DRC's Kibali mine on track to deliver 550k oz of Gold in 2014
CEO of Randgold Resources, Mark Bristow, told that the recently opened Kibali gold mine in Democratic Republic of Congo (DRC) is making steady progress towards the production targetof 550,000 ounces of gold set for its first full year of operation.
Petropavlovsk Gold output rises 4% in H1
Petropavlovsk Plc., gold production company, reported a 4 percent increase in first-half gold production on Tuesday. The company also backed its production and total cash cost forecast for fiscal 2014, and said it sees a significant reduction in its cash costs in 2015-2019.
Luna Gold produces 14,262 Oz of Gold in Q2
Luna Gold Corp. publicized that its gold production for Q2 period ended June 30, 2014 at the Aurizona Gold Mine was 14,262 ounces at an average grade processed of 1.14 grams per tonne.
60-year-old woman held on charges of Gold smuggling
A 60-year-old woman was held on Monday by the Customs department at Sardar Vallabhbhai Patel International airport, for smuggling gold worth Rs 14.43 lakh. Mumbai-based woman was caught with 505.110 grams of gold bars that she had allegedly concealed on her body.