-- Posted 10 April, 2007 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $675.70 | +$4.60 |
Silver | $13.83 | +$0.08 |
XAU | 144.20 | +1.05% |
HUI | 358.11 | +1.16% |
GDM | 1126.39 | +0.87% |
JSE Gold | 3003.45 | +0.70% |
USD | 82.67 | -0.41 |
Euro | 134.27 | +0.70 |
Yen | 83.93 | +0.10 |
Oil | $61.89 | +$0.38 |
10-Year | 4.724% | -0.021 |
T-Bond | 110.5625 | +0.1875 |
Dow | 12573.85 | +0.04% |
Nasdaq | 2477.61 | +0.34% |
S&P | 1448.39 | +0.26% |
The Metals:
Gold rose a few dollars in Asia, traded about $5 higher in London, and extended its gains in early New York trade to climb above $680 with about $10 gains before it fell back off a bit, but it still traded about 1% higher for most of the rest of the session ahead of a dip in the last half hour of trade that left it with a gain of 0.69%. Silver rose near $14.00 in early New York trade before it also fell off into the close in choppy trade, but it still ended with a gain of 0.58%.
Euro gold rose to about €504, platinum gained $13 to $1,274, palladium gained $5 to $360, and copper rose roughly 7 cents to about $3.40.
Gold and silver equities rose about 1.5% at the open before they sold off slightly as the day wore on, but they still ended with roughly 1% gains.
The Economy:
There were no major economic reports today, but some comments from fed governor Mishkin about fighting inflation did have some talking.
Tomorrow at 2PM EST brings FOMC minutes from their March 21st meeting and the Treasury Budget for March expected at -$90.0 billion.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rebounded from yesterday’s notable losses as colder than normal weather continues to impact most of the U.S. and traders prepared for tomorrow’s inventory report amid more refinery problems.
The U.S. dollar index fell markedly to a 4 and ½ month low and just off a 2 year low on trade worries as the U.S. “accused China at the World Trade Organization of piracy and blocking access to U.S. films, books and software.”
Treasuries continued to rebound from Friday’s losses with little new economic data to act on.
The Dow, Nasdaq, and S&P remained near unchanged and ended slightly higher in light volume as traders awaited earnings reports and economic data.
Among the big names making news in the market today were Alcoa, Viacom and Yahoo, D.R Horton, PPR and Puma, Cemex and Rinker, Citigroup, KKR and Coles, and Mylan Laboratories.
The Commentary:
“The gold market is being driven by investment demand [as you can see on the site of the gold Exchange Traded Funds [www.exchangetradedgold.com ] which saw another 6.15 tonnes of gold bought in the last two days. Add to this the start up of more Indian gold E.T.F.’ and now an announcement of one to come in Japan. All these represent long-term buyers of gold, but they have set a pattern of being particularly vigorous buyers when the gold price rises. Their demand tends to add to other demand to overwhelm supply.
We suspect and are waiting for the numbers from the European Central Bank on their sales of last week that they have gone back to the pattern of selling around 2.5 tonnes a week, from higher double figure levels. This means that additional sales that come from the Central Banks are dropping.
The $ is now weakening again [but we don’t accept that it is going to track the currency’s movement because gold went up as the $ did too].
The oil price should begin to rise as the oil price bounces off the low $60 levels.
Global uncertainty as represented by the $, oil, China, political pressures et al, act as a tide encouraging investment into gold as an underlying driving force.” - Julian D.W. Phillips, www.goldforecaster.com
“June Gold finished up 4.6 at 681.5, 5.3 off the high and 0.5 up from the low.
May Silver closed up 0.12 at 13.93. This was 0.05 up from the low and 0.12 off the high.
The gold market showed some impressive action on Tuesday morning by rising to another new high for the move and also managing to reach the highest level since February 27th. In the end, the gold market was getting support from a number of unrelated issues, the most significant of which might be the sharp slide in the Dollar. In fact, with the US Dollar actually managing to reach the lowest level since December 8th it is clear that the Dollar move was a significant development. While oil prices were also firm during the session, oil prices were still below the recent highs and with the market also seeing less overall inflation concerns, it is likely that the currency action was indeed the primary theme being employed by the bull camp.
