Mining Stocks News - Goldcorp (TSX:G)(NYSE:GG) Cash Flow Increases 35% in the Third Quarter;
Strong Production Increase of 11% and Cash Cost Performance Lead to Increased 2009
Guidance
VANCOUVER, BRITISH COLUMBIA-- Nov. 4, 2009 - Goldcorp Inc. (TSX:G)(NYSE:GG) today reported gold production of 621,100 ounces for the third quarter at a total cash cost of $295 per ounce. Adjusted net earnings(1) in the third quarter were $140.6 million, or $0.19 per share, while reported net earnings totalled $114.2 million.
Third Quarter Highlights
- Gold production increased by 11% over the 2008 third quarter, to 621,100 ounces.
- Total cash costs(2) for the quarter were $295 per ounce on a by-product basis, and $297 per ounce year to date.
- Total cash costs(2) on a co-product basis were $384 per ounce compared to $380 per ounce year to date.
- Operating cash flows before changes in working capital(3) totaled $321.1 million or $0.44 per share, a 35% increase over the third quarter of 2008.
- Dividends paid amounted to $32.9 million.
- Penasquito concentrate production ramp-up on schedule; concentrate shipments commence.
- Full-year gold production guidance revised upward; cash cost guidance also improves.
"Consistent with our 2009 theme of execution throughout our operations, Goldcorp's gold production and cash costs were again very strong in the third quarter," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "Red Lake experienced an outstanding quarter, driven by excellent results in the High Grade zone and continued productivity enhancements. Also in Ontario, Porcupine's quarterly gold production was its best in almost three years. Marlin in Guatemala and Los Filos in Mexico were also important contributors to our quarterly results, with the Los Filos open pit operation achieving record quarterly gold production. We saw continued success among our next generation of growth drivers as well. At Penasquito, I am pleased to report that shipments of both lead and zinc concentrates began this week. Achieving this important milestone supports our continued confidence in the outlook for this world-class operation. Also advancing impressively is the Cochenour project in the Red Lake camp. Development will begin to accelerate, as a plan is now in place detailing the best way to access the deposit. Cochenour is a key component of our development plans in the prolific Red Lake district, and upon completion it will be an important contributor to our growth profile at Red Lake for many years to come."
"Our strong performance through the first nine months of the year has led us to revise our production guidance, to approximately 2.4 million gold ounces at a total cash cost of approximately $300 per ounce on a by-product basis and less than $400 per ounce on a co-product basis. Gold prices have exhibited continued strength and sustainability above $1,000 per ounce, and with our production and cash costs trending positively, the stage is set for continued strength in cash flow and profitability through the end of the year and beyond."
Financial Review
Gold sales in the third quarter compared to the third quarter of 2008, increased to 621,100 ounces at a total cash cost of $295 per ounce on a by-product basis, and $384 per ounce on a co-product basis. On both a by-product and co-product basis, Goldcorp remains the lowest cost, highest margin senior gold producer in the industry.
Adjusted net earnings(1) totaled $140.6 million, or $0.19 per share, compared to $64.7 million or $0.09 per share, in the third quarter of 2008. Adjusted net earnings primarily exclude the effect of a non-cash foreign exchange loss on revaluation of future income tax liabilities, but include the impact of non-cash stock option expenses, which amounted to approximately $0.02 per share for the quarter. Operating cash flow before non-cash working capital adjustments(3) increased 35% to $321.1 million compared to $237.3 million in last year's third quarter. Reported net earnings in the quarter were $114.2 million compared to net earnings of $297.2 million in the third quarter of 2008.
For the nine months ended September 30, 2009, revenues increased 7% to $1.9 billion, a result of increased realized gold prices and increased gold sales volumes. On a by-product basis, total cash costs were $297 per ounce compared to a total cash cost of $298 per ounce in 2008. Total cash costs on a co-product basis were $380 per ounce year to date versus $409 per ounce in the 2008 period.
For the first nine months of the year, adjusted net earnings(1) totaled $405.5 million, or $0.55 per share, compared to $312.6 million, or $0.44 per share, in 2008. Adjusted net earnings primarily exclude the effect of a non-cash foreign exchange loss on revaluation of future income tax liabilities and transaction costs for issuance of convertible debt. Adjusted net earnings for 2008 primarily exclude the effect of a non-cash foreign exchange gain on revaluation of future income tax liabilities, the first quarter gain on the sale of the Silver Wheaton shares, and an unrealized loss on securities. Net earnings in the nine months ended September 30, 2009 were $173.5 million or $0.24 per share, compared to net earnings of $517.5 million, or $0.73 per share, in 2008. Cash flow from operations before working capital changes(3) increased 24% to $872.6 million, or $1.19 per share, from $702.7 million, or $0.99 per share, in the nine months ended September 30, 2008.
Operations Review
Goldcorp's cornerstone asset delivered a strong performance in the third quarter. Gold production at Red Lake totalled 178,800 ounces at a total cash cost of $255 per ounce compared to gold production of 160,100 ounces at a total cash cost of $297 in the third quarter of 2008. Exploration drilling from the 4199 drift is advancing well with three drills off the platform: two drilling the High Grade zone and one drilling targets in the high-potential Party Wall area.
Also in the Red Lake district, dewatering of the Cochenour shaft continued in the third quarter with completion expected during the first quarter of 2010. The Company has completed a study to determine the best way to access and develop the Cochenour ore body. The study indicates that the best method of developing the Cochenour/Bruce Channel deposit is to enlarge and upgrade the existing Cochenour shaft and construct a 5 kilometer high speed tram on the 5400 Level connecting to the Red Lake mine. This will enable the Bruce Channel deposit ore to be hauled directly to the Red Lake mine and processed at the existing mill facility. Preparatory work for the haulage drift project has commenced.
A 31% increase in gold production at Porcupine in Ontario over the 2008 third quarter highlights the strong pattern of sequential improvement over the last year. Gold production at Porcupine totalled 90,600 ounces-its best performance in almost three years-while cash costs fell to $406 per ounce. Grade continued to improve through mining in higher grade stopes and through the development of the new higher grade VAZ zone.
At Los Filos, gold production was 60,200 ounces, driven by its best performance yet in the open pit operations. El Sauzal's production of 45,500 ounces was in line with the forecast production decrease consistent with its declining mine life. At San Dimas, higher grades in the Roberta, Robertita and Marina veins drove a strong improvement in production versus the prior year third quarter. Gold production was 27,500 ounces in the third quarter at a total cash cost of $313 per ounce. At the Marlin mine in Guatemala, quarterly gold and silver production increased both from the second quarter of 2009 and the year-ago quarter, with production of 68,800 ounces of gold and 1,083,200 ounces of silver. These production increases were largely attributable to process enhancements leading to both gold and silver recovery improvements.
Project Update
Positive exploration drilling continued at Eleonore in Quebec. Strong assay results in the deep mineralized zone to the north continued to support ongoing work on an internal prefeasibility study planned for the end of 2009. The study is evaluating the best options for accessing the deep high grade in the north while simultaneously ramping up gold production from the Roberto Zone. Environmental and social impact assessment work is continuing.
In the Dominican Republic, development of the Pueblo Viejo project continued to track on budget and on schedule for initial gold production in the fourth quarter of 2011. Construction of the autoclave and related structures is now well advanced, and the mills have now arrived in the Dominican Republic. Goldcorp's 40% share of gold production in the first five full years of the mine's life is expected to average approximately 400,000 ounces at total cash costs of between $275 and $300 per ounce. Goldcorp's share of proven and probable gold reserves at Pueblo Viejo amounts to nearly 9 million ounces.
Penasquito Update
Since achieving mechanical completion during the third quarter, full commissioning of the first sulphide process line (Line 1) has steadily advanced at Penasquito. On November 2nd, the Company began dispatching the first lead and zinc concentrates from the mine site. The initial lead concentrate shipments are being sold to Industrias Penoles' Met-Mex subsidiary in Torreon, Mexico, while initial zinc concentrates are being trucked to the port of Manzanillo in preparation for shipment to Korea Zinc Co. Ltd. Preliminary metals grades, recoveries and concentrate quality have met or exceeded expectations.
Construction of the second sulphide process line (Line 2) is well underway and progressing toward planned start-up in the third quarter of 2010. Completion of construction of the high pressure grinding rolls circuit is expected in the fourth quarter of 2010, allowing for a ramp-up to the mill's full 130,000 tonnes per day capacity in early 2011. For the latest photographs from the site, please visit www.goldcorp.com and click on Operations/Penasquito.
