By Kishori Krishnan Exclusive To Gold Investing News The recent rally in American and Canadian equity markets is soon to give way to a gut-wrenching collapse that will push equities to shocking new lows, with gold prices reacting by rallying to new highs. After having correctly anticipated the timing and extent of the March 9th [...]
Gold and copper miner Northgate Minerals Corp reported that it exceeded its quarterly gold production forecast, helped by higher-than-expected ore grades and metal recoveries at its Australia-based Kemess mine. For full story, click here
Precious metals royalty manager Royal Gold Inc. declared that it has netted more than $235 million in a public offering of shares it will use to purchase an interest in gold production. For full story, click here
Annual gold production for UME has risen around 95,000 ounces, and the company boasts about 700,000 hectares of exploration concessions. For full story, click here
Global gold mine supply contracted by almost 3% in 2008 resulting in production levels slipping to a 12-year low. For full story, click here
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 The United States is firing up the printing presses. This desperate move means the value of the dollar is destined to disintegrate. What this also means is that gold will decline on a muscular US dollar, profit-taking, technical selling and potentially deflationary economic data. The yellow metal [...]
Africa’s second- largest producer of the metal, Gold Fields Ltd., forecast a 4 percent rise in total third-quarter production to 871,000 ounces, with eight of its nine mines increasing output. For full story, click here
CGA Mining Limited announced that it has completed a $25 million raise to augment its current cash position. The company is building the $170 million Masbate Gold Mine in the Philippines, which is expected to begin producing in excess of 200,000 ounces annually of gold by Q209. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold for April delivery, the most actively trading contract, ended at $942.50 on the Comex division of the New York Mercantile Exchange on Friday. The metal surpassed $1,000 an ounce the previous Friday, but last it has lost $60. The contract rose 7.4 per cent this month. [...]
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