The broker said that last year’s drilling provided ‘consistently exceptional’ results and it is looking forward to a new resource statement for the project.

The current hot spot of West Africa has become crowded with junior gold developers, which gives an opportunity for consolidation, broker Oriel Securities believes.

Avocet revealed that it has doubled the gold reserve at the Burkino Faso mine, where it began production in June.

East Africa-focused Nyota Minerals is to raise £9.7 million through a share placing at 6p with Centamin to take 67 million of the 161 million new shares.

The update confirmed that New Liberty is optimised for a higher rate of gold production in the first four years which will allow it to repay capital very quickly, chief executive David Reading told Proactive Investors.

Today's resource upgrade for the Dugbe 1 part of the Tuzon project is well ahead of analysts’ expectations, but the company says there is scope for further resource growth within a minable radius of the original Dugbe F deposit.

Hummingbird Resources this morning unveiled a maiden resource for the Tuzon prospect in Liberia of 2.05 million ounces of gold bringing the global resource estimate for the Dugbe 1 project area to 3.8 million ounces.

Hummingbird Resources this morning unveiled a maiden resource for the Tuzon prospect in Liberia of 2.05 million ounces of gold bringing the global resource estimate for the Dugbe 1 project area to 3.8 million ounces.

Shanta Gold has been upgraded to “strong buy” by Fairfax Securities analyst John Meyer ahead of its New Luika mine in Tanzania coming onstream.

Pan African Resources has a good chance to make the proposed acquisition of the Evander gold mine in South Africa  work, according to broker Collins Stewart.

Horizonte Minerals' rapid development of its Araguaia nickel deposit in Brazil has been a model so far and the group has no intention of taking its foot off the pedal.

Archipelago Resources' chief Marcus Engelbrecht says there's a lot more to follow today’s impressive resource and reserve upgrade for the Toka Tindung gold project. This will include more drilling at the flagship project in Indonesia, managing director and CEO Engelbrecht, told Proactive Investors, as the firm strives to expand the resource.

Drilling results are soon due from Stratex International’s Blackrock and Öksüt projects and should give a boost to the explorer’s value, says its house broker.

Caledonia Mining is targeting gold production of 40,000 ounces this year from the Blanket Mine in Zimbabwe after a strong end to 2011

Anglo Asian Mining’s Gedabek gold mine in Azerbaijan has the potential to produce one million ounces over the next fifteen years, its broker said today

Gold sulphide drilling results from Cluff Gold’s Ivory Coast acreage indicate a lot of future potential according to brokers.

The stock is outperforming its peers, rising over 20 per cent since the turn of the year. However analysts at Singer Capital say the group is still undervalued compared to the rest of the junior gold sector and they believe it should be trading at a premium.

TSX-listed REBgold has three attributes that mark it out from the crowd. Proactive Investors delves deeper into this emerging gold firm.

Noricum Gold said the final results from its 2011 drilling campaign on the Rotgülden project in Austria continued to highlight the presence of significant gold and silver mineralisation.

By his own admission Roland Phelps, the chief executive of Galantas Gold, is doing things the old fashioned way. He and the team are building the Omagh Mine, in Northern Ireland, from the bottom up by investing the cashsflow from production into exploration.

The capital and operating costs of Orosur Mining’s Pantanillo Norte project in Chile will be in the order of US$178 million, according to a Preliminary Economic Assessment of the planned gold mine. Prepared by AMEC E&C Services, the study ascribes a net present value of US$32.2 million to the development and an internal rate of return of 17 per cent at an 8 per cent discount rate.

Cluff Gold is considering a relaunch of its operation in the Ivory Coast to provide funds for a deeper exploration programme on the Angovia prospect.

Condor Resources this morning upgraded its JORC resource for the La India Project in Nicaragua to 1.62 million ounces of gold at 5.2 grams per tonne.

Some of the sparkle has gone out of gold and its fellow precious metals since the excitement of August’s record highs. The good news for 2012, for gold bugs anyway, is the economic turmoil that kept precious metal prices high is likely to continue.

The boss of Nyota Minerals says the potential for mining in Ethiopia is enormous even though it is the only miner currently applying for a large scale licence in the country.

Horizonte Minerals said it plans to publish an updated resource statement next month for its Araguaia nickel laterite project in northern Brazil.

It is almost a year to the day since Hummingbird Resources joined the AIM market with the grand ambition of opening a new gold district along the BirimianCraton in Liberia. The company has delivered in a 12 month period what should have taken two or three years.

Goldstone Resources’ five projects in Africa spread the discovery risk both for the company and its investors says chief executive Jurie Wessels.

Archipelago Resources’ major resource upgrade will allow the mining firm to extend the TokaTindung mine’s life significantly, says chief executive Marcus Engelbrecht.