Mining Weekly reported that Allied Gold (ASX:ALD) reported a loss for 2011 despite increasing output last year.
Articles Tagged "Allied Gold"
Allied Gold (TSX:ALG,ASX:ALD) anticipates wet and dry commissioning of the 2.5 Mtpa Gold Ridge process plant in February with first gold production expected in the March quarter.
According to United States Geological Survey base estimates, Papua New Guinea has approximately 20 percent more extensive gold resources than Canada. Last year, gold production for the nation was only 65 percent of the total extracted in Canada. Projects in the area may be worthwhile for opportunistic bullish investors as demand for gold has recently pushed its price beyond the much vaunted $1300 per ounce threshold.
Following the most recent positive resolution of the Australian Resources Super Profits Tax debate from the perspective of gold producing, exploring and mining development corporations; it may be worthwhile for gold investors to explore the “land down under” for stocks that could provide strong relative valuations and interesting opportunities.
Allied Gold Limited ABN 86 104 855 067 (TSX:ALG)(ASX:ALD)(AIM:AGLD) reported that the company has compulsory acquisition of the remaining shares in Australian Solomons Gold Limited not already owned by it, pursuant to the Notice of Compulsory Acquisition Following Takeover Bid lodged with the Australian Securities & Investments Commission on January 13, 2010.Accordingly, ASG is now a wholly-owned subsidiary of ALD.
Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) reported the completion of its previously announced public offering of 432,840,000 ordinary shares through a syndicate of agents led by Thomas Weisel Partners Canada Inc. and including Mirabaud Securities LLP, BMO Nesbitt Burns Inc., and CIBC World Markets Inc. The press release is quoted as saying: As recently announced by the [...]
Allied Gold Limited (ASX:ALD)(AIM:AGLD) today announced that the company has received conditional approval from the Toronto Stock Exchange for the listing of its ordinary shares on the TSX. The press release is quoted as saying: Allied Gold is an Australian-based gold production company listed on the Australian Stock Exchange (“ASX”) and AIM, a market operated [...]
(Metal Markets), Allied Gold, the Australian and London listed miner, has reported a strong gold strike at Pigiput East, which forms part of its 100% owned Simberi gold project in eastern Papua New Guinea. Full Story.