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	<title>The Gold Gazette</title>
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	<link>http://gold-gazette.com</link>
	<description>News, Views and How to... for the Gold Investor</description>
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		<title>GoldenEagleCoins.com Review: A Profitable Choice</title>
		<link>http://gold-gazette.com/goldeneaglecoins-review/</link>
		<comments>http://gold-gazette.com/goldeneaglecoins-review/#comments</comments>
		<pubDate>Sat, 28 Jan 2012 19:51:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gold Bullion Dealer Reviews]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=1290</guid>
		<description><![CDATA[Nowadays, for those people who want to obtain the best bullion items and coins, Golden Eagle Coins (goldeneaglecoins.com) is the right choice. It is also one of the top gold investing suppliers that can personalize precious metals orders. For many years, this company has been recognized by large business establishments when it comes to supreme [...]
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<li><a href='http://gold-gazette.com/onlygold-review/' rel='bookmark' title='OnlyGold.com Review: Giving Clients The Best Quality Of Gold Products'>OnlyGold.com Review: Giving Clients The Best Quality Of Gold Products</a></li>
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</ol>]]></description>
			<content:encoded><![CDATA[<p>Nowadays, for those people who want to obtain the best bullion items and coins, Golden Eagle Coins (goldeneaglecoins.com) is the right choice. It is also one of the top gold investing suppliers that can personalize precious metals orders. For many years, this company has been recognized by large business establishments when it comes to supreme quality of gold, silver, and platinum coins. Their coins are constructed by the most skilled craftsman.</p>
<p>In addition, Golden Eagle Coins are not only beneficial to the gold investing industry, but also to those individuals who want to collect different coin sets. In fact, their products are made from prominent styles that can remind customers about previous accomplishments of past achievements. They are also perfect tokens to relatives and close friends. Additionally, these coins can be displace in any interior part of building structure. </p>
<p>The company is also known by a large number of people because of its world-class excellence in producing various precious metals, which is useful in gold investing. Their products are meticulously designed and serve as a symbol of the company&#8217;s innovation and success over other dealers. Golden Eagle Coins company have opened doors to the world since 1974 and currently remain as one of the world&#8217;s top provider of bullion items.</p>
<p>Furthermore, the Golden Eagle Coins company has been helping many investors and large companies for many years. They have helped them to turn their dreams into a prosperous reality in the form of their precious metal products. As a result the company has earned great reputation and acknowledgment. Many of these institutions also benefit from them, including federal government agencies, and several charitable associations.</p>
<p>This provider can also give useful and beneficial recommendations to their client regarding important notions for any project. They feature several galleries which are serialized by various institutions. On the other hand, when clients view the models which can be seen in the galleries, they will be informed about the several choices offered. Most of the products are highly favored by many influential people in the past years, due to its classic and elegant quality. They are also recognized due to their work ethic and knowledge concerning the value of coins.</p>
<p>As a result, many military leaders and large American business establishments are delighted to promote and recommend the product to other institutions. On the contrary, due to its high quality characteristics and value the products are usually expensive. However, the durability and elegance of this precious metals make all expenses worth it. For those individuals who wish to obtain the finest metal products, the best option is the Golden Eagle Coins.</p>
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<li><a href='http://gold-gazette.com/onlygold-review/' rel='bookmark' title='OnlyGold.com Review: Giving Clients The Best Quality Of Gold Products'>OnlyGold.com Review: Giving Clients The Best Quality Of Gold Products</a></li>
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</ol></p>]]></content:encoded>
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		<title>OnlyGold.com Review: Giving Clients The Best Quality Of Gold Products</title>
		<link>http://gold-gazette.com/onlygold-review/</link>
		<comments>http://gold-gazette.com/onlygold-review/#comments</comments>
		<pubDate>Sat, 28 Jan 2012 19:40:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gold Bullion Dealer Reviews]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=1286</guid>
		<description><![CDATA[Today, people can now buy and sell the highest quality of gold coins at Only Gold.com, which is recognized as the definitive dealer for gold. This company has been useful to the gold investing industry for 20 years. Bullion items are also available for people around the globe. As a matter of fact, they have [...]