Mining activities continue to provide sulphide ore for the start-up of the Line 1 plant with rates in excess of 500,000 tonnes per day. Initial pre-stripping has uncovered more sulphide ore than was modeled, and the resulting ore stockpile has added a significant degree of ore feed flexibility. At September 30, 2009, 6.2 million tonnes of ore were stockpiled and an additional 2 million tonnes were exposed in the pit and available for mining.
"The rate of progress we continue to make at Penasquito remains consistent with our ramp-up schedule," added Jeannes. "The team there continues to exceed our expectations as the transition from project to world-class mine remains well on track. This ongoing success supports our expectation that Penasquito will contribute to our five-year 50% growth profile just as we anticipated. Upon completion of the updated Penasquito mine plan, the data will be integrated into our 2010 corporate budget and specific full-year expectations disclosed in January 2010."
Corporate Social Responsibility Update
During the third quarter, Marlin mine in Guatemala became Goldcorp's third gold mine to be fully certified under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold. Marlin's achievement makes it the first mine in Central America to be so certified, following Marigold mine as the first-ever gold mining operation to be certified and El Sauzal as the first-ever mine in Mexico to be certified. Goldcorp is an industry leader in its commitment to the safe handling and use of cyanide in applicable mining operations.
2009 Outlook
In light of continued strength in production at many of its key gold mines, the Company today revised operating guidance for the 2009 year. Gold production guidance has been increased from 2.3 million ounces to approximately 2.4 million ounces. Guidance on total cash costs has also changed in light of the Company's stronger operating performance. Total cash costs for 2009 are now expected to be approximately $300 per ounce of gold on a by-product basis compared to previous guidance of $365 per ounce. On a co-product basis, total cash costs are now expected to be less than $400 per ounce compared to previous guidance of $400 per ounce. Price assumptions used in the calculation of these new estimates for the fourth quarter are $15 silver, $2.75 copper, $75 per barrel oil, and US Dollar exchange rates of $1.10 Canadian Dollars and $12.50 Mexican pesos.
This release should be read in conjunction with Goldcorp's third quarter 2009 unaudited MD&A report on the Company's website, www.goldcorp.com, in the "Investors" section under "Financials".
A conference call will be held on November 5, 2009 at 10:00 a.m. (PDT) to discuss the third quarter results. Participants may join the call by dialing toll free 888-300-0053 888-300-0053 or 647-427-3420 647-427-3420 for calls from outside Canada and the US. A recorded playback of the call can be accessed after the event until December 5, 2009 by dialing 800-642-1687 800-642-1687 or 706-645-9291 706-645-9291 for calls outside Canada and the US. Passcode: 34518604. A live and archived audio webcast will also be available at www.goldcorp.com.
Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas. Its gold production remains 100% unhedged.
(1) Adjusted net earnings is a non-GAAP measure. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use this information to evaluate the Company's performance. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Refer to page 34 of the 2009 third quarter MD&A for a reconciliation of adjusted earnings to reported net earnings.
(2) The Company has included a non-GAAP performance measure, total cash cost per gold ounce, throughout this document. The Company reports total cash costs on a sales basis. In the gold mining industry, this is a common performance measure but does not have any standardized meaning, and is a non-GAAP measure. The Company follows the recommendations of the Gold Institute standard. The Company believes that, in addition to conventional measures, prepared in accordance with GAAP, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Refer to page 33 of the 2009 third quarter MD&A for a reconciliation of total cash costs to reported operating expenses.
(3) Operating cash flows before working capital changes and operating cash flows before working capital changes per share are non-GAAP measures which the Company believes provides a better indicator of the Company's ability to generate cash flow from its mining operations. Cash provided by operating activities reported in accordance with GAAP was $341.9 million and $903.7 million, respectively for the three months and nine months ended September 30, 2009.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp Inc. ("Goldcorp"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes; delays in obtaining governmental approvals or financing or in the completion of development or construction activities and other risks of the mining industry, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Goldcorp's annual information form for the year ended December 31, 2008 available at www.sedar.com.Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.
FINANCIAL STATEMENTS - see news at www.goldcorp.com
For more information, please contact
Goldcorp Inc.Jeff WilhoitVice President, Investor Relations (604) 696-3074 (604) 696-3074(604) 696-3001 (FAX)info@goldcorp.comwww.goldcorp.com
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Wednesday, November 04, 2009
Mining Stocks News - St. Elias Mines Ltd.(TSX VENTURE: SLI.V): Strawberry Flats Gold Project, British Columbia
Mining Stocks News - St. Elias Mines Ltd.(TSX VENTURE: SLI.V): Strawberry Flats Gold Project, British Columbia
VANCOUVER, BRITISH COLUMBIA-- Nov. 4, 2009 - Lori McClenahan, President of St. Elias Mines Ltd. ("St. Elias" or the "Company") (TSX VENTURE: SLI.V)(FRANKFURT: EKL.F)(U.S. CLEARING SYMBOL:SELSF), is pleased to announce that St. Elias has acquired, by staking, a 100% interest in the Strawberry Flats Gold Project ("SFG Project") located in southcentral British Columbia.
The SFG Project, comprising four mineral claims covering approximately 886 ha (2,200 acres), is located just north (approximately 12km) of the historic Rossland Gold Camp which produced 2,700,000 ounces of gold between 1897 and the early 1940's.
Previous work at the SFG Project included a small trenching program completed by Cameco in 1989. The program was designed to determine the bedrock source of gold in soil anomalies in an area within the Strawberry Flats Gold Project. Cameco's trench #5 returned 8m of 10.45g/t Au including 2m of 39.16g/t Au from continuous 1m long chip samples. Cameco's report indicates that the 7m wide WNW trending gold rich structure exposed in trench #5 is of sufficient grade to warrant follow-up along strike in both directions and at depth.
- The geological information and analytical results reported above predate National Instrument 43-101 and are not National Instrument 43-101 compliant. St. Elias Mines has not undertaken any independent investigations of the dimensions, quantity or grade of this gold mineralization, and therefore these historical data should not be relied upon.
The SFG Project adjoins the Jumping Josephine Project owned by Astral Mining Corp. and Kootenay Gold Inc. who announced on October 29, 2009 their application for a 10,000 tonne bulk sampling permit from their JJ Main zone. Drilling at this zone during 2007 - 2008 from within the proposed test pit area included 10m of 9.95g/t gold and 8m of 8.31g/t gold. As with trench #5 at the SFG Project, there is local high-grade concentration of gold including 1m of 56.4g/t gold, 61.8g/t gold and 57.5g/t gold.
In keeping with St. Elias' business strategy, the Company is actively seeking a joint venture partner for the Strawberry Flats Gold Project.
Qualified Person
The data contained in this News Release has been reviewed and verified by Duncan Bain, B.Sc., P.Geo., a "qualified person" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian securities administrators.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 1-888-895-5522 (toll free US and Canada).
ST. ELIAS MINES LTD.
Lori McClenahan, President
This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.
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VANCOUVER, BRITISH COLUMBIA-- Nov. 4, 2009 - Lori McClenahan, President of St. Elias Mines Ltd. ("St. Elias" or the "Company") (TSX VENTURE: SLI.V)(FRANKFURT: EKL.F)(U.S. CLEARING SYMBOL:SELSF), is pleased to announce that St. Elias has acquired, by staking, a 100% interest in the Strawberry Flats Gold Project ("SFG Project") located in southcentral British Columbia.
The SFG Project, comprising four mineral claims covering approximately 886 ha (2,200 acres), is located just north (approximately 12km) of the historic Rossland Gold Camp which produced 2,700,000 ounces of gold between 1897 and the early 1940's.
Previous work at the SFG Project included a small trenching program completed by Cameco in 1989. The program was designed to determine the bedrock source of gold in soil anomalies in an area within the Strawberry Flats Gold Project. Cameco's trench #5 returned 8m of 10.45g/t Au including 2m of 39.16g/t Au from continuous 1m long chip samples. Cameco's report indicates that the 7m wide WNW trending gold rich structure exposed in trench #5 is of sufficient grade to warrant follow-up along strike in both directions and at depth.
