lihir-gold

Newcrest Mining (ASE:NCM), Lihir Gold (Nasdaq:LIHR), Eldorado Gold (TSE:ELD) Flat

Newcrest Mining (ASE:NCM), Lihir Gold (Nasdaq:LIHR), Eldorado Gold (TSE:ELD) (NYSE:EGO) were largely flat today as investors lost a bit of their appetite for safety and took some money out after five-month highs last week. Some of the risk appetite returned after the announcement the EU and IMF were going to provide a little under $1 trillion in loans to the struggling countries in the euro-zone

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Lihir Gold (TSE:LGG) Sells Ballarat Mine

Lihir Gold (TSE:LGG) (Nasdaq:LIHR) announced it has completed the sale of its Ballarat mine to Castlemaine Goldfields Ltd. In March Lihir let it be known they were going to close the mine and reached a deal with Castlemaine to sell them the mine for $4.5 million in cash and another 2.5 percent royalty interest in the mine up to $50 million in future production. Castlemaine has stated in the

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Newcrest (ASX:NCM) Increases Lihir (ASX:LGL) Bid to $8.8 Billion, Agrees to Deal

After increasing their bid for Lihir Gold (ASX:LGL) (TSE:LGG) to $8.8 billion, Newcrest Mining (ASX:NCM) agreed to buy the gold mining company, which would make them the fifth-largest gold producer in the world. Terms of the offer are one share of Newcrest for every 8.43 Lihir shares, plus 22.5 cents. That also would be minus and dividend paid out in the first half. The original offer from

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Lihir Gold (ASE:LGL) Quiet on Barrick Gold (TSE:ABX), Newmont Mining (NYSE: NEM) Access to Data Room

Lihir Gold Garnering Increased Interest from Major Gold Mining CompaniesLihir Gold (ASE:LGL) is quiet on the news it has opened up access to its data room to Barrick Gold (TSE:ABX) and Newmont Mining (NYSE: NEM).Newcrest Mining (ASE:NCM), which has already been rejected for its takeover offer for Lihir, has asked that Lihir allows them access to the data room in order to obtain the relevant

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Lihir Gold (ASE:LGL) Getting More Attention

News is out that Lihir Gold (ASE:LGL) has possibly prepared a ‘data room’ for those intersted in bidding on the company. This could be a strategic move to pressure Newcrest Mining to increase its bid of $8.9 billion, which Lihir has rejected. Other potential suitors of Lihi which have named include Goldcorp (TSE:G), Kinross Gold (TSE:K) and AngloGold Ashanti (NYSE:AU), although none of them

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Dirty Little Secret of Gold Companies

With the extraordinary run of gold prices, and what looks like a gold bull run which will go on for years, a number of “gold companies” have been communicating in a manner which doesn’t reflect what the company actually is. Does the company have a variety of precious metals they mine? Many do, yet they continue to market themselves as “gold companies,” when in many cases gold isn’t the primary

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Newcrest (ASE:NCM) and Lihir (ASE:LGL) Deal

Newcrest Mining still interested in Lihir, but not at any costThe assertion by Newcrest Mining (ASE:NCM) that its offer to acquire Lihir Gold Ltd (ASE:LGL) was “full and fair,” along with the invitation to talk more with the company, seems to imply they still want to make a deal, but there isn’t going to be any major new offers which would be far beyond the one they already made; although it

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Golden Star Resources (AMEX:GSS) and Dividends

Golden Star Resources A growing number of gold and silver mining companies have started to offer dividends to their shareholders as precious metal producers continue to grow strong profits. Golden Star Resources (AMEX:GSS) is rumored among those companies which may be one of the next mining companies to offer a dividend to their shareholders. Others already offering dividends include Harmony

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Lihir Gold (NASDAQ:LIHR) Sells Ballarat Project

Lihir Gold Sells Ballarat ProjectLihir Gold (ASE:LGL) has sold its Ballarat project to Castlemaine Goldfields (ASE:CGT) for A$4.5 million. Based in Victoria, Australia, the Ballarat Gold Mine sale will be subject to meeting certain conditions; a major part being the issuing of stock to raise A$20 million. Terms of the deal, along with the sales price, includes Castlemaine keeping a 2.5 percent

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Lihir Gold Expects Increased Production

Filed in Gold, GOld juniors, Gold Production, lihir-gold by on March 3, 2010 0 Comments

Mid-Tier gold producer Lihir Gold (NASDAQ: LIHR ) reported production targets for the company’s mines for the next decade, highlighting plans for significant increases in gold output. Lihir is aiming to produce an average 1.45 million ounces of gold per year between 2012 to 2016, rising to an average of 1.5 million ounces per year for the following five, to 2021. This represents an increase of 50% from 2010 production levels, between 960,000 and 1.06 million ounces. The increase in annual gold production is primarily driven by Lihir’s current expansion projects at the company’s Lihir Island and Bonikro mines. A plant upgrade at Lihir Island is expected to lift production to more than 1 million ounces per year from 2012. With a budget of $940 million, this upgrade will raise ore processing capacity at the operation by approximately two-thirds. Construction for the upgrade is on track and within budget for completion by the end of next year. At the Bonikro mine, an expansion of processing capacity and new higher grade satellite ore deposits are the subject of a feasibility study due for completion by the end of the third quarter of 2010. Production at Bonikro is anticipated to increase from 110,000 to 130,000 ounces per year in 2010 to an average of 250,000 ounces per year from 2012 to 2016. The capital cost of the expansion is expected to be below $100 million. Good Investing, Luke Burgess Editor, Wealth Daily Lihir Gold Expects Increased Production originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Lihir gold possible takeover target and australian gold companies update

Filed in Gold Company, lihir-gold by on February 24, 2010 0 Comments

Takeover possibility – Lihir Gold Australia has two ranking gold stocks, Newcrest and Lihir. They both have a chequered history and either would have frustrated a long-term investor in recent years. For as long as I can remember the two stocks dwarf all rivals including relative juniors Kingsgate (more on that later) Avoca, Dominion or […]

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