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<li><a href='http://gold-gazette.com/apmex-review-invest/' rel='bookmark' title='APMEX Review: They Can Help Invest'>APMEX Review: They Can Help Invest</a></li>
</ol>]]></description>
			<content:encoded><![CDATA[<p>Today, people can now buy and sell the highest quality of gold coins at Only Gold.com, which is recognized as the definitive dealer for gold. This company has been useful to the <a href="http://gold-gazette.com">gold investing</a> industry for 20 years. Bullion items are also available for people around the globe. As a matter of fact, they have many patrons including investors, lawyers, doctors, and other professional workers who know the true value of gold.</p>
<p>Most of their precious metals and bullion bars are made of pure gold. Some of them include the Austrian philharmonics, Canadian maple leaf, US double eagles, Australian Platinum Platypus, China Pandas, and other prominent bullion bars and coins. These products are dramatically detailed and well crafted. They are perfect for investors who wish to have the best bullion and precious metal products for <a href="http://gold-gazette.com">gold investing</a>.</p>
<p>Only Gold.com provides world-class bullion items, but their specialty is gold products. They also give advice and tips to investors who wish to improve their business in the <a href="http://gold-gazette.com">gold investing</a> industry. In addition, the gold bars that the company produces are well refined and certified 99.99% pure gold. Most of the products are inspired famous portraits such as the Pamp Suisse ten-ounce gold bar, which is features the Fortuna Portrait.</p>
<p>On the other hand, for those individuals who wish to buy gold at Only Gold.com may call them to confirm the purchase. However, the customer will be asked to make immediate payment. It can be done through e-mail or by a check. Clients will never have to worry about the shipment process since the company has<br />
done transactions for many years.</p>
<p>When it comes to the company&#8217;s pricing, they will input the current gold price into their data on their official site, and all prices will be refreshed. People will be assured since all gold prices presented on the website are legitimate. Doing business with Only Gold.com secures every customer&#8217;s purchase. The latest gold spot is the company&#8217;s basis in terms of pricing.</p>
<p>At Only gold.com, clients are guaranteed to receive the most courteous and dependable customer service experience. Their associates are skilled and do not engage clients in to any misleading transaction. Customers will surely obtain the highest quality of gold products with no additional rates. For those people who want to obtain the perfect gold items at a perfect and safe procedure, Only Gold.com is the best option.</p>
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</ol></p>]]></content:encoded>
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		</item>
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		<title>Certified Mint Review: Bullion Dealer with a Comprehensive Approach</title>
		<link>http://gold-gazette.com/certified-mint-review/</link>
		<comments>http://gold-gazette.com/certified-mint-review/#comments</comments>
		<pubDate>Sat, 28 Jan 2012 19:36:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gold Bullion Dealer Reviews]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=1280</guid>
		<description><![CDATA[The trend of gold investing began during the early 1900s in America, until President Franklin Roosevelt called for a movement which only permitted numismatic acquisition of gold bullion coins in 1933. Numismatic acquisition means that the price of gold favors the collector, instead of taking the price of the gold itself, or the content. In [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p>The trend of gold investing began during the early 1900s in America, until President Franklin Roosevelt called for a movement which only permitted numismatic acquisition of gold bullion coins in 1933. Numismatic acquisition means that the price of gold favors the collector, instead of taking the price of the gold itself, or the content. In 1974, Americans have recovered the right to own a piece of gold. Gold is considered a precious metal. This makes investing in gold very profitable as its value is barely affected by economic crisis or sudden decline or fluctuation in the market. It is treated more as a currency than a commodity.</p>
