Wednesday, May 03, 2006

 

Aussie stocks seen steady, gold up; NZ flat


Aussie stocks seen steady, gold up; NZ flat
SYDNEY, May 2 (Reuters) - Australian shares are expected to start steady on Tuesday, with Wall Street's decline seen offset by gains in gold miners such as Newcrest Mining Ltd. on the back of strong bullion prices.

Hot Stock Alert: Small Public Company Completes Acquisition in Colombia's Highest Yielding Gold Zone! May 3, 2006
Wall Street News Alert's "stocks to watch" this morning are: Metro Gold Mines Mineral Resources Inc., Goldcorp Inc., Newmont Mining Corporation and Phelps Dodge Corp..

Prize Mining Corporation - Exploration and Development Programs Move Forward
Prize Mining Corporation , is pleased to announce the commencement of the Spring / Summer 2006 exploration and development programs on our Atlin Gold Property, located in northwestern British Columbia.

Teck Cominco to Fund Next US$15 Million on Fronteer's Gold Projects in Western Turkey
Fronteer Development Group(AMEX: FRG) is pleased to announce that Teck Cominco Limited's Turkish subsidiary, has elected to exercise its right to earn an interest in Fronteer's 100% owned Agi Dagi and Kirazli gold projects by spending an aggregate of US$15 million over the next two years to accelerate ongoing exploration and development.

Gold Hits New High, Then Fades on Profit Taking
Gold prices hit a new 25-year high on Wednesday, but then prices fell as investors took profits.

Barrick Profit Triples on Gold Rally, Rising Output (Update1)
May 3 (Bloomberg) -- Barrick Gold Corp., which bought rival Placer Dome Inc. this year to become the world's biggest gold producer, said first-quarter profit more than tripled as prices surged and the company increased production.

Barrick Gold 1st-Qtr Profit Rises to $224 Million From $66 Mln
May 3 (Bloomberg) -- Barrick Gold Corp., which bought rival Placer Dome Inc. this year to become the world's biggest gold producer, said first-quarter profit more than tripled to $224 million, or 29 cents a share.

Century Mining Closes Purchase of Bank Debt as Part of the Acquisition of San Juan Gold Mines and Minera Chorunga
BLAINE, WASHINGTON-- - Century Mining Corporation today announced that it has completed the purchase from Banco Wiese Sudameris of US$9.9 million of debt securing the majority of the mining concessions owned by San Juan Gold Mines S.A.A. and Minera Chorunga S.A.A.

Dominion drills for more gold under mine
Dominion Mining Ltd is drilling underneath its Challenger gold mine in the hope of boosting its reserves with new gold finds. -

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