- The geological information and analytical results reported above predate National Instrument 43-101 and are not National Instrument 43-101 compliant. St. Elias Mines has not undertaken any independent investigations of the dimensions, quantity or grade of this gold mineralization, and therefore these historical data should not be relied upon.
The SFG Project adjoins the Jumping Josephine Project owned by Astral Mining Corp. and Kootenay Gold Inc. who announced on October 29, 2009 their application for a 10,000 tonne bulk sampling permit from their JJ Main zone. Drilling at this zone during 2007 - 2008 from within the proposed test pit area included 10m of 9.95g/t gold and 8m of 8.31g/t gold. As with trench #5 at the SFG Project, there is local high-grade concentration of gold including 1m of 56.4g/t gold, 61.8g/t gold and 57.5g/t gold.
In keeping with St. Elias' business strategy, the Company is actively seeking a joint venture partner for the Strawberry Flats Gold Project.
Qualified Person
The data contained in this News Release has been reviewed and verified by Duncan Bain, B.Sc., P.Geo., a "qualified person" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian securities administrators.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 1-888-895-5522 (toll free US and Canada).
ST. ELIAS MINES LTD.
Lori McClenahan, President
This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.
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Monument (TSX-V: MMY and FSE: D7Q1) Pours First Gold From Gravity Circuit
Monument Pours First Gold From Gravity Circuit
Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" announces that it has poured the first gold from the newly commissioned gravity circuit of the 1200 tpd gold treatment plant at its wholly owned Selinsing Gold Project located in Pahang State, Malaysia.
The Selinsing Gold Project was acquired by the Company in June 2007. Since then the Company has been developing the open pit gold mine together with building a 1,200 tpd gold treatment plant in two construction phases, and commenced mining in July 2009. Commissioning of the Phase I gravity circuit commenced in August 2009 with the first gold pour occurring in October 2009. The Company now continues to operate and optimize the performance of the Phase I gravity circuit in conjunction with the construction of the Phase II carbon in leach circuit ("CIL circuit"). The Selinsing Gold Project currently has a work force of over 120 trained employees and mine contractors on site.
Robert Baldock, President and CEO of Monument Mining states, "We are very pleased to announce the fast track completion of construction of Phase I of the Selinsing gold treatment plant, less than 28 months after the property acquisition. Phase I was completed on budget and Phase II is expected on target for completion by the end of December 2009. This first gold pour is an event of great importance in the development and growth of the Company and is a testament to the experienced hard working team at Monument Mining." (Photographs of the first gold pour are available on the company's website at www.monumentmining.com in the photo gallery section).
Monument is 100 per cent unhedged and will be selling gold production into the market during a period of historically high gold prices to help fund Phase II construction.
With the planned commissioning of Phase II of the gold processing plant in December 2009, the project will ramp up to the full circuit production capacity of 40,000 ounces per year.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 490- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
Not for distribution to U.S. news wire services or dissemination in the United States. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information contained herein. Certain disclosures in this release, including management's assessment of the Company's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such.
Forward-Looking Statement
This press release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans, including the contemplated phase I and phase II development plans resulting in the commencement of mining and gold production, and in respect of the dates and amounts projected for these two phases resulting in the plant construction, gold production, gold sales and costs of the Selinsing Project. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of t he gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.
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Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" announces that it has poured the first gold from the newly commissioned gravity circuit of the 1200 tpd gold treatment plant at its wholly owned Selinsing Gold Project located in Pahang State, Malaysia.
The Selinsing Gold Project was acquired by the Company in June 2007. Since then the Company has been developing the open pit gold mine together with building a 1,200 tpd gold treatment plant in two construction phases, and commenced mining in July 2009. Commissioning of the Phase I gravity circuit commenced in August 2009 with the first gold pour occurring in October 2009. The Company now continues to operate and optimize the performance of the Phase I gravity circuit in conjunction with the construction of the Phase II carbon in leach circuit ("CIL circuit"). The Selinsing Gold Project currently has a work force of over 120 trained employees and mine contractors on site.
Robert Baldock, President and CEO of Monument Mining states, "We are very pleased to announce the fast track completion of construction of Phase I of the Selinsing gold treatment plant, less than 28 months after the property acquisition. Phase I was completed on budget and Phase II is expected on target for completion by the end of December 2009. This first gold pour is an event of great importance in the development and growth of the Company and is a testament to the experienced hard working team at Monument Mining." (Photographs of the first gold pour are available on the company's website at www.monumentmining.com in the photo gallery section).
Monument is 100 per cent unhedged and will be selling gold production into the market during a period of historically high gold prices to help fund Phase II construction.
With the planned commissioning of Phase II of the gold processing plant in December 2009, the project will ramp up to the full circuit production capacity of 40,000 ounces per year.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 490- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
Not for distribution to U.S. news wire services or dissemination in the United States. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information contained herein. Certain disclosures in this release, including management's assessment of the Company's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such.
Forward-Looking Statement
This press release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans, including the contemplated phase I and phase II development plans resulting in the commencement of mining and gold production, and in respect of the dates and amounts projected for these two phases resulting in the plant construction, gold production, gold sales and costs of the Selinsing Project. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of t he gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.
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Investors on the Hunt for Next Great Gold Stock as Gold Prices Rise Again
Investors on the Hunt for Next Great Gold Stock as Gold Prices Rise Again
Investorideas.com Gold Stocks and Mining Stocks Directory Features over 900 Publicly Traded Mining Companies to Research
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Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year
Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Investorideas.com Gold Stocks and Mining Stocks Directory Features over 900 Publicly Traded Mining Companies to Research
DELTA, BC – November 4, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com , www.MiningSectorStocks.com, present the mining stocks directory, with over 900 mining stocks for investors on the hunt for the next great gold stock. As gold prices continue to rise, investors and online traders are once again turning to resource stocks in the market.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year
Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Tuesday, November 03, 2009
Mining Stock News - Silvercorp Lists on New York Stock Exchange
Mining Stock News - Silvercorp Lists on New York Stock Exchange
VANCOUVER, BRITISH COLUMBIA- Silvercorp Metals Inc. (TSX:SVM)(NYSE Amex:SVM) ("Silvercorp") is pleased to announce that it will transfer its NYSE Amex listing to the New York Stock Exchange ("NYSE"). Trading of the Company's common shares under the symbol SVM is expected to begin at the opening of the NYSE on November 5, 2009. The Company's Canadian exchange will remain the Toronto Stock Exchange.
"The listing of Silvercorp on the NYSE will increase Silvercorp's visibility in the capital markets and raise our profile among current and prospective investors. We are proud of our growth and development into one of the lowest cost primary silver producers internationally and we remain focused on continuing to add value for our shareholders," commented Dr. Rui Feng, Chairman and Chief Executive Officer of Silvercorp.
Conference Call – Time revised to 9:00 am PT/12:00 pm ET on November 10, 2009
Silvercorp's management will hold a conference call to discuss the Company's second quarter results with analysts on Tuesday, November 10, 2009, at 9:00 a.m. PT/12:00 p.m. ET instead of the previously announced time in news released October 29, 2009.
Shareholders, media and interested investors are invited to listen to the live conference call over the internet by going to www.silvercorp.ca and clicking on the conference call link on the home page or over the phone by dialing (612) 288-0329 (612) 288-0329 just prior to the starting time. Analysts who wish to receive the toll-free dial-in number for this conference call are invited to contact Silvercorp at (604) 669-9397 (604) 669-9397 or via email to ir@silvercorp.ca no later than 2:00 p.m. PST on Monday, November 9, 2009. All participants will be asked to register with the conference call operator.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and production of silver-related mineral properties located in the People's Republic of China. Silvercorp is operating and developing four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China. The company is also applying for a mining permit at the Gaocheng property in the Guangdong Province of China to commence production from mining operations of silver, lead and zinc. Silvercorp is the largest primary silver producer operating in China. Silvercorp's shares are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
VANCOUVER, BRITISH COLUMBIA- Silvercorp Metals Inc. (TSX:SVM)(NYSE Amex:SVM) ("Silvercorp") is pleased to announce that it will transfer its NYSE Amex listing to the New York Stock Exchange ("NYSE"). Trading of the Company's common shares under the symbol SVM is expected to begin at the opening of the NYSE on November 5, 2009. The Company's Canadian exchange will remain the Toronto Stock Exchange.
