Speaking at the World Economic Forum in Davos, the Barrick chairman of the the world’s biggest gold producer commented that while the gold price may be volatile, its upward climb is not over. ”It may fluctuate, (but) to us and I think to our investors, the key criteria should be that it’s got a secular tendency [...]
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Vancouver, B.C., January 25, 2010 – Newstrike Capital Inc. (NEX: NES.H) (“Newstrike” or “the Company”) – www.newstrikecapital.com – reports that it has completed a non-brokered private placement of 5,000,000 units at a price of $0.40 per unit for cash proceeds of $2,000,000. Each unit is comprised of 0.3 of a common share and 0.7 of [...] The Motley Fool sings the praises of Goldcorp stating that “Goldcorp’s position of relative strength among major gold miners has been years in the making and recent strategic moves to build out the company’s production pipeline lay the foundation for a lasting competitive advantage over even traditional gold mining titans like Barrick Gold and Newmont Mining. “ GOLDCORP INC. announced record gold production for the 2009 year of over 2.4 million ounces, exceeding guidance that had been previously revised upward from 2.3 million ounces. Fourth quarter 2009 gold production totaled 601,000 ounces. The Company commented that the Los Filos mine is expected to remain the largest gold producer in Mexico in [...]
As 2009 ended, Goldcorp emerged victorious in a takeover battle with Minera Penmont (44 percent owned by Newmont Mining Corporation with the remainder held by Mexican miner Fresnillo Plc.) to acquire Canplats Resources Corp.
The prize was Canplats’ Camino Rojo’s 3,389-square kilometre land position which includes the Represa [...] |
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