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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 [...]
Gold Prices Steady Near Two-Week Highs
Gold prices steadied near two-week highs on Wednesday after rallying on a rise in the euro the day before, with investors continuing to take their cue from the single currency for direction.
In the near-term, if investors keep cutting short positions on the view they had sold the single currency too much on worries about Greece, [...]
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., [...]
Subsidiary Caledonia Mining Corp. Get Gold Dealership License For Gold Sales Directly
Gold Dealer License is a license granted to a company that produces gold to be exported directly in gold and gold bullion to the refiner. Zimbabwe gold producer Gold mendapatjan hope Licensi dealership will be able to export them directly to a gold refiner ririskiky choice. One of the mining companies operating in Zimbabwe, Caledonia [...]
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 [...]
Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
Investors Bet On Upbeat Prospects For Asian Gold Mining Companies
Gold miners enjoyed a sizable rally Wednesday, particularly in Australia and China, with prices for the precious metal climbing to a fresh record high and growing speculation that Beijing will boost its gold purchases to offset the U.S. dollar’s decline.
“Everything is working in gold’s favor,” said Cameron Peacock, a market analyst at IG Markets in [...]
Gold Prices Declines From Record in Asia as Rally Encourages Selling
Gold prices dropped for the first time in three days in Asia as some investors sold the metal to lock in gains after its rally to a record and as the dollar advanced.
Bullion’s 14-day relative strength index has held at more than 70 since Nov. 13, a chart signal that gold prices may be set [...]
Anglogold And Randgold Joint Venture To Acquire 20 Percent More Shares Of Gold Mining Project In Congo
Two of the largest gold mining company Anglogold Ashanti and Randgold Resources a joint venture to acquire 20 percent more shares Moto gold mining projects from Okimo. The funds will be issued by both companies to get the Moto gold mining stocks approximately $ 113.6 million.
