Yahoo! Canada Finance: Gold Industry News

Coastal Pacific Mining Signs "Letter of Intent" to Explore for Gold & Rare Earth Elements "REE's" in the Republic of Ireland

Fri, 06 Nov 2009 23:01:01 GMT

Business Wire - Coastal Pacific Mining Corp. (OTCBB:CPMCF)

Crocodile Gold Completes Registration of Mining Tenements

Fri, 06 Nov 2009 21:00:02 GMT

Marketwire - Crocodile Gold Corp. (TSX:CRK) (the "Corporation") is pleased to announce that the registration by the Northern Territory government of the mining tenements comprising the Corporation's assets in Northern Territory, Australia (the "Crocodile Gold Assets") is complete.

Capital Gold Announces a 27% Increase In Gross Proceeds for First Fiscal Quarter

Fri, 06 Nov 2009 20:46:24 GMT

CNW Group - Capital Gold (TSX: CGC; OTC Bulletin Board: CGLD) announced today that gross proceeds were approximately $11.7 million on 11,733 ounces of gold sold in the first fiscal quarter of 2010 (ended October 31, 2009) at its El Chanate mine in Sonora, Mexico.

Gold World Resources - Progress with Financing

Fri, 06 Nov 2009 20:30:13 GMT

CNW Group - Gold World Resources Inc. (GDW-TSX Venture) (the "Company") is pleased to announce further to our press release of September 4, 2009 (see website www.goldworldresources.com) the Company is progressing with an international financing of up to CDN$3,000,000 which includes so far Canada, United Kingdom and Switzerland.

Gold Wheaton signs deal for share of gold production from South African mine

Fri, 06 Nov 2009 20:14:00 GMT

The Canadian Press - VANCOUVER, B.C. - Gold Wheaton Gold Corp. (TSXV:GLW) said Friday it has signed a deal with First Uranium Corp. (TSX:FIU) to buy seven per cent of the gold production from the Ezulwini Mine in South Africa.

Wesdome Gold Mines Ltd. - Pukaskwa drilling to commence

Fri, 06 Nov 2009 19:42:27 GMT

CNW Group - Wesdome Gold Mines Ltd. ("Wesdome") is pleased to announce a drilling program will soon commence on the Pukaskwa property located 15 kilometres west of the Eagle River Mill.

Premier - Red Lake Joint Venture to benefit from major underground development project - Discovers new gold horizon

Fri, 06 Nov 2009 19:35:56 GMT

CNW Group - PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that the Rahill-Bonanza Project joint venture, a joint venture between Premier and Red Lake Gold Mines Partnership ("RLGM"), a partnership between Goldcorp Inc. and Goldcorp Canada Ltd., is in discussions with RLGM to participate in a major underground development program that Goldcorp expects to undertake at the Red Lake Gold Mines mine complex.

Avion Run-Rate for October Greater Than 7,500 Ounces of Gold

Fri, 06 Nov 2009 18:38:50 GMT

Marketwire - Avion Gold Corporation (TSX VENTURE:AVR) ("Avion" or the "Company") is pleased to announce that it produced approximately 6,278 ounces of gold during 25 days of production in the month of October (an average of 251 ounces per day).

Constitutional Court of Costa Rica Issues Initial Ruling

Fri, 06 Nov 2009 18:31:45 GMT

PRNewswire - Infinito Gold Ltd. ("Infinito Gold" or the "Company") announces that its subsidiary in Costa Rica, Industrias Infinito S.A. ("IISA"), has received notification from the Constitutional Court, or SALA IV, that the SALA IV has voted in favour of a component of the legal challenges which have halted construction on the Company's Crucitas project.

Gold price tops $1,100 for first time

Fri, 06 Nov 2009 17:19:00 GMT

AFP - LONDON (AFP) - The price of gold hit a record high above 1,100 dollars an ounce in trading here on Friday following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US currency.

Yale Samples 2.02 g/t Gold And 31.2 g/t Silver Over 18.5 M At Orofino

Fri, 06 Nov 2009 17:12:27 GMT

Business Wire - Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce results from the ongoing work program at the 100% owned Orofino Project.

Samples 52.8 G/T Gold on the North Zone of the Hazelton Property

Fri, 06 Nov 2009 16:52:41 GMT

Marketwire - TAD Capital Corp. ("TAD") is pleased to announce that the 2009 program on the north zone of the Hazelton Prospect has been completed.

