La Mancha Resources Inc. announced encouraging exploration drill results from the Foxdale Prospect south of the Frog’s Leg mine. For full story, click here For company’s website, click here
Read the full article: "Positive drill results from La Mancha..."
Friday, October 31, 2008
Louvem Mines Inc. said the revenues were $3,791,438 for Q3, compared with $1,407,223 during the same period last yera. In all 4,001 ounces of gold were sold at an average price of US$922 (CAN$939) in Q3. For full story, click here For company’s website, click here
Read the full article: "Louvem Mines announces Q3 earnings"
Friday, October 31, 2008
The company announced a strong financial and operational results for the third quarter ended September 30, 2008. Paul N. Wright, President and CEO of Eldorado Gold Corporation, said: This was a very solid quarter for us. Our Kisladag and Tanjianshan mines produced more than 72,000 ounces of gold at a cash operating cost of $283 per [...]
Read the full article: "Eldorado Gold Corporation’s Q3..."
Friday, October 31, 2008
The African miner said that the output may increase and costs fall in the current quarter as it tries to take advantage of a fall in the rand. Graham Briggs, CEO of Harmony gold, said: Output may advance 1.3 percent to about 12.5 metric tons (401,883 ounces) in the three months ending Dec. 31 compared with the [...]
Read the full article: "Harmony Gold’s Q2 output likely to..."
Friday, October 31, 2008
The most active contract on Tokyo gold futures fell by the daily 150 yen limit as a stronger Japanese currency and weak oil prices triggered selling. For full story, click here
Read the full article: "Tokyo gold futures declines"
Friday, October 31, 2008
Gold futures declined for a 2nd session, heading for the biggest monthly loss since early 1983, as a strengthening U.S. dollar and fund liquidations pounded the yellow metal. Mark O’Byrne, executive director at Gold and Silver Investments, said: Reducing gold prices, speculative paper players using huge leverage continue to exit positions for the relative safety [...]
Read the full article: "Worse month since 1983 for Gold"
Friday, October 31, 2008
According to Peter Munk, the founder and chairman of Barrick Gold Corp, financial crisis has proven both things wrong that gold bugs who consider bullion as the ultimate store of value and those who think that the precious metal is merely another commodity. For full story, click here
Read the full article: "Gold a victim of its own success: Munc"
Friday, October 31, 2008
Gold futures fell amid a decline in crude-oil prices, as the U.S. dollar rose against a basket of major rivals, reducing appeal of the yellow metal. James Moore, analyst at TheBullionDesk.com, said: While gold may take some solace from its recent base building, we still expect rallies to be used as selling opportunities for the time being. [...]
Read the full article: "Gold declines as dollar strengthens, crude..."
Thursday, October 30, 2008
The yellow metal has been seen as a safe haven in times of crisis. This notion is making itself evident in the recent demand hikes the gold market has seen. For full story, click here
Read the full article: "Is Gold a Safe Haven Investment?"
Thursday, October 30, 2008
African gold producer is likely to review its spending plans after metal prices fell and credit availability tightened. For full story, click here For company’s website, click here
Read the full article: "AngloGold likely to Spend Less as Price..."
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Friday, October 31, 2008