By Dave Brown – Exclusive to Gold Investing News This week, economy and the markets took a back seat to political and meteorological developments. Most of the attention was focused on the National Democratic Convention and the tropical cyclone ‘Gustav’, which has been creating havoc and has also killed many in the Caribbean. ‘Gustav’ has [...]
Read the full article: "WEEKEND WRAPUP"
Friday, August 29, 2008
National Post reports with higher oil prices, open-pit mining is becoming very expensive and harder to be profitable. Investors got a good reminder of that fact this week from a small miner called GBS Gold International Inc. The stock lost two-thirds of its value after the company raised its cost guidance and warned that it may [...]
Read the full article: "GBS Gold in open pit of trouble"
Friday, August 29, 2008
IAMGOLD Corporation reports that it has filed a draft tender offer in France that will provide for an all cash offer for Euro Resources. EURO currently has a participation right royalty on production from IAMGOLD’s Rosebel gold mine that entitles EURO to payments of 10% of the gold price above US$300/oz for production from soft rock and [...]
Read the full article: "IAMGOLD reports filing in France of cash bid"
Friday, August 29, 2008
Eldorado Gold Corporation reports an update on Efemcukuru Gold project which is currently under construction, Turkey. The Company together with its consultants have completed a thorough review of the Project and has updated its estimates for initial capital investment, operating costs and schedule for commissioning. For comparison purposes these parameters are referenced against the feasibility study (the “Study”) [...]
Read the full article: "Eldorado Gold updates Efemcukuru project"
Thursday, August 28, 2008
Overview Northern Gold Mining Inc. is a junior resource company dedicated to gold exploration in Northern Ontario. In early summer 2008 occurrences of visible gold were noted on Northern Gold’s Kirana Project and rigorous sampling was undertaken. Assaying of these samples taken from bedrock returned values of gold as high as 2305.12 g/t (67.22 oz/ton). [...]
Read the full article: "Northern Gold Mining Inc.: Recent High Grade..."
Thursday, August 28, 2008
BullionVault.com reports Gary Dorsch of Global Money Trends writes six central banks that oversee 40% of the world’s economy decided to slow their fast growing economies this summer in order to keep commodity prices in check. Their rapid fire tightening moves over the past two months contributed to the crash in the Gold Market since July 15th. India, the biggest consumer of [...]
Read the full article: "G-6 topples the gold market"
Thursday, August 28, 2008
Canasia Industries reports Clone Gold prospect’s operator informs them that the first four holes have now been completed and the drill has been moved. The Clone Gold Prospect is located in the prodigious Eskay Creek/Stewart Region of British Columbia and is approximately 20 kilometers (12 miles) SE of the town of Stewart, BC and the Canadian-Alaskan border. Canasia Industries’ [...]
Read the full article: "Canasia completes 4 holes on Clone Gold..."
Thursday, August 28, 2008
Golden Eagle International reports that it is recovering gold at its C Zone operation in eastern Bolivia. The Company’s first 778 grams (25 troy ounces) will be sold at a minimum price of $840 per troy ounce pursuant to a sales contract. The C Zone operation is estimated to be averaging between 60 and 200 tonnes [...]
Read the full article: "Golden Eagle reports on production at C Zone..."
Thursday, August 28, 2008
Rusoro Mining Ltd. reports in response to August 27th issued by Gold Reserve that it would like to confirm that it tabled a non-binding expression of interest expiring at 11:59 pm Vancouver time on August 26, 2008. Since its formation in 2006, Rusoro’s stated corporate strategy has been to consolidate the gold mining sector in Venezuela. Management viewed [...]
Read the full article: "Rusoro responds to Gold Reserve news release"
Thursday, August 28, 2008
Buffalo Resources Corp. reports its financial record results for Q2 2008. Buffalo recorded production volumes of 3,241 boe/d for the second quarter of 2008, a 79% increase over the comparative quarter in 2007. The Q2 2008 production volume includes a negative adjustment of approximately 300 boe/d. The adjustment is mainly related to volumes that were reported as [...]
Read the full article: "Buffalo Resources reports Q2 2008 results"
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Sunday, August 31, 2008