American Bonanza (TSX: BZA) released the results of a Feasiblity Study today at their 100% owned Copperstone project in Arizona. Based on a gold price of $962/oz, the internal rate of return (IRR) is said to be 96.3%. The study sets the Proven Reserves at 255,000 ounces of gold and Probable Reserves at 1,178 ounces. [...]
A 1% net smelter return royalty on production from the Atlanta gold mine, which is currently under development, has been purchased by Atlanta Gold Inc (TSX: ATG). Earlier, in 2003, a 2% royalty was granted to Canadian American Mining Company LLC when the company acquired the remaining 20% participating interest in the property from CAMC. [...]
Gold produced from panning and small-scale mining still accounts for about 80 percent of the total output of this precious metal in the country. For full story, click here
Kirkland Lake Gold Inc. declared a surge in fourth-quarter profit and also posted a 45% surge in gold production during the quarter. Harry Dobson, chairman commented, stated: Expansion of the underground work force will continue over the next fiscal year and will ensure the Company is well positioned for a successful 2010 fiscal year in [...]
Russian gold producer Peter Hambro Mining Plc. declared that it expected full-year production to be towards the upper end of its prior forecast as output for the first five months had been slightly above plan. For full story, click here
Production at gold major Gold Fields’ Driefontein mine, near Carletonville, resumed on Tuesday afternoon, following the death of two workers on Saturday morning. For full story, click here
Yamana Gold Inc. declared that it is optimistic on its Q2 production output as it expects production to zoom ahead as it is on track as scheduled to meet its full-year target of around 1.3-1.4 million gold equivalent ounces for 2009. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
Overview Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata [...]
Since its incorporation in late 2005, Pediment Gold Corp., has moved two projects from grass roots exploration into mine and resource development, and expanded its portfolio of exploration targets through acquisition and staking. For full story, click here
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