VANCOUVER - NovaGold Resources Inc. (TSX:NG) said Wednesday it is going to focus on developing its Donlin gold project in Alaska, with plans to spinoff or sell its other major assets.The company said it will look to sell its stake in the Galore Creek project in B.C. that it is developing with Teck Resources (TSX:TCK.B) and spin off its Ambler … [Read more...]
Timmins Gold posts fiscal Q2 profit of $3.6M
November 9, 2011 by
VANCOUVER - Higher production and realized prices helped Timmins Gold Corp. (TSX:TMM) swing to a profit in its fiscal 2012 second quarter as revenues rose 44 per cent.The Vancouver-based gold producer said net earnings for the three months ended Sept. 30 were US$ 3.6 million or three cents per share. That compared with a loss of $ 803,714 or a … [Read more...]
Yukon-Nevada Gold tightens losses in Q3
November 7, 2011 by
VANCOUVER - Yukon-Nevada Gold Corp. (TSX: YNG) says third-quarter losses were tightened to US$ 18 million as its revenues grew.The Vancouver-based miner said Monday that losses per share were equal to two cents, compared to a deeper loss of $ 103.7 million, of 16 cents per share a year earlier.Revenue increased to $ 30.1 million from $ 19.5 … [Read more...]
Harmony Gold to acquire copper property
November 3, 2011 by
VANCOUVER - Harmony Gold Corp. (TSXV:H) will acquire a copper mining concession in Zambia from Montauk Mining and Minerals Ltd. under a letter of intent announced Wednesday.Under the agreement, Harmony would acquire up to 100 per cent ownership of the Kafwego-Mufumbwe property in return for 20 million common shares, US$ 1.2 million cash and … [Read more...]
Harmony Gold cancels option agreement
October 22, 2011 by
VANCOUVER - Harmony Gold Corp. (TSXV:H) says it has cancelled an option agreement to acquire a 70 per cent interest in a Mexican gold and silver project.The Vancouver-based junior gold miner said Friday that it will not buy the stake in the Purisima project owned by ECI Exploration and Mining Inc..The company did not say why it was not going ahead … [Read more...]
Simba Gold founder takes on role as CEO
October 20, 2011 by
VANCOUVER - Simba Gold Corp. (TSXV:SGD) announced the appointment Thursday of company founder Werner Ullmann as its new president and chief executive officer.Ullmann replaces Peter Miles who has resigned. No details were given.The company is also announced the appointment of Allan Armitage, a company director, as senior technical adviser. … [Read more...]
Klondike Gold seeks to control Lonestar
October 19, 2011 by
VANCOUVER - Klondike Gold Corp. (TSXV:KG) is making a bid to buy a majority stake in Lonestar Gold Inc., a privately held B.C. company with an option to acquire the Eldorado/Lonestar property in Yukon Territory. … [Read more...]
Justin Timberlake Is Neil Bogart In “Gold”
September 27, 2011 by
Justin Timberlake has signed on to both star in and produce the feature "Spinning Gold" at Boardwalk Films. The story chronicles the life of music legend Neil Bogart who founded Casablanca Records in 1974 and is credited with discovering, launching and nurturing the careers of a generation of music superstars. KISS, Parliament, Donna Summer, and … [Read more...]
Timmins Gold posts Q1 net profit of $5.7M
September 14, 2011 by
VANCOUVER - Timmins Gold (TSX:TMM) said Wednesday that revenues increased 95 per cent to $ 27 million in the first quarter as the gold producer increased net profit to $ 5.7 million.That compared with a net loss of $ 1 million in the same period last year on revenues of $ 13.8 million.Earnings per share diluted were four cents compared with a … [Read more...]
Compass Gold to buy rest of Africa Mining
August 17, 2011 by
VANCOUVER - Compass Gold Corp. (TSXV:CVB) says it plans to acquire the remaining 49 per cent of Africa Mining SARL, which has permits within a gold-producing area of Mali.Compass will exchange 30 ... Vancouver News latest RSS headlines - Big News Network.com … [Read more...]