As suggested in the pre-opening and mid day coverage, the silver market seemed to be getting a large measure of spillover support from other metals markets. In fact, the zinc market made a new all time high, while the rest of the metals, gold, platinum, copper, nickel and aluminum prices were also strong and that seemed to point to improving physical demand expectations throughout the complex. Certainly the funds were also responsible for part of the gains in silver, but that impact has been fairly constant over the last several sessions.” - The Hightower Report, Futures Analysis and Forecasting
GATA Posts:
James Turk: Can we trust the silver ETF?
The Statistics:
As of close of business: 4/09/2007
Gold Warehouse Stocks: | 7,302,511 | - |
Silver Warehouse Stocks: | 126,433,338 | -604,947 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange (NYSE) AND Singapore Exchange (SGX) | Streettracks Gold Shares | 494.56 | 15,900,551 | US$ 10,708m |
LSE (London Stock Exchange) AND Euronext Paris | Gold Bullion Securities | 88.83 | 2,856,094 | US$ 1,933m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.42 | 366,889 | US$ 249m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 11.35 | 364,785 | US$ 245m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU)
Profile as of 4/9/2007 | |
Total Net Assets | $965,739,787 | Ounces of Gold
in Trust | 1,437,467.912 |
Shares Outstanding | 14,500,000 | Tonnes of Gold
in Trust | 44.71 |
Note: No change in Total Tonnes from yesterday’s data.
Silver Trust (SLV)
Profile as of 4/9/2007 | |
Total Net Assets | $1,817,987,864 | Ounces of Silver
in Trust | 133,888,613.800 |
Shares Outstanding | 13,450,000 | Tonnes of Silver
in Trust | 4,164.40 |
Note: Change in Total Tonnes from yesterday’s data: 30.96 tonnes were added to the trust.
The Stocks:
Eldorado Gold’s (EGO) operational update, Glencairn’s (GLE) presentation at the American Stock Exchange Fourth Annual Precious and Base Metals Conference, Royal Gold’s (RGLD) ore reserves and additional mineralization estimates, Ivanhoe’s (IVN) agreement with the Mongolian Government, Pacific Rim’s (PMU) drill results, U.S. Gold’s (UXG) drill results, Entree’s (EGI) exploration programs, Great Basin’s (GBN) filed $45 million stock shelf, Orezone’s (OZN) increased resource estimate, Gold Fields’ (GFI) gold output and completed acquisition of Western Areas, Great Panther’s (GPR.TO) first quarter output, Aquiline’s (AQI.TO) drill results, Silver Dragon’s (SDRG.OB) Asset Purchase Agreement with Sanhe Sino-Top Resources and Technologies, Coeur’s (CDE) San Bartolome project update, Silver Standard’s (SSRI) resource increase, and MAG Silver’s (MAG.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. U.S. Gold | UXG+27.04% $5.45 |
2. Entree Gold | EGI +9.78% $2.02 |
3. New Gold | NGD +5.99% $7.43 |
LOSERS
1. Exeter | XRA -3.94% $1.95 |
2. Fronteer | FRG -3.24% $14.02 |
3. U.S. Energy | USEG-2.83% $5.84 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's gold and silver stock news:
Royal Gold Announces the Closing of Its Public Offering of Common Stock - "ROYAL GOLD, INC. (Nasdaq: RGLD - News; Toronto: RGL - News) announced today the closing of the underwritten public offering of 4,000,000 shares of its common stock. The offering was conducted pursuant to the Company's existing effective shelf registration filed on Form S-3 with the U.S. Securities and Exchange Commission. The offering was priced at $29.25 per share, and proceeds to the Company from the offering, net of commission and expenses, are expected to be approximately $110.9 million." More
- April 10, 2007 | Item | E-mail
Eldorado Gold Corporation: Operational Update - "With in excess of 88,000 ounces of gold produced in the quarter and cash costs of $220/oz the Company's mines are producing to plan, clearly establishing Eldorado as a low cost producer. This strong performance in the first quarter is supportive of our previously stated guidance for 2007 of production of 310,000 to 330,000 ounces at cash costs of $220 to $230 per ounce." More
