Yukon-Nevada inks $20m gold forward-sales deal with Deutsche Bank

Yukon-Nevada Gold Corp on Wednesday said it agreed to sell future gold production forward to Deutsche Bank to fund operations and expansion at its Jerritt Canyon mine in Nevada. Under the agreement, Toronto- and Frankfurt-listed Yukon-Nevada is...

Yukon-Nevada restarts gold production at Jerritt Canyon

Canada's Yukon-Nevada Gold Corp said it restarted gold production at its Jerritt Canyon mill in Nevada, United States. Yukon-Nevada, which also owns gold, silver, zinc and copper assets in Canada's Yukon territory and British Columbia, said it...

Yukon-Nevada rethinks Ketza project IPO

Yukon-Nevada Gold, which owns projects in northern Nevada and Canada's Yukon, aims to produce at a rate of 150 000 oz/y from November, CEO Robert Baldock said on Wednesday. The TSX-listed company is well advanced in its programme to refurbish and...

Great Basin Gold in fourfold widening of its quarterly losses

Toronto and Johannesburg-listed Great Basin Gold on Thursday reported a fourfold widening of its losses in the March quarter. President and CEO Ferdi Dippenaar said that the company had incurred a loss of four Canadian cents a share compared to...

AngloGold reports solid earnings

AngloGold, which won a takeover battle this week for Ghana's Ashanti Goldfields, posted an expected dip in third-quarter profits at the weekend on a weak dollar and higher labour costs.

AngloGold may retain Queenstake stock

South African gold producer AngloGold said yesterday it could hold 10% of the outstanding stock of Queenstake Resources once it completes the sale of its Jerritt Canyon interests to the firm.

New owner for Nevada mine

Johannesburg-listed AngloGold said yesterday it had entered into an agreement to sell its 70% interest in the Jerritt Canyon gold mine to Queenstake Resources.

Gold exploration shows promise

Leading gold-miner AngloGold says that its global greenfields and brownfields exploration programme produced encouraging results during the three months to the end of March.