70% of total output, to increase production this year.

First Uranium's Q3 gold sales down, cuts FY12 forecast

Thursday , 26 Jan 2012
First Uranium's gold sales in third quarter fell 5% to 38,548 ounces, owing to fatal accidents at its Ezulwini mine in South Africa in the latter half of 2011.

Gold jumps on broad slip of confidence

Thursday , 26 Jan 2012
Gold and silver are expected to have a stronger bias in US trade today after the Fed's announcement yesterday saw gold higher in both Asia and Europe

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