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Gold Prices Declines From Record in Asia as Rally Encourages Selling
Gold prices dropped for the first time in three days in Asia as some investors sold the metal to lock in gains after its rally to a record and as the dollar advanced.
Bullion’s 14-day relative strength index has held at more than 70 since Nov. 13, a chart signal that gold prices may be set [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Citigold Plans Provide Acces To Gold Reef Mining Areas Significant Increase In Gold Mining Production
Citigold has advised that the advancement of the western decline will provide the planned access to additional gold reef mining areas from the current workings. These reefs are the Imperial reef and the Sons of Freedom reef.
Exeter Engages Chief Operating Officer and Appoints Two Directors
Exeter Resource Corporation (”Exeter” or the “Company”) is pleased to announce three important appointments:
- Mr. Paul Cholakos has been appointed as Exeter’s Chief Operating Officer, initially based in Argentina;
- Mr. Robert Reynolds has been appointed as an independent director of the Company; and
- Mr. Patrick Esnouf has accepted a position as a director of the [...]
Swiss firm sees a glint of gold in the sands of Cook Inlet
An international prospecting company is reviving the chase for gold in Cook Inlet sands a century after the first attempts didn’t pan out and two decades after most everyone gave up looking.
Hemis Corp., a two-year-old company with offices in Switzerland and Nevada, has paid an exploration company for the right to pick up where it [...]
Bulge bracket firms dominate in Asia
While bulge bracket firms did not dominate the Financial Times/StarMine Awards for Europe in 2006, they certainly did in Asia.
Independent research houses have made significant in-roads in the US and Europe but, judging from the results, when it comes to producing accurate company analysis the emerging markets of Asia require an altogether higher level of [...]
Nickel emerges like noble metal
Nickel prices over the past few years have shown a huge surge buoyed by the concerns of declining global stocks. Strong global demand growth coupled with low inventories has lead Nickel to 15 to 20 year annual average peaks.
Fuelled by the fast developing infrastructure sector, Nickel is expected to continue its peak run. Like gold [...]
Azco Mining Intends to Proceed with Production of Summit Silver-Gold Project
Azco Mining Inc., a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced it will proceed with production of its Summit silver-gold deposit, after receiving positive pre-feasibility study results. Chapman, Wood and Griswold (”CWG”), consulting mining engineers and geologists of Albuquerque, coordinated the study of the Summit deposit in [...]
GFMS Gold Survey Calls For New High
GFMS took the wraps off its much anticipated Gold Survey 2007 report (.pdf), unveiling a bullish call for gold to move above its 2006 high of $725/ounce by the end of this year.
“Quite whether we’d then get close to the all time high of $850 is more doubtful, but I’d certainly expect the upward price [...]
