The output of the world’s gold mines fell by 4% last year, according to estimates in a new report from the GFMS, a consultancy. Among the largest drops came from South Africa, previously the world’s largest producer, which fell by 14% as well as Australia whose output fell by 14%. China, Russia, and Peru, each [...]
Vancouver, British Columbia — Goldcorp Inc. [[GG]] — Today announced record fourth quarter gold production of 692,000 ounces. Gold production for the 2008 year exceeded 2.3 million ounces, meeting previously issued guidance. Goldcorp’s year-end unaudited financial statements are expected to be released on February 19, 2009. The calculation of operating costs for 2008 has not [...]
Drilling Starts at Columbus Gold’s Property
Columbus Gold Corporation announced today that drilling has started on the Company’s Summit Project where joint venture partner Agnico-Eagle Mines Limited ([stock AEM]) is earning an initial 51% interest by undertaking staged annual exploration expenditures and making annual cash payments to Columbus Gold. The current program will consist of approximately 4,000 feet (1,220 meters) of [...]