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Recent Sector News
Gold Resource (NYSE MKT:GORO) has posted second quarter production that puts the company at the high end of its full year production outlook, the Mexico-focused gold producer said in a statement late Tuesday.
Winnipeg, Manitoba-based gold producer San Gold (TSE:SGR)(OTCQX:SGRCF) is merging with explorer and developer Kerr Mines (TSE:KER), according to a preliminary all-share deal announced Monday, with the former looking to diversify its operations via the addition of the latter's Copperstone gold mine in Arizona.
Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has unveiled more results from its Bruner gold project drilling program in Nevada, with the latest results hailing from the Penelas mine zone.
AuRico Gold's (TSE:AUQ) (NYSE:AUQ) shares rose on Thursday after reporting the company's eighth straight quarter of record gold production, driven by increasingly strong output from its Young-Davidson mine in northern Ontario.
Sunridge Gold (CVE:SGC) (OTCQX:SGCNF) says it is on track to begin production at its Asmara project in Eritrea next year, subject to permitting and funding, following the execution of its shareholders agreement with the Eritrean National Mining Corp (ENAMCO) last month.
Canarc Resource (TSE:CCM) (OTCBB:CRCUF) has found another turnaround opportunity to sink its teeth into, with the company announcing a strategic share exchange agreement with New Mexico's Santa Fe Gold (OTCBB:SFEG) that it says will give the junior mining developer access to a near-term producing gold-silver mine with significant potential.
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