Inter-Citic Minerals Inc. (TSE:ICI) (OTCQX:ICMTF) Monday announced that it has agreed to be acquired by Western Mining Co. (SHA:601168), in a deal worth about C$250 million. Shares of Inter-Citic were up 2.11 per cent to $1.45 in pre-market trading. 

China-focused Inter-Citic Minerals Inc. (TSE:ICI) Tuesday unveiled an updated NI 43-101 compliant mineral resource estimate for the company's flagship Dachang Gold Project, one of the largest undeveloped gold projects in China.

The directors of Inter-Citic Minerals (TSX:ICI), Feronia (TSX-V:FRN) and Argex Mining (TSX-V:RGX) will be presenting Tuesda December 6 at the Ivey ING Direct Leadership Centre ,130 King Street West, Toronto.

A 2009 Scoping Study did not contemplate a current spot price of US$1,500 per ounce or the Company adding an additional almost 1,000,000 oz Au to the estimated resource inventory

The new DFS for Aureus's New Liberty gold mine in Liberia has increased the net present value of the asset, and points to lower operating costs and improved proven plus probable reserves.

Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana. 

Sunridge Gold Corp. (CVE:SGC)(OTCQX:SGCNF) has done exactly what it set out to do last year in releasing a feasibility study for its Asmara project in Eritrea that minimizes the capital exposure in a challenging time for Canadian juniors, with the company now having a plan to start initial production almost one year earlier than the preliminary report. 

Jennings Capital analyst Dan Hrushewsky has highlighted what he called Asanko Gold's (TSE:AKG) "good project economics" at the Esaase gold project in Ghana, saying the company ranks first of all Canadian gold companies on its radar in terms of cash as a percentage of market cap. 

Gold, silver and antimony miner Mandalay Resources (TSE:MND) has issued a strong message of intent with a promise to pay 6% of net future revenues in dividends. Mandalay announced a dividend for the quarter of C$0.769 in line with this new policy.