Oromin Updates OJVG Project
Oromin Explorations Ltd. (TSX:OLE,OTCBB:OLEPF) announced it is undergoing updates to the Mineral Resource and Reserve and Feasibility studies on its OJVG gold project.
Articles Tagged "Gold Company News"
Gold Price Lower on Weak China Growth
Gold prices weakened earlier this week as a result of China reducing growth estimates to an eight-year low of 7.5 percent. On a relative basis, the current price of gold represents a 1.2 percent total decline from last week.
Gold Rush 2.0: Prospecting in Alaska, Wisconsin and Beyond.
From Alaska to Scotland, surging gold prices and economic doldrums are pushing miners to strike for yellow metal wealth.
Iamgold Plans Rosebel Expansion
Globe and Mail reported that Iamgold (TSX:IMG) is planning to expand its Suriname-based Rosebel gold mine.
Investment Opportunity: Gold Juniors Could Benefit from Canada’s Withdrawal from Kyoto Protocol
Canada withdrawing from the Kyoto Protocol on the basis of supporting economic importance over environmental interest may be a strong investment opportunity for investors interested in junior gold exploration and development companies.
Haiti’s Gold Mining Potential
With gold prices climbing ever higher and a new regime in place, Haiti may finally be able to realize its gold potential, but risks still remain.
Can Gold Help to Resolve the Eurozone Debt Crisis?
Debate over the potential of extensive gold reserves held by central banks to resolve the euro zone's economic problems have been pervasive in recent months just as fear of exposure to the sovereign debt crisis has grown. In fact, reports of the German central bank liquidating some of its gold reserves for the first time in almost a year have surfaced, selling 150,000 troy ounces in October.
Shandong Gold Eyes Jaguar Mining with $785 Million Offer
Chris Ecclestone, Mining Strategist, explained the potential for gold mining companies, “the interesting thing is that Chinese enterprises in the past have roamed the world searching for base metals and products that they can take back to the mother land. In this case a purchase of a gold company in Brazil, it is definitely a mold breaker. It means that potentially all gold stocks within a certain size are fair game.”
Increase in Net-Long Positions Suggests Gold Poised to Rally
CFTC data suggests that hedge funds are holding their biggest bet on higher prices since mid-September. Money managers raised their combined net-long position in US futures and options by 6.8 percent to 148,279 contracts in the week ended Nov. 1.
Gold Down on Eurozone Uncertainty
Gold followed the equities lower on Friday, as discord among the G20 leaders on boosting the IMF’s firepower to fight the Eurozone debt crisis led to investor apprehension.