<p>Investing on gold, specifically gold bullions are risky. However, these risks can be managed by choosing the right dealer which can provide you with all the help you need. Beginners in the field of gold investment couldn&#8217;t learn the trade easily without the help of professional traders and investors. There are a lot of gold dealers out in the market. Some offer numismatic acquisition, while some offer premiums on the gold content, which is better than those using a numismatic approach. Certified Mint Inc. is an example of a gold and silver bullion dealer with a comprehensive approach for gold ventures in America. Here are some of the reasons why the company is one of the most reliable dealers of gold in America.</p>
<p>It has comprehensive list of gold bullion packages and services. Investors more or less acquire the services of many gold dealers. Before considering one dealer, doing a little background check could help. Certified Mint offers an updated and detailed list of spot prices, gold and silver pricelist, and numismatic and survival coins. On the upper right column, you will find helpful deals on best gold bullion investments at bargain prices. The site also contains wide-ranging content on the market outlook of silver and gold. News and updates on different market trends are also available, as well as a blog site of tips and strategies authored by the president, Bill Haynes.</p>
<p>It has established a good reputation in the industry. After browsing through the list of products and services, a key to a successful gold bullion purchase is to know the reputation of the dealer. Certified Mint has been into silver coins and &gt;gold investing business since 1973 as a dealer of precious metals like silver. It expanded in 1980 after the market saw a demand for silver bullions. It is one of the oldest gold and silver dealers in the United States.</p>
<p>It provides lenient and client-centered policies. Revenues brought by clients such as investors and traders are considered as the lifeline of silver and gold investing companies. This is the main reason why the needs of clients should always be treated with special attention. Certified Mint is one of the few companies which only require a minimum of five ounces on gold and silver products. Like any other companies, it has a detailed client confidentiality policy. This is highly recommended for transactions involving a lot of assets.</p>
<p>However, it could also be an added service if a company has a 24-hour hotline to serve their customers. Gold prices can change in any minute. Thus, locking prices is very much crucial even up to every second.</p>
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		<title>APMEX Review: They Can Help Invest</title>
		<link>http://gold-gazette.com/apmex-review-invest/</link>
		<comments>http://gold-gazette.com/apmex-review-invest/#comments</comments>
		<pubDate>Fri, 20 May 2011 13:02:56 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gold Bullion Dealer Reviews]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=1235</guid>
		<description><![CDATA[Looking for a reliable company that offers gold and silver coins? APMEX or better know as the American Precious Metals Exchange is a very well known company that came to birth to help a group of investors find solutions to effectively diversify their growing portfolios by purchasing palladium, silver, gold and platinum for a lesser [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p><a href="http://gold-gazette.com/wp-content/uploads/2011/05/LogoandBBB.png"><img class="alignright size-medium wp-image-1236" title="American Precious Metals Exchange Logo" src="http://gold-gazette.com/wp-content/uploads/2011/05/LogoandBBB-e1305896464449.png" alt="APMEX" width="282" height="78" /></a>Looking for a reliable company that offers gold and silver coins? APMEX or better know as the <a href="http://www.apmex.com/">American Precious Metals Exchange</a> is a very well known company that came to birth to help a group of investors find solutions to effectively diversify their growing portfolios by purchasing palladium, silver, gold and platinum for a lesser price compared to other companies. This company is very well known for having the lowest prices when compared to online marketers that offer the same items.</p>
<p>Over the years, APMEX has continued to offer their clients competitive prices and most often times over lower rates compared with other competitors. Another great thing about this company is that they have no hidden charges besides shipping and handling fees. Other than that you only pay for what is stated on their website.</p>
<p>What makes APEX unique compared to other companies is that they are able to provide affordable prices due to the large volume of sales. This also enables them to buy in bulk and discounted prices. This in turn allows them to sell their items for lesser price, which is a great benefit to their clients. The money that they save is also passed on savings to their clients.</p>
