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Takara Resources Acquires Gold Mining Project Owned Victoria Gold
Victoria Gold approve acquisition offer by Takara Resources for gold mining project in Guyana, South America. Gold mining project is managed by a subsidiary of Victoria Gold, StrataGold Guyana Inc. To get the gold mining project Takara Resources to Guyana for 21.8m shares to Victoria Gold.
Acquisition of 21.8m shares representing approximately 56% of Takara’s capital [...]
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 [...]
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.
Nomura Holdings Inc Research : Iron Ore Contract Prices and Coking Coal has doubled in 2010
Nomura Holdings Inc. reported the results of research on changes in iron ore contract prices in 2010. Nomura Holdings estimated contract iron ore prices in 2010 will increase by 70%. While banking institutions estimate the iron ore price will rise 40% – 50%.
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 [...]
Gold Resource Additional Drill Rig to Accelerates Exploration at El Aguila Project
Gold Resource Corporation is pleased to announce an additional drill rig to accelerate exploration at its El Aguila Project, located in Oaxaca, Mexico.
Gold Resource Corporation expands its exploration program at its El Aguila project signing a new 6000 meter drill contract. GRC’s drill contractor, GeoDrill S.A. de C.V., has delivered the second drill rig to [...]
Stirling Resources to Complete Agreement Recapitalization Monarch Gold
West Australian resources developer Stirling Resources advises it is completing funding and documentation arrangements for the A$15m recapitalizations of Monarch Gold with formal settlement to occur later this week.
Settlement date for the transaction is set for 26th February 2010 and on completion Stirling will own and control 35% of Swan Gold Mining Limited (the renamed [...]
ValGold Reports Additional Drill Results for the Garrcon Area, Garrison Gold Property, Ontario
ValGold Resources Ltd. is pleased to announce additional drill results from holes six, seven, and eight of the 2009 diamond drilling program on its 100%-owned Garrison gold property. Northern Gold Mining Inc. is the operator of the exploration program and is in the first year of an option agreement under which it is earning its [...]
