Mining News: GOLD
By Mining Weekly,
March 15, 2010 at 9:07 AM -
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PERTH (miningweekly.com) – US-based gold-miner Newmont would complete the ramp up of its Boddington mine, in Western Australia, by the end of the third quarter, regional group executive Philip Stephenson reported on Monday. Speaking at the Paydirt Gold
By Mining Weekly,
March 15, 2010 at 9:07 AM -
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PERTH (miningweekly.com) – ASX- and JSE-listed gold junior Gold One plans to spin-off its Megamine project into separately JSE-listed company, CEO Neal Froneman told Mining Weekly Online on Monday. The Megamine project consists of prospecting rights
By Seeking Alpha,
March 15, 2010 at 8:56 AM -
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Anomalous Investments submits:Kinross Gold (NYSE: KGC, TSX: K) may have kicked off the second Yukon gold rush after it announced on Thursday an acquisition bid for micro-cap exploration company Underworld Resources (TSX-V: UW, USOTC: UNDWF.PK), which values Underworld at approximately US$ 135 million (C$ 139 million).Kinross has offered 0.141 of a Kinross common share, plus $0.01 in cash, for Underworld Resources. Based on the March 10th closing price of C$18.54 per Kinross common share on the Toronto Stock Exchange, the implied offer price was approximately C$2.62 per common share of Underworld Resources. »
By Mineweb,
March 15, 2010 at 8:35 AM -
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The price that was once an invisible ceiling, is now more likely to be the level at which a fall in the gold price bottoms out
By Mineweb,
March 15, 2010 at 8:28 AM -
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Newmont says the ramp up of the operation, which will be the group's cornerstone asset for many years to come, is at about 70% and climbing. And, the group says it will continue to further develop this under-explored region
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Rio Cristal Resources announced assay results from a campaign of bulk sampling on a mineralized quartzite bed known as Bench 5 within Zone 2 at its Condor property in southwest Peru. The gold assays from five bulk samples range from 1.12 to 6.82 g/t and averages 3.25 g/t. Each bulk sample weighed between 57.5 kg and 68.5 kg and each was divided into 6 subsamples.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Everton Resources announced initial results returned from the first four holes from the winter drill program recently completed on the Shoal Lake West, located 60 km west of Kenora, Ontario, Canada. Highlights include between 191.1m and 208.2m that returned 7.15 g/t gold over 17.1m including 44.43 g/t gold over 1.4m was found in SLW10-04, in SLW10-01 returned 2.74 g/t gold over 1.4m from 409.9m and SLW10-02 returned 2.22 g/t gold over 8.1m from 124.2m
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Asia Minerals announced that drilling continues to returned results from the Miwah Main Zone in Northern Sumatra, Indonesia. In Hole EMD021 encountered 1.36 g/t gold over 157m including 2.15 g/t gold over 59.1m, and ended in mineralization. The Main Miwah Gold Zone remains open in all directions with the Moon River area expanding the north-south potential from 400m to more than 600m, whilst remaining open further to the north towards Sipopok.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Century Mining announced results of surface diamond drilling at the Bedard Dyke at the Lamaque mine located in Quebec, Canada. The best results was returned from hole 2700-1 with 5.28m at 9.56g/t gold from 69.19m and in hole 2610-7 intersected 1.69m at 100.50g/t gold from 63.92m downhole.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Kirkland Lake Gold announced an operations update and its third quarter 2010 fiscal results for the three months ended January 31, 2010. Gold production for the quarter was 8,221 ounces, compared to 3,912 ounces last year but significantly below normal production rates due to the lack of paste fill and due to the completion of project work interfering with production. A net loss for the quarter ended January 31, 2010 of $8,262,648 or $0.13 per share, which compares with a net loss of$10,334,700 or $0.17 per share for the previous quarter.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Atocha Resources announced the signing of a 100% option agreement of 14 claims in the Strike 101-114 Claims near Dawson City, Yukon Territory, Canada.