GOLD NEWS

BUYOUT ACTION

Kinross to acquire Underworld Resources at a 36% premium

Friday , 12 Mar 2010
Kinross says the deal, which values the exploration company at C$139.2m will help it expand its asset base in northwest North America
2009 NET EARNINGS DROP to $240M

Goldcorp's project pipeline, acquisitions to yield even more gold ounces in 2010

Friday , 12 Mar 2010
Goldcorp says 2009 operating cash flow exceeded $1.2 billion, thanks to record gold production.
‘EVERYBODY WANTS TO GET TO THE NEXT LEVEL'

Capital Gold still dreams of growing big

Friday , 12 Mar 2010
The small gold miner, nearly bought out for C$0.76 a year ago is now mulling its options which include, acquisitions, and the prospect of looking for a new suitor.
$175M FOR PROJECT DEVELOPMENT, EXPLORATION

Paulson, Soros hedge funds complete NovaGold investment

Friday , 12 Mar 2010
Despite years of struggling, NovaGold has struck gold with the financial backing of two of the world's best known hedge fund managers, John Paulson and George Soros.
PRODUCTION FORECAST

Kinross to add roughly 1m oz of gold production by 2015

Thursday , 11 Mar 2010
The group says it will also complete a prefeasibility study on its Fruta del Norte project in Ecuador by year-end
MINE ACCIDENT

Harmony halts Evander ops after death

Wednesday , 10 Mar 2010
A worker was killed in a rockfall at the South African gold miner's Evander No. 8 shaft; the group says it is nclear when output will resume
REKO DIQ

Barrick CEO optimistic Reko Diq gold-copper project will go ahead

Wednesday , 10 Mar 2010
Aaron Regent said Tuesday the company is continuing to have discussions with the Baluchistan government but added a resolution could take months
PACIFIC ISLANDS GOLD

Allied Gold lifts resources to 7.8 million ounces

Wednesday , 10 Mar 2010
Allied Gold Ltd is building up to a major gold producer in the Pacific region with an annual target output by 2011 of 200,000 ounces.
AFRICAN GOLD

Randgold, Iamgold to help boost West African gold production by 30% - GFMS

Wednesday , 10 Mar 2010
Gold production in the region is expected to rise by about 2m oz per year until 2013
GOLD MARKETS

As Confidence Returns, Gold Will Rise - John Embry

Tuesday , 09 Mar 2010
Sprott Asset Management's Chief Investment Strategist believes gold could gain another 30% this year this year as a greater proportion of the public realizes the degree of difficulty that sovereign debt is in. Interview with the Gold Report
REKO DIQ

Tethyan still hopeful Reqo Diq will go ahead

Tuesday , 09 Mar 2010
The operator of the $3bn copper and gold joint venture between Barrick and Antofagasta still hopes it will go forward despite a government threat to scrap it
TENNANT CREEK GOLD PROJECT

AngloGold Ashanti and Australian partner differ on interpretation

Tuesday , 09 Mar 2010
An Australian gold explorer in the Tennant Creek field of Australia's Northern Territory clearly has a difference of opinion with the mighty AngloGold Ashanti Ltd on terms for a claw-back arrangement.
GOLD AND INFLATION

Gold likely to benefit from inflation - Newmont CEO

Tuesday , 09 Mar 2010
While accommodative monetary policy has helped the world back onto its feet, there is a cost involved
NEW OUNCES

Size isn't everything - Goldcorp CEO

Tuesday , 09 Mar 2010
Annual gold production could double by 2018 but the group believes there is a size, beyond which one doesn't want to grow
POLITICAL RISK

Newmont considering expanding net to include more politically risky countries

Tuesday , 09 Mar 2010
CEO, Richard O'Brien says, while not an overriding factor, it is something the group has to consider
EYING THE AMERICAS

AngloGold Ashanti could split ops - CEO

Monday , 08 Mar 2010
Mark Cutifani said the group is considering such a move in order to boost returns to shareholders and increase its valuation
WESTERN AUSTRALIAN GOLD SCENE

Silver Lake opens up new gold hopes in Murchison

Monday , 08 Mar 2010
The successful mid-tier, high-grade gold producer near Kalgoorlie, Silver Lake Resources, has found a new lead in an old mining camp in the Murchison goldfield in the mid north of Western Australia.
DUBAI GOLD

Dubai gold imports down 15% in 2009

Monday , 08 Mar 2010
According to the Dubai Commodities Centre, Dubai saw weak demand from the retail sector during the year
PDAC CONVENTION

MEG study finds '09 exploration budgets suffered steepest decline

Monday , 08 Mar 2010
A Metals Economic Group study has determined gold has regained its standing as the top exploration target.
VENEZUELA GOLD PURCHASE

Venezuela taking own gold production into Central Bank reserves

Friday , 05 Mar 2010
Venezuela is the latest gold producing country to confirm it is planning to boost its Central bank gold reserves through buying gold from its domestic mine production.
LISTINGS

African Barrick Gold starts bookbuild for IPO - Source

Friday , 05 Mar 2010
Sources close to what will be the biggest flotation in London in almost two years, say the group has begun bookbuilding for the $975m IPO
17.6MN GOLD OZS IN RESERVES

Yamana exceeds 1M gold equiv ounces in 2009

Thursday , 04 Mar 2010
Yamana plans to build on existing production through mine expansions and throughput increases, new mine development, exploration and targeting "other gold consolidation opportunities in the Americas."
GOLD WEEKLY

Gold, dollar to continue to part ways - Jeff Nichols

Wednesday , 03 Mar 2010
But, there are a few clouds on the short term horizon
STRIKE ACTION

NUM drops Gold Fields strike threat

Tuesday , 02 Mar 2010
The Union agreed to cancel the strike after coming to an agreement with the gold digger
IMPROVED OUTPUT FORECAST FOR 2010

Minefinders shares rise on first-ever quarterly profit

Tuesday , 02 Mar 2010
The group says the numbers were helped by commercial production at its flagship Dolores mine
AFRICAN GOLD

Tanzania's 2009 gold earnings up 15%

Monday , 01 Mar 2010
The country's gold sector was helped along by higher bullion prices and an increase in output the central bank said on Monday
QUILAVIRA ACQUISITION

New Peruvian gold project for Minera IRL

Friday , 26 Feb 2010
Growing Peruvan gold miner, Minera IRL, is to acquire an ex-Newcrest gold exploration project in the south of the country.
INVESTOR HUB: Gold


View more charts 


TOP STORIES

SOME WARNING LIGHTS ABOUND

ETFs in 2010 - platinum and gold are both winners and losers

Friday , 12 Mar 2010
A brief review of the performance of the major precious metals funds
More 

FAST NEWS