Monday, May 25th 05:14 PM

St Andrew Goldfields saddened to advise of a fatal incident that occurred May 23, 2015, at its Holt Mine, located 125 km east of Timmins, Ontario. A Company employee,…..Continue

Barrick Gold to sell Cowal mine to Evolution for $550 million

  • Barrick Gold Corporation has reached an agreement to sell 100% of the Cowal mine in New South Wales, Australia to Evolution Mining for US$550 million in cash on closing.

Gem Diamonds earns $77.1 mn from sales at an avg price of $2,146/ct

  • The company recovered a 314 carat Type IIa white diamond during the Period and was sold into a partnership arrangement in May 2015. Another three high-quality diamonds weighing more than 100 carats each were also recovered at Letseng during the year.

Nordgold Q1 revenue rises 29% Y/Y

  • Net profit for Q1 2015 was $88.5 million compared with $24.6 million in Q1 2014 and a net loss of $7.6 million in Q4 2014

SilverCrest Gold, Silver sales surge in Q1

  • The company sold a total of 413,250 ounces of Silver during the first quarter, advanced 108% from 198,800 ounces in the same period in 2014.

SEMAFO Gold sales rise 92% y/y in Q1 2015

  • SEMAFO, a Canadian-based mining company, has reported its Gold sales up by 92% y/y for the three-month period ended March 31, 2015

Silver Standard posts Q1 profit on strong Gold, Silver production

  • Vancouver-based miner Silver Standard Resources has posted a net profit during the first quarter mainly on its gold and silver production rises strongly

Centamin's core profit rises 55% Y/Y in Q1

  • The company's gold production during the quarter ended 31 March 2015 totalled 108,233 ounces, advanced 46% compared to the production of 74,241 ounces in Q1 2014 and fell 16% from 128,115 ounces in Q4 2014.

First Mining to buy Canadian miner Coastal Gold

  • First Mining Finance Corp. on Tuesday announces that it has entered into a definitive arrangement agreement with Coastal Gold Corp. (COD) under which First Mining will acquire all of the outstanding common shares of COD

Russia's Polyus Gold inks co-operation deal with China National Gold

  • The agreement was signed in the presence of the Russian President, Vladimir Putin, and the President of the People's Republic of China, Xi Jinping, as part of President Jinping's visit to Russia.
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