Mining industry
The Shanghai Gold Exchange (SGE) is gearing up to introduce gold derivatives, including futures, options, and swaps, as part of a broader strategy to promote the country's gold market. According to Shen Xiangrong, SGE's chairman, gold derivatives will represent the trend of the gold market, shifting
Mining industry
Pacific Gold Corp.'s (OTCBB: PCFG) Black Rock Canyon alluvial gold mine began gold production in the third quarter of 2006, with the mine owned and operated by Nevada Rae Gold, Inc., a 100% owned subsidiary of PCFG. The estimated resources for the Black Rock Canyon mine have been
Mining industry
Kinross Gold Corp. is set to revolutionize the gold mining sector with its proposed $2.9-billion takeover of Bema Gold Corp., marking a significant milestone in the company's pursuit of becoming the world's fastest-growing major gold producer. The acquisition, which will catapult Kinross into the upper
Mining industry
Thin volumes of trading in Asia drove bullion prices up to a two-month high on Monday, with Tokyo gold futures trading at their upper limit. The market's anticipation of the dollar's response to the U.S. mid-term elections on Tuesday fueled expectations. Kinross Gold Corp. and
Mining industry
As Wall Street News Alert initiates coverage on Gold & Silver Minerals, Inc. (PINKSHEETS: GSML), the company's stock is gaining attention due to its recent developments. The company has entered into a Joint Venture Agreement with Tara Gold Resources Corp. to earn up to a 55% interest in
Mining industry
In a significant development in the gold and metals industry, Goldcorp Inc. (NYSE:GG) announced that Glamis Gold Ltd. has approved the plan of arrangement with Goldcorp, with 98.6 percent of shareholders voting in favor of the deal. The Supreme Court of British Columbia has also granted Glamis its
Mining industry
Barrick Gold Corporation has increased and extended its hostile offer to purchase all outstanding shares of NovaGold Resources Inc. for US$16.00 per share in cash, with a deadline set for November 7, 2006. NovaGold has achieved significant development milestones, including the start of construction at its Rock Creek
Mining industry
In a move that challenges Goldcorp's management, several shareholders, including Rob McEwen, the company's largest individual shareholder, are pushing for a vote on the proposed Plan of Arrangement with Glamis Gold. This decision comes in response to the Ontario Teachers' Pension Plan (OTPP), one of
Mining industry
The Dubai Gold & Commodities Exchange (DGCX), the first commodities derivative exchange in the Middle East, will introduce energy and fuel oil derivatives contracts from the end of October. The exchange aims to gain a foothold in the energy sector, with a major marketing campaign to promote its new services.
Mining industry
International Wayside Gold Mines Ltd. has engaged Octagon Capital Corporation to conduct a private placement offering of up to $3,000,000 of flow-through common shares and $7,500,000 of non-flow-through common shares. The gross proceeds from the sale of flow-through shares will be used for exploration on the
Mining industry
King's Bay Gold Corp., a Canadian mineral exploration company, has announced that drilling is progressing well on the Goldcorp Inc. 117 claim Rowan Lake gold project in the Red Lake mining camp, Red Lake, Ontario. A dozen holes have been completed, and more are underway, with samples from
Mining industry
Pacific Gold Corp., a small-cap mineral exploration company, has announced the commencement of gold production at its Black Rock Canyon alluvial gold mine, located in Lander County, Nevada. The mine is owned and operated by Nevada Rae Gold, Inc., a 100% owned subsidiary of Pacific Gold Corp. With gold trading
