Global investment in gold a boost for African mining

The growing number of investors looking to gold as a means to preserve their capital during the current global economic crisis has contributed to the development of large-scale mining operations in Africa.

B2Gold to buy Auryx for C$160m in cash and shares

Canada’s B2Gold has agreed to buy rival Auryx Gold, which owns a deposit in Namibia, for C$160-million in shares and cash, the companies said on Tuesday. The C$0.88 a share purchase price offered Toronto-listed Auryx shareholders a 74% premium...

New mineralisation zones identified at Namibia gold prospect

Canadian growth focused resources company Auryx Gold has discovered two new zones of mineralisation at its Otjikoto gold project, located 300 km north of Namibia’s capital city, Windhoek, and the assay results from 17 reverse circulation (RC)...

Otjikoto’s drill programme expanded

Canadian resource company Auryx Gold reports that it will expand its Otjikoto gold deposit drill programme, near Otavi in Namibia, for its initial 12 month plan from July 2010 to June 2011, from 25 000 m to 42 000 m.

Auryx expands mineralisation at Namibia gold project

TSX and NSX-listed Auryx Gold has confirmed the discovery of a “significant” new zone of mineralisation at its Otjikoto gold project in Namibia, the company said on Thursday. Assay results from eight diamond drill holes drilled to the east of...

Bannerman joins Namibian peers in the red

Monday was Bannerman’s turn to suffer the nationalisation jitters that have hit mining companies with exposure to Namibia over the past week. The TSX-listed uranium junior slipped nearly 9% to trade at $0,32 a share by midday.

Auryx to accelerate Namibia project after July listing on TSX

The Namibia-focused exploration and development company Auryx Gold, which will list on the TSX at the beginning of July, brings together an interesting mix of people. The chairperson of the new company is Bongani Mtshisi, who is BSC Resources...