- April 10, 2007 | Item | E-mail
Dhanoa Minerals Announces Installation of Cameras - More
- April 10, 2007 | Item | E-mail
Goldrea Resources Corp.: Information to be Available Through S&P Market Access Program - More
- April 10, 2007 | Item | E-mail
Great Panther Doubles Production at Guanajuato in First Quarter; Increases Output From Two Mines by 38% - "GREAT PANTHER RESOURCES LIMITED (Toronto:GPR.TO - News) is pleased to announce that first quarter 2007 output at its two 100%-owned mines in Mexico increased by 38% over Q4 2006 to 303,280 silver equivalent ounces (Ag Eq Oz). The increase was mainly due to significant improvements in the head grades at the Guanajuato Silver-Gold Mine where output doubled over the same period. Guanajuato yielded 146,555 Ag Eq Oz in Q1 2007, almost as much as in the entire 6 months from startup to the end of 2006." More
- April 10, 2007 | Item | E-mail
CLARIFICATION UPDATE: Global Uranium Corp. Financing Oversubscribed - More
- April 10, 2007 | Item | E-mail
Uranium price spike boosts smaller Canadian miners - More
- April 10, 2007 | Item | E-mail
Pershimco Confirms its Geological Model; New Interval of 1.09 g/t Gold Over 55.8 Meters - More
- April 10, 2007 | Item | E-mail
Kodiak Appoints Vice-President, Exploration - More
- April 10, 2007 | Item | E-mail
Aquiline Releases New Navidad Results Including High-Grade Intervals at Barite Hill; Appeal Gets Underway in Vancouver - "Aquiline Resources Inc. ("Aquiline" or the "Company") (Toronto:AQI.TO - News) is pleased to report on the results of 39 new diamond drill holes at the Navidad Project in Chubut Province, Argentina. These include the first holes drilled by the Company at Barite Hill and of particular note are results for holes NV07-396/397 and NV07-403 drilled on section 52.400E. Results include an intersection of 30.8 metres grading 547 g/t Ag and 0.77% Cu in hole NV07-403 that was drilled at the south end of a reconnaissance drill fence to test the often-mineralized mudstone sequence." More
- April 10, 2007 | Item | E-mail
North Atlantic Acquires Two More Uranium Permits in Niger - More
- April 10, 2007 | Item | E-mail
Richmond Minerals Inc. Exploration Update (TSXV-RMD) - More
- April 10, 2007 | Item | E-mail
Drilling Activity in Quebec - More
- April 10, 2007 | Item | E-mail
Yellowcake Mining Hopes to Achieve Near-Term Uranium Production - More
- April 10, 2007 | Item | E-mail
Global Uranium Corp. Financing Oversubscribed - More
- April 10, 2007 | Item | E-mail
Goldcorp Declares Fourth Monthly Dividend Payment for 2007 - "GOLDCORP INC. (Toronto:G.TO - News)(NYSE:GG - News) is pleased to declare its fourth monthly dividend payment for 2007 of $0.015 per share. Shareholders of record at the close of business on Friday, April 20, 2007 will be entitled to receive payment of this dividend on Friday, April 27, 2007." More
- April 10, 2007 | Item | E-mail
Tribute Announces Additional Results From Copperlode - More
- April 10, 2007 | Item | E-mail
International Tower Hill Mines Ltd. Negotiates $9,600,000 Brokered Private Placement - More
- April 10, 2007 | Item | E-mail
Glencairn to Webcast Presentation at American Stock Exchange Conference - "Glencairn Gold Corporation (Toronto:GGG.TO - News)(Toronto:GGG-WT.TO - News)(AMEX:GLE - News) announced today that President and CEO Peter Tagliamonte will make a presentation at the American Stock Exchange Fourth Annual Precious and Base Metals Conference at the New York Marriott Financial Center Hotel in New York at 3 p.m. Wednesday April 11, 2007." More
- April 10, 2007 | Item | E-mail
Capstone to Release Q2 Results on April 16, 2007 - More
- April 10, 2007 | Item | E-mail
Gold Fields Completes Acquisition of Remaining Shares of Western Areas Limited - "Further to the announcement dated 26 March 2007, Gold Fields Limited ("Gold Fields") (NYSE: GFI , JSE: GFI , DIFX: GFI) is pleased to announce the successful implementation of Section 440K of the Companies Act (Act 61 of 73) and the consequent acquisition by Gold Fields of all the remaining Western Areas Limited ("Western Areas") shares not already held by Gold Fields." More
