Australia’s 2008 gold output may fall to lowest level since ’89

Australia's gold production increased by 3% to 56 tons in the September quarter, compared with the previous three-month period, although this was still the third-lowest quarterly output recorded by the country in the past 20 years, mining...

Mercator shares surge on possible offer

Shares in Aim-listed gold junior Mercator Gold rose 26,12% on Thursday, after the company said that it had received a preliminary approach, which “may or may not lead to an offer”.

New Zealand copper-gold deposits to be explored

AIM-listed group Mercator Gold last week announced it has lodged prospecting permits totaling approximately 2 800 km2 in the North Island of New Zealand over areas prospective for the discovery of large, high-grade gold-copper deposits.