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Barrick Gold and Xstrata in Gold-Copper Mine Property Sales Case in Chile
The case of property purchase gold and copper mine in Chile by Barrick Gold Corp. will drag Xstrata Plc. Barrick Gold an agreement on January 7 which agreed to promote the new Goldcorp Gold $ 463 million to let him buy a 70 percent stake in the El Morro property from Xstrata Plc. Goldcorp also [...]
Mining Trade Review : Gold, Copper and Nickel Improve as US Dollar Eases Against Euro
Gold mirrored crude oil’s movement and also got close to Monday’s levels, standing just short of US$1,120/oz on Saturday after slipping below US$1,100/oz during the week amid stronger US dollar.
The US dollar was under pressure on Monday and Tuesday following last week’s move by the Federal Reserve, which hiked the discount rate by 25 basis [...]
Newmont Mining Gold Producer Reports Earnings Exceed Estimates
Newmont Mining Corp. is one of the largest gold producers in the world. The company reported profits until the fourth quarter sharp jump in excess of Wall Street estimates, the company’s revenue doubled on record prices for precious metals.
Gold production generated by Newmont rose 10 percent on the year and estimated gold production in 2010 [...]
Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
Canada Stocks Fluctuate as Gold Mining Companies Slips, Energy Producer Rise
Canadian stocks swung between gains and losses as energy producers rose and gold mining companies fell as the precious metal retreated from a four-week high.
Canadian Natural Resources Ltd., Canada’s second-largest energy company by market value, advanced 0.8 percent after analyst Brian C. Dutton of Credit Suisse Group AG raised his rating on the stock to [...]
New Gold Completes Purchase of El Morro
The El Morro project lies in the centre of a huge legal dispute, but New Gold Inc. went ahead and bought it anyway.
Yesterday, the Vancouverbased miner said it closed a transaction to buy 70% of El Morro, a copper-gold deposit in Chile, from Xstrata PLC for US$463-million. It then transferred that stake to Goldcorp Inc., [...]
Delta Signs Agreement to Acquire Delcer Buttes Gold-Copper Property in Nevada
Delta Mining and Exploration Corp. is pleased to announce that it has signed a binding agreement with Amigo Inc. and Mr. Garry Carlson for the acquisition of a 100% interest in the Delcer Buttes gold-copper property in Elko County, Nevada.
Basic Terms of the Agreement
Delta will own a 100% undivided interest by issuing seven million common [...]
Source Gold Received Reports Of Gold Content Of Samples From A Gold Mine In Northwestern Ontario, Canada
Source Gold Corp.. Accurassay laboratories in cooperation with the reported results of sampling studies of the gold content of gold mines in the Beardmore-Geraldton area Greenstone Belt, Northwestern Ontario, Canada.
Gold Mining Company New Gold Reported Gold Production In The Third Quater 2009 Increased 16 Percent
New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.