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Far West Mining announced the assay results from a 10,000m drill program at Santo Domingo, Chile. Key results includes from Hole 377 with 46m at 0.94% copper, 34.7% iron and 0.13g/t gold from 76m downhole and in Hole 390 returned 56m with 1.05% copper, 34.8% iron and 0.13g/t gold from 144m depth.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Abacus Mining & Exploration announced results from diamond drilling in the Ajax East Extension area, a fault offset extension of the Ajax deposit, near Kamloops, British Columbia, Canada. The best results was returned from Hole AM-10-044 returned 71m at 0.43% copper and 0.13 g/t gold including 14m at 1.09% copper and 0.36 g/t gold and in Hole AM-10-039 intersected 72.6m at 0.33% copper and 0.22 g/t gold.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Roca Mines reported to have received assay results from two additional drillholes on the Nuevo Milenio project located in Nayarit, Mexico. In hole NM-10-04 returned 4.55m at 1,299 g/t silver and 4.27 g/t gold including 1.05m at 4,712 g/t silver and 15.54 g/t gold and in hole NM-10-03 intersected 9.84m at 31.6 g/t silver and 0.942 g/t gold.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Red Rock Resources announced exploration progress at its Migori gold project in Kenya. During the December 2009-January 2010 exploration phase, the last five cores (MD32-MD36), from the diamond drilling campaign by Kansai in 2007, were logged and
sampled. Samples were sent for analysis in Mwanza in mid-January 2010 and the results received in mid-February. Best results include 13 m of 1.69 g/t gold from hole MD27.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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THEMAC Resources Group announce that it has signed a binding Heads of Agreement with Mercator Gold, to acquire 100% of Mercator’s interest in New Mexico Copper Company wholly owned subsidiary which holds an option to acquire 100% of the Copper Flat project.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Bard Ventures and Beatrix Ventures announced that further to the news releases of Bard dated October 9, 2009 and March 9, 2010, the Plan of Arrangement, which resulted in the Opikeigen property and $250,000 cash being transferred from Bard to Beatrix, closed on March 15, 2010.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Ramelius Resources Limited announced that it now has the preliminary results of its first parcel of stoping ore from the
Wattle Dam gold mine, near Kambalda in Western Australia. The parcel consisted of 12,000 t at an estimated headgrade of 23 g/t gold for a recovered 8,600 ounces of gold. To date the combined head grade of development ore and stoping ore is 33 g/t gold.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Sirius Resources NL announced exploration update on the gold-nickel-copper-zinc Youanmi project located in Western Australia. Highlights include: Geochemical sampling over the first of several volcanogenic massive sulphide base metal targets has defined a distinct copper-zinclead- barium soil anomaly and a copper-nickel-cobalt soil anomaly defined over adjacent contact zone of Youanmi intrusion.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Gold Anomaly announced operation updates at Sao Chico gold Project in Brasil.
By InfoMine - CompanyProperty Mine,
March 15, 2010 at 8:00 AM -
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Pro Minerals and Apella Resources announce that, further to its News Release of October 20, 2009, the Company has renegotiated its option to acquire a 100% interest in the “Lac Laura Gold Project” located in Quebec, Canada, from Apella.
By Mineweb,
March 15, 2010 at 7:43 AM -
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Current net cash flow is not the only factor to take into account when considering investing in the gold majors -long-term stability, income and wealth protection can counter short term financials as a reason to stay with them.
By Mineweb,
March 15, 2010 at 7:22 AM -
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The price of the yellow metal bounced up off two week lows on Morning trade on Monday but the market remained concerned about speculation European authorities may use gold reserves to help bail out struggling Euro-zone states.
