Goldcorp Inc. is hiking its capital budget this year, including improvements at its flagship Red Lake mine in Ontario and Eleonore development in Quebec. Goldcorp president and CEO Chuck Jeannes stated: The resulting increases in margin and cash flow leave us well positioned to invest in our exciting growth projects. For full story, click here
Über mining investor Rob McEwen, the CEO of U.S. Gold and co-founder of Goldcorp, has decided to form his own index of exploration-stage junior gold miners. For full story, click here
As an emerging gold producer, San Gold (SGR:TSX-V) is steadily building its production portfolio through continued exploration success on its Rice Lake Project in mining friendly Manitoba. Since it acquired the past producing Rice Lake mine in 2004, the company has nearly tripled its audited gold resources from 550,000 ounces to over 1.6 million [...]
GoldCorp, Canada’s leading gold mining company has lost its bid for $50 million in compensation it sought because U.S. environmental restrictions limited its operations. For full story, click here
Bold Ventures (CVE:BOL) annouced today that it has completed a letter of intent with JK Gold Mexico to acquire a 50% stake of a number of properties in Mexico. Included in the land package is the Causas projects which is contiguouse and along strike to the San Dimas gold and silver mine operated by Goldcorp [...]
By Kishori Krishnan Exclusive To Gold Investing News A deal was approved on Thursday by Kyrgyzstan’s lawmakers to double the government’s stake in a gold mine that is one of the impoverished Central Asian country’s biggest sources of revenue. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the [...]
By Kishori Krishnan Exclusive To Gold Investing News Though 2009 is slated to be another challenging year for gold, most gold producing companies are securely placed to benefit from gold’s continued strength. Take the case of Randgold Resources Ltd, (NASDAQ:GOLD, LON:RRS) the owner of gold mines in West Africa, which has announced upgrades. The company [...]
By Kishori Krishnan Exclusive To Gold Investing News With friends like these, who needs enemies? Silver and gold have a new best friend amongst their midst – Ben Bernanke. His pronouncement has engineered one of the last decade’s most dramatic turnarounds, with gold price leaping nearly 60 bucks and silver joining in the melee with a [...]
By Kishori Krishnan Exclusive To Gold Investing News The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total collapse is seen by the [...]
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
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