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PLATINUM 1455.00 $/ozChange: -6.70
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FINANCING

Allied Nevada Gold closes $150m financing

0 COMMENTS
US miner Allied Nevada Gold on Friday said it had closed a bought deal equity financing with a syndicate of underwriters for $150.5-million. Allied Nevada issued 14-million shares at a price of $10.75 apiece. The syndicate of underwriters was led...
17th May 2013
 
 
GOLD

Gold falls further in longest losing streak in four years

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Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead. Gold has lost...
17th May 2013
 
 
COPPER-MOLY-GOLD

Marengo delays FS results, looks for new power partner

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ASX- and TSX-listed Marengo Mining has been forced to consider alternate sources of power for its proposed Yandera copper/molybdenum/gold project, in Papua New Guinea, after the preferred third-party supplier decided to withdraw from the supply...
17th May 2013
 
 
GOLD

Didipio reaches commercial production

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Dual listed miner OceanaGold has declared commercial production at its Didipio mine, in the Philippines, from April 1. “We are extremely pleased to formally announce the declaration of commercial production at Didipio with an effective date of...
17th May 2013
 
 
GOLD

Apex moves ahead with project sales

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ASX-listed Apex Minerals has extended the due diligence period on its Wiluna gold mine by 60 days, reporting that the mine’s performance during April and May had improved substantially. The Wiluna project was on track to produce some 4 000 oz...
17th May 2013
 
 
GOLD

Reed's Comet sale falls through

0 COMMENTS
Gold miner Reed Resources on Friday told shareholders that the sale of its Comet Vale project would no longer be sold to fellow-listed Crest Minerals, after that company failed to secure funding. In March this year, Crest signed a purchase...
17th May 2013
 
 
LEGISLATIVE ENVIRONMENT

Ecuador pushing ahead with reforms to lure mining investors

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Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold. Ecuador does not have a large-scale mining industry, but the...
17th May 2013
 
 
FINANCING

St Augustine Gold and Copper announces $11m private placement

0 COMMENTS
Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million. The private placement saw...
17th May 2013
 
 
 
 
 
 
Gold Multimedia
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Mozambique gold project advancing – Auroch Video
Dynamics of mining industry changing – Auroch Video
AngloGold Ashanti to cut $500m costs, sell... Video
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Looming China/Africa head-on collision – Solomon Video
Mine nationalisation lost Zambia $45bn, Eunomix... Video
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Audio
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Wits Gold plans to move De Bron into... Audio
Kebble R1bn unlocked as... Audio
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Randgold's Bristow promises Kibali... Audio
Endeavour Financial already looking... Audio
Asset sales, not just buys, build a... Audio
Illegal miners death toll at Harmony... Audio