"The listing of Silvercorp on the NYSE will increase Silvercorp's visibility in the capital markets and raise our profile among current and prospective investors. We are proud of our growth and development into one of the lowest cost primary silver producers internationally and we remain focused on continuing to add value for our shareholders," commented Dr. Rui Feng, Chairman and Chief Executive Officer of Silvercorp.
Conference Call – Time revised to 9:00 am PT/12:00 pm ET on November 10, 2009
Silvercorp's management will hold a conference call to discuss the Company's second quarter results with analysts on Tuesday, November 10, 2009, at 9:00 a.m. PT/12:00 p.m. ET instead of the previously announced time in news released October 29, 2009.
Shareholders, media and interested investors are invited to listen to the live conference call over the internet by going to www.silvercorp.ca and clicking on the conference call link on the home page or over the phone by dialing (612) 288-0329 (612) 288-0329 just prior to the starting time. Analysts who wish to receive the toll-free dial-in number for this conference call are invited to contact Silvercorp at (604) 669-9397 (604) 669-9397 or via email to ir@silvercorp.ca no later than 2:00 p.m. PST on Monday, November 9, 2009. All participants will be asked to register with the conference call operator.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and production of silver-related mineral properties located in the People's Republic of China. Silvercorp is operating and developing four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China. The company is also applying for a mining permit at the Gaocheng property in the Guangdong Province of China to commence production from mining operations of silver, lead and zinc. Silvercorp is the largest primary silver producer operating in China. Silvercorp's shares are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Mining Stocks News- HudBay (TSX:HBM) Exercises Warrants of Polar Star Mining
Mining Stocks News- HudBay (TSX:HBM) Exercises Warrants of Polar Star Mining
TORONTO, ONTARIO-- Nov. 3, 2009- HudBay Minerals Inc. ("HudBay", "the company") (TSX:HBM) today announced that, following the exercise of warrants of Polar Star Mining Corporation ("Polar Star"), it has acquired 1,004,366 common shares of Polar Star, bringing its aggregate holding of common shares to 6,873,704, representing 11.52% of Polar Star's issued and outstanding common shares as at June 30, 2009. In addition, HudBay holds warrants exercisable for an additional 1,930,302 common shares which upon exercise, together with the common shares presently owned by the company, would represent 14.75% of Polar Star's issued and outstanding common shares. The exercise price per warrant was $0.45 for an aggregate exercise price of approximately CDN$450,000. The acquisition of the common shares on the exercise of the warrants was made for investment purposes.
HudBay Minerals Inc.: Strength to Build the Future
HudBay Minerals Inc. (TSX:HBM) is a Canadian integrated mining company with assets in North and Central America principally focused on the discovery, production and marketing of base metals. The company's objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. A member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, HudBay is committed to high standards of corporate governance and sustainability.
www.hudbayminerals.com
(HBM-G)
For more information, please contact
HudBay Minerals Inc.John VincicVice President, Investor Relations andCorporate Communications (416) 362 0615 (416) 362 0615john.vincic@hudbayminerals.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
TORONTO, ONTARIO-- Nov. 3, 2009- HudBay Minerals Inc. ("HudBay", "the company") (TSX:HBM) today announced that, following the exercise of warrants of Polar Star Mining Corporation ("Polar Star"), it has acquired 1,004,366 common shares of Polar Star, bringing its aggregate holding of common shares to 6,873,704, representing 11.52% of Polar Star's issued and outstanding common shares as at June 30, 2009. In addition, HudBay holds warrants exercisable for an additional 1,930,302 common shares which upon exercise, together with the common shares presently owned by the company, would represent 14.75% of Polar Star's issued and outstanding common shares. The exercise price per warrant was $0.45 for an aggregate exercise price of approximately CDN$450,000. The acquisition of the common shares on the exercise of the warrants was made for investment purposes.
HudBay Minerals Inc.: Strength to Build the Future
HudBay Minerals Inc. (TSX:HBM) is a Canadian integrated mining company with assets in North and Central America principally focused on the discovery, production and marketing of base metals. The company's objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. A member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, HudBay is committed to high standards of corporate governance and sustainability.
www.hudbayminerals.com
(HBM-G)
For more information, please contact
HudBay Minerals Inc.John VincicVice President, Investor Relations andCorporate Communications (416) 362 0615 (416) 362 0615john.vincic@hudbayminerals.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Wednesday, October 28, 2009
Investorideas.com Mining Stocks Directory of 900 Publicly Traded Mining Companies Available in PDF
Investorideas.com Mining Stocks Directory of 900 Publicly Traded Mining Companies Available in PDF
Mining Stocks and Gold Stocks Directory also Included in Investor Ideas Membership
DELTA, BC – October 28, 2009, www.InvestorIdeas.com, and its mining stocks portals http://www.gold-miningstocks.com/ , http://www.miningsectorstocks.com/, new mining stocks directory, with over 900 mining stocks is now available to investors in PDF format .
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
About our Mining Portals:
http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year
Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Mining Stocks and Gold Stocks Directory also Included in Investor Ideas Membership
DELTA, BC – October 28, 2009, www.InvestorIdeas.com, and its mining stocks portals http://www.gold-miningstocks.com/ , http://www.miningsectorstocks.com/, new mining stocks directory, with over 900 mining stocks is now available to investors in PDF format .
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
About our Mining Portals:
http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year
Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Tuesday, October 27, 2009
New Mining Stocks and Gold Stocks RSS News Feed Moves Into Top 10 Visited Pages at Investorideas.com
New Mining Stocks and Gold Stocks RSS News Feed Moves Into Top 10 Visited Pages at Investorideas.com
POINT ROBERTS, WA and DELTA, BC – October 27, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com and www.MiningSectorStocks.com, announce the recently created mining stocks RSS news feed for investors following news and developments in the sector had moved into one of the top 10 pages at Investorideas.com
News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases and press releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Visit the news feed-Gold & Mining Stocks News at Investorideas.com
http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News – Publish news and pay online. News is featured on the Investor Ideas News wire and the New Gold and Mining RSS feed.
Publish Mining News Online :http://www1.investorideas.com/NewsUploader/Default.aspx
Investorideas.com is currently offering publicly traded mining stocks and related IR firms interested in learning about becoming a showcase mining company a complimentary mining news release publication on the Investor Ideas Newswire and the new mining stocks RSS news feed.
Mining Stocks Investor Awareness Programs Promo- call us at 800 665 0411 to get a free news release published and test us out !
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
-Public companies please contact us with updates, corrections and additions.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 8 stock directories and investor newsletter for just $99 year
Learn more: http://www.investorideas.com/membership/ Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. Coming soon – mining stocks directory!
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
POINT ROBERTS, WA and DELTA, BC – October 27, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com and www.MiningSectorStocks.com, announce the recently created mining stocks RSS news feed for investors following news and developments in the sector had moved into one of the top 10 pages at Investorideas.com
News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases and press releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Visit the news feed-Gold & Mining Stocks News at Investorideas.com
http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News – Publish news and pay online. News is featured on the Investor Ideas News wire and the New Gold and Mining RSS feed.
Publish Mining News Online :http://www1.investorideas.com/NewsUploader/Default.aspx
Investorideas.com is currently offering publicly traded mining stocks and related IR firms interested in learning about becoming a showcase mining company a complimentary mining news release publication on the Investor Ideas Newswire and the new mining stocks RSS news feed.
Mining Stocks Investor Awareness Programs Promo- call us at 800 665 0411 to get a free news release published and test us out !
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
-Public companies please contact us with updates, corrections and additions.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 8 stock directories and investor newsletter for just $99 year
Learn more: http://www.investorideas.com/membership/ Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. Coming soon – mining stocks directory!
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Thursday, October 22, 2009
Weakening Dollar and Global Recovery Contribute to Increased Demand for Gold
Weakening Dollar and Global Recovery Contribute to Increased Demand for Gold
NEW YORK-- October 22 2009 - The combination of a stronger global economy, an unchanged policy stance by the major central banks, and a weakening dollar increased demand for gold as a store of value in Q3. The gold price ended the third quarter at US$995.75/oz on the London PM fix, having surpassed the symbolic US$1000/oz level two weeks before the close of the quarter, according to World Gold Council’s latest Gold Investment Digest.
Gold exchange traded funds continued to grow in popularity over the quarter, reaching another record in tonnage terms. The total volume of gold purchased via the major exchange traded funds increased by 38.5 tonnes in the third quarter, taking total holdings to a record 1732.5 tonnes, the equivalent of US$55.5 billion.
