By Kishori Krishnan Exclusive To Gold Investing News Are mining mergers back in the fray? Crocodile Gold Inc has reportedly arranged a $35 million syndicated equity financing related to its plan to merge with Franc-Or Resources Corp (TSX:FOR) and develop mining assets in Australia. Crocodile Gold is a private Canadian company that recently completed the [...]
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 [...]
Reuters reports gold has a bright outlook with industrial demand for the metal and renewed interest in gold futures by stock market fugitives says a director at AngloGold Ashanti, the world’s third-largest gold miner. “We are excited about the future because we think it has a place in the stability of the different currencies and there is a [...]
Reuters(africa) reports AngloGold Ashanti wants to increase gold production by 21% to 435,000 ounces of gold from Obuasi mine, Ghana. During an interview, Christian Rampa Luhembwe, AngloGold VP for West Africa says: “For the first time since 2004, Obuasi is moving ahead of budget by August. We’re seeing an exciting turnaround in operations.” For complete story, click this [...]
Dorato Resources report that initial sampling has confirmed the presence of widespread gold – silver mineralization on its El Tambo property, Cordillera del Condor Project, Peru. The results range from barren rock to 52 g/t gold. 35 samples of obviously mineralized structures and veins range from anomalous to 52 g/t Au and average 16.38 g/t gold [...]
MarketWatch reports AngloGold Ashanti’s board of director, Simon Thompson has resigned with effect from 28 July 2008. Chairman of AngloGold Ashanti, Russell Edey comments: “Since his appointment in 2004, Simon has provided invaluable guidance and support to the deliberations of the board. His resignation allows him the opportunity to pursue new opportunities and challenges. On behalf of the [...]
Reuters reports AngloGold Ashanti shares jumped more than 7 percent after it announced it had stopped its forward gold contracts this year to take advantage of rising prices. AngloGold, the world’s third biggest gold producer, said on Monday it cut its gold hedge by 39 percent or 4.4 million ounces from 11.3 million ounces at the start of the year, using [...]
AngloGold Ashanti reports that it has made substantial progress ahead of schedule in the reduction of its hedge book. The company capitalised on a weaker gold market during the second quarter in order to execute a combination of delivery into and early settlement of non-hedge derivative contracts. The number of committed ounces was reduced by 4.4 [...]
Bloomberg reports the world’s third-biggest gold producer, AngloGold Ashanti cut its forward sales contracts by 39 percent in the first half to benefit from high prices for the metal. AngloGold made “progress ahead of schedule in the reduction of its hedge book, to benefit from improved participation in the spot gold price earlier than anticipated,” the Johannesburg-based company [...]
(Share Data), Further to the announcement dated 23 May 2008, the rights offer circular was posted to all shareholders of record as of 6 June 2008 on 9 June 2008. Full News.
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