Overview
Avanti has acquired an undivided 100% direct interest in the past producing Kitsault Molybdenum mine in Northern British Columbia. A recently released Preliminary Feasibility Study estimated operating costs of $4.43/lb of moly and undiscounted net cashflow of $1.5 billion. Avanti intends to develop this mine in a manner acceptable to First Nations and all stakeholders [...]
The gold market may be witnessing an increasingly intense battle aound the $1,000 an ounce level, but gold investors are a sorry lot. At the start of December, most stocks were in the red. The writing is on the wall. Pay heed.
They just can’t see the wood for the trees. Gold investors have been fighting [...]
Gold Investing News reports San Gold, an emerging gold producer is steadily building its production portfolio through continued exploration success on its Rice Lake project, Manitoba.
The company currently has reserves and resources established in five mineralized zones on its property. Two of these zones are currently in production at a rate of about 320 tons per day; [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers.
The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously.
In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 million deal [...]
Gold Investing News reports gold has a challenging year ahead.
A decision to sell gold requires the backing of 85 per cent of the IMF’s executive board, and the board representative from the U.S. need the approval of Congress to vote in favor of sales.
Gold for immediate delivery traded at $911.77 an ounce in London, by [...]
Overview
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals projects in Brazil. Led by a skilled management team, the company is managing and developing the well sought after Serra Pelada project, a Colossus-COOMIGASP joint venture. Since their IPO in February 2008, Colossus has continuously announced spectacular high-grade results [...]
Gold Investing News reports gold seen as a safe haven commodity and currency.
The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total collapse [...]
Gold Investing News reports gold price recovers as the dollar rose.
Spot gold rose to $913.15/$914.15 an ounce from $906.65 late in New York on Wednesday.
Canadian stocks gained too, building on their biggest rally since November, as mining companies rose with gold prices and financial stocks rallied for a second day on speculation that the worst [...]
Gold Investing News reports Colossus Minerals, an exploration and development company focused on gold and platinum group metals projects in Brazil.
Led by a skilled management team, the company is managing and developing the well sought after Serra Pelada project, a Colossus-COOMIGASP joint venture. Since their IPO in February 2008, Colossus has continuously announced spectacular high-grade [...]
Gold Investing News reports gold has been looking very promising since last October 2008.
Some analysts predict it could be a standout investment this year because of major concerns about the stability of the US dollar and the rebound in oil prices, which could be enough to lure investors back into the resource-heavy index. Shortness of supply [...]
Wednesday, January 6, 2010
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