World Gold Council Welcomes Sri Lankan Allocation To Gold

Fri, 06 Nov 2009 15:12:09 GMT

PRNewswire - The World Gold Council is delighted to note that the Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves.

Excel Gold Mining Announces the Appointment of Mr. Jacques Roy as Chairman of the Board and Chief Executive Officer

Fri, 06 Nov 2009 15:11:31 GMT

Marketwire - Excel Gold Mining Inc.(TSX VENTURE:EGM) is pleased to announce that the board of directors has unanimously appointed Mr.

Kalahari Resources Announces Drilling to Follow-Up on Past High-Grade Intersection of 236.57 g/t Gold Over 0.88 Meters

Fri, 06 Nov 2009 14:00:49 GMT

Marketwire - Kalahari Resources Inc. (TSX VENTURE:KLA) (the "Company") is pleased to announce it is scheduled to commence a 2000 m diamond drilling on its Lamaque Property in Val-d'Or, Quebec later this month.

Allied Gold Receives Conditional TSX Listing Approval

Fri, 06 Nov 2009 14:00:34 GMT

Marketwire - Allied Gold Limited ("Allied Gold" or the "Company") (ASX:ALD)(AIM:AGLD) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange ("TSX") for the listing of its ordinary shares on the TSX.

First Uranium enters into $50 million gold stream Transaction with Gold Wheaton Barbados Corporation

Fri, 06 Nov 2009 14:00:22 GMT

CNW Group - First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or "the Company") announced that it has entered into a definitive agreement with Gold Wheaton (Barbados) Corporation ("GW"), a wholly-owned subsidiary of Gold Wheaton Gold Corp., for GW to purchase seven percent of the estimated 5.8 million ounces of the life-of-mine gold production from the Company's Ezulwlini Mine in South Africa (the "Transaction").

Gold Wheaton Enters Into Gold Purchase Agreement With Respect to First Uranium's Ezulwini Gold and Uranium Mine

Fri, 06 Nov 2009 13:45:04 GMT

Marketwire - Gold Wheaton Gold Corp. (TSX VENTURE:GLW) ("GWC") is pleased to announce that Gold Wheaton (Barbados) Corporation ("Gold Wheaton"), a wholly-owned subsidiary of GWC, has signed a definitive agreement with First Uranium Corporation (TSX:FIU)(JSE:FUM) ("First Uranium") and its subsidiary Ezulwini Mining Company (Proprietary) Limited ("EMC").

Australian Solomons Gold's Mails Supplemental Statement / Notice of Change

Fri, 06 Nov 2009 13:30:24 GMT

Marketwire - Australian Solomons Gold Limited ("ASG" or the "Company") (TSX:SGA) announces that it has mailed to its shareholders a Supplemental Statement/Notice of Change which supplements the Target's Statement/Directors' Circular of ASG dated October 16, 2009 which was mailed to shareholders in connection with the offer by Allied Gold Limited (through its wholly-owned subsidiary AGL (ASG) Pty Ltd.) ("Allied Gold") to purchase all of the issued and outstanding ordinary shares of ASG ("ASG Shares") on the basis of 0.85 of an ordinary share of Allied Gold for each ASG Share (the "Offer").

Castle Gold Announces Terms of Private Placement

Fri, 06 Nov 2009 13:30:22 GMT

Marketwire - CASTLE GOLD CORPORATION ("Castle Gold") (TSX VENTURE:CSG) is pleased to release the terms of its private placement (previously announced on October 28th, 2009).

Alexis Gold Mill Refurbishment On Schedule and On Budget

Fri, 06 Nov 2009 13:30:19 GMT

Marketwire - ALEXIS MINERALS CORPORATION (TSX:AMC) is pleased to announce that the refurbishment of its wholly owned Aurbel Gold Mill, located just 1 kilometre from its Lac Herbin Gold Mine near Val d'Or, Quebec, is advancing on schedule and within budget.

Standard & Poor's Initiates Factual Stock Report Coverage on StrikePoint Gold Inc.

Fri, 06 Nov 2009 13:05:04 GMT

Business Wire - Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on StrikePoint Gold Inc.

