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Gold Seeker Closing Report: Gold and Silver Reverse Early Losses and End Nicely Higher

By: Chris Mullen, Gold-Seeker.com


-- Posted 4 October, 2007 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$737.10

+$7.70

Silver

$13.36

+$0.03

XAU

168.41

+1.84%

HUI

387.05

+1.54%

GDM

1203.78

+1.88%

JSE Gold

2554.39

+0.55%

USD

78.41

-0.22

Euro

141.18

+0.10

Yen

85.84

+0.14

Oil

$81.44

+$1.50

10-Year

4.523%

-0.020

T-Bond

112.09375

+0.25

Dow

13974.31

+0.04%

Nasdaq

2733.57

+0.15%

S&P

1542.84

+0.21%

 

The Metals:

 

Gold dropped to as low as $721.57 by a little after 9AM EST in New York after having traded mostly slightly lower in Asia and London, but it then jumped about $10 higher between 10AM and 10:30, added to its advance even more in afternoon trade, and ended not far from its high of $738.50 with a gain of 1.06%.  Silver traded at as low as $13.10 before it also jumped higher after 10AM and rose to as high as $13.41 by 11AM.  It then remained near its high into the close and ended with a gain of 0.23%.

 

Euro gold rose to over €521, platinum gained $9 to $1365, palladium gained $11 to $362, and copper fell slightly to about $3.74.

 

Gold and silver equities fell to find about 1% losses in the first half hour of trade, but they then steadily rallied higher for the rest of the day and ended with nearly 2% gains.

 

WGC Puts Central Bank Gold Sales Under Pact At 475 Tons In 3rd Year  Nasdaq

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

9/29

317K

310K

301K

Factory Orders

Aug

-3.3%

-2.8%

3.4%

 

Tomorrow at 8:30AM EST brings September’s jobs report.  Nonfarm Payrolls are expected at 100,000, the Unemployment Rate is expected at 4.7%, Hourly Earnings are expected at 0.3%, and the Average Workweek is expected at 33.8.  At 3PM is the Consumer Credit report for August expected at $9.5 billion.

 

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The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil started off trading in New York lower, but it then rose throughout trade and ended back above $81 on supply concerns.

 

The U.S. dollar index fell and treasuries rose after another round of disappointing economic data, but moves were somewhat limited ahead of tomorrow’s jobs report.  Traders also paid close attention to the Bank of England and European Central Bank who both kept interest rates unchanged as ECB President Trichet expressed concern over both inflation and slowing economic growth.

 

The Dow, Nasdaq, and S&P remained near unchanged as traders awaited tomorrow’s jobs report.

 

Among the big names making news in the market today were Constellation, Wendy’s, and Marriott.

 

The Commentary:

 

“December Gold finished up 8.1 at 743.8, 0.7 off the high and 17.3 up from the low.

 

December Silver closed up 0.03 at 13.5. This was 0.3 up from the low and 0.02 off the high.

 

After seeing December gold fall down to the lowest level since September 18th it was quite surprising that the market was able to come roaring back. Certainly some weakening in the Dollar helped the market reverse course but it is also possible that strength in oil prices added into the bullish wave. Some Press outlets suggested that the recovery in gold prices was a speculation on a weaker than expected US payroll reading and that is certainly a possibility. It is also possible that the closure of the Harmony Mine by South African officials is signaling increased oversight on issues of safety and that could end up stalling deep mine operations and in turn serving to crimp South African gold production even further.

