Anglo Swiss Resources (TSX:ASW) reports that it has teamed up with Klondike Gold Corp in a joint venture, whereby Anglo Swiss will earn upto 60% interest in Klondike’s Ron Gold property. The Ron Gold Property consists of 37 contiguous staked mineral claims and one crown granted mineral claim covering 1,492 hectares. Consideration from Anglo consists [...]
Centerra Gold reports an update on its Kumtor mine in Kygryzstan. The company has lowered its production target by 17% from the earlier target of 560,000 to 600,000 ounces. The decision sent its shares tumbling by 4%. The press release is quoted as saying: At the Kumtor mine, the accelerated waste and ice movement experienced [...]
Minco Gold (TSX:MMM) announced today that Accel China Grouth Fund II has agreed to purchase 5,000,000 shares at $0.88 per share for total proceeds of $4.4 million. The financing was not brokered and represents 10.3% of the issued and outstanding shares of Minco Gold. The press release is quoted as saying: The net proceeds from [...]
Nortec Ventures (CVE:NVT) annouced today that they have signed a memorandum of understanding to acquire the Seinajoki gold project in Finland. The propsect was first discovered by local prospectors who discovered mineralized bolders assaying as high as 500 g/t Au. Click here for the full press release including details of the MOU.
By Kishori Krishnan Exclusive To Gold Investing News Is it time to buy? Gold’s latest move above the $1,000 mark has stoked the long-standing debate between mining stock aficionados and bullion fans – what exactly is a better investment – gold bullion or gold mining shares? Going by a year-to-date basis, bullion’s performance lags that [...]
By Kishori Krishnan Exclusive To Gold Investing News Spanish philosopher George Santayana had warned: “Those who cannot remember the past are condemned to repeat it.” The same could hold true for gold. The interest in the yellow metal is based on the fact that the price of gold has risen more than $700 since 2002. [...]
By Kishori Krishnan Exclusive To Gold Investing News South Africa-based Gold Fields Ltd (NYSE:GFI) has disposed of its minority stake in Vancouver-based Eldorado Gold Corp (TSX:ELD) for the equivalent of C$323 million or $11.61 per share. That’s below Thursday’s closing price of C$12.30 on the Toronto Stock Exchange, but about $1.30 above Eldorado’s stock price [...]
By Kishori Krishnan Exclusive To Gold Investing News Investors in gold could see their assets surge in value during September, as the month traditionally sees a sharp rise in demand for the precious metal. Gold has seen an increase in value during September for 16 of the past 20 years, with prices jumping by more [...]
By Kishori Krishnan Exclusive To Gold Investing News Money flows are being watched. Gold hit $955 an ounce on Tuesday in Tokyo, as Chinese stock markets showed signs of stability and oil prices gained ground. The precious metal dropped 0.5 per cent the previous day on selling by short-term investors due to caution in the [...]
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