Sulliden Exploration Commences Trading as Sulliden Gold Corporation

Fri, 06 Nov 2009 12:30:08 GMT

Marketwire - Sulliden Gold Corporation Ltd. ("Sulliden" or the "Company") (TSX:SUE) is pleased to announce that the Company's shareholders approved the Company's change of name to Sulliden Gold Corporation Ltd. at a meeting held September 17, 2009.

Lake Shore Gold and West Timmins Mining Complete Business Combination

Fri, 06 Nov 2009 08:30:09 GMT

Marketwire - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold") and West Timmins Mining Inc. (TSX:WTM) ("West Timmins") today jointly announced that the companies have completed the business combination originally announced August 27, 2009.

Affinity Gold Corp. Releases N.I. 43-101 Technical Report

Thu, 05 Nov 2009 22:48:10 GMT

PRNewswire - Affinity Gold Corp. (OTC Bulletin Board: AFYG) ("Affinity" or the "Company") is extremely pleased to announce it has received a Canadian Securities National Instrument 43-101 ("N.I. 43-101") Technical Report for its flagship project San Gaban - Ayapata alluvial gold property in Puno, Peru.

Lake Shore Gold Confirms Presence of Large New Gold System at Bell Creek, Extending at Depth

Thu, 05 Nov 2009 22:33:50 GMT

Marketwire - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced encouraging results from 14 new holes and 3 wedge holes (6,181 m) at the Company's 100% owned Bell Creek property.

Crocodile Gold to Commence Trading on Toronto Stock Exchange Under Symbol CRK on November 6

Thu, 05 Nov 2009 22:00:28 GMT

Marketwire - Crocodile Gold Corp. (TSX:CRK) today announces that following the completion of the business combination agreement with Franc-Or Resources Corporation ("Franc-Or") (see Crocodile Gold Press Release dated November 3, 2009) it will commence trading on Toronto Stock Exchange under the symbol "CRK".

MDN Inc./Isambara Project Update: Drill Hole Intersects an Alteration Zone 153 Metres in Thickness Grading 0.31 g/t Gold

Thu, 05 Nov 2009 21:56:07 GMT

Marketwire - - The drillings indicate the possibility of a large gold mineralization zone

Gold Summit Reports Head Assays for Sugarloaf Metallurgical Test Work: Grants Stock Options

Thu, 05 Nov 2009 21:36:18 GMT

Marketwire - Gold Summit Corporation ("GSM" or the "Company") (TSX VENTURE:GSM), has received head assays from 6, approximately 40 kg, metallurgical test samples recently collected from underground in the Tip Top adit and adjacent surface outcrops.

Yamana Gold declares quarterly dividend

Thu, 05 Nov 2009 21:15:21 GMT

PRNewswire - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its fourth quarter dividend of US$0.01 per share.

Goldcorp says outlook 'never brighter' due to higher gold prices, production

Thu, 05 Nov 2009 21:08:00 GMT

The Canadian Press - VANCOUVER, B.C. - Goldcorp Inc. (TSX:G) said selling more gold at higher prices helped boost revenues by 25 per cent in the latest quarter, as the Vancouver-based miner also increased its annual production guidance.

International Tower Hill Reaches JV Agreement on Chisna Copper-Gold Project, Alaska

Thu, 05 Nov 2009 19:16:53 GMT

Marketwire - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) is pleased to announce that it has entered into a Joint-Venture Agreement dated November 2, 2009 with Ocean Park Ventures Corp. ("OPV") on the Chisna Copper/Gold Project located in the Hartman Mining District of South Central Alaska.

United Reef Options and Stakes Claims Covering Several Gold Occurences in the Kenora Mining Division, Ontario

Thu, 05 Nov 2009 19:15:20 GMT

Marketwire - United Reef Limited (TSX VENTURE:URP) ("United Reef" or the "Company") is pleased to announce that it has entered into a definitive option agreement to acquire a 100% interest in five mining claims, consisting of 11 claim units which cover approximately 176 ha (435 acres) (the "Santa Maria Claims") in the Kenora Mining Division, northwestern Ontario.

Trueclaim Exploration Inc. Announces Non-Brokered Private Placement to Raise $1 Million for Exploration Program for Claims Recently Acquired Adjac

Thu, 05 Nov 2009 18:49:32 GMT

Marketwire - Trueclaim Exploration Inc. (the "Company") (TSX VENTURE:TRM) is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") with MineralFields group to raise $1,000,000 through the issuance of 4,000,000 flow-through units (each a "Flow-Through Unit").