While preliminary reports on third quarter trends in India suggest jewelry demand remained weak, the upcoming wedding and festival season indicated signs of seasonal improvement. Reports from China continued to be upbeat, while consumers in the US market still curbed discretionary purchases as a result of the economic downturn.
Separately, the European Central Bank announced a third Central Bank Gold Agreement, lowering the annual sales ceiling to 400 tonnes from 500 tonnes in the previous agreement.
Natalie Dempster, Head of Investment, North America, World Gold Council commented:
“A recovering global economy coupled with most major central banks keeping benchmark rates at record low levels increased demand for gold as a store of value, as some investors feared about future inflation. Moreover, we saw an improvement in risk appetite during the quarter, which also put more downward pressure on the dollar as investors sold US Treasuries in favor of higher yielding assets overseas, further increasing demand for gold as a dollar hedge.
“Market volatility decreased over the third quarter, albeit at a slower pace. While volatility is, in general, still higher than pre-recessionary levels, gold remained one of the least volatile commodities that we monitor on a constant basis.”
World Gold Council
World Gold Council’s mission is to stimulate and sustain the demand for gold and to create enduring value for its stakeholders. It is funded by the world’s leading gold mining companies. For further information visit www.gold.org.
Gold stocks and Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
NEW YORK-- October 22 2009 - The combination of a stronger global economy, an unchanged policy stance by the major central banks, and a weakening dollar increased demand for gold as a store of value in Q3. The gold price ended the third quarter at US$995.75/oz on the London PM fix, having surpassed the symbolic US$1000/oz level two weeks before the close of the quarter, according to World Gold Council’s latest Gold Investment Digest.
Gold exchange traded funds continued to grow in popularity over the quarter, reaching another record in tonnage terms. The total volume of gold purchased via the major exchange traded funds increased by 38.5 tonnes in the third quarter, taking total holdings to a record 1732.5 tonnes, the equivalent of US$55.5 billion.
While preliminary reports on third quarter trends in India suggest jewelry demand remained weak, the upcoming wedding and festival season indicated signs of seasonal improvement. Reports from China continued to be upbeat, while consumers in the US market still curbed discretionary purchases as a result of the economic downturn.
Separately, the European Central Bank announced a third Central Bank Gold Agreement, lowering the annual sales ceiling to 400 tonnes from 500 tonnes in the previous agreement.
Natalie Dempster, Head of Investment, North America, World Gold Council commented:
“A recovering global economy coupled with most major central banks keeping benchmark rates at record low levels increased demand for gold as a store of value, as some investors feared about future inflation. Moreover, we saw an improvement in risk appetite during the quarter, which also put more downward pressure on the dollar as investors sold US Treasuries in favor of higher yielding assets overseas, further increasing demand for gold as a dollar hedge.
“Market volatility decreased over the third quarter, albeit at a slower pace. While volatility is, in general, still higher than pre-recessionary levels, gold remained one of the least volatile commodities that we monitor on a constant basis.”
World Gold Council
World Gold Council’s mission is to stimulate and sustain the demand for gold and to create enduring value for its stakeholders. It is funded by the world’s leading gold mining companies. For further information visit www.gold.org.
Gold stocks and Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
Wednesday, October 21, 2009
Gold Stocks and Mining Stocks Research Reports
Gold/Mining Stocks Research Reports on Investorideas.com and our mining portals
Mosquito Consolidated Gold Mines Limited (TSX-V:MSQ) - focus primarily on molybdenum and copper and, to a lesser extent gold, this company is on the move
Augen Gold Corp. (TSX-V:GLD) - is a Canadian junior exploration company that has 100% ownership of 24,355 heactares of mineral claims on the Swayze Greenstone Belt property in Ontario
SEMAFO Inc. is an excellent vehicle to profit from a rising gold price
San Gold Corporation (TSX-V:SGR) - Bulk Sampling Program Validated High Grade Gold at the Hinge Zone
Molycor Gold Corporation (TSX-V:MOR) - NI 43-101 Magnesium Resource for Tami-Mosi Project, Neveda
This Week is Critical for Gold and Stocks
Where Was Your Money in 2008?
Monument Mining Ltd. (TSX-V: MMY; FSE: D7Q1) - Initiating Coverage; Fast Tracking Gold Production in Malaysia
Speculative Buy Recommendation for WESCAN GOLDFIELDS INC.(TSX.V:WGF) with the 12 month target price lowered to $1.25 - RECENT DEVELOPMENT: ADDITIONAL COAL PERMITS
Speculative Buy Recommendation for ROYAL ROADS CORP.(TSX.V:RRO) with the 12 month target price lowered to $0.40 - RECENT DEVELOPMENT: NI 43-101 RESOURCE ESTIMATES FOR LUNDBERGAND ENGINE HOUSE
Mosquito Consolidated Gold Mines Limited (TSX-V:MSQ) - focus primarily on molybdenum and copper and, to a lesser extent gold, this company is on the move
Augen Gold Corp. (TSX-V:GLD) - is a Canadian junior exploration company that has 100% ownership of 24,355 heactares of mineral claims on the Swayze Greenstone Belt property in Ontario
SEMAFO Inc. is an excellent vehicle to profit from a rising gold price
San Gold Corporation (TSX-V:SGR) - Bulk Sampling Program Validated High Grade Gold at the Hinge Zone
Molycor Gold Corporation (TSX-V:MOR) - NI 43-101 Magnesium Resource for Tami-Mosi Project, Neveda
This Week is Critical for Gold and Stocks
Where Was Your Money in 2008?
Monument Mining Ltd. (TSX-V: MMY; FSE: D7Q1) - Initiating Coverage; Fast Tracking Gold Production in Malaysia
Speculative Buy Recommendation for WESCAN GOLDFIELDS INC.(TSX.V:WGF) with the 12 month target price lowered to $1.25 - RECENT DEVELOPMENT: ADDITIONAL COAL PERMITS
Speculative Buy Recommendation for ROYAL ROADS CORP.(TSX.V:RRO) with the 12 month target price lowered to $0.40 - RECENT DEVELOPMENT: NI 43-101 RESOURCE ESTIMATES FOR LUNDBERGAND ENGINE HOUSE
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
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Mining Stocks Investor Awareness Programs
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InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks
Mining Stocks and Gold Stocks Directory Now Included in Investor Ideas Membership; Now Features 9 Stock Directories and Investor Newsletter
Mining Stocks and Gold Stocks Directory Now Included in Investor Ideas Membership; Now Features 9 Stock Directories and Investor Newsletter
Members Get Stock Directories for Mining Stocks, Oil and Gas Stocks, Natural Gas Stocks, Renewable Energy and more…
DELTA, BC – October 22, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com , www.MiningSectorStocks.com, has added the new mining stocks directory, with over 900 mining stocks, to its Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
The mining stocks directory will also be sold separately in a PDF format for avid mining investors for a one time fee of $29.95.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
Directory Preview:
Abacus Mining & Exploration (TSX:AME.V) is a mineral exploration and development company with advanced-stage projects located in the prolific Afton Mining Camp near Kamloops, British Columbia (copper and gold).
Abcourt Mines (TSX:ABI.V; OTCPK:ABMBF) is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased.
Aberdeen International (OTCPK:AABVF) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector
Abitex Resources Inc. (TSX:ABE.V) is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of uranium, gold and base metal exploration projects in Eastern Canada, three of which have historical resources. The Company is focused on advancing its uranium projects but is also evaluating new opportunities in order to enhance shareholder value
Acadian Mining Corporation (TSX:ADA.TO) is a Halifax, Nova Scotia, Canada based mining company that owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance, and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (TSX:RRO.V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Acclaim Exploration NL (ASX:AEX.AX) is a publicly listed mineral exploration company based in Perth, Western Australia. Acclaim Exploration's primary focus is the Dalton Uranium / Gold Project in South Africa.
Acero-Martin Exploration Inc (TSX:ASD.V; Frankfurt:AMX.F) is a publicly held resource company based in Vancouver, Canada. The Company is listed on the Toronto Venture Exchange under the symbol ASD and the Frankfurt Exchange under the symbol AMX. Acero-Martin is rapidly building a leading gold and copper exploration company with a focus on Peru. The Company’s key project, Pinaya, is located approximately 775 kilometres southeast of the city of Lima. Pinaya, wholly owned by the Company, is one of Peru’s premier gold and copper exploration prospects.