<p>As a buyer, individuals always have to remember that price is always the most important thing to consider because if the cost is too high then there is a higher probability for them not to make a purchase. At APEX, they work hard to provide their clients with quality items that are affordable to match their budget. Purchases are always made with a sense of savings and assurance that what the client is purchasing is at a discounted price. A successful company as such has been known for their impeccable reputation in providing excellent customer service and quality items to their new and long time customers.</p>
<p>They also provide several types of bullion to choose from which highlights bullion coins such as Chinese Gold Panda, Australian Nugget and many more. This reviewer allows its readers a very detailed discussion about the specific items that features coins and important facts about the item and its value. The great thing about this is that is provides a set of useful FAQs that can help interested readers about the importance of precious metals.</p>
<p>Besides silver, gold, and platinum, bullion coins have become a very popular investment and a collectors item. Such items can be easily sold or traded for very profitable rates and this will depend on its origin, current value and rareness. That is why it is of great importance to get your precious items from a company that is reliable and trustworthy for they will provide you with a large portfolio of bullion that will assist you in learning the important fundamentals required to pick the perfect coin to add to your collection.</p>
<p>For more <a href="http://gold-gazette.com/investing/bullion-dealer-reviews/">bullion dealer reviews</a> be sure to check out our other <a href="http://gold-gazette.com/investing/bullion-dealer-reviews/">dealer reviews</a>.</p>
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		<title>Goldline Review: Trusted And Well-Established Firm</title>
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		<comments>http://gold-gazette.com/goldline-review-trusted-wellestablished-firm/#comments</comments>
		<pubDate>Tue, 17 May 2011 16:50:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Gold Bullion Dealer Reviews]]></category>
		<category><![CDATA[dealer review]]></category>
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		<description><![CDATA[Precious metals such as gold, silver and platinum are minerals forged to perfection by Mother Nature itself, which only makes these commodities utterly expensive and in demand. Owning a gold bar or historical coins leads to countless opportunities and potential, placing the legal possessor at a great advantage. These precious metals can be sold, auctioned, [...]
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			<content:encoded><![CDATA[<p><a href="http://gold-gazette.com/wp-content/uploads/2011/05/goldline_gold.jpg"><img class="alignright size-medium wp-image-1231" title="goldline_gold" src="http://gold-gazette.com/wp-content/uploads/2011/05/goldline_gold-300x174.jpg" alt="" width="300" height="174" /></a>Precious metals such as gold, silver and platinum are minerals forged to perfection by Mother Nature itself, which only makes these commodities utterly expensive and in demand. Owning a gold bar or historical coins leads to countless opportunities and potential, placing the legal possessor at a great advantage. These precious metals can be sold, auctioned, traded, and translated to stocks. Goldline International, a leading company in the sales of precious metals, is considered by many investors as one of the most trustworthy companies today.</p>
<p>Located in Los Angeles County, Goldline International is home for countless metal products and precious minerals. They are by far one of the best distributors of gold, silver, and platinum for almost 50 long years already. Backed by 300 employees and an organized operational procedure to secure transactions with clients, they are considered by Los Angeles Business Journal as a foundation in precious metal distribution.</p>
<p>In addition to gold and silver, one of the most sought after commodities today are bullion coins. This metal is categorized into gold, silver, platinum and palladium and the value of which is determined based on the value of the metal that makes up the coin. This commodity can be traded in different rates and values, depending upon the content, rarity, and historical value. Good thing this trusted company has a rich portfolio of bullion dealer reviews that can help one determine the basics and fundamentals of owning this kind of coin.</p>