Golden Predator Intersects 12.45 gpt Gold Over 4.88 m Including 28.81 gpt Gold Over 2.45 m From the AJ Vein at Antimony Mountain, YT

Thu, 05 Nov 2009 18:44:19 GMT

Marketwire - Golden Predator Royalty & Development Corp. (TSX VENTURE:GPD) (the "Company") is pleased to report assays from the first four diamond drill holes completed this summer at its Antimony Mountain Project in the Yukon Territory.

Wallbridge Mining To Expand Drill Program on Rogers Creek Copper-Gold-Molybdenum Property

Thu, 05 Nov 2009 18:09:52 GMT

PRNewswire - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) announced today that the Company will expand its drilling program on the Rogers Creek property to 2,500 metres on the basis of copper and molybdenum mineralization observed in diamond drill hole WRC-001.

Gold Summit Gains 100% Interest in Nevada Lithium Brine Exploration: Joint Venture Partner Withdraws

Thu, 05 Nov 2009 15:50:17 GMT

Marketwire - Gold Summit Corporation (TSX VENTURE:GSM) ("GSM") or the ("Company"), today received notice that Canada Lithium Corporation (TSX VENTURE:CLQ) has withdrawn from the Nevada Lithium Brine Joint Venture in order to concentrate on their Quebec Lithium pegmatite resource.

Linear Gold Corp. Announces Terms of Equity Offering

Thu, 05 Nov 2009 15:49:25 GMT

Marketwire - In connection with its previously announced public offering on November 4, 2009, Linear Gold Corp. (TSX:LRR) (the "Company") announced today that it has entered into an agency agreement with a syndicate of agents led by Cormark Securities Inc. and including Haywood Securities Inc., Jennings Capital Inc. and Toll Cross Securities Inc., to sell 9,050,000 Units at a price of C$2.10 per Unit and 520,000 flow-through Common Shares at a price of C$2.40 per share to raise gross proceeds of C$20,253,000 pursuant to a short form prospectus.

New Guinea Gold Rejects Meeting Requisition

Thu, 05 Nov 2009 15:42:07 GMT

CNW Group - Further to its press release of October 19, 2009, New Guinea Gold Corporation (TSX-V:NGG) ("the Company") announces that, based on the advice of special counsel, the Company's Board of Directors have determined that the recent demand made by dissident shareholders for the calling of a general meeting of the Company is invalid, in that the requisition notice does not satisfy the mandatory requirements of section 167 of the Business Corporations Act (British Columbia) ("Act").

Coventry Resources Intersects High-Grade Gold at Pele Mountain's Ardeen Project

Thu, 05 Nov 2009 15:10:38 GMT

Marketwire - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") today announced that Coventry Resources Ltd. ("Coventry") has reported its exploration progress at Pele's Ardeen Gold Project in Northern Ontario.

South American Gold and Copper Company Limited Announces Preliminary Results of Compania Minera Pimenton for Fiscal Year Ended September 30, 2009

Thu, 05 Nov 2009 14:34:55 GMT

CNW Group - South American Gold and Copper Company Limited (the "Company") (TSX: SAG) reported today the preliminary unaudited results of its 100% owned subsidiary, Compania Minera Pimenton ("Pimenton").

Majescor and SACG Start Drilling at the SOMINE Copper-Gold Property in Haiti

Thu, 05 Nov 2009 14:01:10 GMT

Marketwire - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) and partner SIMACT Alliance Copper Gold Inc. ("SACG") are pleased to report that drilling has commenced on the SOMINE copper-gold Property ("SOMINE Property") located in the North-East mineral district of Haiti.

Geologix Acquires Right to Purchase 100% Interest in the Tepal Gold-Copper Project, Mexico

Thu, 05 Nov 2009 14:00:39 GMT

Marketwire - Geologix Explorations Inc. (the "Company" or "Geologix") (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STU TTGART:GF6)(MUNICH:GF6) is pleased to announce it has entered into an agreement with Arian Silver Corp. ("Arian") whereby Geologix has been granted the exclusive rights to purchase Arian's 100% interest in the Tepal Gold-Copper Project in the state of Michoacan, Mexico.

