Lincoln Gold U.S. Corp., a subsidiary of Lincoln Mining Corp. has signed a Letter of Intent with ADGIS. Letter of Intent regarding acquisition of mining assets in the Imperial County, California. Mining assets include Cruz Oro gold mine. Payment of royalties from gold mining exploration worth U.S. $ 50,000 per year and will increase to U.S. $ 200,000 per year in the 7th year.
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Report submitted by the USGS said gold production in Mexico has doubled while the United States gold production fell by approximately 35%. The same opinion delivered by the president Timmins gold mining companies. As known Canadian mining companies do a lot of gold mining exploration activities in Mexico.
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New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008. Read More…
Chesser Resources planned gold mine development project in Turkey. In this gold mine project Chesser on gold production target with a high grade. Development of gold mining projects require substantial funding, so that the gold mine development project can be run in accordance with the company’s plans. Read More…
Bjorkdal gold mine is a gold mine has long operated by Gold-Ore Resources. Mining company has been producing gold from both underground and open-pit operation at an annual rate of close to 40,000 oz / year. In addition to producing gold, Read More…
Wesdome Gold Mine plans to improve the performance of gold production in 2009. The company hopes to achieve gold production of 90,000 ounces of gold. In August, Wesdome has produced 80,000 ounces of gold reached the gold. Read More…
Gold Fields Limited is pleased to announce that an Agreement has been executed in terms of which the royalty payable by Gold Fields’ wholly owned Australian subsidiary, St Ives Gold Mining Company Pty Ltd (St Ives) to Morgan Stanley Bank’s subsidiaries, (Royalty) has been terminated for a consideration of A$308 million. Read More…
Gold production at Turk mine, northwest of Bulawayo in Zimbabwe increased by more than 10% in May compared to the previous month, as the mine finds its feet after re-opening early this year. The mine, owned by Japanese based New Dawn, was placed on care and maintenance due to operational challenges last year. Read More…
Listed Miner Apex Mining Co., Inc. will have to generate some $12 million on its own to increase the capacity of its gold mine in eastern Mindanao, company officials said late last week.
British miner Crew Gold Corp., the parent company of Apex Mining, was hit by the economic slowdown and is having trouble sourcing funds for the upgrade of the Maco gold mine in Compostela Valley, Apex Mining President and Chief Executive Deogracias G. Contreras, Jr. told reporters. Read More…
The Ninth Circuit Court of Appeals will hear oral arguments Wednesday on whether the Canadian corporation Barrick Gold will be allowed to construct and operate an open pit gold mine on Mt. Tenabo in Nevada. The mine is planned on lands that are culturally and spiritually significant to the Western Shoshone native people. Read More…
