High Water Levels Suspends Milling at Brigus Gold Corp’s Black Fox Mill
Gold – Brigus Gold Corp. (NYSE:BRD,TSX BRD) announced that they have temporarily suspended milling operations at the Black Fox Mill, due to high water levels in the facilities.
Articles Tagged "gold mining"
The Real Reason Gold Fell—and Why It Has Already Stabilized: Lawrence Roulston
Gold – Things are upside down in the gold market. Valuations are irrationally low, while global consumerism fuels demand and supply comes up short. Lawrence Roulston, editor and publisher of Resource Opportunities, advises people to trust their guts as well as the numbers when weeding through prospective investments. In this interview with The Gold Report, he skirts around conspiracy theories regarding the recent gold sell-off and keeps his advice simple: lower expectations, get rid of poorly performing investments and load up on the companies going cheap. If you push against the trend, you might come out with your feet on the ground.
Major South African Miners Focus on Agressive Capex, Cost Cuts
Gold – Mineweb reported that South African gold miners are feeling the crunch of operating in a cost-prohibitive environment, as gold prices sag. They are taking aggressive cost-cutting measures across the board.
Timmins Gold Intersects 72m of 1.6 gpt Gold and 15m of 4.2 gpt Gold
Gold – Timmins Gold (TSX:TMM) reported results from the ongoing drill program at the San Francisco mine located in Sonora, Mexico. To date, a total of 28,170 meters over 125 holes have been drilled around the San Francisco pit.
Gold Miners Faced with Tough Decisions After Price Drop
Gold – The Financial Post reported that the recent slide in gold prices could mean serious trouble for many global miners, who may be forced to take dramatic action in the face of such a price drop.
Illegal Strikes Force Gold Fields Mine Closures in Ghana
Gold – Bloomberg reported that Gold Fields has been forced to shut down operations in Ghana in response to illegal strikes. As quoted in the market report:
Rambler Posts Maiden Profit of $2 Million from Ming Mine Production
Gold – Mining Weekly reported that Rambler Metals and Mining on Wednesday posted a maiden quarterly profit of $2 million in its first full quarter of production at the Ming mine in Baie Verte.
Centamin Mining’s Appeals for Sukari Mine May Extend into Next Year
Gold – Mining Weekly reported that Centamin Mining has warned that an Egyptian legal dispute surrounding their operational rights for their Sukari mine may very well drag on into next year. As quoted in the market report:
Aurizon Gold Restarts Operations at Casa Berardi in Wake of Fatal Accident
Gold – Mining Weekly reported that Aurizon Gold has restarted operations at its Casa Berardi mine after an accident killed a contractor
Iamgold’s Westwood Processing Plants Opens
Gold – Mining Weekly reported that the gold processing plant Iamgold's Westwood mine has kicked into production, and expects to about 140 000 oz of gold to be processed through the end of 2013.