Active Control Technology Inc. (TSX:ACT.V) is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT.
Adamus Resources Limited (TSX:ADU.V; ASX:ADU.AX) is an exploration company, whose main focus is on realising the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa. The Project comprises a Greenfield development of open pit mining operations, a processing facility and associated infrastructure to mine and process ore from defined resources in concessions including Salman-Akanko and Anwia-Bokazo deposits. Current estimates show the Project to have a minimum life of 10 years and produce on average 100,000oz of gold per year.
Adanac Moly Corporation (TSX:AUA.TO; Frankfurt:A9N.F) is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Project in northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing
Adriana Resources Inc. (TSX:ADI.V) Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
Adroit Resources Inc. (TSX:ADT.V) is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 51,834,037 common shares.
Afrasia Mineral Fields Inc (TSX:AFS-H.V) Afrasia is a publicly listed company actively seeking a project of merit.
Afri-Can Marine Minerals Corporation (TSX:AFA.V) is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in unexplored prospective territories.
African Copper PLC (LSE:ACU.L) The Company's wholly-owned subsidiary Messina holds the Dukwe Project comprising exploration licence PL 33/2005, with an area of 139.6 km2, and within the exploration licence a mining licence 2006/53L of 32.7 km2 valid until end 2031 .To the north of PL 33/2005 an additional licence was applied for and awarded during 2008; this licence 180/2008 covers an area of 114.4 km2. The Dukwe Project with its associated licences encompasses the Mowana Mine and all current estimated mineral resources and reserves associated with the mine; together with north and south extensions of mineralization that lie outside of the Mowana Mine licence area. Open pit proven (10.82 million tonnes at 1% copper) and probable (3.98 million tonnes at 1.4% copper) reserves have been estimated for a total of 14.8 million tonnes grading 1.11 per cent. Copper. The Company's wholly-owned subsidiary Matsitama holds the Matsitama Project, which is comprised of the Matsitama Licences. In the Matsitama Project area African Copper holds five prospecting licences which are contiguous with the Mowana Mine deposit. All the licences are valid and contain prospective areas of mineralization.
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News
Mining Stocks Investor Awareness Programs
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year
Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Members Get Stock Directories for Mining Stocks, Oil and Gas Stocks, Natural Gas Stocks, Renewable Energy and more…
DELTA, BC – October 22, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com , www.MiningSectorStocks.com, has added the new mining stocks directory, with over 900 mining stocks, to its Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
The mining stocks directory will also be sold separately in a PDF format for avid mining investors for a one time fee of $29.95.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
Directory Preview:
Abacus Mining & Exploration (TSX:AME.V) is a mineral exploration and development company with advanced-stage projects located in the prolific Afton Mining Camp near Kamloops, British Columbia (copper and gold).
Abcourt Mines (TSX:ABI.V; OTCPK:ABMBF) is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased.
Aberdeen International (OTCPK:AABVF) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector
Abitex Resources Inc. (TSX:ABE.V) is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of uranium, gold and base metal exploration projects in Eastern Canada, three of which have historical resources. The Company is focused on advancing its uranium projects but is also evaluating new opportunities in order to enhance shareholder value
Acadian Mining Corporation (TSX:ADA.TO) is a Halifax, Nova Scotia, Canada based mining company that owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance, and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (TSX:RRO.V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Acclaim Exploration NL (ASX:AEX.AX) is a publicly listed mineral exploration company based in Perth, Western Australia. Acclaim Exploration's primary focus is the Dalton Uranium / Gold Project in South Africa.
Acero-Martin Exploration Inc (TSX:ASD.V; Frankfurt:AMX.F) is a publicly held resource company based in Vancouver, Canada. The Company is listed on the Toronto Venture Exchange under the symbol ASD and the Frankfurt Exchange under the symbol AMX. Acero-Martin is rapidly building a leading gold and copper exploration company with a focus on Peru. The Company’s key project, Pinaya, is located approximately 775 kilometres southeast of the city of Lima. Pinaya, wholly owned by the Company, is one of Peru’s premier gold and copper exploration prospects.
Active Control Technology Inc. (TSX:ACT.V) is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT.
Adamus Resources Limited (TSX:ADU.V; ASX:ADU.AX) is an exploration company, whose main focus is on realising the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa. The Project comprises a Greenfield development of open pit mining operations, a processing facility and associated infrastructure to mine and process ore from defined resources in concessions including Salman-Akanko and Anwia-Bokazo deposits. Current estimates show the Project to have a minimum life of 10 years and produce on average 100,000oz of gold per year.
Adanac Moly Corporation (TSX:AUA.TO; Frankfurt:A9N.F) is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Project in northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing
Adriana Resources Inc. (TSX:ADI.V) Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
Adroit Resources Inc. (TSX:ADT.V) is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 51,834,037 common shares.
Afrasia Mineral Fields Inc (TSX:AFS-H.V) Afrasia is a publicly listed company actively seeking a project of merit.
Afri-Can Marine Minerals Corporation (TSX:AFA.V) is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in unexplored prospective territories.
African Copper PLC (LSE:ACU.L) The Company's wholly-owned subsidiary Messina holds the Dukwe Project comprising exploration licence PL 33/2005, with an area of 139.6 km2, and within the exploration licence a mining licence 2006/53L of 32.7 km2 valid until end 2031 .To the north of PL 33/2005 an additional licence was applied for and awarded during 2008; this licence 180/2008 covers an area of 114.4 km2. The Dukwe Project with its associated licences encompasses the Mowana Mine and all current estimated mineral resources and reserves associated with the mine; together with north and south extensions of mineralization that lie outside of the Mowana Mine licence area. Open pit proven (10.82 million tonnes at 1% copper) and probable (3.98 million tonnes at 1.4% copper) reserves have been estimated for a total of 14.8 million tonnes grading 1.11 per cent. Copper. The Company's wholly-owned subsidiary Matsitama holds the Matsitama Project, which is comprised of the Matsitama Licences. In the Matsitama Project area African Copper holds five prospecting licences which are contiguous with the Mowana Mine deposit. All the licences are valid and contain prospective areas of mineralization.
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News
Mining Stocks Investor Awareness Programs
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 9 stock directories and investor newsletter for just $99 year
Members - Get the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Investorideas.com Top 10 Investor Searches: Natural Gas Stocks, Renewable Energy Stocks, and Gold Mining Stocks
Investorideas.com Top 10 Investor Searches: Natural Gas Stocks, Renewable Energy Stocks, and Gold Mining Stocks
POINT ROBERTS, Wash., Delta, B.C.–October 21, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks, Renewable Energy Stocks, Gold Stocks and Gold Mining Stocks were the top inbound investor search phrases this week.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated every Wednesday for investors to review.
1. Natural gas stocks: Visit the Natural Gas Stocks Directory: Research Natural Gas stocks
2. Renewable energy stocks: Visit the Renewable Energy Stocks Directory- Research Green Stocks
3. Natural gas news 4. Stock market India 5. Gold mining stocks: Visit the stocks Mining Stocks Directory – Research global mining stocks on TSX, ASX, OTC, NASDAQ and more
6. Gold stocks 7. Natural gas companies on stock market 8. Natural gas companies 9. Green energy stocks 10. Water stocks: Visit the Water Stocks Directory- Research Water Stocks
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
About InvestorIdeas.com:
Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
POINT ROBERTS, Wash., Delta, B.C.–October 21, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks, Renewable Energy Stocks, Gold Stocks and Gold Mining Stocks were the top inbound investor search phrases this week.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated every Wednesday for investors to review.