 

While the silver market managed to reject its early lows and in the process forge a 33 cent bounce, one could look at the silver action and conclude that it underperformed the gold market during the trading session Thursday. Perhaps the closure of the South African gold mine explains part of the silver markets lack of strength relative to gold, but it is also possible that speculative buying ahead of the upcoming US Non farm payroll report was mostly in gold as opposed to silver.”- The Hightower Report, Futures Analysis and Forecasting

 

GATA Posts:

 

 

Paul shows you can be conservative and anti-war too

Bank of England pressured for emergency rate cut

Stunning fund-raising success for Paul's presidential campaign

Dollar takes blows from Vietnam and Qatar

 

The Statistics:

As of close of business: 10/3/2007

Gold Warehouse Stocks:

7,184,123

+83,102

Silver Warehouse Stocks:

133,133,373

+294,757

 

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

577.85

18,578,347

US$ 13,566m

London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse )

Gold Bullion Securities

97.90

3,147,579

US$ 2,318m

Australian Stock Exchange (ASX)

Gold Bullion Securities

15.06

484,003

US$ 357m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

17.96

577,563

US$ 421m

Note: Change in Total Tonnes from yesterday’s data: The LSE added 2.45 tonnes.

 

COMEX Gold Trust (IAU)

Profile as of 10/3/2007

 

Total Net Assets

$1,172,506,715

Ounces of Gold
in Trust

1,607,768.854

Shares Outstanding

16,250,000

Tonnes of Gold
in Trust

50.01

Note: No change in Total Tonnes from yesterday’s data.

 

Silver Trust (SLV)

Profile as of 10/3/2007

 

Total Net Assets

$1,915,397,286

Ounces of Silver
in Trust

143,481,444.700

Shares Outstanding

14,450,000

Tonnes of Silver
in Trust

4,462.77

Note: Change in Total Tonnes from yesterday’s data: 1.72 were removed from the trust.

 

The Stocks:

 

The bad news was that 3200 South African gold miners became trapped more than a mile underground at Harmony’s (HMY) Elandsrand mine late yesterday after the “electricity cable of the mine's main lift was severed,” but the good news is that the last of all 3200 was rescued to safety by publication time today.  Northern Orion’s (NTO) planned mine construction, Russia’s plans to sell its Sukhoi Log gold deposit through a tender, Harmony’s ordered mine closure for six weeks, Northern Dynasty’s (NAK) drill results, Aurelian’s (ARU.TO) inferred mineral resource estimate, Harmony’s plans to sell its uranium and copper projects and $290 million debt facility, Entree Gold’s (EGI) drill results, Impact Silver’s (IPT.V) sampling results, Minco’s (MSV.TO) assay results, Tumi’s (TUMIF.OB) drill contract, Paramount’s (PZG) assay results, Bear Creek’s (BCM.V) drill results, MAG Silver’s (MVG) listing on the TSX, Aquiline’s (AQI.TO) drill results, and Apogee’s (APE.V) commenced drill program were among the other big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Minco Gold

MGH+20.00%$1.02

2.  Paramount

PZG +9.36% $2.57

3.  Endeavour

EXK +7.93% $3.54

 

LOSERS

1.  Kimber

KBX-4.50% $1.06

2.  Cardero

CDY-4.19% $1.83

3.  Nevsun

NSU-4.12% $1.63

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:

Pele Mountain Achieves Major Milestone with Positive Scoping Study for Uranium Mine Project at Elliot Lake - More
- October 04, 2007 | Item | E-mail


Northern Orion to start work on Argentine mine in '08 - "Canada's Northern Orion Resources Inc could begin construction of a copper and gold mine next year in northeastern Argentina with an investment of $2 billion, the company's president said on Thursday." More
- October 04, 2007 | Item | E-mail


Last of 3,200 trapped SAfrican miners saved - "The last of 3,200 miners trapped deep in a South African mine shaft was saved on Thursday, capping a day-long rescue mission that began with fears of the worst and ended in wild celebrations." More
- October 04, 2007 | Item | E-mail


Rising C$ puts squeeze on Canadian miners' profits - "The Canadian dollar's rise to parity with the U.S. dollar will take a bite out of Canadian miners' third-quarter earnings, although the impact could be muted for companies with diverse international holdings, analysts say." More
- October 04, 2007 | Item | E-mail


Sherwood Reports that Minto Mine Declares Commercial Production - More
- October 04, 2007 | Item | E-mail


