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"
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.
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.
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 – 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.
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:
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.
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:
Gold – Mining Weekly reported that Aurizon Gold has restarted operations at its Casa Berardi mine after an accident killed a contractor
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.