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Gold
 
PROJECT FINANCING

Osisko Gold Royalties buys into NioGold for C$4.9m

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The TSX-V-listed stock of junior exploration firm NioGold Mining on Friday soared by as much as two thirds after announcing a C$4.9-million private-placement financing with Osisko Gold Royalties. Vancouver-based NioGold said that Osisko would buy...
25th July 2014
 
 
COMPANY REORGANISATION

Veris Gold granted provisional relief in the US

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Gold producer Veris Gold was this week granted provisional relief under Section 1519 of the US Bankruptcy Code in the United States. As of as of Wednesday, the ruling recognised the Canadian proceeding of the Companies' Creditors Arrangement Act...
25th July 2014
 
 
SILVER

Fortune Minerals reports attractive metrics for Colorado silver mine

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TSX-listed Fortune Minerals this week reported attractive financial indicators resulting from a preliminary economic assessment (PEA) undertaken on its recently acquired Revenue Silver mine, in south-west Colorado. The London, Ontario-based...
25th July 2014
 
 
TRADING UPDATE

Mali, Ghana mines weigh on AngloGold Q2 results

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Gold producer AngloGold Ashanti’s closure of its Yatela mine, in Mali, and the ongoing restructuring at its Obuasi mine, in Ghana, would likely drag down earnings for the second quarter. AngloGold embarked on the implementation of a range of...
25th July 2014
 
 
GOLD

DRDGold to sell ERPM rights for R220m

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Gold miner DRDGold on Friday announced that its 74%-owned subsidiary Ergo Mining Operations would sell the underground mining and prospecting rights held by East Rand Proprietary Mines (ERPM), as well as certain other assets on relating mining...
25th July 2014
 
 
GOLD

Rand Refinery secures R1.2bn back-up loan from gold companies

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Rand Refinery has secured a “precautionary” R1.2-billion irrevocable, subordinated loan facility from its shareholders. The gold refiner on Friday revealed that this had followed implementation difficulties after it, last year, adopted a new...
25th July 2014
 
 
GOLD

Sibanye expects higher H1 EPS

0 COMMENTS
Gold miner Sibanye Gold on Friday said its earnings per share (EPS) for the six months ended June 30, were expected to be between 65c and 75c, while headline earnings per share (HEPS) was expected to be between 75c and 85c, based on an estimated...
25th July 2014
 
 
GOLD

ABG reports net profit for H1 on back of increased production, reduced costs

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Bulyanhulu mine London-listed gold producer African Barrick Gold (ABG) reported a net profit of $41-million for the six months ended June 30, driven by increased production and continued cost discipline. ABG CEO Brad Gordon pointed out that the company had now...
25th July 2014
 
 
 
 
 
 
Gold Multimedia
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25 000 ex-mineworkers come forward to claim... Video
Debt-free Pan African thumbing nose at low gold... Video
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Audio
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