Radius Acquires Yukon Gold Project

Thu, 05 Nov 2009 13:31:00 GMT

PRNewswire - Radius Gold Inc. (TSX-V: RDU) is pleased to announce that it has acquired by staking a 100% interest in 198 mineral claims known as the Snowcap property in central Yukon Territory considered prospective for epithermal gold mineralization.

Alexis Starts Bulk Sample at Lac Pelletier Gold Mine Project

Thu, 05 Nov 2009 13:30:15 GMT

Marketwire - ALEXIS MINERALS CORPORATION (TSX:AMC) is pleased to announce that its Lac Pelletier gold mine project at Rouyn-Noranda, Quebec, is now underway with the recent commencement of a bulk sample program.

Royal Gold Reports Record Revenue and Free Cash Flow for Fiscal First Quarter 2010

Thu, 05 Nov 2009 13:22:30 GMT

Business Wire - ROYAL GOLD, INC. (NASDAQ:RGLD)(TSX:RGL), a leading precious metals royalty company, today announced net income attributable to Royal Gold stockholders of $7.1 million, or $0.18 per basic share, on record royalty revenue of $26.1 million for the first quarter of fiscal 2010. This compares to net income attributable to Royal Gold stockholders for the first quarter of fiscal 2009 of $5.7 million, or $0.17 per basic share, on royalty revenue of $16.1 million.

Glen Eagle Resources Inc.: Drilling Is Scheduled to Start on Gaz Gold

Thu, 05 Nov 2009 13:03:18 GMT

Marketwire - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company"). Following last week announcement...

Oro Gold Increases Land Position North of Trinidad Property, Mexico

Thu, 05 Nov 2009 13:00:45 GMT

Marketwire - Oro Gold Resources Ltd. ("Oro Gold" or the "Company") (TSX VENTURE:OGR) reports that it has staked a 258-square-kilometre concession - La Union, in the state of Sinaloa, Mexico.

Manson Creek Resources Negotiates Acquisition of Virgin Arm Gold Project

Thu, 05 Nov 2009 13:00:42 GMT

Marketwire - Manson Creek Resources Ltd. ("Manson Creek") (TSX VENTURE:MCK) is pleased to announce the proposed acquisition of a recently discovered high-grade gold prospect located 65 kilometers from Gander, Newfoundland.

Scorpio Reports Drill Highlights of Platte River Gold's La Verde Project

Thu, 05 Nov 2009 13:00:23 GMT

CNW Group - Scorpio Mining Corporation (TSX:SPM) ("Scorpio" or the "Company") reports highlights of past drilling on the San Rafael deposit (Main, Upper, and 120 Zones), and the El Cajon deposit at the La Verde project, which is 100% owned by Platte River Gold Inc. ("Platte River").

Latin American Minerals Discovers Important New Gold Zone at Its Paso Yobai Gold Project, Paraguay

Thu, 05 Nov 2009 12:30:11 GMT

Marketwire - Latin American Minerals Inc. (the "Company" or "LAT") (TSX VENTURE:LAT) reports that it has found a new gold soil anomaly at the Paso Yobai project, Paraguay.

Caerus Resource Granted Nine Concessions in Two of Colombia's Most Prolific Gold Districts

Thu, 05 Nov 2009 09:30:18 GMT

CNW Group - Caerus Resource Corporation ("the Company")(TSX-V: CA) is pleased to report further property acquisitions in the region of two recent major gold discoveries in Colombia.

Kirkland Lake Gold Inc.: Operations Update

Thu, 05 Nov 2009 07:01:07 GMT

Marketwire - Kirkland Lake Gold Inc. (Kirkland Lake or the Company) (TSX:KGI)(AIM:KGI) reported in its news release dated September 15th, 2009 that a new paste fill hole had been drilled and is now in operation.

Vista Announces Update for Paredones Amarillos Gold Project

Thu, 05 Nov 2009 01:52:23 GMT

CNW Group - Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex: VGZ) is pleased to provide an update on activities at the Paredones Amarillos gold project in Baja California Sur, Mexico.

West Timmins Mining shareholders OK takeover deal with Lake Shore Gold

Thu, 05 Nov 2009 00:32:00 GMT

The Canadian Press - VANCOUVER, B.C. - Shareholders of West Timmins Mining Inc. (TSX:WTM) voted Wednesday to approve a takeover of the company by Lake Shore Gold Corp. (TSX:LSG).