<p>This firm offers a variety of bullion featuring almost all possible bullion coins such as Australian Nugget, Chinese Gold Panda, Mexico 50 Peso, and many more. They provide a short but very comprehensive discussion of the main features of the coin, its history, former use, and possible value. This firm also holds a very useful collection of FAQs which can guide anyone in their journey towards owning and trading precious metals. They also provide a Knowledge Center where one can have an idea of the current news about bullion, silver, and gold, changes in the market, and many more.</p>
<p>A potential type of metal that is drawing much attention nowadays is silver coin. Some of the most notable types are Mexican Libertad, Silver Australian Koala, Silver Canadian Maple Leaf, and Silver American Eagle. Though its value is considerable lower than that of gold bars and coins, they can still be sold in considerable high rates. This well known firm offers all of these precious metals, in very reasonable rates.</p>
<p>Goldline International is a trusted company, easy to transact with, ad very professional about their work. Their friendly and on the go personnel can be reached Monday to Saturday from 6 a.m. to 6 p.m. Owning a precious metal opens numerous windows of opportunity. Only purchase from the most trusted, well established and highly recognized company.</p>
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		<title>Mike Maloney: Gold should reach $15,000/oz!</title>
		<link>http://gold-gazette.com/mike-maloney-gold-reach-15000oz/</link>
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		<pubDate>Mon, 07 Mar 2011 02:44:56 +0000</pubDate>
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				<category><![CDATA[Video]]></category>

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		<title>Drilling Starts at Columbus Gold&#8217;s Property</title>
		<link>http://gold-gazette.com/drilling-starts-at-columbus-gold/</link>
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		<pubDate>Tue, 20 Apr 2010 23:39:39 +0000</pubDate>
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				<category><![CDATA[News]]></category>

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		<description><![CDATA[Columbus Gold Corporation announced today that drilling has started on the Company&#8217;s Summit Project where joint venture partner Agnico-Eagle Mines Limited ([stock AEM]) is earning an initial 51% interest by undertaking staged annual exploration expenditures and making annual cash payments to Columbus Gold. The current program will consist of approximately 4,000 feet (1,220 meters) of [...]
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			<content:encoded><![CDATA[<div id="attachment_6" class="wp-caption alignleft" style="width: 289px"><a href="http://www.gold-gazette.com/wp-content/uploads/2010/04/Picture-2.png"><img class="size-full wp-image-6" title="Columbus Gold" src="http://www.gold-gazette.com/wp-content/uploads/2010/04/Picture-2.png" alt="" width="279" height="187" /></a><p class="wp-caption-text">Columbus Gold</p></div>
<p>Columbus Gold Corporation announced today that drilling has started on the Company&#8217;s Summit Project where joint venture partner Agnico-Eagle Mines Limited ([stock AEM]) is earning an initial 51% interest by undertaking staged annual exploration expenditures and making annual cash payments to Columbus Gold.</p>
<p>The current program will consist of approximately 4,000 feet (1,220 meters) of reverse circulation drilling in 2 holes. The holes will test for the northeast strike extension of the Long Canyon deposit being developed by AuEx Ventures, Inc. and Fronteer Development Group Inc. See the <a href="http://www.gold-gazette.com/wp-content/uploads/2010/04/2010-04-21-map-summit.jpg">project area map</a>.</p>
<p>As reported by AuEx Ventures, the Long Canyon gold deposit consists of multiple, sub-parallel north to northeast-directed zones of oxidized Carlin-style gold mineralization, amenable to open pit mining, aggregating 1,300 ft (400 m) in width with a current strike length of approximately 1.60 miles (2.6 km) that is still open to extension. Mineralization outcrops in the central portion of the deposit and plunges shallowly to the northeast towards Columbus Gold&#8217;s Summit Property. Drilling at Long Canyon is now estimated by Columbus to extend to within 3,280 ft (1,000 m) outside of Columbus Gold&#8217;s Summit Property boundary.</p>
<p>In March 2009, AuEx Ventures reported an indicated resource of 363,000 ounces gold from 4,808,000 tonnes averaging 2.35 g/t and an inferred resource of 459,000 ounces gold from 8,780,000 tonnes averaging 1.63 g/t, and reported the completion of a positive initial Preliminary Economic Assessment. The reported resource and assessment didn&#8217;t include the results from more than 200 holes that were drilled in 2009. AuEx has reported that about $20 million in expenditures is planned at Long Canyon in 2010.</p>
