Eldorado Gold (TSE:ELD)(NYSE:EGO) agreed over the weekend to buy European Goldfields (TSE:EGU)(LON:EGU) in a $2.5 billion deal.

Clifton Star Resources (CVE:CFO) unveiled Thursday the first 3D block model and integrated resource estimate for its Duparquet project in Quebec, while includes the Beattie tailings resource. Shares rallied nearly 12 per cent to $1.03 Thursday morning.

Two numbers point to the potential of Castle Peak Mining. These are five and 50. In short, there are five mines within a 50 km radius of the firm's Akorade project with a total of 50 mln ounces of gold reserves and resources.

Gold producer Great Basin Gold (TSE:GBG)(AMEX:GBG) Tuesday posted a 27% increase in revenue to $33 million for the quarter that ended March 31, compared with the same quarter a year earlier. The company cited a 7 percent improvement in ounces sold, as well as an 18 percent increase in the realized gold price.

Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) Monday unveiled "positive" results of a feasibility study for its 100 percent-owned Debarwa volcanogenic-massive-sulphide (VMS) copper-gold-zinc deposit, part of the Asmara project in Eritrea.

Gold Resource Corp (AMEX:GORO) announced late Thursday record results for its first quarter that it said set a "strong base" for the company, with gold equivalent production quadrupling year-over-year and mine gross profit more than tripling.