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Treasury Metals restarts Goliath drilling programme

By: Leandi Kolver     Updated 4 hours ago TSX-listed Treasury Metals on Thursday said drilling at its flagship Goliath gold project, in northwestern Ontario, had restarted. The company stated that the initial 5 000 m drilling programme would comprise definition drilling of the main resource area, exploration of the new shallow high-grade... 

Gold industry not indefinitely sustainable at current gold price, says Holland

By: Natalie Greve     Updated 4 hours ago Dual-listed Gold Fields is bracing itself for another year of softened gold prices, but CEO Nick Holland believes the bullion producer is well-positioned – from a debt level and production cost perspective – to weather the anticipated pricing environment. This local gold industry was not,... 

Gold industry not indefinitely sustainable at current gold price, says Holland
Photo by Duane Daws
South Deep

Bushveld starts PFS on vanadium play

By: Natasha Odendaal     Updated 5 hours ago Aim-quoted Bushveld Minerals on Thursday said it had started a prefeasibility study (PFS) for its vanadium project, in Limpopo. The PFS was expected to be completed during the first half of 2015, with work on parts of the definitive feasibility study set to be undertaken while the PFS was under way. 

Seabridge to release new Deep Kerr resource estimate during Q1 2015

By: Leandi Kolver     Updated 5 hours ago British Columbia-focused project developer Seabridge Gold expected to release a new resource estimate for its Deep Kerr deposit, in Northwestern British Columbia, Canada, during the first quarter of next year. The company on Thursday noted it was confident that the results from the project’s 2014... 

Vanguard appoints new board member and CFO

By: Creamer Media Reporter      Updated 5 hours ago Nevada-based Vanguard Mining has appointed Madhava Rao Mankal new member of the board of directors and CFO to replace Hai Le, who resigned from this position on November 5. Vanguard Mining president Jalani Haniffa said: "We are delighted to welcome Rao to our board of directors and management... 

Titanium exercises Paragon share call option

By: Leandi Kolver     Updated 5 hours ago Diamond development and production company Paragon Diamonds on Thursday announced that Titanium Capital Investments has exercised its call option to buy 60-million ordinary shares in Paragon from Aim-listed Obtala Resources at 3.25p a share. Paragon chairperson Philip Falzon Sant Manduca said the... 

Dominion Diamond chairperson, CEO takes medical leave

By: Creamer Media Reporter      Updated 6 hours ago TSX- and NYSE-listed diamond miner Dominion Diamond Corporation’s chairperson and CEO, Robert Gannicott, has been granted a medical leave of absence to undergo important treatment, which is expected to continue until mid-February next year. Dominion Diamond has interests in two major producing... 

SouthGobi seeks funding to pay delayed $8.1m interest to China Investment Corporation

By: Creamer Media Reporter      Updated 6 hours ago TSX- and HKSE-listed SouthGobi Resources is delaying payment to the China Investment Corporation (CIC) of about $8.1-million in cash – the November 2014 instalment of cash interest due on the secured convertible debenture it entered into with a wholly owned subsidiary of the CIC. As of Thursday,... 

SouthGobi seeks funding to pay delayed $8.1m interest to China Investment Corporation
Ovoot Tolgoi


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R/€ = 13.74Change: 0.09
R/$ = 10.96Change: 0.07
Au 1190.33 $/ozChange: 9.79
Pt 1205.50 $/ozChange: 16.00