By CNBC,
March 15, 2010 at 7:17 AM -
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DATA IS REAL-TIME EXCEPT NOTED WITH * * DATA DELAYED AT LEAST 15 MINUTES
By Mining Weekly,
March 15, 2010 at 7:15 AM -
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TOKYO - Gold prices rebounded on Monday from a two-week low hit late last week, but remained pressured by wariness over speculation European authorities may use their vast gold reserves to help euro zone states facing fiscal problems. Gold prices fell
By FOXBusiness.com,
March 15, 2010 at 5:47 AM -
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By Stephen Bell, contributing to Dow Jones Newswires; 61-8-9244-4243; sgbell@bigpond.com Dow Jones Newswires PERTH -(Dow Jones)- U.S.-based gold producer Newmont Mining Corp. (NEM) said Monday that Chinese demand for gold bullion will remain strong
By WebWire,
March 15, 2010 at 5:47 AM -
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Symbol: BRZG Dynamic Alert Ltd. (the 'Company') is pleased to announce its change-of-name to Brazil Gold Corporation, and new trading symbol 'BRZG', effective immediately. At the open of trading today, the Company is listed and trades with its new name
By India4u.com,
March 15, 2010 at 4:18 AM -
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G. Chandrashekhar Mumbai, March 14 Even as the financial markets continue to gyrate, the broader macro-economic data releases signal of an expansion in economic activity. OECD composite leading indicators in January 2010 continue to suggest an
By Daily Reckoning Australia,
March 15, 2010 at 4:15 AM -
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Well Friday was a snoozer in New York. Markets didn't make new highs. But they didn't crash either. The S&P 500 remains near a 17-month high. And by most accounts, everything is fine in Greece, everything is fine in China, and the whole world is
By The Australian,
March 15, 2010 at 4:12 AM -
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NEWMONT Mining said today Chinese demand for gold bullion would remain strong this year, despite historically high prices for the metal. 'I'm forecasting that we're still going to see strong investment demand from China,' said Philip Stephenson, regional
By Business Report,
March 15, 2010 at 4:10 AM -
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y Wiseman Khuzwayo South Africa has slipped down to fourth position on the global ranking of gold production, with its production falling by 1.8 percent in the fourth quarter of last year, compared with the third quarter. This is according to figures
By Q97.5 EZ Rock,
March 15, 2010 at 2:29 AM -
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Goldcorp Inc. is spending $40 million this year to develop its recently acquired El Morro gold-and-copper project in Chile, despite a dispute over ownership of the project with the world's largest gold miner. Goldcorp (TSX:G) chief operating officer
By Yahoo! News Australia,
March 15, 2010 at 12:05 AM -
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After rallying nearly & #36;US100 in two months, gold gave up some of those & #160; gains last week, taking many investors in the metal & #160;by surprise & #160;Gold briefly dropped below & #36;US1,100 an ounce on Friday, ending the week & #36;US30
By Proactive Investors.co.uk,
March 14, 2010 at 9:49 PM -
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Gold for April delivery finished down $6.50, or 0.6%, at $1,101.70 an ounce at the New York Mercantile Exchange. For the week, gold fell 2.4%. The contract earlier had benefited from a weaker dollar and a jump in crude-oil prices after the International
By Financial 24,
March 14, 2010 at 9:40 PM -
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March 12 -- Gold in New York fell to the biggest weekly loss in seven weeks on speculation that China will raise interest rates to control inflation, reducing demand for raw materials including precious metals.
By Pro Security Zone,
March 14, 2010 at 9:04 PM -
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The Network Management Product of the Year for 2010 has been won by the WhatsUp Gold suite from IpswitchIpswitch's Network Management Division, developer of the WhatsUp Gold suite of innovative network management solutions, has announced that following
By Financial 24,
March 14, 2010 at 8:11 PM -
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Gold's rally to record highs in euro and sterling terms and the resilience of spot prices in the face of a rising US dollar is sign-posting the metal's broadening insurance appeal, as sovereign debt fears shift to the fore.
