Gold to average $1000/oz this year: UBS Friday, 6 February 2009 Kate Haycock
BASE metals may be wallowing and iron ore and coal on the nose, while uranium and phosphate have lost their fizz, but gold will continue to be a winner this year say UBS analysts.
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(5 February 2009)
JUNIOR explorer Robust Resources says assay results have confirmed large-scale gold and silver mineralisation at its Romang Island project in Indonesia. - more
(4 February 2009)
CITADEL Resource Group says new high-grade assay results from the second drilling program at its 100%-owned Shayban gold project in Saudi Arabia has prompted an aggressive exploration program for the year ahead. - more
(2 February 2009)
AUSTRALIA’S largest home-grown gold miner, Newcrest Mining, has launched a $A500 million share placement to pay down its debt and have cash ready for development opportunities. Meanwhile, the company has also unveiled a strong profit for the December quarter. - more
(29 January 2009)
CHINA-focused Sino Gold Mining has posted a 21% on-quarter ramp-up in gold production and improved cash costs from its flagship Jinfeng gold mine for the December quarter, while gold output for 2008 more than doubled on-year. - more
(28 January 2009)
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(23 January 2009)
ANGLOGOLD Ashanti and Independence Group have increased the gold resource and grade at the Tropicana joint venture in Western Australia. - more
(14 January 2009)
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(12 February 2009)
DECLINING commodity prices, tight credit and continued merger and acquisition activity were identified as some of the top issues facing miners in 2009, according to an analyst report. - more
(13 February 2009)
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(19 February 2009)
HIGH gold prices and increased production has seen Lihir Gold post a 2008 net profit of $US109.3 million ($A171.4 million) up from a $24.1 million loss in 2007.
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(19 February 2009)
AUSTRALIAN junior explorers have revealed a pragmatic optimism as the global fiscal fallout continues to put pressure on the local resources sector. - more
(23 February 2009)
HIGHER gold prices have helped to boost Dominion Mining’s half-year revenue, despite the gold producer posting an 8% drop in net profit. - more
(4 March 2009)
AUSTRALIA’S second-largest domestic gold play Lihir Gold is rattling the tin for $US325 million ($A509 million) via an institutional placement. - more
(9 March 2009)
EVERY storm cloud has a silver lining, it just takes someone like Dryblower to point them out, which he will now do at a financial and political level to lighten your day. - more
(11 March 2009)
ONE part of the risk management process that risk professionals, including myself, tend to skip over is why a company should bother in the first place, writes Lesley Campbell. - more
(12 March 2009)
WITH the gold price still at record highs, the pace of gold de-hedging has remained high, and precious metals consultancy GFMS says gold miners will continue to get out of the hedging game as the practice remains on the nose with investors. - more
(14 April 2009)
AVOCA Resources has launched a $A49 million all-scrip takeover bid for fellow Western Australian gold miner Dioro. - more
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