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Mining news: NEWMONT MINING CORPNewmont’s seven year gold itch in New ZealandNew Zealand’s big spender on exploration, Newmont Waihi Gold - subsidiary of American gold giant Newmont Mining Corporation - is continuing its major exploration programme in the southern sector of the North Island’s Coromandel Peninsula with the immediate target of increasing its operation’s known life from four years to seven. New Jersey Mining Company Updates Progress of Toboggan ProjectKELLOGG, Idaho, Nov. 21, 2008 (GLOBE NEWSWIRE) — New Jersey Mining Company (OTCBB:NJMC) today provided an update on the exploration of its Toboggan project, which now covers over 7,300 acres located north of Murray, Idaho. The Toboggan project is a gold exploration joint venture between New Jersey Mining Company and Newmont North America Exploration Limited (Newmont), a subsidiary of Newmont Mining Corporation (NYSE:NEM). StrataGold completes drilling on BRL Venture, Guyana VANCOUVER, Nov. 10 /CNW/ - StrataGold Corporation (SGV-TSX) is pleased to GBGGREAT Basin Gold has completed the third 2008 milling test batch at its Hollister Project in Nevada. ‘Processing of the ore was completed in September and October 2008 at the Midas mill of Newmont Mining Corporation (’Newmont’), located 20 miles from Orbit Garant Drilling Awarded Major Contract by Newmont Mining VAL-D’OR, QC, Nov. 5 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) today Newmont: Limited capital access, tight physical demand will mean higher gold pricesNewmont is optimistic that the tightness in the physical demand for gold, along with the difficulty of trying to buy gold in the marketplace, should translate to higher gold prices. Newmont checks spending amid market downturnNewmont Mining Corp. reported a 51-per-cent drop in third-quarter profit as its chief executive officer reaffirmed the gold mining giant’s 2008 forecast but said they may rethink some projects and priorities during the financial turmoil. During a Falling Copper Sales Hurt NewmontNewmont Mining Corp.’s third-quarter net income fell 50% as sales declined amid a drop in margins and copper sales. The world’s second-largest gold miner behind Barrick Gold Corp. reported net income of $196 million, or 43 cents a share, compared with 9:20am Newmont’s profit hit by rising costsNEWMONT Mining said its third-quarter net income dropped by 51 per cent due to higher production costs and plummeting copper sales. The Denver-based company said costs applicable to gold sales increased about $US100 an ounce, but that was offset somewhat Newmont Mining profit halved by lower gold, copper pricesDenver-based Newmont (NEM:NEMNews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) said net income for the three months ended Sept. 30 fell to $196 million, or 43 cents a share, from $397 Newmont Mining Q3 Profit Loses Lustre On Higher Costs, Decreased Volumes - UpdateNewmont Mining Corp. (NEM: News ), the world’s second largest gold producer reported third-quarter profit that declined nearly 51% from last year, hurt by higher costs, decreased gold and copper sales volumes and lower realized copper prices.The nation’s Newmont Mining Q3 2008 Earnings Conference Call At 10:00 AMThis Virtual Directory does not allow contents to be listed. Newmont profit falls by halfDENVER - Newmont Mining says third-quarter profits fell 50 per cent because of higher costs and one-time gains recorded a year ago. The Denver-based gold mining giant said Wednesday it expects to meet its 2008 gold sales guidance. For the quarter, Gold miner Newmont’s third-quarter profit fallsNEW YORK (Reuters) - Newmont Mining Corp (NEM.N: Quote, Profile, Research, Stock Buzz) said on Wednesday that third-quarter profit fell just over 50 percent, hurt by a decline in gold and copper shipment volumes and higher production costs. Net income Newmont Mining Q3 Profit Declines - Quick FactsNewmont Mining Corp. (NEM: News ) announced a sharp decline in third quarter GAAP net income to $196 million or $0.43 per share compared to $397 million or $0.88 per share last year. Income from continuing operations was $177 million compared to $331 Newmont Generates Third Quarter Net Cash From Continuing Operations of $198 Million ($0.44 per Share); Maintains 2008 Guidance<> DENVER, Oct. 29 /CNW/ — Newmont Mining Corporation Newmont Generates Third Quarter Net Cash From Continuing Operations of $198 Million ($0.44 per Share); Maintains 2008 GuidanceThis release should be read in conjunction with Newmont’s Third Quarter 2008 Form 10-Q filed with the Securities and Exchange Commission on October 29, 2008 (available at http://www.newmont.com). DENVER, Oct. 29 /PRNewswire-FirstCall/ — Newmont Mining African Gold Group, Inc. and Newmont Sign Agreement Allowing Newmont to Spend Up to $8 Million to Earn Up to 70% Interest in Mankranho, GhanaTORONTO, CANADA–(Marketwire - Oct. 23, 2008) - African Gold Group, Inc., (’AGG’ or the ‘Company’)(TSX VENTURE:AGG - News) is pleased to announce that AGG (Ghana) Ltd. and Newmont Ghana Gold Limited (’NGGL’ or ‘Newmont’), a subsidiary of Newmont Mining Newmont Announces Simon Thompson Elected to Newmont’s Board of Directors DENVER, Oct. 22 /CNW/ — Newmont Mining Corporation (NYSE: NEM) today Newmont Announces Simon Thompson Elected to Newmont’s Board of Directors DENVER, Oct. 22 /CNW/ — Newmont Mining Corporation (NYSE: NEM) today |
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