Apollo Gold Commenced Grey Fox 2009 Drilling Program
Apollo Gold Corporation declared that on August 10, 2009 it commenced the 2009 drilling program on its Grey Fox project and to date three holes have been completed. For full story, click here
Archive for August, 2009
U.S Q2 Gold Demand Surged 10% Despite Weak Jewelry
U.S. gold demand in the second quarter surged 10 percent year-over-year as nearly doubled investment demand offset weaker jewelry purchasing, as per industry report by the World Gold Council released on Wednesday. George Milling-Stanley, WGC’s managing director of government affairs, stated: What you would expect from an economic crisis is depressed jewelry demand all over [...]
Sellers & Buyers Throng Gold Market
By Kishori Krishnan Exclusive To Gold Investing News Its a revamped third five-year pact to limit sales of European central bank gold, complete with a lowered ceiling for planned disposals, but it is seen boosting the investment case for bullion and extending its multi-year rally. The European Central Bank surprised markets last week with the [...]
Russia has planned Gold Mining Expansion
Russia plans to surge its gold output by developing several large deposits in Siberia and the country’s far east. For full story, click here
Newmont Struck Gold at WA Mine
US-based gold mining giant Newmont Mining Corporation has produced first gold and copper concentrate at its new $A3.42 billion Boddington mine in Western Australia. For full story, click here
Inflows into Gold ETF’s Surged 32% year to Date
With exchange-traded funds fast gaining popularity among investors, including those from overseas, Indian ETFs which track gold are witnessing substantial surge in inflows. For full story, click here
Klondike Gold Rush & Gold Price
By Kishori Krishnan Exclusive To Gold Investing News Its a gold rush the likes of which the country has not seen in a long time. Dozens of mining companies have recently staked thousands of fresh claims in an area that once teemed with old-time panners and prospectors moiling for gold after digging and finding the [...]
Sutter Gold Mining Closed $4.25 mln Loan Financing
Sutter Gold Mining Inc. declared that it has closed a secured loan facility in the amount of US $4,250,000 with RMB Australia Holdings Limited, maturing August 31, 2010. For full story, click here
Firm has found Vast Gold Deposits in Singida
An American company announced the discovery of vast gold deposits in Singida Region. Lake Victoria Mining Company declared in its August 6 statement that initial assay results from an underground sampling suggested that gold was present in a five-kilometre strip at a staggering grade of 7.1 grams of the precious metal per metric ton. For [...]
Zijin Mining Copper Prices will gain on Recovery
Zijin Mining Group Company as saying that a recovering world economy and loosening bank credit will bolster copper prices in the H2 of the year. For full story, click here