Global Minerals begins drilling at Quarter Horse Ranch - Nevada - More
- October 04, 2007 | Item | E-mail


Katanga Announces US$150 Million Loan Following Review of Strategic Options - More
- October 04, 2007 | Item | E-mail


10.50 Metres of 11.19% Copper Within 43.05 Metres of 4.38% Copper in Drill Hole 2, at VMS Ventures Reed Lake Property, Snow Lake, Manitoba - More
- October 04, 2007 | Item | E-mail


Denison Updates Athabasca Basin Exploration Activities - More
- October 04, 2007 | Item | E-mail


Century Mining Corporation announces takeover bid for Sulliden Exploration Inc. - More
- October 04, 2007 | Item | E-mail


Farallon Announces Manager of Concentrate Marketing & Logistics - More
- October 04, 2007 | Item | E-mail


Goldbelt studies options, announces Inata study - More
- October 04, 2007 | Item | E-mail


LKA Announces Results of Barrick's Sampling of Golden Wonder Ore - More
- October 04, 2007 | Item | E-mail


Mesa Uranium Begins Step-Out Drilling on Uranium Discovery - More
- October 04, 2007 | Item | E-mail


Goldbelt Receives Final Feasibility Study for Inata Project - More
- October 04, 2007 | Item | E-mail


Sage Drilling Underway at Jacobus Ni/Cu and Au Property in Beardmore - More
- October 04, 2007 | Item | E-mail


Celtic completes $7,500,000 private placement - More
- October 04, 2007 | Item | E-mail


Bayswater Adds Correction to Its Statement on the Tragic Helicopter Accident on Its Labrador Uranium Project as Reported Yesterday - More
- October 04, 2007 | Item | E-mail


Murgor Resources launches a new enhanced website - More
- October 04, 2007 | Item | E-mail


Yukon Gold Completes VTEM Exploration Program on Mt. Hinton Silver-Gold Property - More
- October 04, 2007 | Item | E-mail


Company Has Received Further Assays for the Red Cliff Property with DDH-RC-2007-19 Intersecting 3.81 Meters of 15.03 g/t Gold and 1.29 % Copper - More
- October 04, 2007 | Item | E-mail


Victory Nickel's Lac Rocher Deposit Continues to Return Impressive Results - More
- October 04, 2007 | Item | E-mail


IMPACT Silver Announces Zacatecas Sampling Results - "IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce results from an initial sampling program undertaken on the wholly-owned Nueva Granada and Asturiana concessions in the Zacatecas Silver District." More
- October 04, 2007 | Item | E-mail


Minco Silver Releases Assay Results From Phase V Drilling Program on the Fuwan Silver Deposit - "The program was designed to further increase the level of confidence of the resource through in-fill and step out drilling, and encompasses a broad spectrum of detailed engineering work designed to investigate the geotechnical, hydrological, and metallurgical aspects of the project. Phase V drilling was completed in late September with a total of 18 holes being drilled for 3,650 metres." More
- October 04, 2007 | Item | E-mail


Callinan Mines Limited: Geochemical Samples Confirm Base and Precious Metal Targets at Fox River - More
- October 04, 2007 | Item | E-mail


Nevoro Inc. Acquires the Jenny Hill Gold Project - More
- October 04, 2007 | Item | E-mail


Duran Reports 0.54% Copper Equivalence Over Entire 371 Metres of First Ever Diamond Drill Hole in Aguila East Target - More
- October 04, 2007 | Item | E-mail


MacMillan Reports 0.54% Copper Equivalence Over Entire 371 Metres of First Ever Diamond Drill Hole in Aguila East Target - More
- October 04, 2007 | Item | E-mail


Laurion Announces the Purchase of the Former Gold-Producing Sturgeon River Mine in Beardmore, Ontario - More
- October 04, 2007 | Item | E-mail


Nautilus reviews Solwara 1 mining service bids - More
- October 04, 2007 | Item | E-mail