- April 10, 2007 | Item | E-mail
Romios Announces Warrant Exercise - More
- April 10, 2007 | Item | E-mail
Royal Gold Announces Calendar 2007 Reserve Increases and Production Forecasts From Its Royalty Operators - "ROYAL GOLD, INC. (Nasdaq: RGLD - News; TSX: RGL - News), the leading precious metals royalty company, today announced ore reserves and additional mineralization estimates, updated for calendar 2007, as well as production forecasts for its royalty properties. These reserves, additional mineralization and production estimates as of December 31, 2006, are provided to us by the operators of our royalty properties or have been obtained through publicly available information:" More
- April 10, 2007 | Item | E-mail
Michel Lemay joins Amex Exploration Inc. - More
- April 10, 2007 | Item | E-mail
-Glass Earth Advises Election of Two Non-Executive Directors-Stock Options Granted - More
- April 10, 2007 | Item | E-mail
Gold World Resources China Project Update - More
- April 10, 2007 | Item | E-mail
Bolero Announces A 5,500 Metre Drill Program For Confirmatory Infill And Step Out Drilling At Bald Butte - More
- April 10, 2007 | Item | E-mail
Plexmar Resources Inc.: Update on Escondida Project - More
- April 10, 2007 | Item | E-mail
Titan Uranium Inc. Appoints Brian Reilly as President, Philip Olson as Chairman - More
- April 10, 2007 | Item | E-mail
Maestro Options Four Additional Nevada Properties - More
- April 10, 2007 | Item | E-mail
Yellowcake Mining to Finance the Development of Strathmore's Sky, Wyoming ISR Uranuim Project - More
- April 10, 2007 | Item | E-mail
Network receives Ministry of Mines approval for Pistala acquisition; Phase II exploration update at Caldera - More
- April 10, 2007 | Item | E-mail
Eagle Plains/Wellstar Execute Option Agreement on Kulyk Lake Uranium Project, Airborne Geophysical Survey to Commence Immediately - More
- April 10, 2007 | Item | E-mail
CityView Corporation Ltd.: Longonjo Carbonatite and Catabola Projects - More
- April 10, 2007 | Item | E-mail
Golden Arrow Acquires Option on High Potential Gold-Copper Project in San Juan Province, Argentina - More
- April 10, 2007 | Item | E-mail
43-101 on La Espanola Reports 1% Copper in Chip Samples on Two Levels of the Rosa Maria Mine and in Ore Stockpile - More
- April 10, 2007 | Item | E-mail
Hemis has finalized its first exploration phase on El Tigre - More
- April 10, 2007 | Item | E-mail
Journey Announces Engagement of First Canadian Capital Corp. - More
- April 10, 2007 | Item | E-mail
Gemini Explorations Inc Announces Total Issued and Outstanding Shares Reduced to 30 Million Shares - More
- April 10, 2007 | Item | E-mail
Unico, Inc. Announces New Agreement for Additional Labor to Expedite Completion of Reconstruction at the Mill and Processing Facility at the Deer Trail Mine - More
- April 10, 2007 | Item | E-mail
Sarissa Resources, Inc. Announces Favorable Results of Airborne Survey on Deadmoose Lake Property - More
- April 10, 2007 | Item | E-mail
Dragon Capital retains leading investor relations firm - More
- April 10, 2007 | Item | E-mail
Minera Andes announces the San Jose project increases silver and gold reserves by 71 percent - More
- April 10, 2007 | Item | E-mail
Franklin Mining, Bolivia, S.A. Releases 2007 - 2008 Revenue Projections - More
- April 10, 2007 | Item | E-mail
Stroud Resources Intersects 26.9(g/t) Gold Over 1.1 Metres and 9.06 Metres of 4.49(g/t) Gold at Hislop Project - More
- April 10, 2007 | Item | E-mail
Semafo awarded 5 uranium exploration permits in Niger - Permits cover 2,375 km2 in the Arlit region - More
- April 10, 2007 | Item | E-mail
Verena Announces 10,000-Metre Drill Program at Volta Grande - More
- April 10, 2007 | Item | E-mail
Sierra Gold Corporation Announces Appointment of New Director - More
- April 10, 2007 | Item | E-mail
Freegold Assessing New Grew Creek Models Following Uranium Discovery - More
- April 10, 2007 | Item | E-mail
