Gold Mining Company

Eldorado (NYSE:EGO) Begins Iron Ore Shipments from Vila Nova

Already one of the top gold miners as measured by low costs, Eldorado Gold (NYSE:EGO) has launched its first shipment of iron ore from its Vila Nova Mine in Brazil, which could help lower gold production costs even more for the company.The first shipment included 45,000 tons of lump ore grading approximately 63% Fe, which was sold to the Chinese spot market, according to a press release from the

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Newmont Mining (NYSE:NEM) Making its Move?

If you look at a chart of Newmont Mining’s (NYSE:NEM) performance over the last five years, you find it less than inspiring, as until this summer, it hadn’t reached the levels it has in the early part of 2006, when it hit $59.87 on January 9.It took until June of 2010 for the largest U.S. gold miner to reach and surpass those levels, and it looks like they may have finally broken out, closing at

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The Definitive Guide to Russian Gold Stocks

Built on a foundation of an estimated $200 trillion in hard assets… It’s one of the largest and most profitable industry markets in the world. And— if you’re willing to invest a bit outside of North America — there may be some very interesting investment opportunities in Russia’s massive metals and mining industry. In just a minute, I’ll tell you about several of these opportunities; I want to first give you the details of Russia’s gigantic mining sector and resource base. Advertisement The FREE $45,000 report that could make you rich… In 1991, a history-changing report surfaced in the oil industry. The details are too numerous to list right here, but this report— dubbed a best seller by The New York Times — helped uncover an incredible source of oil no one had considered for years. Click here for free access to all the information you need to start banking 180 times your investment. Russia’s $200 trillion natural resource base Russia is exceedingly wealthy in natural energy resources. The country is home to the world’s largest natural gas reserves and eighth-largest crude oil reserves. These resources have enabled Russia to become the world’s largest producer of both oil and natural gas, accounting for about 20% of total global production. Russia also hosts the world’s second-largest reserves of black coal; the country is the third-largest coal exporter contributing around 11% to the global coal trade. The country recently inked a $6 billion deal with China to supply 475 million tonnes of black coal over the next 25 years. Additionally found in Russia are vast reserves of raw industrial materials and non-fuel minerals. This extensive mineral resource base is the foundation for the Russia’s massive metals and mining industry, which is a vital supplier to other…

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India’s Gold Bull Market

India’s Gold Bull Market

Due to a sharp decrease in foreign exchange reserves following the Indo-China War in 1962, the government of India enacted the Gold Control Act. This legislation made the private ownership of gold bullion illegal and created a huge black market for the yellow metal. The Gold Control Act was repealed in 1992 after Indian government needed to sell 40 tonnes of the country’s gold reserves to deal with more forex problems that had the country on the verge of default. What happened next would change the gold market forever… Advertisement The next big play of North America’s Oil Comeback Breakthrough drilling technology has turned an abandoned Alberta oil field into the hottest energy territory in the Western Hemisphere … And one $4-a-share company is positioned for the lion’s share of the spoils. Click here for the on-site proof that 1,239% gains await early investors . How India became the world’s #1 gold consumer Following the repeal of the Gold Control Act, the demand for gold in India began to sharply rise. Indian gold demand immediately shot up 75% in the year after the Gold Control Act was terminated. Overall, gold demand in India increased 174% from 260 tonnes in 1991 to 713 tonnes in 2008. Top 5 Gold Consumers in 2009 India – 480 tonnes China – 428 tonnes USA – 263 tonnes Germany – 134 tonnes Turkey – 107 tonnes Total gold demand in India fell 33% last year as global consumer spending dried up in the face of the worldwide financial recession. Nevertheless, India is still the world’s largest consumer of gold in terms of both tonnage and value. Last year, India alone accounted for 20% of the global consumer demand for gold. This includes 24% of global demand for gold jewelry, which is has traditionally been one of India’s strongest markets. The Indian jewelry market is one of the largest in the world, with a market size of $13 billion. It is second only to the U.S. market of $40 billion. Two Key Facts about India’s Gold Markets Half of India’s annual gold consumption is contributed by demand in just four states: Karnataka, Kerala, Tamil Nadu, and Andhra Pradesh. India’s gold market is estimated to have more than 300,000 jewelers – mostly small, family-run businesses. Gold jewelry forms around 80% of the Indian jewelry market. And during the first half of this year, the volume of growth increased 67% to 273 tonnes. In terms of value, gold jewelry demand increased 94% to $10 billion. Indians traditionally invest in gold by buying gold jewelry. But other gold investments— including gold exchange-traded funds (ETFs) — are rapidly gaining in popularity as investors seek a safe haven and become more aware of the benefits of investing in gold in a non-material form as opposed to holding it as jewelry. The eight gold ETFs that trade on the Bombay Stock Exchange have nearly doubled their bullion holdings in the past year to 11 tonnes. The volume of gold for investment in India grew by 264% to 93 tonnes during the first half of 2010. In value terms, Indian gold investments accounted for over $3 billion — an increase of 300%. Overall, total Indian gold demand in terms of tonnage nearly doubled, increasing 94% to 365 tonnes. Worth over $13 billion, the value of India’s gold demand increased 122% during 1H 2010. Indian gold demand in the second half of 2010 is likely to be at least 25% higher. Analysts at China’s National Spot Exchange recently published a report predicting gold imports to …