MacDonald Mines and JV Partners Acquire Land Positions with Similar Geology to the Spectacular Noront Nickel-Copper Discovery in Northern Ontario - More
- October 04, 2007 | Item | E-mail


Russian Sukhoi Log gold field to be sold at tender - "Russia will sell its Sukhoi Log gold deposit through a tender, rather than an auction, requiring the successful bidder to invest at least $1.9 billion and fulfil certain conditions, a government minister said on Thursday." More
- October 04, 2007 | Item | E-mail


High River Gold's Strategic Partner, Goldrush Resources, Announces Gold Discovery Near Bissa - More
- October 04, 2007 | Item | E-mail


Explorator Resources Hits Significant Copper-Gold Mineralization Beyond Main Zone at El Espino-Venus - More
- October 04, 2007 | Item | E-mail


Marathon completes 40,000 m drilling campaign and expects new mineral resource estimate in November 2007 - More
- October 04, 2007 | Item | E-mail


Goldbelt Receives Final Feasibility Study for Inata Project - More
- October 04, 2007 | Item | E-mail


Columbia Announces Transfer of Environmental & Mining Permits - More
- October 04, 2007 | Item | E-mail


Golden Odyssey Reports Drilling Progress on Two Key Properties - More
- October 04, 2007 | Item | E-mail


Tumi Resources Signs Drill Contract for the La Trini Silver-Gold Project, Jalisco, Mexico - "Tumi Resources Limited ("Tumi" and/or the "Company") (TSX VENTURE:TM - News; OTCBB:TUMIF - News; FRANKFURT:TUY - News). David Henstridge, President, is pleased to announce the signing of a drill contract with Layne de Mexico, S.A. de C.V. to undertake the third stage reverse circulation (RC) drill program at the Company's 100% owned La Trini Silver-Gold Project. The drill program is expected to commence in the next week and will consist of a minimum 2,000 metres. Twelve pads in the vicinity of drill hole TRRC-32, which intersected 24.4 metres averaging 6.4 g/t gold and 1,629 g/t silver, are being prepared." More
- October 04, 2007 | Item | E-mail


Freegold Drilling Intersects 25 g/t Over 9 feet in Further Golden Summit Expansions - More
- October 04, 2007 | Item | E-mail


Wescan-Alto finalize drill contract for Mud Lake Project, Beardmore-Geraldton Gold Belt - More
- October 04, 2007 | Item | E-mail


Wescan commences drilling programs on Fork Lake and Jojay Projects - More
- October 04, 2007 | Item | E-mail


Dutch Gold Resources Updates Recent Drilling Results - More
- October 04, 2007 | Item | E-mail


Bellhaven Acquires 100% Interest in an Advanced Stage Gold Deposit in Panama's Azuero Peninsula - More
- October 04, 2007 | Item | E-mail


Richview Resources Inc.: Analytical Results From Drill Program - More
- October 04, 2007 | Item | E-mail


Yukon Zinc Receives Type A Water Licence for Wolverine Project - More
- October 04, 2007 | Item | E-mail


Dynamite Resources Ltd.: First Drill Hole Confirms Massive Altered System at Lake Torrens IOCGU Project - More
- October 04, 2007 | Item | E-mail


San Miguel Drill Program Intercepts 2.1 Meters of 6.7 g/t Gold and 632 g/t Silver Including 0.7 Meters of 17.8 g/t Gold and 1,600 g/t Silver - More
- October 04, 2007 | Item | E-mail


Duluth Metals announces 95% copper and 72% nickel recoveries from initial metallurgical tests - More
- October 04, 2007 | Item | E-mail


General Metals Completes First Five Drill Holes at the Independence Mine in Battle Mountain, Nevada With Assay Results to Follow - More
- October 04, 2007 | Item | E-mail