By Gold Anti-Trust Action Committee,
March 14, 2010 at 7:45 PM -
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By Adrian Douglas Sunday, March 14, 2010 The Federal Reserve's Federal Open Market Committee (FOMC) meets eight times per year to discuss and set interest rate policy. The minutes of these meetings are not released for five years. This ensures that few
By Timmins Daily Press,
March 14, 2010 at 6:03 PM -
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Gold Corp edged the Porcupine Kinsmen 11-10 in novice ringette game which saw a pair of opposing players dominate on the score sheet. Sydney Dagenais notched five goals and added an assist in a losing effort for the Kinsmen while Annick Trudel led Gold
By Gold Anti-Trust Action Committee,
March 14, 2010 at 4:15 PM -
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By Jan Harvey Reuters Friday, March 12, 2010 http://www.reuters.com/article/ousiv/idUSTRE62B1U320100312 LONDON -- Gold's rally to record highs in euro and sterling terms and the resilience of spot prices in the face of a rising dollar is sign-posting the
By Kitco,
March 14, 2010 at 3:57 PM -
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Global Research Strategist Contact Information Russell Browne - russell_ browne@scotiacapital.com Trading Contacts Reuters MMCN or (212)225-6200 Stephen Abbriano-stephen_abbriano@scotiacapital.com Robert Lockwood-robert_lockwood@scotiacapital.com
By Coin News,
March 14, 2010 at 3:55 PM -
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American Gold Eagle bullion coins are not on the same fiery pace seen in 2009 or during the Y2K “scare” in 1999, but the latest United States Mint sales figures show they are on track to record their third best ever March. With the first two weeks
By Nasdaq,
March 14, 2010 at 3:39 PM -
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FRANKFURT -(Dow Jones)- Germany's Deutsche Bundesbank opposes using its gold reserves to back a possible European monetary fund, the central bank said Sunday, addressing a press report that said the German government is considering the option that
By RBC Dain Rauscher,
March 14, 2010 at 2:46 PM -
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Broken necklaces. Tarnished tea sets. Rings from ex-boyfriends. These relics of the past are glittering again thanks to breathtaking prices for gold and silver, prompting consumers to search for riches in jewelry boxes and dresser drawers. It's also
By Seeking Alpha,
March 14, 2010 at 12:53 PM -
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Personally, I'm not a big fan of investing in Africa in general. But following Red Back Mining (RBIFF.PK) leads me to believe that the future for gold miners in West Africa is much brighter than one would think.I first wrote an article for Seeking Alpha back in November detailing Red Back's incredible year with regards to mine development, drilling results, reserve and resource expansion,etc. But just five months later, Red Back's story is becoming one of a world class miner in the making. »
By Mineweb,
March 14, 2010 at 11:32 AM -
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A German source suggests that the country is considering suggesting that state gold reserves could be used as a last resort to bail out Euro zone states facing bankruptcy
By Reuters,
March 14, 2010 at 11:09 AM -
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NEW YORK (Reuters) - Chief executives of gold producers almost always voice bullish sentiments about the price of the yellow metal, but mining executives lately have backed their conviction with actions. Most gold miners have eliminated or are in the
By Seeking Alpha,
March 14, 2010 at 10:22 AM -
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Peter Cooper submits: The Middle East could be enjoying another oil price boom much sooner than expected as Chinese inflation gathers pace after one of the biggest experiments in loose monetary policy in history. Once an exporter of deflation to the rest-of-the-world, a nasty side-effect of the record stimulus plan in China last year is a surge in inflation that jumped to 2.7 per cent last month. Officials claim this is ‘mild and controllable’. Veteran observers sense an inflation genie let out of the bag. Handbag shortage One reader recently commented on shortage of handbags in China. This small example is illustrative of too much money pursuing too few goods. Inflation in prices is the inevitable result. »
By Mineweb,
March 14, 2010 at 10:22 AM -
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Current net cash flow is not the only factor to take into account when considering investing in the gold majors -long-term stability, income and wealth protection can counter short term financials as a reason to stay with them.
By Seeking Alpha,
March 14, 2010 at 10:05 AM -
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David Hunkar submits: In this post, let me list some of the Tier 1 gold miners and a few copper miners. But before we get into the list, here are some interesting facts about gold: US Gold Reserves totaled 8,133.5 tons in September 2008, accounting
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