Lihir Gold, the second-leading gold mining company on the Australian Stock Exchange, declared second-quarter output surged 66 percent, boosted by mines acquired in Australia and Africa. Chief Executive Officer Arthur Hood declared: I started to receive approaches several months ago. For full story, click here
Canadian Miner Cadan Resources Corp. will spend $2.5 million to explore two highly mineralized areas in Mindanao for the next two years. For full story, click here
Pacific Ridge Exploration Ltd. declared its Klondike Kate Gold project, located in the Yukon’s South Klondike region, 90 kilometres south of Dawson City. The Klondike Kate Gold project now consists of four properties comprised of 361 mineral claims. Exploration programs on each of the Klondike Kate properties will commence in early August. For full story, [...]
The gold mining companies, which are members of the South African Chamber of Mines, AngloGold Ashanti, Gold Fields, Harmony Gold and Rand Uranium signed the 2009 wage agreements with unions representing gold sector employees bringing to conclusion the 2009 wage negotiations for the Chamber of Mines gold mining sector. For full story, click here
Exchange-traded funds have attracted $35 billion so far this year, far less than in previous years, but growth is likely to return at a rapid clip once the recession winds down. By comparison, investors have withdrawn $49 billion from mutual funds. Fran Kinniry, a principal in the investment strategy group at Vanguard, stated: If we [...]
Vista Gold is trading 2.4% lower today on volume of 90,464 shares. The stock has traded within a 52-week range of $0.77 and $3.90. For full story, click here
The California Department of Fish and Game has stopped issuing permits for gold miners to use suction dredges in rivers until it develops new rules to protect salmon. For full story, click here
Russia’s largest gold producer, Polyus Gold, declared that its gold output declined 14.4%, in January-June 2009, year-on-year, to 14.9 metric tons. Polyus Gold attributed its reduced output to the decrease in the gold content of ores at its deposits. For full story, click here
The gold mining companies, which are members of the South African Chamber of Mines, AngloGold Ashanti, Gold Fields, Harmony Gold and Rand Uranium signed the 2009 wage agreements with unions representing gold sector employees bringing to conclusion the 2009 wage negotiations for the Chamber of Mines gold mining sector. For full story, click here
Gold has firmed on light physical purchasing, paring the previous day’s slump on receding risk tolerance after a weak U.S. confidence reading suggested consumer demand would languish for some time to come. For full story, click here
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