Alberta Star Intersects 21.08 Meters of High Grade 2.23% Copper and 65.21 g/ton Silver of IOCG Style Mineralization at the Eldorado IOCG & Uranium Project - More
- October 04, 2007 | Item | E-mail


Anglo Swiss Resources Performs Geophysical Program Over Alkalic Porphyry Copper (+/-Gold, Silver, Molybdenum) Target - More
- October 04, 2007 | Item | E-mail


Franconia Minerals Further Delineates Copper-Nickel-PGM Mineralization in Duluth Complex Project - More
- October 04, 2007 | Item | E-mail


Can-Cal Resources Ltd.-Announces Recent Developments - More
- October 04, 2007 | Item | E-mail


BCM Resources: High Grade Molybdenum Sample Results From Shan South - More
- October 04, 2007 | Item | E-mail


Latest Assay Results Spur Phase 3 Drilling at Igor Property - More
- October 04, 2007 | Item | E-mail


Dumont Gold projects update, Clifton-Goldhill mining district, Utah - More
- October 04, 2007 | Item | E-mail


Argentex reports strongest geophysical anomaly discovered to date at Pinguino, Argentina - More
- October 04, 2007 | Item | E-mail


Full Metal Intersects 1.24% Copper, 30.3% Iron and 4.2 g/t Silver Over 22 Meters at Mount Andrew IOCG Project - More
- October 04, 2007 | Item | E-mail


Newstrike Resources Ltd.: Swansea Project Update - More
- October 04, 2007 | Item | E-mail


Gold Rush in Central Nevada Shines Spotlight on Golden Eagle's Gold Bar Mill - More
- October 04, 2007 | Item | E-mail


Unico, Inc. Announces MSHA Notification and Renewal of Mine Rescue Coverage for Underground Activities at the Deer Trail Mine - More
- October 04, 2007 | Item | E-mail


Piedmont Mining Company Starts Drilling - More
- October 04, 2007 | Item | E-mail


Rochester Announces $3.5 Million Financing - More
- October 04, 2007 | Item | E-mail


PolyMet Hosts Analyst and Investor Tour - More
- October 04, 2007 | Item | E-mail


Canam Energy Inc. Enters Into Letter of Intent to Acquire Additional Uranium Properties - More
- October 04, 2007 | Item | E-mail


Majescor Ready to Drill Otish Mountains Lac Mantouchiche Uranium Target - More
- October 04, 2007 | Item | E-mail


Little Squaw Delineates 7.5-Million-Cubic-Yard Placer Gold Deposit at Chandalar - More
- October 04, 2007 | Item | E-mail


Garrison International Announces Tovshiir Project Expands Mineralized Zones With Channel Sample Results Returning Up to 146.19 g/t Au. (Average 22.75 g/t Au) - More
- October 04, 2007 | Item | E-mail


Mercator Records Record Third Quarter Copper Production - More
- October 04, 2007 | Item | E-mail


Grande Portage Resources Ltd. Announces Resource Estimates at Merry Widow - Commences Preliminary Recovery and Scoping Studies - More
- October 04, 2007 | Item | E-mail


CZM Intersects 35.0m of 1.3g/t Au and 5.9g/t Ag at TAG Gold-Silver Project - More
- October 04, 2007 | Item | E-mail


Philex Gold Announces Earn-In Agreement With PDEP, Inc. - More
- October 04, 2007 | Item | E-mail


Castillian Intersects 36.9 Meters Grading 0.75% Nickel and 0.33% Copper, Which Includes 7.1 Meters Grading 1.56% Nickel and 0.53% Copper at Mangabal South - More
- October 04, 2007 | Item | E-mail


AAA Energy Inc. Undertakes China Moly Expansion - More
- October 04, 2007 | Item | E-mail


Alhambra Resources Ltd. Completes Oversubscribed Financing - More
- October 04, 2007 | Item | E-mail


Fine concentrates from 2007 Nolan Gold recovery run 30% gold and 2% silver - More
- October 04, 2007 | Item | E-mail