Scorpio's Construction of a 33-Kv Line to Connect the Comederos Hydro Electric Dam to the Nuestra Senora Mine Site is Well Underway - More
- April 10, 2007 | Item | E-mail
El Capitan Announces New Chief Executive Officer - More
- April 10, 2007 | Item | E-mail
Hemisphere Gold Receives Preliminary Data on Aeromagnetic and Radiometric Survey - More
- April 10, 2007 | Item | E-mail
Petaquilla Increases Gold Resources for Molejon by 25% - More
- April 10, 2007 | Item | E-mail
Cambridge Mineral Resources Plc: Underground Development Commenced at Mina La Linda - More
- April 10, 2007 | Item | E-mail
Fitch-Freeport McMoRan outlook positive, was stable - "Fitch Ratings on Tuesday raised its rating outlook on Freeport McMoRan Copper & Gold (FCX.N: Quote, Profile , Research) to positive from stable, citing a $5.76 billion equity offering being used to pay down debt." More
- April 10, 2007 | Item | E-mail
Ivanhoe Mines and Mongolian Government Reach Agreement in Principle on Draft Investment Agreement for Development of Oyu Tolgoi Copper-Gold Complex - "John Macken, President and CEO of Ivanhoe Mines (Toronto:IVN.TO - News)(NYSE:IVN - News)(NYSE:IVN - News), and Peter Meredith, Deputy Chairman, said today that Ivanhoe Mines and its strategic partner, Rio Tinto, have reached agreement in principle with the Mongolian Government's Working Group on a draft Investment Agreement for the development of the Oyu Tolgoi copper-gold project in Mongolia's South Gobi Region." More
- April 10, 2007 | Item | E-mail
Silver Dragon Resources Inc. Signs Agreement to Increase Equity Interest in Sanhe Sino-Top Resources and Technologies, Ltd. from 60% to 90% - "Silver Dragon Resources Inc. (OTCBB:SDRG - News) today announced the signing of an Asset Purchase Agreement with Sanhe Sino-Top Resources and Technologies, Ltd. ("Sino-Top"), a Chinese company which holds the exploration and mining rights to nine properties including the Erbahuo silver mine located in the prolific Erbahuo Silver District in Northern China." More
- April 10, 2007 | Item | E-mail
Forum Uranium Corp.: Former AREVA Geologist, Ken Wheatley Appointed Vice President, Exploration - More
- April 10, 2007 | Item | E-mail
Uranium Energy Corp to Acquire Additional Past-Producing Uranium and Vanadium Mines on the Colorado Plateau - More
- April 10, 2007 | Item | E-mail
MAX acquires Uranium Project on the Arizona Strip, Mohave County, Arizona - More
- April 10, 2007 | Item | E-mail
Mega Outlines 2007 Uranium Program - More
- April 10, 2007 | Item | E-mail
Strateco Obtains Impressive New Intersections on Matoush, Including 2.00% U3O8 Over 16 Metres - More
- April 10, 2007 | Item | E-mail
AREVA/UEX Plan Exploration Shaft at Shea Creek Uranium Project - More
- April 10, 2007 | Item | E-mail
Bluerock Resources Signs Option Agreement on Hidden Splendor Uranium Mine, Utah - More
- April 10, 2007 | Item | E-mail
Trigon Announces 2007 Wray Mesa Program - More
- April 10, 2007 | Item | E-mail
Russell Industries Acquires 26 Uranium Mining Claims - More
- April 10, 2007 | Item | E-mail
Balsamo Gold Zone on Pacific Rim Mining's El Dorado Project Continues to Yield High Gold Grades and Take Shape - "Exploration drilling at the Balsamo gold zone on Pacific Rim Mining Corp.'s ("Pacific Rim" or "the Company") (Toronto:PMU.TO - News)(AMEX:PMU - News) El Dorado gold project in El Salvador has yielded further bonanza gold grades including 42.18 g/t gold over 2.2 meters in drill hole P07-541, which adds vertical dimension to the growing deposit. A list of the most recent, material drill results is provided below." More
- April 10, 2007 | Item | E-mail
Coeur Provides Update on San Bartolome Project - "In recent months, the company has continued to meet with officials of the Bolivian government to discuss issues related to the project. In those meetings, the company has received repeated expressions of support for the San Bartolome mine. The government has expressed a desire to increase taxes in the mining sector but has not yet submitted a formal proposal in this regard." More