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Eldorado Gold (NYSE:EGO) Offers $3.2 Billion for Andean (OTC:ANDPF)

Eldorado Gold Corp. has made a $3.2 Billion bid for Andean Resources Ltd. (OTC:ANDPF), a gold mining company based in Australia. Terms of the transaction would be a straight stock deal for shares from Eldorado. “The transaction is consistent with Eldorado’s stated strategy of building a geographically diversified, low cost, high growth gold producer,” said Eldorado’s chief executive officer

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Centerra Gold (TSE:CG) Paying First Dividend in its History

With attention being fixated on gold and gold mining companies, a number of firms have made changes to attract investors and gravitate toward being run like a company people understand. Centerra Gold (NYSE:CG) has responded in that regard by announcing their first dividend payout in the history of the company,. Starting on September 1, shareholders will receive a dividend of 6 Canadian cents

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Centerra Gold (TSE:CG) Profitable Again

Centerra Gold (TSE:CG) has returned to profitability this quarter, as stability in Kyrgyzstan helped the gold miner to increase production, along with higher gold prices, helped them to a solid performance. For the quarter, Centerra exceeded expectations, generating earnings of $29.8 million, or 13 cents a share. Last year in the same quarter the company had a loss of $79.6 million, or 36 cents.

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Eldorado’s (NYSE:EGO) Earnings More Than Double, Revenue Surges

Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) joined the parade of gold miners who performed strongly in the latest quarter, as earnings more than doubled and revenue was up 158 percent. For the second quarter, earning soared to $60.5 million, or 11 cents a share, way up from the $25.9 million, or 7 cents a share in the same quarter of 2009. Revenue also exploded to $207.8 million, an increase of

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Barrick (NYSE:ABX) Exceeds Earnings, Revenue Expectations

As expected, Barrick Gold (NYSE:ABX), the largest gold miner in the world, had a great quarter, exceeding analysts’ expectations for earnings and revenue. Earnings for the second quarter reached $759 million, or 77 cents a share. Last year in the same quarter Barrick generated $492 million in profits, or 56 cents a share. Analysts had been looking for earnings of 72 cents a share on revenue of

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Agnico-Eagle (NYSE:AEM) Earnings Reach $100 Million in Second Quarter

Agnico-Eagle Mines Ltd. (NYSE:AEM) (TSE:AEM) released its second quarter numbers, and they have a lot to celebrate, as they generated $100.4 million in earnings on revenue of $394.9 million. Last year in the same quarter the company only had a profit of $1.2 million, or 1 penny a share. Revenue in the second quarter of 2009 reached $133.1 million. Gross mine profits and increased gold

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The World’s Hottest Region for Gold Exploration

The World’s Hottest Region for Gold Exploration

When junior mining companies make a big gold discovery, shareholders often see double- and triple-digit investment gains. Of course, gold is very rare and making a significant discovery isn’t easy. But ask any geologist… The best place to find large deposits of gold is close to where other major deposits have already been discovered. That’s why I’ve recently been looking to invest in a region that many consider one of the best places in the world for gold exploration. Advertisement Breakthroughs Nowhere Near This Big Have Paid Investors Over 10x Gains Our resident biotech expert just came across a tiny company that can make the human immune system 1 000 times more effective against dozens of deadly diseases — including the major cancers: Prostate, lung, breast, cervical, and more… Here’s how their revolutionary “cell-shock” technology could hand you as much as 1000 times your money as it saves tens of millions worldwide. Just 300 miles north of Las Vegas Nevada is one of the largest sources of gold in the world. By itself, the state contributes over 7% of total world gold production, making it the fourth largest producer in the world behind, China, South Africa, and Australia. The majority of Nevada’s vast gold resources is contained in the second largest economic gold anomaly in the world— second only to South Africa — called the Carlin Trend . Ancient geologic forces induced high temperatures and pressure that produced numerous hot springs along an area about 5 miles wide and 40 miles long, known today as the Carlin Trend. These hot springs brought an abundance of dissolved minerals toward the surface; among these minerals was a fortune of gold. In the past two decades alone, over 200 million ounces of gold have been discovered… And over 70 million ounces (worth $84 billion today) were produced from the Carlin Trend. Some of today’s major gold production companies like Barrick Gold (NYSE: ABX ) and Newmont Mining (NYSE: NEM ) directly owe their success to this exceptionally rich belt of gold deposits. Similar gold trends surround the Carlin Trend, where other major multi-billion-dollar gold discoveries have been made: the Battle Mountain-Eureka Trend the Getchell Trend the Independence Group the Alligator Ridge Group In these surrounding trends, world-class multi-million ounce gold deposits…

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Augen Gold (CDNX:GLD.V) Postpones Shareholders Meeting on Takeover Fears

The shareholders meeting of Augen Gold (CDNX:GLD.V) has been postponed from July 13, and has been rescheduled for July 23. The cut-off date for proxy votig was also changed to July 21, according to the company. Irregularities with a number of proxies was the reasoning behind the change, as a large block of shareholders, representing 39 percent of issued and outstanding shares, submitted proxies,

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