GOLD NEWS
REVENUE UP 16%

Simmer and Jack reports fist half loss; production rose 5%

Friday , 20 Nov 2009
The group said it expects output from BGM and Tau Lekoa to help next half
GOLD RECOVERY CONTINUING FROM MINED ORE

New Gold appeals Mexican gold mine suspension on court ruling

Thursday , 19 Nov 2009
New Gold has had to suspend its Cerro San Pedro mine in Mexico following a court ruling over its 2006 EIS
$250 MN OF OWN FUNDS

New gold fund to be started by hedge fund billionaire John Paulson

Thursday , 19 Nov 2009
The Wall Street Journal has said that billionaire fund manager John Paulson, who is said to hold $3.5 billion in the SPDR Gold Trust is starting a new gold fund, begfnning January 1st.
NOW 1.5MLN GOLD OUNCES

Metals Ex measured Runruno gold/moly resource upped, but total falls

Thursday , 19 Nov 2009
Although the measured gold/moly resource figure has been increased sharply at the Runruno exploration project in the Philippines, the total resource has fallen due to previously inferred tonnage not being supported by infill drilling.
$93 MN SPENT TO DATE

Nevsun's Bisha gold mine on track for Nov 2010 startup

Thursday , 19 Nov 2009
Canadian junior, Nevsun has spent $93 million of the planned $250 million to bring its Bisha gold mine in Eritrea on stream by late next year.
1Mt ORE A YEAR U/G MINE

Ollachea gold project moving forward after successful scoping study

Thursday , 19 Nov 2009
Following a successful scoping study, Mnera IRL is pushing ahead with an infill drilling program at its Ollachea gold project in Peru
BOOSTING GOVERNMENT REVENUES

Major gold producer Ghana to double mining royalties

Thursday , 19 Nov 2009
Ghana's relatively new government is making its presence felt with a series of announcements relating to foreign investment including a doubling of mining royalties.
IGNOMINIOUS END TO GLORY DAYS

SA gold miners on final deathwatch as scientist finds gold reserves more than 90% less than claimed

Tuesday , 17 Nov 2009
Research shows that production rates should fall permanently below 100 tonnes a year within the coming decade
LESS THAN 10MOZ BY YEAR END?

Global gold hedge books decline again

Tuesday , 17 Nov 2009
Global gold hedging in Q3 09 falls 3.3 Moz to 11.5 Moz; below 10 Moz in sight as Barrick do another 1.0 Moz after quarter-end.
NEW GOLD EXPLORER TO BE CREATED

Goldcorp to buy Canplats for C$238m

Tuesday , 17 Nov 2009
The gold miner is trying to create a network of satellite mines around its Penasquito project in Mexico
COMMENTS HELP PUSH GOLD TO RECORD

Central banks to be net gold buyers this year - Blackrock

Monday , 16 Nov 2009
Such an occurrence would mark the first time in two decades that central banks have bought more gold than they sold
MARKET UPDATE

Platinum jumps as gold punches through record after record

Monday , 16 Nov 2009
The metals were helped by the dollar continued weakness as all eyes turned to Obama's visit to China.
AN INTERIM TOP?

Gold loses momentum as sentiment wobbles

Friday , 13 Nov 2009
The dollar cut losses against the euro on the back of weak consumer sentiment data in the US
EXPECTS 2008 LEVELS TO BE MAINTAINED

Newmont expects steady output from Peru gold mine

Friday , 13 Nov 2009
The statements contradict the group's partner at Yanacocha, one of Latin America's largest gold mines; Buenaventura's CEO said last month he expected production to decline by as much as 25%
DECLINE EXPECTED TO BE SHORT-LIVED

Gold still steady above $1,100 after retreat from record

Friday , 13 Nov 2009
The dollar's retreat saw a pull back in the yellow metal; a decline in oil also encouraged profit taking
RATES EXPECTED TO DOUBLE INSTEAD

South Africa expected to reject Eskom tariff hike plan - AngloGold

Thursday , 12 Nov 2009
CEO, Mark Cutifani said the decision was partly because of the impact such hikes would have on the gold sector where up to 1m people would likely suffer as a result
LARGELY A DOLLAR STORY

Sliding dollar helps powers gold toward $1,120

Wednesday , 11 Nov 2009
The dollar index fell to 15-month lows as the yellow metal ventured ever closer to the $1,120 mark
LOWER COST MINES PITCHING IN

High gold prices mean Barrick is eying record margins in Q4

Wednesday , 11 Nov 2009
The group is benefiting not only from higher prices for the yellow metal but also from lowered costs
STRIKE ACTION LOOMS

South Africa's National Union of Mineworkers to strike at Gold Fields

Wednesday , 11 Nov 2009
The Union has received the go ahead from authorities for its members to strike over a disputed recruitment assessment methods
SOUTH AUSTRALIAN EXPLORATION

Minnow thinks big on Olympic Dam's northern doorstep

Wednesday , 11 Nov 2009
Junior explorer Tasman Resources believes it is on the trail of a large iron oxide copper-gold-uranium (IOCGU) target on its Vulcan prospect, 30 kilometres north of the world class Olympic Dam mine owned by BHP Billiton.
WEDDING SEASON STILL IN FULL SWING

Record gold prices keep Indian gold traders quiet

Wednesday , 11 Nov 2009
But, there is still an appetite for the yellow metal, especially with a strong rupee
GOLD MARKET UPDATE

Gold firm, may be ready to scale fresh highs

Wednesday , 11 Nov 2009
Expectations of continued low US interest rates are keeping the dollar weak and boosting gold
THE NEXT 15 MONTHS ARE CRITICAL

Randgold pins its hopes on four new gold mines

Tuesday , 10 Nov 2009
Randgold Resources says it has the money it needs to bring big plans to fruition, now shareholders will have to wait and see
Q3 RESULTS

Quadra Mining reports 30% drop in Q3 net income

Tuesday , 10 Nov 2009
The Canadian gold and copper miner blamed lower-than normal sales volumes for the result
LARGE LOW GRADE GOLD PROJECTS

Chile to triple gold production by 2015

Tuesday , 10 Nov 2009
Chile is looking to become a much more significant gold producer in the years ahead with a report suggesting that output could triple by 2015 - but the capital cost of large low grade projects remains a problem.
HIGHER GOLD SALES HELPED

Randgold Resources reports rising costs but a swing to profit in Q3

Tuesday , 10 Nov 2009
The group says it is looking at fast tracking its Gounkoto project in Mali
TARGETING A NEW INVESTOR BASE

Sundance raises A$85m for iron ore project in Cameroon

Tuesday , 10 Nov 2009
The group will issue 567 million shares will be issued at A$0.15 per share, subject to shareholder approval
INVESTOR HUB: Gold


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TOP STORIES

MARKET ANALYSIS

Gold to hit $1650 by late 2010, early 2011, but estimate could be low - Jim Sinclair

Sunday , 22 Nov 2009
As a contra to the dollar the outlook for the yellow metal remains strong
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FAST NEWS

GOLD RECOVERY CONTINUING FROM MINED ORE

New Gold appeals Mexican gold mine suspension on court ruling