Hedge Fund Manager Sprott Sees Gold at $1,500 in 2010

 
Eric Sprott, whose Sprott Hedge Fund increased more than fivefold in nine years, said gold may rise to $1,500 an ounce this year and $2,000 within two years as the U.S. government takes measures to counter the credit crunch. “With quantitative easing and the financial problems we have, I suspect that the gold price goes [...]

Barrick Chairman Sees Secular Trend

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 [...]

GOLDCORP ACQUISITION OF CANPLATS

 

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 [...]

History of the Development of the Guerrero Gold Belt

The Guerrero Gold Belt (GGB) is a significant emerging gold mining district hosting a gold bearing iron skarn-porphyry mineralizing system. The district includes Goldcorp’s Bermejal, Nukay and Los Filos deposits, and Gleichen Resource’s Limon-Los Guajes deposit. The GGB has an inventory of approximately 14 million ounces of gold, which continues to increase with ongoing exploration [...]

Lundin’s Mexican Presence

The Lundin Group of Companies is the principal shareholder of Newstrike Capital Inc. http://www.thelundingroup.com/s/Home.asp
Internationally recognized as leaders in identifying superior investment opportunities in the natural resource sector, the Lundin group’s endeavors have led the development of several world class mineral deposits and significant gains for shareholders who participated in their ventures.

Renown for their foresight and [...]

A Brief History of Oaxaca’s Golden Past

There’s an old saying that goes “gold is where you find it.” This may seem overly simplistic, but it makes sense when considering that many companies have had success recently by exploring near and beneath past workings in Mexico. After all, historic mining regions are historic for a reason. Spanish conquistadors mined metal deposits in [...]