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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 [...]
Gold Prices Flat as US Dollar Pares Gains on US Data, Mining Stocks Mixed
Spot gold prices once again were steady around US$1,125/oz after showing yet more volatility yesterday, when the yellow metal slipped below US$1,120/oz after almost reaching US$1,135/oz, largely in response to movements in the currency markets.
Gold fell after the euro weakened against the US dollar on comments from a Greek official, who said that the country [...]
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 [...]
Barrick Gold Operation Continued Bulyanhulu Gold Mine in Tanzania
Bulyanhulu gold mines had closed several days due to a fatal accident, three miners trapped 900 feet below ground and can not be saved. Bulyanhulu gold mine is a gold mine operated African Barrick Gold. But on Friday, African Barrick Gold has announced that the Bulyanhulu gold mines have been operating again.
African Barrick Gold said [...]
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%.