<p>Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this news release. Mr. Wallace is a VP of Columbus Gold&#8217;s U.S. subsidiary and the principal of Cordilleran Exploration Company (&#8220;Cordex&#8221;), which is conducting exploration and project generation activities for Columbus Gold.</p>
<img src="http://gold-gazette.com/?ak_action=api_record_view&id=1&type=feed" alt="" /><p>Related posts:<ol>
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</ol></p>]]></content:encoded>
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		<title>Kinross Gold Completes $414.6 Million in Public Offering</title>
		<link>http://gold-gazette.com/kinross-gold-completes-4146-million-public-offering/</link>
		<comments>http://gold-gazette.com/kinross-gold-completes-4146-million-public-offering/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 16:00:18 +0000</pubDate>
		<dc:creator>Brian Blackstone</dc:creator>
				<category><![CDATA[Business News]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=418</guid>
		<description><![CDATA[Toronto, Ontario &#8212; Kinross Gold Corporation [stock KGC] announced today that it has completed its previously announced bought deal public offering of common shares of Kinross at a price of US$17.25 per common share. The underwriters, led by UBS Securities Canada Inc., elected to exercise their over-allotment option in full prior to closing today, resulting [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p>Toronto, Ontario &#8212; Kinross Gold Corporation [stock KGC] announced today that it has completed its previously announced bought deal public offering of common shares of Kinross at a price of US$17.25 per common share. The underwriters, led by UBS Securities Canada Inc., elected to exercise their over-allotment option in full prior to closing today, resulting in a total of 24,035,000 common shares being issued for gross proceeds of US$414,603,750.</p>
<p>According to statements released by Kinross, the Company intends to use the net proceeds of the offering to enhance its capital position following the funding of recent acquisitions and for general corporate purposes.</p>
<p>&nbsp;</p>
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</ol></p>]]></content:encoded>
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		<title>Court Rules in Favor of Barrick Gold</title>
		<link>http://gold-gazette.com/court-rules-favor-barrick-gold/</link>
		<comments>http://gold-gazette.com/court-rules-favor-barrick-gold/#comments</comments>
		<pubDate>Wed, 28 Jan 2009 00:45:39 +0000</pubDate>
		<dc:creator>Brian Blackstone</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[ABX]]></category>
		<category><![CDATA[barrick gold]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=375</guid>
		<description><![CDATA[Reno, Nevada &#8212; A U.S. District Judge today ruled in favor of Barrick Gold Corp. [[ABX]] by declined to grant an injunction regarding the Bureau of Land Management’s recent approval of Barrick’s Cortez Hills Project in Lander County, Nevada. District Judge Larry Hicks’ ruling followed four days of testimony and oral argument after two activist [...]
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</ol>]]></description>
			<content:encoded><![CDATA[<p>Reno, Nevada &#8212;  A U.S. District Judge today ruled in favor of Barrick Gold Corp. [[ABX]] by declined to grant an injunction regarding the Bureau of Land Management’s recent approval of Barrick’s Cortez Hills Project in Lander County, Nevada.</p>
<p>District Judge Larry Hicks’ ruling followed four days of testimony and oral argument after two activist groups and two Native American tribes, one in California and one in Nevada, sought to stop the project.</p>
<p>&#8220;This is very good news for rural Nevada and for everyone who has supported us in this dispute,&#8221; said Greg Lang, President of Barrick Gold of North America. &#8220;We respect anyone’s right to oppose our activities but, in this case, the judge’s ruling makes it clear that we can continue with the project’s construction.&#8221;</p>
<p>Cortez Hills is an expansion of Barrick’s Cortez Mine, which has produced gold continuously since the late 1960s. Altogether, the existing Pipeline surface mine and the Cortez Hills Project support about 800 families in Elko, Eureka and Lander counties, including many Western Shoshone. The company expects to add another 100 employees at the site in 2009.</p>
<p>Barrick’s plans for the development of Cortez Hills came after several years of work and careful study. The Bureau of Land Management issued a Record of Decision approving the project in early November. A Colorado-based attorney for the Western Shoshone Defense Project, Great Basin Resource Watch, the Timbisha Tribe in California and the Te-Moak Western Shoshone Tribe filed with the court to stop the implementation of the Bureau&#8217;s decision.</p>
