South Africa Gold Stocks Drop
Bloomberg reported that mining stocks in South Africa fell as gold entered a bear market.
Articles Tagged "anglogold ashanti"
AngloGold Cuts 10-Year Plan to Extend World’s Deepest Mine
Bloomberg reported that AngloGold Ashanti (NYSE:AU) is trimming risk by cutting plans for an extension of the world's deepest mine.
AngloGold Cuts Production Forecast, Switches to Paying Quarterly Dividends
Bloomberg reported that AngloGold Ashanti (NYSE:AU) lowered its expected production target by 9%.
AngloGold Starts Paying 30% Tax Rate in Tanzania
Reuters reported that Tanzania is charging 30% corporate tax to AngloGold Ashanti (NYSE:AU) on its Gelta mine.
Hedge Fund Manager Confirms Bullish Gold Investment Thesis
Traditionally, money managers occupied in more generalized investment mandates often ignore precious metals and dismiss gold. Finding a gold fund that invests in gold is relatively easy, but finding a prominent hedge fund that is heavily predisposed to investing in gold is indeed a more rarified jewel.
AngloGold Sees Stronger Second Half Peformance on Efforts to Meet Targets
Bloomberg reported that AngloGold (NYSE:AU) will increase efforts to meet targets in the second quarter.
Gold Mining in Ghana
Ghana is Africa’s second biggest producer of gold, and hosts more estimated reserves than such prolific gold producing nations as Peru and Papua New Guinea. Last year, production rose more than 12 percent, with output at the country’s two biggest mines increasing.
Gold Mining in Russia
Russia has the third most extensive gold resources in the world and was the fifth largest gold producer in 2009. The total numbers of exploration enterprises are also considerably under represented by junior gold companies, compared with activity in other mining jurisdictions.
Gold Mining in South Africa
Gold and diamond discoveries played an important part in the growth of the early Republic of South Africa, and historically the country was the world's largest gold producer for many years and continues to possess the world’s largest quantity of gold reserves at 6000 tonnes.
Gold Assets in Brazil
Despite only being responsible for total production of 2.1 percent of global mining of the yellow metal in 2009, the measured and indicated gold reserves in Brazil may offer investors an attractive value proposition with the USGS estimating 2,000 tonnes, or approximately 4.3 percent of the world’s reserve.
