Posts Tagged ‘year’

Originally the Bogoso/Prestea oxide plant in Ghana operated from 1990 to 2008, until it was sidelined due to a lack of an adequate oxide ore supply required to keep the plant afloat. After three years of being put on care and maintenance, Golden Star Resources (TSX: GSC ) (AMEX: GSS ) announced the re-commissioning of the oxide plant at Bogoso/Prestea, a move that’s expected ... Full story

Crocodile Gold (TSE:CRK) expects higher gold output this year, expecting to produce between 75,000 and 85,000 ounces of gold at a cash cost of US $1,100 to $1,300 per ounce. The company realeased its outlook on Wednesday. Full story

Aurizon Mines (TSE:ARZ) jumped more than 10% on Wednesday despite the absence of fresh news. The cash-rich Quebec miner earlier this month announced a record year for gold production and strong growth prospects. 2012 is expected to be a particularly busy year for gold M&A activity as the majors seek out new supply and most of the companies in the sector throw off cash Full story

OZ Minerals will spend nearly $100 million exploring for copper and gold in SA this year, hoping to build on the two deposits it already owns. Full story

While investment-led demand could see prices reach a record above $2,000 an ounce late this year or early next, the consultancy expects this demand to decline once macro economic conditions start to improve. Full story

Commodity markets face the “twin macro risks” of a European recession and a hard landing in China this year, according to Morgan Stanley. The recovery in the value of the U.S. Full story

Iamgold (TSE:IMG) stock was down Monday despite announcing strong fourth-quarter production results. The Toronto-based mid-tier gold miner said Q4 was its best quarter of the year for gold production, at 253,000 gold ounces compared to 222,000 ounces in the third quarter. However,  production was down 20% from the same quarter in 2010 Full story

Mutiny Gold ( ASX: MYG ) partner Cobra Mining plans to begin production at the 113,000 ounce White Well Gold Project in Western Australia this year. Full story

VICENZA,(ITALY): Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 per cent in 2011 and is set to grow a further 10 to 15 per cent this year with bullion prices falling back after recent gains, the head of Gitanjali... Full story

Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) on Wednesday announced it is going ahead with its Gibraltar capital program and is planning to spend $134 million to complete the project by the end of this year. The investment will increase Taseko’s share of copper production capacity to 140 million pounds per year Full story