The output of the world’s gold mines fell by 4% last year, according to estimates in a new report from the GFMS, a consultancy. Among the largest drops came from South Africa, previously the world’s largest producer, which fell by 14% as well as Australia whose output fell by 14%. China, Russia, and Peru, each [...]
Continue reading → The British Gold Sovereign just might be the oldest gold bullion coin still traded today as gold bullion. Originally minted back as far as 1489, the Gold Sovereign as we know it today started minting in 1816 as the British Empire expanded under Queen Victoria. During this period in the 1800s, it came to be [...]
Continue reading → Mining Journal reported today that Gold Fields [[GFI]] announced a plan to layoff 1,500 workers at mines in South Africa due to downsizing operations. “Oupa Komane, the deputy general secretary of South Africa’s biggest union, the National Union of Mineworkers (NUM), said the union had resisted the move,” reported the Mining Journal.
Continue reading → Johannesburg — Gold Fields Limited (Gold Fields) [[GFI]] is pleased to announce the appointment of Paul Schmidt CA (SA) as chief financial officer of the Group, a position in which he has acted since May 2008. According to statements made by the company “Paul is a chartered accountant with eighteen years of industry experience. He [...]
Continue reading → Gold Krugerrands are a type of gold bullion coins minted from the official South African mint Rand Refinery. The Krugerrand was first minted in 1967 to promote South African gold. Gold at that time in 1967, The U.S. had a law prohibiting people to own bullion. However, since this was official legal tender from South [...]
Continue reading → Worth depends entirely on who is interested in buying the gold coins. Since the worth of the coin is determined by the price someone else is willing to pay for the coin. So it’s important to know there are two types of coin buyers, investors and collectors. If your coins are unique, rare, or old, [...]
Continue reading → Gold held by exchange-traded funds reached a record level in 2008, as investors bought the metal as a safe haven against economic troubles, the World Gold Council said Tuesday in a report. At 1,190 tons, ETF gold holdings are now higher than central bank holdings in Switzerland, the fifth last official gold holder in the [...]
Continue reading → [[IAG]] — IMG’s interests include eight operating gold mines, a niobium producer, a diamond royalty and exploration projects located throughout Africa and the Americas. The Company’s exploration and development projects include the Quimsacocha project in Ecuador, the Buckreef project in Tanzania, the Westwood project in Canada, and the Camp Caiman project in French Guiana. The [...]
Continue reading → [[NGD]] — New Gold Inc. (New Gold), incorporated on January 31, 1980, is a natural resource exploration and development company. It is engaged in the acquisition, exploration and development of natural resource properties. New Gold does not produce, develop or sell mineral products. The Company’s principal focus is the exploration and development of the New [...]
Continue reading → [[TRE]] — The Company is engaged in the acquisition and exploration of mineral properties, including the optioning out of properties for pre-production option payments and royalties on future gold production. All of the Company’s concessions are located in Tanzania. The Itetemia property is located in the Mwanza region of the Lake Victoria Archean Greenstone Belt, [...]
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