Goldcorp to buy Canplats
November 17, 2009 By Leave a Comment
Goldcorp to buy Canplats for C$238m
TORONTO (Reuters) -
Canada's Goldcorp Inc (G.TO: Quote) said on Monday it has agreed to acquire junior gold miner Canplats Resources Corp (CPQ.V: Quote) for about C$238 million ($229 million) as it tries to establish a network of satellite mines around its Penasquito gold project in Mexico.
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Newmont Peru Gold Mine
November 13, 2009 By Leave a Comment
Newmont expects steady output from Peru gold mine
LIMA (Reuters) -
Newmont Mining Corp (NEM.N: Quote) said on Thursday it expects output at Yanacocha -- one of Latin America's largest gold mines -- to hold steady in the next few years, contradicting an earlier forecast made by its partner.
Yanacocha, run jointly by U.S.-based Newmont and Peruvian precious metals miner Buenaventura (BUEv.LM: Quote) (BVN.N: Quote), reported sales of 1.8 million ounces of gold last year.
"This year, we're going to have something similar to 2008 production ... and for the next few years, we're going to maintain levels of around 1.8, 1.9 million ounces," Carlos Santa Cruz, Newmont's vice president of South American operations, told reporters. [Read more...]
Top 100 Mining Stocks
November 12, 2009 By Leave a Comment
Amid power buying, trends and patterns from the 100 most popular listed mining names.
JOHANNESBURG -
Stock markets are flying just about everywhere; the MSCI world equities USD index is trading at 12-month highs, along with the MSCI emerging markets USD, as are the Dow Jones Industrial, S+P 500, and DJ Stoxx 600; some markets are lagging a little, as seen in China's CSI 300, and given general buoyancy there has been some profit-taking as seen in Russia's Micex Russia and the India Nifty.
Most equities subsectors are also doing very well; in general, buying has the air of indiscrimination about it, with value-seeking discernible at the margin. Any kind of positive sign or story, and chances are that a stock dressed in the fashions of the moment will fly. A year ago, of course, the world was cluttered to paralysis with almost universal predictions that the world would end under the weight of a Great Depression of fatal proportions. [Read more...]
Vietnamese central bank to allow gold imports
November 11, 2009 By Leave a Comment
Vietnamese central bank to allow gold imports to stabilize currency
HANOI (Reuters) -
Vietnam's central bank said on Wednesday it would allow imports of gold to stabilise the market after the price of gold onshore rose sharply in recent days, which helped push the value of the Vietnamese dong down. "The State Bank of Vietnam will allow gold imports with a volume sufficient to interfere in the market in order to stabilise the market, combat speculation and prevent an impact on the interests of the people," it said in a statement. [Read more...]
Indian Gold ETFs
November 11, 2009 By Leave a Comment
Gold underlying Indian ETFs jumped 25.7% year on year
MUMBAI (Reuters) -
India's gold collection under exchange-traded funds rose 25.7% on year to 7.049 tonnes in October, when the yellow metal touched new record highs, data from the funds showed.
Gold futures on the continuation chart on the Multi Commodity Exchange made three record highs in October, before hitting a fresh all-time high of 16,703 rupees on Monday. [Read more...]
Junior Gold Miners ETF