AuRico swings to profit on higher output, prices

TSX- and NYSE-listed AuRico Gold, which owns three gold and silver mines in Mexico, reported earnings before items of $ 43-million for the quarter end June 30, after having posted a $211-million loss for the same period in 2010. Production rose...

Gammon plans name change to AuRico Gold

Gammon Gold, which closed its acquisition of rival Capital Gold last month, will ask shareholders to approve a name change to AuRico Gold, the firm announced on Monday. Investors will consider the proposal at the company's annual and special...

Gammon profit jumps

Canada's Gammon Gold earned $23,5-million in the fourth quarter, 72% higher than the $13,7-million reported a year earlier, as the company benefited from higher gold and silver prices. Net free cash flow for the quarter was $7,1-million and the...

Gammon, Timmins both raise offers for Capital Gold

Timmins Gold has increased its offer for Capital Gold and added a cash component to the bid, in an attempt to derail the other company's friendly agreement with Gammon Gold. The news comes just days before Capital Gold shareholders are scheduled...

Gammon Gold met 2010 output targets

Toronto-based Gammon Gold produced 29 384 oz of gold and 1,2-million silver ounces in the fourth quarter from its Ocampo mine in Mexico. On a gold-equivalent basis, output for the quarter was 51 199 oz at a total cash cost of $426/oz, bringing...

Gammon on track for output, cost targets this year

Toronto-based Gammon Gold's Ocampo mine performed well in the first two months of the fourth quarter, and the company is on track to meet its production and cost targets for 2010, the firm said on Tuesday. Gammon has forecast output of between...

Gammon posts Q3 profit

Toronto-based Gammon Gold posted a net profit for the third quarter, compared with a year-earlier loss, as gold prices rose and production at its Ocampo mine improved. Gammon closed a second operation, El Cubo, earlier this year. Both mines are...

Gammon reports increased production from Ocampo mine

Canada's Gammon Gold increased production to 27 018 oz of gold and 1,19-million ounces of silver in the third quarter at its Ocampo mine, in Mexico, the firm reported on Tuesday. On a gold-equivalent basis, production was 48 650 oz, which...

Gammon inks friendly deal to buy Capital Gold

TSX- and NYSE-listed Gammon Gold has agreed to buy rival Capital Gold in a deal that has the backing of the two companies' boards. Gammon and Capital both operate mines in Mexico.

Timmins Gold targets Capital Gold for merger

Vancouver-based Timmins Gold has gone public with a proposal to merge with rival Capital Gold, after the other company's board was not "receptive" to Timmins' approaches. Timmins Gold's main asset is the San Francisco mine in Mexico, for which it...

Capital Gold, Nayarit Gold agree on tie-up

Amex- and TSX-listed Capital Gold has agreed to merge with Canadian junior Nayarit Gold for shares, the firms announced on Thursday. Both companies have gold exploration assets in Mexico and Capital owns and operates the El Chanate mine in the...

Capital Gold reports increased production at Mexico mine

Amex- and TSX-listed Capital Gold produced 12 496 oz of gold in the three months ended January 31 - its fiscal second quarter – from the El Chanate mine, in Mexico. Importantly, monthly output rose from 3 429 oz in November to 5 236 oz in...