Trade Winds Intersects 6.14 Grams/Tonne Gold Over 8.84 Metres Within the M Zone on Block A Property at Detour Lake, Ontario - More
- October 04, 2007 | Item | E-mail


INTERIVEW-S.African mine must shut for 6 wks after accident - "South Africa's mining minister on Thursday ordered the Elandsrand mine owned by Harmony Gold (HARJ.J: Quote, Profile, Research) to close for six weeks after an accident that stranded miners underground." More
- October 04, 2007 | Item | E-mail


Golden Phoenix Announces Resumption of Regular Grinding and Flotation Operations at Its Ashdown Molybdenum Mill - More
- October 04, 2007 | Item | E-mail


Amera Reports High-Grade Gold and Copper Results From Cocha Project - More
- October 04, 2007 | Item | E-mail


Paramount Gold Reports Assay Results of 2.1 Meters of 6.7 g/t Gold and 632 g/t Silver Including 0.7 Meters of 17.8 g/t Gold and 1,600 g/t Silver - "Paramount Gold and Silver Corp. (Toronto:PZG.TO - News)(AMEX:PZG - News)(Frankfurt:P6G.F - News)(WKN: A0HGKQ) is pleased to announce the assay results from thirteen drill holes and one trench in the San Antonio/El Carmen area at its San Miguel project in the Guazapares Mining District, Mexico. These results indicate the presence of a new high grade gold-silver structure." More
- October 04, 2007 | Item | E-mail


Santoy-Denison Joint Venture Provides Progress Report, Athabasca Basin, Saskatchewan - More
- October 04, 2007 | Item | E-mail


Fission Energy Completes MOU with KEPCO on Waterbury Lake, Athabasca Basin - More
- October 04, 2007 | Item | E-mail


Northern Dynasty Minerals Ltd.: Update on Pebble East Drilling Results - "Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (CDNX:NDM.V - News)(AMEX:NAK - News) is pleased to provide a Pebble Project update. As announced on July 31, 2007 a wholly owned subsidiary of Anglo American plc ("Anglo") became a 50% partner in the Pebble Project with a wholly owned affiliate of Northern Dynasty Minerals Ltd ("Northern Dynasty")." More
- October 04, 2007 | Item | E-mail


Bear Creek's Santa Ana drilling expands silver mineralization; High-grade structures encountered; Positive silver recovery from column leach testing - "Bear Creek Mining (TSX Venture: BCM - News; "Bear Creek" or the "Company") is pleased to announce results from seventeen additional diamond drill holes (3,602 meters). Drilling at Santa Ana now totals 12,802 meters in eighty-two drill holes. Santa Ana is located 200 kilometers south of the Company's world class Corani silver-base metal deposit in southeastern Peru." More
- October 04, 2007 | Item | E-mail


MAG Silver to List on the Toronto Stock Exchange Under the Symbol "MAG" - "MAG Silver Corp. (CDNX:MAG.V - News)(AMEX:MVG - News) ("MAG") announced today that effective October 5, 2007 the Company's shares will begin trading on the Toronto Stock Exchange ("TSX") under the symbol "MAG". The Toronto Stock Exchange is a world-leading platform for liquidity and access to capital for mining projects, ranking number one in mining financings worth approximately C$7.7 billion in 2006." More
- October 04, 2007 | Item | E-mail


Aquiline Drilling at Navidad Continues to Expand Loma de La Plata - "Aquiline Resources Inc. ("Aquiline" or the "Company") (TSX:AQI - News) is pleased to report on the results of 41 new diamond drill holes at its Navidad Project in Chubut Province, Argentina. Of the 41 holes reported, 21 were drilled in the Loma de La Plata zone (see attached map), bringing total drilling there to 39 holes. The remaining 20 holes were drilled at Calcite NW, 10 of which were drilled outside the previous resource area." More
- October 04, 2007 | Item | E-mail