1. Natural gas stocks: Visit the Natural Gas Stocks Directory: Research Natural Gas stocks
2. Renewable energy stocks: Visit the Renewable Energy Stocks Directory- Research Green Stocks
3. Natural gas news 4. Stock market India 5. Gold mining stocks: Visit the stocks Mining Stocks Directory – Research global mining stocks on TSX, ASX, OTC, NASDAQ and more
6. Gold stocks 7. Natural gas companies on stock market 8. Natural gas companies 9. Green energy stocks 10. Water stocks: Visit the Water Stocks Directory- Research Water Stocks
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Monday, October 19, 2009
VG Gold Corp.: Impressive Gold Grades Intersected at Paymaster West in Timmins, Ontario
VG Gold Corp.: Impressive Gold Grades Intersected at Paymaster West in Timmins, Ontario
TORONTO, ONTARIO-- 10/19/09 - VG Gold Corp., (TSX:VG )(Frankfurt:VN3 ), is pleased to announce that new core drilling from its Paymaster West Project in Timmins, Ontario has successfully intersected high-grade, near surface gold mineralization, including 1,390.0 grams of gold per tonne (gpt) over 0.9 meters (m), or 40.54 ounces of gold (opt) per ton over 3.0 feet (ft). VG Gold has the option to earn a 60% interest in Paymaster West Project from Goldcorp. The project is situated next to Goldcorp's Dome Mine, which has produced 17 million ounces of gold (Figures 1 & 4).
DRILL RESULT HIGHLIGHTS
----------------------------------------------------------------------------Hole Number Gold Grade Interval Gold Grade Interval---------------------------------------------------------------------------- (gpt) (m) (opt) (ft)----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-20 1,390.00 0.9 40.54 3.0----------------------------------------------------------------------------VGP-09-19 11.6 2.0 0.338 6.6----------------------------------------------------------------------------
These positive results followed the initial drill hole results released on September 8, 2009, which returned 41.67 gpt over 1.8 m (1.22 opt over 5.9 ft). Drilling at Paymaster has confirmed the presence of near surface, widespread gold mineralization hosted within altered Quartz Feldspar Porphyry, which is a favorable geological environment for the large gold deposits in Timmins.
The six drill holes reported in this release, shown in the table below, targeted gold mineralization between 150 m and 300 m (500 ft and 1000 ft) below surface (Figure 3).
Gold mineralization at the Paymaster West Project is hosted within strongly altered and well mineralized quartz feldspar porphyry. Alteration consists of pervasive ankerite and sericite alteration with local tourmaline, both disseminated and in veins. Pyrite mineralization is disseminated throughout, with local concentrations to 20%. Visible Gold (VG) was noted in hole VGP-09-20 (Figure 2).
Based on the successful drill results to date, VG Gold is planning to expand its current 6,000 meters (19,685 feet) drill program. Drilling will continue to target porphyry hosted high-grade mineralization located between 150 m and 300 m (500 ft and 1,000 ft) below surface (Figure 3). Two core drill rigs are currently operating at Paymaster.
PAYMASTER PROJECT HISTORICAL SUMMARY
The Paymaster West Property is located in the center of the historic Timmins mining camp (70 million ounces of gold produced). The property is adjacent to the Goldcorp owned Dome Mine, which has produced 17 million oz of gold to date. The mines in the Timmims Gold Camp have produced gold to depths exceeding 2,000 m (6,560 ft).
Production and exploration on the Paymaster West Project occurred between 1910 and 1928 to an approximate depth of 245 m (800 ft). During the 1940's and 1950's a series of core holes successfully intersected high-grade gold mineralization over good widths at depth. This drilling occurred at depths at 460 m (1,500 ft) and at 760 m (2,500 ft) below surface and demonstrated the excellent exploration potential of the Paymaster West Project. For historic drill results, please use the link: http://www.vggoldcorp.com/downloads/Drill_Hole_Table_Paymaster.pdf
VG GOLD.....WE ARE GOLD
QUALIFIED PERSON
All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for VG Gold, who has reviewed this press release. Gold analysis of samples collected by VG Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 10.0 gram per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance program (QA/QC) is in place, using control samples such as Blanks and duplicate checks. In addition, duplicate analyses of 10% of the samples are corroborated by check assays performed at a third party Laboratory.
To learn more about VG Gold (TSX:VG - News), visit our website: www.vggoldcorp.com.
----------------------------------------------------------------------------Hole # East North length length dip az from to width Au (ft) (m) (m) (m) (m) (gpt)----------------------------------------------------------------------------VGP-09-16 6181 9144 1355 413.0 -50 172 176.4 177.4 1.0 6.06 ---------------------------- 259.9 282.9 23.0 1.40 ---------------------------- 294.5 296.1 1.6 2.26 ----------------------------
----------------------------------------------------------------------------VGP-09-17 6181 9144 1169.6 356.5 -68 174 107.5 109.3 1.8 2.37----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-18 5997 9091 1000.7 305.0 -50 180 39.6 41.1 1.5 1.39 ---------------------------- 186.5 188.1 1.5 1.03 ---------------------------- 236.1 237.7 1.6 1.19 ---------------------------- 284.4 285.9 1.5 1.03----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-19 5997 9091 1335.3 407.0 -69 180 114.6 116.6 2.0 11.60 ---------------------------- 208.5 210.0 1.5 3.07 ---------------------------- 383.4 385.4 2.0 3.56----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-20 5797 8848 675.9 206.0 -50 165 41.5 42.4 0.9 1,390.00 ---------------------------- 155.0 156.5 1.5 1.66----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-21 5797 8848 764.4 233.0 -70 165 158.5 162.3 3.8 1.20 ---------------------------- 177.9 181.7 3.9 1.66----------------------------------------------------------------------------
----------------------------------------------------------------------------6 holes 1,920.5 m----------------------------------------------------------------------------
Notes: - Lengths reported are core intersection lengths and do not represent true widths. - It is anticipated that true width estimates will be made possible after additional drilling.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact: Contacts:VG Gold Corp.Tom MeredithPresident 416 368 0099
Source: VG Gold Corp.
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TORONTO, ONTARIO-- 10/19/09 - VG Gold Corp., (TSX:VG )(Frankfurt:VN3 ), is pleased to announce that new core drilling from its Paymaster West Project in Timmins, Ontario has successfully intersected high-grade, near surface gold mineralization, including 1,390.0 grams of gold per tonne (gpt) over 0.9 meters (m), or 40.54 ounces of gold (opt) per ton over 3.0 feet (ft). VG Gold has the option to earn a 60% interest in Paymaster West Project from Goldcorp. The project is situated next to Goldcorp's Dome Mine, which has produced 17 million ounces of gold (Figures 1 & 4).
DRILL RESULT HIGHLIGHTS
----------------------------------------------------------------------------Hole Number Gold Grade Interval Gold Grade Interval---------------------------------------------------------------------------- (gpt) (m) (opt) (ft)----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-20 1,390.00 0.9 40.54 3.0----------------------------------------------------------------------------VGP-09-19 11.6 2.0 0.338 6.6----------------------------------------------------------------------------
These positive results followed the initial drill hole results released on September 8, 2009, which returned 41.67 gpt over 1.8 m (1.22 opt over 5.9 ft). Drilling at Paymaster has confirmed the presence of near surface, widespread gold mineralization hosted within altered Quartz Feldspar Porphyry, which is a favorable geological environment for the large gold deposits in Timmins.
The six drill holes reported in this release, shown in the table below, targeted gold mineralization between 150 m and 300 m (500 ft and 1000 ft) below surface (Figure 3).
Gold mineralization at the Paymaster West Project is hosted within strongly altered and well mineralized quartz feldspar porphyry. Alteration consists of pervasive ankerite and sericite alteration with local tourmaline, both disseminated and in veins. Pyrite mineralization is disseminated throughout, with local concentrations to 20%. Visible Gold (VG) was noted in hole VGP-09-20 (Figure 2).
Based on the successful drill results to date, VG Gold is planning to expand its current 6,000 meters (19,685 feet) drill program. Drilling will continue to target porphyry hosted high-grade mineralization located between 150 m and 300 m (500 ft and 1,000 ft) below surface (Figure 3). Two core drill rigs are currently operating at Paymaster.
PAYMASTER PROJECT HISTORICAL SUMMARY
The Paymaster West Property is located in the center of the historic Timmins mining camp (70 million ounces of gold produced). The property is adjacent to the Goldcorp owned Dome Mine, which has produced 17 million oz of gold to date. The mines in the Timmims Gold Camp have produced gold to depths exceeding 2,000 m (6,560 ft).