- April 10, 2007 | Item | E-mail
US Gold Exploration Update-Encouraging Results; Best Grade: 0.73 Opt Over 5 Ft. - "US GOLD CORPORATION (Toronto:UXG.TO - News)(AMEX:UXG - News) is pleased to announce encouraging exploration results, including 0.73 ounces per ton (opt) over 5 feet within a larger intercept of 0.097 opt over 59.5 feet, from its Tonkin gold project. This high-grade occurrence is located in a flat lying northeast oriented structure, which is a prominent feature of major gold discoveries on the Cortez and Carlin Trends. Drilling also encountered mineralization of 0.096 opt over 14 feet in a vertical structure, which was the first such occurrence encountered on the property." More
- April 10, 2007 | Item | E-mail
Entree Commences US$5,000,000 Exploration Programs for 2007 in Mongolia and Arizona - "Entree Gold Inc. (Toronto:ETG.TO - News)(AMEX:EGI - News)(Frankfurt:EKA.F - News) ("Entree" or the "Company") announces that it has mobilized field crews to commence exploration on its projects in Mongolia and Arizona. The projected budget for exploration on the Company's projects in 2007 is approximately US$5 million. Budgets may be adjusted, depending upon the success of our exploration efforts." More
- April 10, 2007 | Item | E-mail
Great Basin Gold files for $45 million stock shelf - "Great Basin Gold Ltd. (GBG.TO: Quote, Profile , Research) (GBN.A: Quote, Profile , Research), a Canadian developer of precious metals deposits, filed with U.S. regulators on Tuesday to periodically sell up to $45 million in common stock." More
- April 10, 2007 | Item | E-mail
Orezone Resources Inc.: Essakane Resources Increased by Over 30 percent - "Orezone Resources Inc. (Toronto:OZN.TO - News)(AMEX:OZN - News) is pleased to announce that a resource estimate for the Essakane Main Zone ("EMZ") has been submitted to Orezone by its partner, Gold Fields Limited ("Gold Fields"). The new resource was reviewed by independent consultant Snowden Mining Industry Consultants (Perth, Western Australia). Indicated resources in the EMZ now total 68.7Mt grading 1.6g/t (3.4Moz) and inferred resources amount to an additional 23.5Mt grading 1.5g/t (1.1Moz), based on a 0.5g/t cutoff grade." More
- April 10, 2007 | Item | E-mail
Silver Standard Resources Inc.: Total Pitarrilla Silver Resources Increase by 28% - "Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) is pleased to report that project resources have increased significantly at its wholly-owned Pitarrilla silver project located in the state of Durango, Mexico. The increased resource is now comprised of measured and indicated silver resources totalling 350.4 million ounces, an increase of 50% or 116.1 million ounces, and inferred silver resources of 193.6 million ounces, up slightly since the last update in August 2006. All of the silver resource increase is in the Breccia Ridge Zone." More
- April 10, 2007 | Item | E-mail
MAG Silver & Penoles Report Drill Results and Update on Valdecanas - "MAG Silver Corp. (CDNX:MAG.V - News) and Industrias Penoles S.A. de C.V. announces assay results from HOLES KC, KE and visual results from SD on the Valdecanas Vein. Hole SD, located 600 metres east of the discovery section M, has reported a 5.0 metre banded and brecciated quartz vein intercept at 745.6 metres down hole. It carries lead, zinc and silver sulphides. Assays are pending and the hole remains in progress. See longitudinal map at www.magsilver.com/07-11_SD_KC_KE.pdf." More
- April 10, 2007 | Item | E-mail
Beatrix, Aust. to hit Gold Fields output-analysts - "Production problems at Gold Fields' (GFIJ.J: Quote, Profile , Research) South African Beatrix mine and in Australia will lead to weaker third quarter output than expected, analysts said.
Gold Fields, the world's fourth biggest gold producer, declined to comment on Tuesday, noting the firm was in a closed period ahead of results being released for the three months to end March." More
- April 10, 2007 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 10 April, 2007 | |
