Barrick Gold Corp., the world’s leading gold producer, declared that its first-quarter net income slipped 28 percent, citing lower realized prices and higher costs compared with the prior-year period. For full story, click here
Canadian Venture and OTC Bulletin Board listed Hawthorne Gold Corporation reported that it has two advanced stage gold projects in British Columbia and is expected to be in production by the end of 2009. For full story, click here
Blackmont commenced New Gold Inc with a buy, and reported that the gold producer has a solid stable of assets in mining-friendly jurisdictions that should provide steady production and cash flow growth. For full story, click here
Allied Nevada Gold declared that it is planning to commission its mining and processing operations by mid- 2009, having produced its first gold at the Hycroft mine in 2008. For full story, click here
China’s largest gold producer, Zijin Mining Group Co, surged 9.97 percent to 10.92 yuan after profit rose 20 percent. For full story, click here
A Hong Kong-listed gold producer, Zhaojin Mining Industry Co, has announced its plans to spend 500 million yuan that is $73.09 million on acquisition of mining assets this year to boost its reserves, down from last year’s 780 million yuan. For full story, click here
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