Production and exploration on the Paymaster West Project occurred between 1910 and 1928 to an approximate depth of 245 m (800 ft). During the 1940's and 1950's a series of core holes successfully intersected high-grade gold mineralization over good widths at depth. This drilling occurred at depths at 460 m (1,500 ft) and at 760 m (2,500 ft) below surface and demonstrated the excellent exploration potential of the Paymaster West Project. For historic drill results, please use the link: http://www.vggoldcorp.com/downloads/Drill_Hole_Table_Paymaster.pdf
VG GOLD.....WE ARE GOLD
QUALIFIED PERSON
All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for VG Gold, who has reviewed this press release. Gold analysis of samples collected by VG Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 10.0 gram per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance program (QA/QC) is in place, using control samples such as Blanks and duplicate checks. In addition, duplicate analyses of 10% of the samples are corroborated by check assays performed at a third party Laboratory.
To learn more about VG Gold (TSX:VG - News), visit our website: www.vggoldcorp.com.
----------------------------------------------------------------------------Hole # East North length length dip az from to width Au (ft) (m) (m) (m) (m) (gpt)----------------------------------------------------------------------------VGP-09-16 6181 9144 1355 413.0 -50 172 176.4 177.4 1.0 6.06 ---------------------------- 259.9 282.9 23.0 1.40 ---------------------------- 294.5 296.1 1.6 2.26 ----------------------------
----------------------------------------------------------------------------VGP-09-17 6181 9144 1169.6 356.5 -68 174 107.5 109.3 1.8 2.37----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-18 5997 9091 1000.7 305.0 -50 180 39.6 41.1 1.5 1.39 ---------------------------- 186.5 188.1 1.5 1.03 ---------------------------- 236.1 237.7 1.6 1.19 ---------------------------- 284.4 285.9 1.5 1.03----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-19 5997 9091 1335.3 407.0 -69 180 114.6 116.6 2.0 11.60 ---------------------------- 208.5 210.0 1.5 3.07 ---------------------------- 383.4 385.4 2.0 3.56----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-20 5797 8848 675.9 206.0 -50 165 41.5 42.4 0.9 1,390.00 ---------------------------- 155.0 156.5 1.5 1.66----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-21 5797 8848 764.4 233.0 -70 165 158.5 162.3 3.8 1.20 ---------------------------- 177.9 181.7 3.9 1.66----------------------------------------------------------------------------
----------------------------------------------------------------------------6 holes 1,920.5 m----------------------------------------------------------------------------
Notes: - Lengths reported are core intersection lengths and do not represent true widths. - It is anticipated that true width estimates will be made possible after additional drilling.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact: Contacts:VG Gold Corp.Tom MeredithPresident 416 368 0099
Source: VG Gold Corp.
*** Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Barrick (NYSE:ABX)(TSX:ABX ) Completes Organization Review
Barrick (NYSE:ABX)(TSX:ABX ) Completes Organization Review
TORONTO, ONTARIO - 10/19/09- All amounts expressed in US dollars unless otherwise indicatedBarrick Gold Corporation (NYSE:ABX)(TSX:ABX ) announced today that it has completed an internal organization review and is making improvements to its organizational structure.
The purpose of this review was to ensure clear alignment within the company on key priorities, appropriate resources are in place to support these priorities and clarity around roles and responsibilities. An additional goal was to identify ways to simplify work practices and reduce our overall general and administrative (G & A) cost structure. An internal team of senior executives worked with colleagues throughout the company to determine their recommendations, without using outside consultants.
Many of the recommendations will result in changes in work practices and in particular improving the level of communication and coordination throughout the company. Areas of overlap have been identified and will be eliminated. More responsibility and accountability will be held by the regional business units. As a result, there will be a net reduction of about 80 positions, primarily in Toronto. These positions will be largely phased out over the next six months. A non-recurring charge of approximately $30 million will be split between the third and fourth quarters of this year. Corporate and regional pre-tax savings of at least $50 million are expected to be realized on an annualized basis once fully implemented.
"This organizational review was initiated to look for ways in which we could improve how we are managing the company and better position us to maximize the value of our asset base and secure growth opportunities. When these decisions are fully implemented, we expect to achieve significant savings and our decision making and execution capabilities will be meaningfully enhanced," said Aaron Regent, Barrick President and Chief Executive Officer. "Our review team did an excellent job and I have been impressed with the thoroughness and professionalism that they brought to this project."
Barrick Gold Corporation's vision is to become the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this Press Release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue', "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact: Contacts:INVESTOR CONTACT: Deni NicoskiVice President, Investor Relations(416) 307-7410Email: dnicoski@barrick.comMEDIA CONTACT: Vincent BorgExecutive Vice President, Corporate Communications(416) 307-7477Email: vborg@barrick.com
Source: Barrick Gold Corporation
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-Public companies please contact us with updates, corrections and additions.
TORONTO, ONTARIO - 10/19/09- All amounts expressed in US dollars unless otherwise indicatedBarrick Gold Corporation (NYSE:ABX)(TSX:ABX ) announced today that it has completed an internal organization review and is making improvements to its organizational structure.
The purpose of this review was to ensure clear alignment within the company on key priorities, appropriate resources are in place to support these priorities and clarity around roles and responsibilities. An additional goal was to identify ways to simplify work practices and reduce our overall general and administrative (G & A) cost structure. An internal team of senior executives worked with colleagues throughout the company to determine their recommendations, without using outside consultants.
Many of the recommendations will result in changes in work practices and in particular improving the level of communication and coordination throughout the company. Areas of overlap have been identified and will be eliminated. More responsibility and accountability will be held by the regional business units. As a result, there will be a net reduction of about 80 positions, primarily in Toronto. These positions will be largely phased out over the next six months. A non-recurring charge of approximately $30 million will be split between the third and fourth quarters of this year. Corporate and regional pre-tax savings of at least $50 million are expected to be realized on an annualized basis once fully implemented.
"This organizational review was initiated to look for ways in which we could improve how we are managing the company and better position us to maximize the value of our asset base and secure growth opportunities. When these decisions are fully implemented, we expect to achieve significant savings and our decision making and execution capabilities will be meaningfully enhanced," said Aaron Regent, Barrick President and Chief Executive Officer. "Our review team did an excellent job and I have been impressed with the thoroughness and professionalism that they brought to this project."
Barrick Gold Corporation's vision is to become the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this Press Release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue', "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact: Contacts:INVESTOR CONTACT: Deni NicoskiVice President, Investor Relations(416) 307-7410Email: dnicoski@barrick.comMEDIA CONTACT: Vincent BorgExecutive Vice President, Corporate Communications(416) 307-7477Email: vborg@barrick.com
Source: Barrick Gold Corporation
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-Public companies please contact us with updates, corrections and additions.
Mining stock news - Commerce Resources Corp. Appoints Ian Graham to Board of Directors
Mining stock news - Commerce Resources Corp. Appoints Ian Graham to Board of Directors
October 19, 2009 - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company" or "Commerce") is pleased to announce the appointment of Ian Graham to the Board of Directors. Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American.
Formerly Chief Geologist with the Project Generation Group at Rio Tinto, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American.
Mr. Graham is currently President of Discovery Harbour Resources Corp., a private company focused on identifying mining project opportunities that require both the raising of financial capital and management to move forward and succeed. Mr. Graham resides in Vancouver and is the former chair of the University of British Columbia's Mineral Deposit Research Unit.
David Hodge, President stated, "We are very excited and pleased to have attracted Mr. Graham to our team. He is a well-respected and experienced development geologist and has a track record of successfully moving projects through the exploration process on into production. He will be a key part of our team as we move the Blue River Project through the development process and continue to advance our Eldor Project."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
For more information, contact Investor Relations:
Tel: 604.484.2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices for tantalum & niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. Coming soon – mining stocks directory!
October 19, 2009 - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company" or "Commerce") is pleased to announce the appointment of Ian Graham to the Board of Directors. Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American.
Formerly Chief Geologist with the Project Generation Group at Rio Tinto, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American.
Mr. Graham is currently President of Discovery Harbour Resources Corp., a private company focused on identifying mining project opportunities that require both the raising of financial capital and management to move forward and succeed. Mr. Graham resides in Vancouver and is the former chair of the University of British Columbia's Mineral Deposit Research Unit.
David Hodge, President stated, "We are very excited and pleased to have attracted Mr. Graham to our team. He is a well-respected and experienced development geologist and has a track record of successfully moving projects through the exploration process on into production. He will be a key part of our team as we move the Blue River Project through the development process and continue to advance our Eldor Project."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
For more information, contact Investor Relations:
Tel: 604.484.2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices for tantalum & niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 8 stock directories and investor newsletter for just $99 year
Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. Coming soon – mining stocks directory!
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