By Kishori Krishnan Exclusive To Gold Investing News A deal was approved on Thursday by Kyrgyzstan’s lawmakers to double the government’s stake in a gold mine that is one of the impoverished Central Asian country’s biggest sources of revenue. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the [...]
In a letter to shareholders today, Mindoro Resources (CVE:MIO) said they were close to signing a deal with Gold Fields (NYSE:GFI) on three copper-gold projects in Batangas Province of the Philippines. The proposed deal would see Gold Fields earning up to 75% of the projects for solely funding exploration and pre-feasibility work on the projects. [...]
Garson Gold declared that the No 3 Zone of its New Britannia mine has feasible for the reactivation of the 2150 tonne per day. For full story, click here
Japan’s Sumitomo Metal Mining Co Ltd. declared that the company itself and Sumitomo Corp. will purchase Teck Resources Ltd’s 40 percent stake in the Pogo gold mine in Alaska, making the Japanese mining company the operator of an overseas mine for the first time. For full story, click here
TNR Gold Corp. declared the acquisition by staking of the Mavis Lake Lithium & Rare Metals Project. For full story, click here
Barrick Gold Corp., the world’s leading gold producer, declared that its first-quarter net income slipped 28 percent, citing lower realized prices and higher costs compared with the prior-year period. For full story, click here
A latest report presented by Citigroup declared that gold prices are expected to surge further in the coming months, but the uptrend is likely to reverse after the return of confidence in the equity market. For full story, click here
Jiminex Inc., Pass Lake, Ontario, a capital pool corporation, declared that on April 17, 2009 it executed a Letter of Intent Agreement with Beaufield Resources Inc., Ottawa, Ontario, to acquire an option to earn an undivided 50% interest in and to the mineral properties comprising Beaufield’s Northern Eagle Gold property located in the Hemlo gold [...]
Lihir Gold Ltd., the second-leading gold mining company on the Australian Stock Exchange, declared record output for a third straight quarter after adding new mines in Australia and Africa. For full story, click here
Gold mining companies are now cashing on the world’s new found love for gold. Even as the prices surged making yellow metal the best bet in the times of recession, gold mining companies in South Africa also gained hugely. For full story, click here
Thursday, April 30, 2009