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Gold Prices Rises, Profits of Gold Producers Barrick Gold Expected To Rise
Increase in gold prices affect producer profits in gold and gold mining company. One of the largest gold producer Barrick Gold Corp. reported profits in this year will increase sharply, as gold prices rose sharply. In previous years the company suffered a loss of $ 468 million. But this year, profits in the fourth quarter [...]
Gold Price Rallies as Macquarie Raises 2010 Gold Forecast to $1,150
The price of gold has settled into a lower range after climbing into the all-time high of $ 1226 per ounce as gold prices and gold mining stocks have been facing the headwind of a stronger U.S. dollar. Correction recently gold prices have fallen $ 115 from the high-December 3 this morning for a low [...]
Sino Gold Increases Production Target From Five Gold Mines By 2012
Sino Gold is targeting to launch as many as five gold mine to increase its Jinfeng, White Mountain and Eastern Dragon projects, may overtake India as the world’s top consumer of gold this year, the World Gold Council said on July 24.
Global Downturn Impact, Mining Companies Slowdown Mine Production and Cut Mining Jobs
Mines and Geosciences Bureau (MGB) official said last week, “[The jobs to be generated] might be 40% lower because many companies have slowed production and development”.
Royal Gold Closes Pascua Lama Royalty Transaction
ROYAL GOLD, INC. today announced that is has closed its $20.5 million transaction with a private individual to acquire a sliding-scale net smelter return (”NSR”) royalty on the Pascua Lama project, as previously announced on January 17, 2007. The Pascua Lama project, located on the border between Argentina and Chile, is owned by Barrick Gold [...]
Tournigan shows more high-grade uranium mineralization at Jahodna
Tournigan Gold Corporation is pleased to announce that it has recently received uranium assay results from three additional drill holes of the fourteen-hole, 6200-metre diamond-drill program completed at its 100%-owned Jahodna uranium exploration license in Slovakia. Results received from holes KG-J-6, KG-J-7, and KG-J-8 bring the current number of Jahodna drill holes with completed assay [...]