<p>The Cortez Hills Project includes both surface and underground mining operations in an area where dozens of smaller mines have produced a variety of metals since the 1870s. This new expansion is expected to increase gold production at Cortez to an average of 1 million ounces annually in the first full five years.</p>
<p>Cortez is the largest mining operation in Lander County and has provided essential tax revenue and jobs to several rural communities since the late 1960s according to statements made by Barrick Gold.</p>
<p>&#8220;As we watch the continuing economic turmoil in urban Nevada and elsewhere, we are fortunate to be able to provide hundreds of good jobs and the many other benefits this project brings to rural Nevada,&#8221; Barrick&#8217;s President Lang said. &#8220;In particular, we look forward to continuing to work with the Western Shoshone communities to ensure that the project is beneficial to their interests.&#8221;</p>
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		<title>Newmont Acquiring Boddington Project in Western Australia</title>
		<link>http://gold-gazette.com/newmont-acquiring-boddington-project-western-australia/</link>
		<comments>http://gold-gazette.com/newmont-acquiring-boddington-project-western-australia/#comments</comments>
		<pubDate>Tue, 27 Jan 2009 23:53:48 +0000</pubDate>
		<dc:creator>Brian Blackstone</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[newmont]]></category>

		<guid isPermaLink="false">http://gold-gazette.com/?p=362</guid>
		<description><![CDATA[Denver, Colorado &#8212; Newmont Mining Corporation [[NEM]] announced today that it will acquire the remaining interest in the Boddington project in Western Australia from a subsidiary of AngloGold Ashanti Ltd. Newmont will own 100% of the Boddington project, which is the largest gold project in Australia, and Newmont’s proven and probable gold reserves at Boddington [...]
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			<content:encoded><![CDATA[<p>Denver, Colorado &#8212; Newmont Mining Corporation [[NEM]] announced today that it will acquire the remaining interest in the Boddington project in Western Australia from a subsidiary of AngloGold Ashanti Ltd.</p>
<p>Newmont will own 100% of the Boddington project, which is the largest gold project in Australia, and Newmont’s proven and probable gold reserves at Boddington will increase by 6.6 million ounces to 20.1 million ounces.</p>
<p>Newmont will pay $750 million cash at closing, $240 million payable in cash and/or Newmont common stock, at Newmont’s option, in December 2009, and a royalty capped at $100 million, equal to 50% of the average realized operating margin (if any) exceeding $600 per ounce, payable on one-third of gold sales from Boddington.</p>
<p>The deal is expected to close in March 2009, subject to certain conditions, including approvals from the Australian Foreign Investment Review Board, Western Australia Ministry of Mines and South African Reserve Bank.</p>
<p>The valuation date for the transaction is January 1, 2009, and closing adjustments will be made to reflect Newmont’s economic ownership position from that date, which will require Newmont to reimburse AngloGold for all contributions made to the Boddington joint venture after that date.  With the acquisition, Newmont expects to incur an additional approximately $250 million of capital expenditures in 2009.</p>
<p>Newmont has received a commitment for a $1.0 billion, 364-day bridge facility to support the transaction and for additional capital expenditures that result from its increased ownership in the Boddington project.  The bridge facility is subject to customary closing conditions.</p>
<p>Boddington is a large, open pit mine in Western Australia, located 130 kilometers southeast of Perth.  At the end of 2008, the Boddington project was 89% complete, with start-up expected in mid-2009.  Newmont continues to expect total capital costs to be between $2.6 and $2.9 billion.</p>
<p>Boddington will be Australia’s largest gold producer upon completion, with expected average annual gold production of approximately one million ounces at costs applicable to sales of approximately $300 per ounce for the first five years of operation, and an expected mine life in excess of 20 years.  Newmont believes Boddington has significant exploration potential, as demonstrated in 2008, with the reserves increasing from 16.6 in 2007 to 20.1 million ounces in 2008.</p>
<p>Richard O’Brien, President and Chief Executive Officer of Newmont said, “We are very pleased to consolidate our interest in Boddington, a world-class asset that we obviously know well.  We expect Boddington will have low operating costs, a mine life in excess of 20 years and significant exploration potential in a favorable geo-political jurisdiction.”</p>
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