Sudan Hopes to Earn $2.5 Billion from 50 Tonne Gold Production
Gold – Reuters reported that Sudan hopes to produce 50 tonnes of gold this year, earning $2.5 billion, as they try to diversify revenues away from oil.
Articles Tagged "gold production"
Maya Silver & Gold Raises $7.7 Million Through Closure of Second Placement
Gold – Maya Gold & Silver Inc. (TSXV:MYA) announced that it has closed the second tranche of its non-brokered private placement through the sale of 18,808,000 units raising $4,702,000
Gold Fields Third Quarter Profit Dives 11 Percent, Faces Reorganization
Gold – Bloomberg reported that Gold Fields Ltd.'s Q3 profit fell by 11 percent, supporting the likelihood that the company is facing a reorganization
Kazakhstan’s Gold Production Rises in 2012
Gold – Reuters reported that production of gold in Kazakhstan rose during the first 10 months of 2012.
Polymetal Pushes Gold Reserves up 7 Percent
Gold – Reuters reported that Russian miner Polymetal has increased its gold reserves by 7 percent.
Gold Production to Jump 35 Percent Next Year in Ivory Coast
Gold – Bloomberg reported that gold production in the Ivory Coast is expected to climb by 35 percent next year, led by miners Randgold Resources and Newcrest Mining.
Centerra Gold Reports Quarterly Loss
Gold – Reuters reported that Centerra Gold reported a quarterly loss in the third quarter, due to rising costs and a drop in output at its Kumtor mine in Kyrgyzstan..
SilverCrest Pays Out Hedge Facility
Gold – SilverCrest (TSXV:SVL, NYSE:SVLC, AMEX:SVLC) announced that it has paid out its gold hedge facility, and is now a completely unhedged silver and gold producer.
Tirex Resources Arranges for $7.7 Million in Financing
Gold – Tirex Resources (TSXV:TXX,OTCQX:TIRXF) announced that it arranged for $7.7 million in financing to fund new discoveries as they begin gold and copper production.
Turquoise Hill Resources Gets Power Deal for Oyu Tolgoi
Gold – The Financial Post reported that Turquoise Hill Resources has received a power supply deal for its Oyu Tolgoi mine in the Gobi Desert, after months of negotiations.
