Vancouver — Approximately 3.9 million oz. were trimmed from gold producers’ hedge books in the 3-month period ended June 30, marking the fourth consecutive quarter in which the global hedge book moved away from hedging.
An expanded program may be in the works at
A generally poor report period for U.S. equity markets didn’t extend to the mining stocks, which were mostly higher over the five trading days March 17-23 as the Dow Jones industrial average and the S&P 500 index both fell slightly more than 1%.
Cape Town, South Africa — Improved commodity prices and easier mine financing made for an upbeat mood at the Indaba 2004 meeting, formally known as the Investing in African Mining Conference.Organize…
Most export-oriented South African gold companies saw their 2003 earnings hampered by a strong rand, and AngloGold (AU-N) was no exception.Higher currencies in most other operating regions also affect…
Ingenerio Jacobacci, Argentina — Results from ongoing infill drilling have convinced Aquiline Resources (AQI-V) that it will soon outline more than 1 million oz. at its Calcatreu gold-silver project,…
As it enters its seventh month as owner and operator of the Jerritt Canyon gold mine in northeastern Nevada, Queenstake Resources (QRL-T) says the “unusually early and severe” onset of winter has hamp…
Junior Nevada Pacific Gold (NPG-V) intends to make the jump to producer after striking a deal to acquire Queenstake Resources’ (QRL-T) Magistral gold mine in the northern Mexican state of Sinaloa.Quee…
Zamora, Ecuador — Aurelian Resources (ARU-V) has intersected spectacularly high-grade gold values in the first hole drilled at its 100%-owned Condor project in southeastern Ecuador.The Toronto-based …
All the key trends that have contributed to rising gold prices over the past year remain in place. The strong price recovery in commodities across all sectors continues to attract investment into prec…
The government of Ghana has expressed its support of the planned US$1.7-billion merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N).The government agreed to vote its 16.9% stake in Ashanti …
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
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