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.
Kinross Gold Corporation (TSX:K)(NYSE:KGC) reported that the company has declared a dividend of US$0.05 per common share, payable on March 31, 2010 to shareholders of record at the close of business on March 24, 2010.This dividend qualifies as an “eligible dividend” for Canadian income tax purposes. The press release is quoted as saying: Kinross is [...]
Teryl Resources (TSX-V:TRC) reported today their latest drilling results at the Gil deposit which they are joint venturing with Kinross Gold (TSX:K). Results include up to 4.38 grams per tonne over 32 metres. John Robertson, the President of Teryl is quoted saying: …several other exploration targets have been identified but not fully tested on the [...]
By Kishori Krishnan Exclusive To Gold Investing News Toronto’s main stock index TSX closed lower on Monday after four straight positive sessions, as gold miners retreated on lower bullion prices. The price of gold slid below $945 an ounce on pressure from a firmer US dollar. Shares of Kinross Gold (K.TO) fell 1.5 per cent [...]
The Alaska Journal of Commerce reports on Kinross Gold’s (TSE:K) plans for exploration and expansion at it’s Fort Knox gold mine in Alaska. Included in the plans is 16,000 feet of drilling at the Gil prospect joint owned with Teryl Resources (CVE:TRC). Arne Bakke, chief exploration geologist at Fort Knox is quoted saying: We’re evaluating other [...]
Teryl Resources (CVE:TRC) annouced today that drilling has commenced on the Gil claims in Alaska. The claims are owned and operated with Kinross Gold (TSE:K) with a 80/20 split, 20% to Teryl. Teryl states that 3,000 meters or reverse ciculation drilling and 1,800 meters of core drilling are planned. Click here for the full release.
By Kishori Krishnan Exclusive to Gold Investing News A slight drop in prices is a good time to shore up. Last Friday, gold futures surged above $1,000, the highest level since last March. This week though, gold slipped back. But worries about long-term inflation caused by the massive U.S. stimulus package may push it up [...]
MAX Resource Corp. is focused on exceptional gold exploration opportunities in Nevada. MAX has a diversified portfolio and plans to drill on three of their properties in 2010.
By Kishori Krishnan Exclusive to Gold Investing News It might be the best buy signal you’ll ever see for the gold-mining sector. Since October, demand for gold coins and bars has soared so much that dealers can hardly find any to sell right now. If they can find it, the premium can run as high [...]
By Kishori Krishnan – Exclusive to Gold Investing News The results are daunting. Barack Obama’s victory in the U.S. presidential election and Democrat gains in Congress did not do much for the yellow metal. Gold declined in Asia on speculation that the move would speed the dollar’s recovery against the euro. The currency climbed against [...]
Monday, August 2, 2010