Timmins Gold Corp. announce that it has acquired, by staking, a 40,000 hectare land package in the Penasquito area of Mexico. The claims are contiguous to Goldcorp’s Penasquito Gold Deposit and are approximately 20 km to the northwest of the Camino Rojo project of Canplats Resources. As of June 2007, Goldcorp reported proven and probable [...]
San Anton Resource Corporation announced today that it is progressing with its study work on the Cerro de Gallo Project in Mexico which will result in the completion of a more detailed pre-feasibility study rather than a scoping study The study work for the Cerro de Gallo project has been proceeding well over the past [...]
Eastmain Resources Inc. announces an update on 2008 drilling at its wholly-owned Eau Claire Gold Deposit located in James Bay, Northern Quebec. Current drilling has intersected visible gold within 50 quartz-tourmaline veins in 23 of 29 drill holes (ER08-113 to ER08-141). These holes have intersected the main group of veins below the 2007 drilling. A [...]
PC Gold Inc. report that the first of three drills has begun drilling at the Pickle Crow Gold Mine Property in northwestern Ontario, Canada. This first drill is a shallow rig capable of drilling to 300 metres vertically from surface. A second drill rated to 1,200 metres, and a third drill rated to 2,200 metres, [...]
Claude Resources Inc. announced that the dewatering of the shaft at the Madsen mine at Red Lake, Ontario passed the 11th Level on July 14, 2008.
The dewatering process remains on track to enable Claude Resources to commence underground drilling from the 12th Level, as previously announced, in the 4th Quarter 2008.
Concurrently, the certification received on [...]
Guyana Gold Corp. is pleased to report that it has received a joint venture proposal to develop the Port Kaituma Gold Project. The proposal would expand the company’s land position and increase the scale of the Port Kaituma project. Guyana Gold Corp. had received a number of joint processing proposals and has now expanded those [...]
Shares of gold-mining companies gained Tuesday after an analyst said the precious metal appeared set for benefit from tight supply and growing demand.
Goldman Sachs analyst Oscar Cabrera said in a client note that “policy-driven investment constraints and geopolitical concerns impeding the free flow of capital across the commodity complex together with strong demand from (Brazil, [...]
Shares of gold mining companies rose Thursday as the broader stock market gained and the price of the precious metal increased.
Gold for June delivery rose $10.90 to settle at $882.10 an ounce on the New York Mercantile Exchange.
Here is how some gold miners are trading:
Goldcorp Inc. rose $2.51, or 6.7 percent, to $39.89.
Gold Fields Ltd. [...]
Paramount Gold and Silver Corp. is pleased to announce that it has signed a Letter of Intent to enter into a strategic alliance with Mexoro Minerals Ltd. The strategic alliance contemplates both companies combining their mining and exploration expertise including resources such as management, personnel, exploration equipment and mining concessions to maximize shareholder value [...]
GOLDCORP INC. is pleased to declare its fourth monthly dividend payment for 2008 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 17, 2008 will be entitled to receive payment of this dividend on Friday, April 25, 2008. Goldcorp has paid a monthly dividend to its shareholders since 2003.
Canadian [...]
