NovaGold Resources (TSE:NG) Lost $18.7 Million in First Quarter

NovaGold Quarterly ReportFirst quarter results for NovaGold Resources (TSE:NG), while nothing to brag about, did improve over the same quarter last year, as they improved losses from $28.5 million last year to $18.7 million losses this year.The $28.5 million equaled 20 cents a share, while this year losses were 10 cent a diluted share.Revenue for the quarter came in at only $30,000 for the

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Tanami Gold (ASE:TAM) Starting ‘Tanami Desert’ Project in 2010

Filed in Gold, Gold Prices, Gold Production, gold-property, Tanami Gold by on March 29, 2010 0 Comments

Tanami Gold Project to Produce 200,000 ounces a yearTanami Gold (ASE:TAM) is looking to start its Tanami Desert project it acquired from Newmont Mining sometime in 2011.Based in Western Australia, Tanami says it is in the last leg of determining whether it will be an underground or open pit mine, or possibly both.By 2012 Tanami will be producing about 200,000 ounces of gold a year, according to

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