AuRico 2012 guidance in line with forecasts - UBS

Canada’s AuRico Gold, said on Tuesday production would about double in 2012 to between 540 000 and 600 000 gold equivalent ounces, mainly thanks to its C$1.46-billion October acquisition of Northgate Minerals. The company produced 273 367 gold...

AuRico reports higher output, lowers cost forecast

AuRico Gold increased second-quarter quarter gold production at its Ocampo mine by 19% compared with the first three months of the year, and has lowered its full-year cost forecast after the operation had a better than expected start to the year....

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...

Capital Gold backs new Gammon offer, to adjourn Friday meeting

Capital Gold, the subject of rival offers from friendly suitor Gammon Gold and hostile bidder Timmins Gold, said on Thursday its board of directors still views the proposed tie-up with Gammon as the better transaction. Timmins and Gammon both...

Gammon, Timmins still wrestling over Capital Gold

Two top proxy research and advisory firms, ISS Proxy Advisory Services and Glass Lewis & Co, have both recommended that shareholders in Capital Gold approve a merger with Canada's Gammon Gold, the firm said on Monday. However, rival bidder...

Timmins Gold takes offer to Capital shareholders after latest rejection

Vancouver-based Timmins Gold will take its offer to buy fellow Canadian Capital Gold directly to the other firm's shareholders, after Capital Gold's board of directors once again rejected a proposal from Timmins. The company said it has the...

Timmins appeals to Capital Gold in 'final request' for merger

Vancouver-based Timmins Gold has made what it says is a final appeal for rival Capital Gold Corp to consider a proposed merger between the two companies. Timmins argues that its proposal represents a superior transaction to a rival deal entered...

Timmins still targeting Capital Gold for merger

Vancouver-based Timmins Gold said this week it has increased support from shareholders of rival Capital Gold Corp (CGC) for a deal to merge the two companies, despite CGC having agreed to an offer from another buyer. Timmins announced on...

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...