Sabina Gold to Sell Some Nunavut Properties to Xstrata
Reuters reported that Xstrata (LON:XTA) intends to buy the Hackett River property from Sabina Gold (TSE:SBB).
Reuters reported that Xstrata (LON:XTA) intends to buy the Hackett River property from Sabina Gold (TSE:SBB).
Australia is home to approximately 10 percent of world economic gold resources and is ranked third after South Africa and the USA. It is also the world's third largest producer.
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.
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