Thursday, May 04, 2006
Gold Hits New High, Then Fades on Profit Taking
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.
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..
GOLD MINING
JUNIOR explorer Red 5 says it will cost $58.77 million to develop the first stage of a gold mine in the Philippines, with the first bar in 2008. Red 5 said a pre-feasibility study had indicated the first stage would produce 344,000 ounces of gold and 349,000 ounces of silver over seven years.
Eurasia Mining and Anglo Platinum Move Ahead With Russian JV
Eurasia Mining has high hopes for the Zapadnaya Imandra platinum deposit in the Kolskiy peninsula with plans to invest $2 million in further investigation this year.
Aussie shares up on gold, banks, NZ drops
SYDNEY: Australian shares added 1 percent on Monday as strong bullion prices lifted gold miner Newcrest Mining, while St George Bank and Westpac Banking climbed on expectations of strong earnings. Investors returned to the big miners such as BHP Billiton Ltd/Plc and Rio Tinto Ltd/Plc as metals
Jungle gold mine may rescue troubled Solomons
The government of the Solomon Islands hopes an abandoned gold mine in a jungle in the Solomon Islands could be a lifeline for the troubled nation.
(AFX UK Focus) 2006-05-03 15:42 GMT: African Eagle partners with MDN Northern Mining on Msasa gold project, Tanzania
LONDON (AFX) - African Eagle Resources PLC said it has signed an option agreement with MDN Northern Mining over the Msasa Gold Project in Tanzania.
MDN Options Gold Discovery Near Tulawaka Mine
MDN NORTHERN MINING (MINIERES DU NORD) (TSX:MDN) is pleased to announce that it has optioned the Msasa project in Tanzania from African Eagle Resources (AIM:AFE).
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. NCM.AX on the back of strong bullion prices.