Category: Commodities
Gold stocks will outperform gold commodities
In the second half of 2011, investors in gold commodities suffered mightily. After rising to a high of $1,923 per ounce in early September, gold was down 18% at year-end. Even so, investors gained 10% for the year.
Calif. man charged with running illegal gold mine
This wasn’t the Eureka moment he banked on. A man who state and local officials say is running a massive illegal gold-mining operation in California’s Sierra Nevada surrendered Thursday to face 14 criminal charges of operating without permits and polluting a creek.
North Arrow Minerals signs letter of intent to acquire copper and gold mine in Chile
Canadian Business reported that North Arrow Minerals Inc has signed a letter of intent to acquire 100% interest in the El Tesoro project in Chile to help it acquire new copper and gold resources.
Pilot Gold builds up case for Long Canyon part-deux
A trio of geologists that led Fronteer Gold to glory, add substance to their contention the Kinsley Mountain project bears likeness to their former baby, Long Canyon, now held by Newmont.
Golden age for Newcrest as it rakes in net profits at a rate of $110 million per month
When asked if shareholders could be rewarded with a special dividend Newcrest chief executive Greg Robinson said such a move was ”always on the cards” in times of plenty.
De Beers expects dull year for diamonds despite sales increase of 27%
Diamond demand will slow down significantly in 2012 said today De Beers SA, the world’s largest supplier of rough diamonds, due largely to the weak global economy.
Colorado Resources announces Kinross enters into Red Sky joint venture
COLORADO RESOURCES LTD. (TSX VENTURE:CXO) (“Colorado” or the “Company”) is pleased to announce it has completed $500,000 of expenditure requirements under the terms of an Exploration Agreement with Kinross Gold Corporation (TSX:K)(NYSE:KGC), one of the world’s leading senior gold producers.
WEST KELOWNA, BRITISH COLUMBIA–(Marketwire – Feb. 10, 2012) – COLORADO RESOURCES LTD. (TSX VENTURE:CXO) (“Colorado” or the “Company”) is pleased to announce it has completed $500,000 of expenditure requirements under the terms of an Explo…
DiamondCorp walks away from its Botswana kimberlite project
DiamondCorp (LON:DCP), the African diamond mine development and exploration company, will not proceed with further exploration in Botswana due to the recovery of low grades in the area, announced the company today.
China secretly raised its gold reserves
China disclosed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes and confirming years of speculation it had been buying.
Allied Nevada signs major new order with FLSmidth
FLSmidth has been awarded a contract worth approximately $82 million from the company Allied Nevada Gold to supply equipment and services for its major Hycroft gold mine expansion.
