Toronto, Ontario — 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 [...]
Reno, Nevada — 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 [...]
Denver, Colorado — 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 [...]
Lima, Peru -[[BVN]]- CEO, Roque Benavides, recently announced “net income in 3Q08 was US$100.6 million, or US$0.40 per ADS, in-line with the figure reported in 3Q07.” “Operating income in the third quarter was US$71.4 million, 20% lower than the figure reported in 3Q07, while EBITDA from Buenaventura’s direct operations totaled US$91.3 million, 16% lower than [...]
Unlike silver, there are a few Gold ETFs available for investors. There’s streetTRACKS Gold Shares [[GLD]], or Market Vectors Gold Miners ETF [[GDX]]. The main difference for both of these funds is the difference between what the fund focuses on holding. For streetTRACKS Gold Shares (GLD) the focus is physical gold, while the Gold Miners [...]
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 [...]
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 [...]
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 [...]
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.
1. Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future by Michael Maloney “Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus [...]
Listed below are figures of the gold supply and gold demand for the years between 2002 and 2007.
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 [...]
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, [...]
Drilling Starts at Columbus Gold’s Property
Columbus Gold Corporation announced today that drilling has started on the Company’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 [...]