Gold prices steadied at around $950 per ounce on Wednesday, propped up by light short covering ahead of the U.S. Federal Reserve’s policy statement at the end of a two-day meeting due later in the day. Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, stated: I think they’re squaring positions. That’s all. [...]
Perseus Mining Ltd declared that it will proceed to mining its flagship Ayanfuri project in Ghana, West Africa, where the junior explorer has defined a large maiden gold reserve. For full story, click here
AngloGold Ashanti Ltd. along with B2Gold Corp. declared that jointly they may initiate building a mine in the Gramalote gold reserve located in the province of Antioquia in North-Western Colombia in 2013. For full story, click here
As an emerging gold producer, San Gold (SGR:TSX-V) is steadily building its production portfolio through continued exploration success on its Rice Lake Project in mining friendly Manitoba. Since it acquired the past producing Rice Lake mine in 2004, the company has nearly tripled its audited gold resources from 550,000 ounces to over 1.6 million [...]
Gold Reserve Inc. announced on an Official Gazette issued by the Government of Venezuela dated May 22, 2009 in which the Venezuelan Ministry of Mines denied the extension of the El Pauji concession. For full story, click here
Emerging gold producer Adamus Resources Limited reported a surge in Ore Reserve estimate to over 1 million ounces at its Southern Ashanti Gold Project in Ghana. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
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 Investors are a worried lot these days. Given that inflation is expected to rise due to the large amounts of money being pumped into the global economy by central banks and governments to boost growth and confidence, the worry lines have just got deeper. The U.S. has [...]
By Kishori Krishnan Exclusive To Gold Investing News The number one issue among gold advocates and proponents today is trying to ascertain the future for gold in 2009 and indeed into 2010. The price of the yellow metal has been on the upswing. After breaking the $940 mark, gold is expected to rise to as [...]
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