High River Gold is an unhedged gold company with producing mines, mines under development, and advanced exploration projects in Burkina Faso and Russia.
High River Gold's attributable unhedged annual gold production is expected to exceed 300,000 ounces. In addition, the Company has three advanced exploration projects, the Bissa Gold Project in Burkina Faso, the world-class Prognoz Silver Project and the Chaya Nickel Project in Russia.
21/11/2008A subsidiary of Severstal (LSE: SVST), the Russian mining group, added High River Gold to its growing list of acquisitions. Yesterday High River Gold announced that Severstal had participated in a heavily dilutive share placing that would take its equity stake to 50.1%.
19/06/09High River Gold reports 11 pct higher measured resource for Bissa project
22/05/09Russia’s Severstal mulls cash offer for High River Gold minorities
30/03/09High River Gold financing talks with shareholder Severstal fail
Recent Sector News
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 succeeds in lowering capex at Asmara project, production fast-tracked by almost a year
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.
Kirkland Lake Gold (TSE:KGI)(AIM:KGI) shares rallied after the company revealed impressive operational results for its fiscal fourth quarter, which analysts say mark a "stellar end" to a year in which the company regained mining access to the higher grade ores at its Macassa mine. Shares jumped 10 percent in afternoon trading in Toronto.
Asanko Gold offers improved economics for Esaase project as it moves to become low-cost, mid-tier producer
Asanko Gold (TSE:AKG) (NYSE MKT:AKG) has taken the next step toward advancing its Esaase gold project in Ghana to production by announcing stellar projected economics that would withstand even fallen gold prices, and is already on its way to the next stage of development.
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