News Articles for Allied Gold Mining

Shares in Aurum Resources jumped more than 30 per cent this morning after it recorded a whopping 73m intercept going 2.15g/t gold from 172m at its Boundiali project in the West African nation of Côte d'Ivoire. The impressive drill hit contained several high-grade sections, with highlights showing a 4m segment grading 18.63g/t gold from 185m including 1m at a staggering 72.11g/t from 188m.

Assays from the first eight diamond drill holes at Aurum Resources' Boundiali gold project in Côte d'Ivoire, West Africa suggest wide, shallow gold mineralisation with more assays on the horizon. The best results were 16m at 1.24 grams per tonne from 117m including a 6m thick section grading 2.44g/t from 127m, 7.39m at 1.94g/t from 139.34m including 5.35m at 2.53g/t from 141.37m.

Aurum Resources has completed its acquisition of PlusOr Global and now officially owns ground in Africa's Côte d'Ivoire, where historic drill hits have run as high as 1m at a massive 30.8g/t gold from 42m. The company says diamond drilling at the project is underway and 29 holes have been completed across three targets for 4592m of core, with assays due back next month.

Aurum Resources is set to take its gold search to a new continent after signing a binding agreement to acquire PlusOr Global, which holds the rights to earn into the Boundiali gold project in Côte d'Ivoire. The project on the southern coast of West Africa covers two contiguous granted exploration permits within Côte d'Ivoire's prospective Boundiali greenstone belt.

WHEN Silver Lake Resources managing director Les Davis and Integra Mining chief Chris Cairns used the first day of the recent Diggers & Dealers Forum in Kalgoorlie to unveil the $1 billion merg

The stock market is throwing up some interesting valuations of late, with excessive discounts on some top companies.

The corporate advisory market is in the doldrums as global forces restrain players.

GR Engineering Services' share price has slumped to $1 after the company disclosed it was involved in a complex legal dispute with former client Allied Gold.

HE role of chairman at Australian public companies has traditionally been reserved for experienced industry professionals tired of working in an executive capacity and who are keen to bring an independent viewpoint to the company boardroom.

Subiaco-based Allied Gold has revealed plans to raise up to $C155 million ($A158 million), its second major capital raising for the calendar year.

Subiaco-based Allied Gold plans to make a friendly all-scrip takeover offer for Toronto-listed Australian Solomons Gold in a deal valued at about $60 million.

Investors have swamped Subiaco-based Allied Gold's capital raising which closed oversubscribed having raised nearly $31 million.

Welshpool-based Allied Gold has attracted a $35 million injection from gold miner Barrick Gold Corporation for its PNG projects.

A 60% increase in throughput is already being considered by Allied Gold Ltd as the Perth-based miner readies for first production next month from its flagship A$87 million gold mine in Papua New Guinea.

The spectacular rise in Fortescue Metals Group's share price since chief executive Andrew Forrest took the reins has made the iron ore developer the top performing Western Australian stock over the past five years.

Kewdale-based Allied Gold Ltd has confirmed its Simberi Oxide Gold project remains on schedule, despite the withdrawl yesterday of a placement offer by Chinese gold giant Zijin Mining Group Co Ltd worth at least $18 million.

Welshpool-based gold explorer Allied Gold Ltd has secured a $34.3 million loan facility to complete its project financing package for the company's Simberi oxide gold project offshore Papua New Guinea.

Western Australian gold producer Allied Gold Ltd will list on London's Alternative Investment Market in May.

Welshpool-based gold explorer Allied Gold Ltd has announced the commencement of detailed engineering design at its Simberi oxide gold project in Papua New Guinea.

Allied Gold Ltd, 06/02/06, Westpac Nominees Became a substantial shareholder with a relevant interest of 7,680,000 ordinary shares (5.203%)

Allied Gold Limited has placed 7,580,000 shares at an issue price of $0.40 per share to DRDGOLD Limited using its 15 per cent placement authority.

Allied Gold Ltd 13-May-04