Serengeti Resources Inc. reports results from the 2008 drill program on it’s 100% owned Kwanika copper-gold property, British Columbia. Central Zone: Three of the new holes in particular on the southwestern side of the central zone returned long intercepts of copper-gold mineralization including higher grade intervals as follows: 87.1 meters grading 0.89% Cu, 1.18 g/t Au in K-93; [...]
Mineweb(Editorial) reports first gold-backed ETF to list on Hong Kong Exchange. The SPDR Gold Trust marketed by State Street Global Advisors (SSgA), is designed to track the price of gold and trade like any stock on the exchange. The SPDR Gold Shares are backed by physical allocated gold bullion and will be denominated in Hong Kong [...]
Sage Gold Inc reports an update on its exploration activities in the Beardmore – Geraldton Gold Camp, Ontario. The BGGC near Thunder Bay in northern Ontario has historically produced over four million ounces of gold. Sage is one of the most active exploration companies in the area and holds a very large and strategic land [...]
News from the Canadian Press reports Centerra Gold Inc., an international gold miner controlled by uranium giant Cameco Corp. reports a second quarter net profit of $56 million. The Toronto company said Thursday it earned 26 cents a share for the three months ended June 30. That compared with a net profit of $18.6 million, or [...]
INO news reports Goldcorp Inc. will acquire Canada’s Gold Eagle Mines Ltd. for $1.46 billion in cash and stock. Under terms of the deal, each share of Gold Eagle not already owned by Goldcorp will be exchanged for $6.64 in cash and 0.146 common shares of Goldcorp. Gold Eagle shareholders will have the option to receive cash, [...]
Tara Gold Resources Corp. reports the first gold doré has been poured at the Lluvia de Oro project, Sonora State, Mexico. Tara Gold Resources signed an agreement with NWM Mining Corporation (formerly known as Columbia Metals Corporation), whereby NWM Mining can acquire 100% interest, subject to Tara’s ongoing 20% Net Cash Flow interest from the processing [...]
News from Reuters reports Barrick Gold, world’s top gold miner said its quarterly profit climbed 22 percent as higher gold prices outpaced the rising costs of production. Even so, the company raised its cost-per-ounce estimate for the year, largely because of a surge in prices for energy used in production. It also said 2008 production [...]
Goldcorp Inc. reports increased gold production of 551,600 ounces for the quarter ended June 30, 2008. Adjusted net earnings(1) in the quarter were $83.2 million, or $0.12 per share. A non-cash foreign exchange loss on the revaluation of future income tax liabilities led to a reported net loss of $9.2 million, or $0.01 per share, [...]
Eaglecrest Explorations reports that the non-brokered private placement has been fully subscribed. Each unit will be comprised of one common share and one-half of a warrant, with each full warrant exercisable to purchase one additional common share in the capital of the company for US$0.20 until 4:30 p.m. ET on the day 12 months from acceptance of [...]
Miningmx.com reports the new CEO, Nick Holland who took over from Ian Cockerill, former CEO shakes up Gold Fields with ambitious plans. In his first 90 days in office, Holland is shaking up the company, suggesting that in three or four years a decision will be made whether the head office will be moved closer to the [...]
Thursday, July 31, 2008