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Gold Mining Company Financial Results : Eldorado Gold Corporation Net Income $102.4 million, Gold Sales Increase 29 Percent
Gold sales up 29 percent; Cash Flow $0.38 per share; Earnings $0.26 per share.
Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, is pleased to report on the Company’s financial results for the fourth quarter and for the year ended December 31, 2009. Eldorado reported net income of $33.3 million or $0.08 [...]
Mine Development by Barrick Gold Temporarily Halt, Waiting Analysis Environments Results
Barrick Gold Corp.’s expansion of a Nevada mine must be halted until the federal government completes an environmental analysis to comply with an appeals court order, American Indian tribes said today.
An appeals court in San Francisco on Dec. 4 ordered U.S. District Judge Larry Hicks in Reno, Nevada, to limit production from the mine pending [...]
China Shenhua Energy to Continue Bid Coal Exploration Projects in Tavan Tolgoi, Mongolia
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia’s massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has been billed the world’s largest untapped coking coal resource.
Shenhua’s President Ling Wen’s comments on Tuesday came after Mongolia said it had cancelled the [...]
Bjorkdal Gold Mine First Quarter Operational Results
Gold-Ore is an international mining and exploration company with one operating gold mine and several gold and base metal exploration properties at various stages of development.
The Bjorkdal Gold Mine and the company’s exploration properties are all located in the safe, highly developed and mining friendly jurisdiction of Sweden. Bjorkdal, is currently producing gold from both [...]
Bullion Monarch Mining Income Third Quarter Report : Revenues Increased 49 percent, Increase Volume from Newmont Mining Operation
Precious metals royalty and resource development company, Bullion Monarch Mining announced record quarterly revenue of US$1.5 million for the company’s third quarter ended January 31, 2010, up approximately 49% from the same period in 2009.
The jump in revenues was due to increased grades and volume at the Leeville underground gold mine in Nevada’s Carlin [...]
Premier Gold Mine Discovers Two New Gold Mines in Northwestern Ontario
Premier Gold Mines announced the discovery of two new gold mines at Hardrock company in Northwestern Ontario Project. This new zone is within 200 meters from the surface and is located west and south of the previously mined zone at Hardrock, a joint venture with the Goldstone Resources in the Premier holds 70% interest. Initial [...]
Gold Mining Company Financial Results : Gold-Ore Successful Transition to Profitable Gold Production
Gold-Ore Resources Ltd. announces that it has released its financial results for the year ended November 30, 2009. The Company’s audited consolidated financial statements and management’s discussion and analysis for the year ended November 30, 2009 are available.
Report Net Income of International Minerals Corp. In Q2
International Minerals Corporation is engaged in precious metals exploration, development silver and gold mining deposits in Peru and Ecuador.
The company reported quarterly production of 2.7 million ounces of silver and 10,244 ounces of gold from Pallancata Mine. The results showed increased 9% from the previous quarter ended September 30, 2009, which produced 2.5 million ounces [...]
AngloGold to Cut Production and Mining Exploration Cost In South Africa
Gold producer in South Africa is working to increase gold production to benefit from rising gold prices. But at the same time South African gold producers face problems of increase in labor costs. But this year, gold producers are planning a decrease of production costs and exploration of gold mines in South Africa.
AngloGold Ashanti Ltd., [...]
