SBI Mutual Funds, the joint venture between State Bank of India and Societe General AMC of France, is targeting to mop up funds from its new SBI Gold Exchange Traded Scheme. SBI MF Chief Investment Officer, Mr Navneet Munot, stated: Given the uncertainty in the global economic environment, gold as an asset class offers an [...]
India’s gold futures are expected to edge lower this week on a recovering dollar against the euro, dimming the yellow metal’s appeal as an alternative investment. Pradeep Unni, a senior research analyst with Richcomm Global Services, stated: With dollar strengthening aggressively over the last couple of sessions, gold might suffer a setback. For full story, [...]
Gold World Resources Inc. reported that it has received the Business License for its Chinese joint venture company Hebei Ming. For full story, click here
Detour Gold Corporation and PDX Resources Inc. reported that the merger of the companies was approved at separate special meetings of their respective shareholders. For full story, click here
International Gold Mining reported that pursuant to the Company’s Stock Option Plan, it has granted 1,000,000 incentive stock options to David Taylor, for his services as a director, subject to regulatory approval. For full story, click here
Moto Goldmines reported that it has purchased 20 per cent stake in Kilo Goldmines. The acquisition has seen Moto acquire 7,853,353 common shares out of the outstanding total of 39,266,766, as well as ownership of 1,297,400 warrants to buy common shares from Kilo, with each worth Australian $0.60 for two years. For full story, click [...]
Cluff Gold plc reported that all resolutions were approved at its General Meeting. Algy Cluff, Chairman of Cluff Gold, stated: In this difficult economic environment, this placement demonstrates the strength of our assets and operational expertise. For full story, click here
High Desert Gold Corporation declared that it has released its audited financial statements for the year ended December 31, 2008 and the related management’s discussion and analysis of financial position and results of operations. For full story, click here
Augen Gold Corp. announced that the changes of its TSX Venture Exchange stock symbol from “AUJ” to “GLD” effective at the opening of the market on Monday, March 30, 2009. J. David Mason, Chairman of Augen Gold, stated: The change to our trading symbol represents the positive changes that have occurred at Augen Gold over [...]
Gold futures fell Monday for a second session as the U.S. dollar surged against its major rivals, reducing the metal’s appeal as an investment alternative. For full story, click here
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