Mining industry
The Vietnam Gold Traders Association has requested the Ministry of Finance to lower the export tax on gold and gold jewelry from 10% to zero, citing concerns over the nation's growing trade deficit and potential smuggling. The association argues that the high tax rate is discouraging exports and
Mining industry
NovaGold Resources Inc., a leading precious metals company, has filed a formal offer to acquire all of the outstanding shares of Copper Canyon Resources Ltd. as of January 18, 2011. Under the terms of the offer, Copper Canyon shareholders will receive 0.0425 of a NovaGold common share for every
Mining industry
Seven Summits Research has released critical PriceWatch Alerts for five top stocks: MGM Resorts International (NYSE: MGM), Occidental Petroleum Corporation (NYSE: OXY), Goldcorp Inc. (NYSE: GG), Yum! Brands, Inc. (NYSE: YUM), and Gentex Corp. (Nasdaq: GNTX). The alerts provide detailed strategies for each stock, including position protection tactics to safeguard
Mining industry
Vietnam's government has introduced a new tax regime on gold exports, hiking the duty from zero to 10% in a bid to curb the practice of gold trading enterprises exporting gold jewelry to skirt regulations. The move is aimed at reducing the phenomenon of gold trading enterprises evading
Mining industry
Estrella Gold Corporation is pleased to announce it has closed a non-brokered private placement offering, securing $1,000,000 in gross proceeds through the sale of 2,000,000 units at $0.50 per unit. This funding will be used to further develop the Company's gold exploration projects
Mining industry
The Canadian stock market remained stagnant on Monday, with the S&P/TSX Composite Index experiencing a minor increase of 2.94 points. However, the economic landscape presented a more concerning picture, as the overall current account deficit widened by $4.6 billion to reach $17.5 billion in
Mining industry
Medtronic recently presented positive data from its RAFT study, showing that its cardiac resynchronization therapy-defibrillators (CRT-Ds) reduced the risk of death by 29% in heart patients with New York Heart Association (NYHA) class II compared to those treated with implantable cardioverter-defibrillators (ICDs) and medical therapy. The data is significant for
Mining industry
Bard Ventures Ltd. ("Bard" or the "Company") has entered into an agreement to acquire a 100% interest in the Little Bear Lake claims, which are situated in the Thunder Bay Mining Division, approximately 4 kilometers northeast of Schreiber, Ontario. The 5 mineral claims that comprise the
Mining industry
Gold prices surged to a record high on Friday, September 24, 2010, as investors sought to protect their wealth and hedge against a weakening dollar. The precious metal, up 18 percent this year, is on course for its 10th consecutive annual gain, the longest winning streak since at least 1920.
Mining industry
As concerns about the global economy persist, gold prices have continued to break record levels, with major gold producers such as AngloGold Ashanti Ltd (AU), Gold Fields Ltd (GFI), and Newmont Mining Corp (NEM) all experiencing significant gains. The price of gold has risen to $1,297.00 an ounce,
Mining industry
In an uncertain market landscape, investors are seeking reliable and actionable information to make informed decisions. Seven Summits Research has responded to this need by issuing critical PriceWatch Alerts for five top-performing stocks: Applied Materials Inc. (Nasdaq: AMAT), Nucor Corporation (NYSE: NUE), SanDisk Corp. (Nasdaq: SNDK), Goldcorp Inc. (NYSE: GG)
Mining industry
AngloGold Ashanti is set to raise significant funds from a share and bond issue to buy out its hedge book worth approximately $2.4 billion. The company plans to issue shares worth around $686 million, with an option to exercise an overallotment option, which could add a further $103 million.
