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Canadian miner First Uranium Corp’s fourth-quarter gold sales fell 15 percent from the prior quarter as workforce reduction at its Ezulwini mine in South Africa hurt production. First Uranium had agreed to sell the mine, which was hit by three fatal accidents in the latter half of 2011, to Australian miner Gold One International Ltd [...]
Canada’s Endeavour Silver Corp (EDR.TO) is buying two of AuRico Gold’s (AUQ.TO) silver and gold mining interests in Mexico for up to $250 million in cash and stock to expand its footprint in the country. Endeavour will pay AuRico $100 million in cash and $100 million in Endeavour common shares for the El Cubo mine [...]
Endeavour Silver Corp said its first-quarter revenue rose 39 percent on increased production and higher gold prices. The company, which owns the Guanacevi and Guanajuato mines in Mexico, said silver production rose 19 percent to 1.1 million ounces, while gold output rose 26 percent to 6,321 ounces. First quarter revenue was $49 million. Realized gold [...]
Timmins Gold Corp’s first-quarter production rose 17 percent and the company said it expects output to rise in the second quarter as well. The Mexico-focused miner’s January-March gold production rose to 21,532 ounces of gold from 18,395 ounces a year ago. It produced 11,740 ounces of silver in the first quarter. The company still expects [...]
Canadian gold miner Nevsun Resources reported higher first-quarter production from its Bisha mine in Eritrea, helped in part by higher grades in portions of its stockpile. For the quarter, the company produced 82,000 ounces of gold, up from 75,000 ounces of gold a year ago. The company also sold 83,080 ounces of gold in the [...]
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