Thursday, December 29, 2011
The southern African country has the second largest known platinum reserves in the world, after neighboring South Africa, and the top two global producers, Anglo American Platinum and Impala Platinum, have operations there.
Wednesday, December 28, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 28, 2011) - New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) ("NGG" or the "Company") announces that mining and processing at its Mt Sinivit operation has temporarily been halted. Representatives of the Wild Dog Mining Area Landowner Association (WDMALA) and Lulai Nakama Association (the "Landowners") have occupied the mine-site and thus forced its temporary closure. All staff have been stood down safely and police presence is being maintained on site.
Tuesday, December 27, 2011
Monday, December 26, 2011
Friday, December 23, 2011
Metals Inc said U.S. mining royalty company Royal Gold
Inc will pay it up to $60 million for rights
to buy a portion of gold and silver to be produced from its mine
in British Columbia.
Thursday, December 22, 2011
That, of course, is definitely a reason for Vulture Speculators (like us here at Got Gold Report) to be filled with jollity. No, not because the shares we already own have fallen along with the mighty (and in many cases they have fallen mightier than the mighty). What stokes our holiday fires in this 2011 Christmas season is that we are able to acquire meaningful positions in so many of the Resource Company Guru-chosen issues we track at super-sale, ultra-low-priced bargain prices. Prices that only a Vulture would love.
Tuesday, December 20, 2011
Silvercorp Metals Inc.: Chinese Law Enforcement Agents Open Criminal Case to Investigate Creators of Falsified Reports
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2011) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) has been advised that Chinese law enforcement agents have opened a criminal case to investigate and find the creators of false and fraudulent reports by anonymous parties such as IFRA, Alfred Little and others, attacking Silvercorp and its Chinese subsidiaries.
Monday, December 19, 2011
The project’s inferred resource is 420 million tonnes of mineralized material containing 3.8 billion lbs of copper, 56.9 million lbs of molybdenum, 610,000 ozs of gold and 16.8 million ozs of silver using a 0.2% Cu Equivalent cut-off grade which represents approximately a $2.50/lb copper price.
“This is a copper-equivalent(1) content of 4.5 billion lbs of copper grading 0.49% based on approximate 3-year average metal prices of $3.00/lb copper, $1,200/oz gold, $22/oz silver and $16/lb molybdenum,” stated the company in a news release.
“The deposit remains open to expansion laterally and down dip with 90% of this first resource hosted in copper, gold and silver replacement-style mineralization, and one drill hole testing porphyry-style mineralization.”
South American Silver is a mineral exploration company with a silver-indium-gallium project in Bolivia, as well as the Escalones copper-gold project in Chile.
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Eldorado to Acquire European Goldfields and Create the Leading Growth Oriented Intermediate Gold Producer
pursuant to which Eldorado has agreed to acquire all of the issued and outstanding common shares of
European Goldfields by way of a plan of arrangement under the Yukon Business Corporations Act. European Goldfields is a precious metals development company with attributable gold reserves of 9.2 million ounces and multi-stage assets located in Greece, Romania and Turkey. The company currently operates the Stratoni mine in Greece and is developing the Skouries and Olympias projects in Greece and the Certej project in Romania. European Goldfields is also partnered with Aktor SA, the largest construction company in Greece.
Under the Arrangement, shareholders of European Goldfields will receive 0.85 Eldorado shares and
C$0.0001 in cash per European Goldfields share (the “Exchange Ratio”). Each outstanding option of
European Goldfields shall be exchanged for options of Eldorado that will entitle the holder to receive,
upon the exercise thereof, Eldorado shares based upon the Exchange Ratio and otherwise on the same
terms and conditions as in the original European Goldfields option. The total transaction value is
approximately C$2.5 billion.
Friday, December 16, 2011