Thursday, August 27th 03:12 PM

Immediate plans for the funds, according to a True North release, are to "finalize the delivery and installation of the processing system developed for the…..Continue

Blackham Resources finds further high grade Gold at Galaxy

  • Galaxy has current Indicated and Inferred Resources of 600,000 tonnes at 2.9g/t for 51,000 ounces of contained gold.

DGCX waives trade fees for India Gold, Rupee Quanto futures contracts

  • DGCX announced a trade fees waiver on India Gold (DIG) and Rupee Quanto (DINRI) futures contracts. The waiver is extended until year end, Thursday, December 31, 2015.

Excelsior hedges Gold production

  • Excelsior Gold has also granted call options for approximately 21,200 ounces of gold throughout 2018 with an exercise price of A$1,600 per ounce.

Mwana Africa's Zimbabwe mine Gold output rises 26% in Q1 FY16

  • Mwana Africa's Freda Rebecca mine is the largest single gold mine in Zimbabwe and its output in the three months to the end of June was up from 13,443 ounces during the fourth quarter, thanks to better gold ore grades.

Sylvania Platinum posts $1.7 mn net profit for FY15

  • Net profit rose due to a 1.2% revenue increase to $48 million during the period, reflecting a 7% rise in output to 57,587 platinum group of metal ounces that beat its revised guidance of between 55,000 and 57,000 ounces for the year.

Doha Bank imports record volumes of Gold to meet growing consumer demand

  • Doha Bank has imported a record 23,818 ounces of gold in the first seven months of 2015 to keep up with sustained demand from jewellery manufacturer, jewellers, retail and high net worth (HNI) investors.

DGCX appoints Gaurang Desai as Chief Executive Officer

  • Gaurang was previously Chief Operating Officer of DGCX, before being appointed as Acting Chief Executive Officer in August 2014.

Alacer pours its millionth ounce of Gold at Copler

  • Copler's first one-million ounces were processed from 33.6-million tonnes of ore, grading at an average of 1.6 g/t and average cash costs of $401/oz.

Gold Fields back in profit as costs decline

  • Gold Fields made two consecutive quarterly losses before the most recent quarter as output fell at its South Deep mine in South Africa as the gold price also dropped. The precious metal has fallen 3.8 percent this year.
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