Apogee Commences 20,000 Meter Diamond Drill Program on Paca and Pulacayo Deposits, Bolivia - "Apogee Minerals Limited ("Apogee") (TSX VENTURE:APE - News) is commencing a 20,000 meter diamond drill program on the Pulacayo and Paca silver-zinc-lead deposits in Bolivia, approximately 420 km south of La Paz (Figure 1). The objective of the drill program will be to increase the resource base by incorporating a significant resource contribution from the Pulacayo deposit and upgrade the current resource at Paca to an "Indicated" category (CIMM definition) in order to support completion of a feasibility study." More
- October 04, 2007 | Item | E-mail


Aurelian Releases Initial Inferred Mineral Resource Estimate for Fruta Del Norte Gold-Silver Deposit - "Aurelian Resources Inc. (Toronto:ARU.TO - News) today announced the first National Instrument 43-101-compliant, inferred mineral resource estimate for Fruta Del Norte (FDN), a buried epithermal gold-silver discovery on its wholly-owned Condor Project in south-eastern Ecuador. An initial inferred resource of 58.9 million tonnes grading 7.23 g/t gold (Au) and 11.8 g/t silver (Ag) for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver was determined at a cut off grade of 2.3 g/t gold-equivalent." More
- October 04, 2007 | Item | E-mail


UPDATE 1-Harmony seeking buyers for uranium, copper projects - "South Africa's Harmony Gold (HARJ.J: Quote, Profile, Research) said on Thursday its financial advisors were holding talks with parties interesting in buying its uranium assets." More
- October 04, 2007 | Item | E-mail


Harmony says secured $290 mln debt facility - "South African gold producer Harmony Gold Mining Company Ltd (HARJ.J: Quote, Profile, Research) has secured a two billion rand ($289.6 million) debt facility which will mostly be used for capital expenditure at its Hidden Valley project in Papua New Guinea, the group said on Thursday." More
- October 04, 2007 | Item | E-mail


Uruguay Mineral Exploration Inc: Notice of Results - More
- October 04, 2007 | Item | E-mail


Aquila Completes Airborne Geophysical Survey - More
- October 04, 2007 | Item | E-mail


Majestic Gold Outlines 2007 Program for Song Jiaguo - More
- October 04, 2007 | Item | E-mail


Entree Gold Releases Sparrow South Results - "Entree Gold Inc. (Toronto:ETG.TO - News)(AMEX:EGI - News)(Frankfurt:EKA.F - News) ("Entree" or the "Company") has received preliminary results for the ongoing drilling at Sparrow South, located on the Javhlant license of Entree's Lookout Hill property to the south of Ivanhoe's Oyu Tolgoi concession. The Javhlant license is part of the joint Entree-Ivanhoe Mines agreement area." More
- October 04, 2007 | Item | E-mail


High River Gold Considering the Spin Out of the Prognoz Silver Project - More
- October 04, 2007 | Item | E-mail


Union fears for trapped South African miners - "Some 3,200 miners were trapped deep underground in a South African gold mine on Wednesday and a union spokesman said they could be suffocating." More
- October 04, 2007 | Item | E-mail


Rocmec Closes the Second Tranche of a Financing of up to $4,000,000 With the Mineralfields Group - More
- October 04, 2007 | Item | E-mail


Nuinsco Resources Limited Issues Early Warning Report Pursuant to National Instrument 62-103 Regarding Campbell Resources Inc. - More
- October 04, 2007 | Item | E-mail


Pacific Comox Resources Ltd.: 19 Meters Grading 0.23% Copper and 0.062% Molybdenum or 1.2 lbs/ton Molybdenum Reported in Hole 74 - More
- October 04, 2007 | Item | E-mail


Explor Resources Inc.: Acquisition of the East Bay Property Extension - More
- October 04, 2007 | Item | E-mail


GoldMountain Corporate Office Update - More
- October 04, 2007 | Item | E-mail


 

- Chris Mullen, Gold Seeker Report

 

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Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted 4 October, 2007 | |


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