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. [...]
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 [...]
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 [...]
Allied Nevada Gold declared that it is planning to commission its mining and processing operations by mid- 2009, having produced its first gold at the Hycroft mine in 2008. For full story, click here
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Alamos Gold Inc. made a public appearance that it has released its financial results for the year ended December 31, 2008. The Company’s audited consolidated financial statements and management’s discussion an analysis for the year ended December 31, 2008 will be available under the Company’s name at company’s website. For company’s website, click here For [...]
Gold futures finished the October month’s trading with their worst monthly record since early 1983, as a rising U.S. dollar and fund liquidations pounded the yellow metal. For full story, click here
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