Grand T G Gold declared that its revenue was HK$11.5 million for the three months ended 30 June 2009, dipped 82.4% year-on-year. Net loss was HK$20.7 million, compared to a net profit of HK$5.07 million last year. Loss per share was 0.84 HK cents versus earnings per share of 0.12 HK cents. The board does [...]
Caught in low literacy rates, high unemployment and foreign debt, Ghana is reliant on its select few commodity sectors for revenue. For full story, click here
Trilliant Exploration Corp., a fully operational and producing gold mining company based in Southern Ecuador, today declared revenue estimates from gold sales for April, May and the first half of June 2009. For full story, click here
Kyrgyz lawmakers has approved a deal to double the government’s stake in a gold mine that is one of the impoverished Central Asian country’s largest sources of revenue. For full story, click here
Gammon Gold Inc. reported that it has earned $21.8 million in its latest quarter, a rise from a loss a year ago, helped by a 22 per cent surge in revenue. For full story, click here
Revenues from gold sales have gone up equally in the same period, showing that although consumers may be buying slightly less, the prices are more than compensating for it. For full story, click here
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
Louvem Mines Inc. said the revenues were $3,791,438 for Q3, compared with $1,407,223 during the same period last yera. In all 4,001 ounces of gold were sold at an average price of US$922 (CAN$939) in Q3. For full story, click here For company’s website, click here
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