New Gold forecasts 2010 output at 330 000 oz to 360 000 oz

Vancouver-based New Gold expects production will grow to between 330 000 oz and 360 000 oz of gold this year, compared with 301 773 oz in 2009, which was already a 29% increase year-on-year. Cash costs in 2010 are forecast a $45/oz to $465/oz,...

Daily podcast – March 5, 2009

In today's podcast: Pamodzi Gold directors fly out of Johannesburg to conclude a new "sounder" funding deal for the strike-hit gold company; and Simmer & Jack Mines raises R110,5-million to complete the integration of the Tau Lekoa mine into the...

New Gold will buy Western Goldfields for cash, shares

Vancouver-based New Gold has agreed to acquire Western Goldfields, which owns the Mesquite mine, in California, the firms announced on Wednesday. The additional cashflow from Mesquite will provide funds for New Gold to develop a gold project in...

Board, management shakeup for Canadian junior

AIM-listed miner Latitude Resources yesterday announced a restructuring of Western Goldfields, a Canadian mining company, in which Latitude currently holds a 13% stake.

Canadian gold merger progresses

AIM-listed miner Latitude Resources yesterday reported that the boards of Romarco Minerals and Western Goldfields had executed a merger agreement, subject to regulatory and shareholder approval.