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Canadian-based mining company Goldcorp is playing well south of the U.S. border. Why else would Mexican President Felipe Calderon attend Goldcorp’s (GG) recent opening ceremony for a new mine in Penasquito? The president lauded Goldcorp for its $1.7 billion investment and for creating thousands of jobs. Once fully operational, the mine in the north-central region will be [...] Newstrike Capital Inc. (TSX VENTURE:NES) (“Newstrike” or the “Company”) – www.newstrikecapital.com – is pleased to announce it has entered into a definitive agreement dated May 11, 2010 to acquire 100% of the “Ana Paula Project” from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary company of Goldcorp Inc. (TSX:G, NYSE:GG). Ana Paula is [...] Gold prices hit an all-time high as demand surged to the highest level since the collapse of Lehman Brothers in 2008 amid volatile financial markets in Europe. Spot gold in London surged to above $1,230 a troy ounce, surpassing the previous record set in December last year. Gold prices in euro terms also hit a fresh all-time [...] Gold is relatively scarce in the earth, but it occurs in many different kinds of rocks and in many different geological environments. Though scarce, gold is concentrated by geologic processes to form commercial deposits of two principal types: lode (primary) deposits and placer (secondary) deposits. Lode deposits are the targets for the “hardrock” prospector seeking gold [...] Mexico’s February mining output showed big gains in gold, silver and lead, with overall production 33% higher than in the year-ago month, the National Statistics Institute said Friday. Gold production rose to 4,591 kilograms in February, the institute, known as Inegi, said, from 1,444 kilograms a year earlier. Silver output rose to 225,516 kilograms from 81,114 kilograms, [...] |
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