Yukon-Nevada Gold Corp. reports its operational strategy for the next two years at both Jerritt Canyon, Nevada and Ketza River, Yukon Territory. The Company’s plan to initiate production from open pit mining at the Ketza River property in the Yukon Territory continues on schedule. Recently reported drill results have shown that the potential to expand open [...]
International Tower Hill Mines Ltd reports significant resource expansion potential on its Livengood gold project in Alaska. The Company has received final results from 7 of the 19 holes drilled to date that are part of this year’s 150-hole, 45,000-metre program. For complete news, click here. Gold Investing News researchers have discovered IHT’s Livengood project on the [...]
MarketWatch reports gold prices gained a month high with the weak US dollar. Gold for August delivery rose $29.70 to $912 an ounce on the New York Mercantile Exchange. Mark O’Byrne, executive director of Gold and Silver Investments Ltd., wrote: “There is the risk that while the Federal Reserve has to an extent ‘talked the talk’ [...]
Bloomberg reports Gold Fields Ltd.(Africa), second biggest gold producer; output will climb 4.5 percent from previous quarter. South African production will rise 6.6 percent in the three months to June 30 as output climbs at its Beatrix mine, the Johannesburg-based company said today in an e-mailed statement. Gold Fields spokesman Andrew Davidson said in a phone interview: “We [...]
Gold Resource Corp. reports continued high-grade gold intercepts at El Rey in the state of Oaxaca, Mexico. El Rey is being evaluated for accelerated development where high-grade gold ore could potentially be trucked 95 kilometers to GRC’s El Aguila mill, currently under construction. The Aguila mill is targeting gold production at the company’s flagship project, its [...]
MarketWatch reports Gold futures moved higher in electronic trading while interest rates remained steady. Gold prices had closed with a loss of 1%, tracking weakness in the oil market ahead of the Fed decision, which came shortly after metals trading on the New York Mercantile Exchange ended. Jon Nadler, a senior analyst at Kitco Bullion [...]
Merrill Lynch (NYSE: MER) issued a report this morning which indicates that the number of high net worth individuals in the world increased by 6 percent in 2007 to 10.1 million, the number of ultra-high-net-worth individuals increased by 8.8 percent, and for the first time in the history of the report, the average assets held [...]
Luna Gold Corp. reports new assay results from drill program at Piaba, Aurizona. Significant mineralized intercepts are highlighted below. - 25.00 meters @ 1.28 g/t Au in hole BRAZD-256 - 29.00 meters @ 1.56 g/t Au in hole BRAZD-257 - 57.00 meters @ 1.25 g/t Au including 7.62 meters @ 3.66 g/t Au in hole BRAZD-259. Luna’s CEO, [...]
General Metals Corporation excitedly reports a 20 foot intercept of .092 ounces per ton gold equivalent (opt Au Equiv.). which was included in a 140 foot intercept in Hole GM-46 which averaged 0.029 opt Au Equiv. Steve Parent, President and CEO, states, “The results we are seeing this year continue to impress me. Both the high grade and [...]
Marketwatch reports gold futures on the rise with the weak dollar and strong oil prices. Jon Nadler, a senior analyst at Kitco Bullion Dealers says, Gold prices stabilized “after crude oil climbed above $138 and after the dollar gave up some of its gains against the euro,” Mark O’Byrne, executive director at Gold & Silver Investments [...]
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