Gold producer New Gold Inc declared that a wider second-quarter loss as it took a hefty impairment charge tied to its purchase of Western Goldfields, but posted an adjusted profit that topped market expectations. For full story, click here
The directors of Atom Energy Limited declared the signing of a terms sheet agreement to acquire up to 100% of the interest held by Kalgoorlie Mining Associates Pty Ltd in the Kalgoorlie North Gold Project located in the Bardoc Tectonic Zone, in Western Australia. For full story, click here
The future of gold in Western Australia is glowing, with gold explorers making up 50 per cent of successful applications for the State Government’s new Co-funded Industry Drilling Program. Mines and Petroleum Minister Norman Moore stated: It is pleasing to see that gold, once the stalwart of WA’s resources industry, is enjoying a resurgence. For [...]
Greater Pacific Gold has been approved to change its name to Padbury Mining Ltd, which better reflects its focus on exploration for iron ore at the Peak Hill and Mt Padbury areas near Meekatharra in Western Australia. For full story, click here
New Gold Inc. and Western Goldfields Inc. declared the receipt of the final order from the Ontario Superior Court of Justice approving the business combination between Western Goldfields and New Gold. For full story, click here
New Gold Inc. and Western Goldfields Inc. declared that New Gold shareholders have overwhelmingly voted in favour of the previously announced business combination between New Gold and Western Goldfields at a special meeting of New Gold shareholders held today in Vancouver. For full story, click here
Western Goldfields Inc. declared its 2009 first quarter production for the Mesquite Mine and the status of the New Gold Business Combination. Randall Oliphant, Chairman, stated: The start to 2009 has been a very exciting one for Western Goldfields both operationally at Mesquite, as we see production increasing with costs coming down, and strategically with [...]
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 [...]
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