Tuesday, May 02, 2006

 

Gold price hits 25-year highs


Gold price hits 25-year highs
SAN FRANCISCO, April 28 (UPI) -- Gold prices jumped more than $18 an ounce Friday to close at $654.50, a level not seen since late 1980, MarketWatch reported.

SA miners to report highest gold price ever
JOHANNESBURG (Mineweb.com) -- South Africas gold miners will probably have achieved their highest quarterly gold price ever in the three months to March, when the companies start to report those numbers at the end of April.

Bullion stocks get no glitter from gold's jump
NEW YORK (Reuters) - The surge in the gold price to a 25-year high couldnt have come at a worse time for gold miners such as Newmont Mining Corp. and Barrick Gold Corp. as a competing rally in oil could spoil their party.

Yukon Resources and Virginia Mines Sign Binding Agreement on Sagar Uranium/Gold Property Located Within the Labrador
Mr. Kirk McKinnon, President & CEO of Yukon Resources Corp.(FWB:YE5) and Mr. Andre Gaumond, President & CEO of Virginia Mines Inc. are pleased to announce the signing of a binding agreement wherein Yukon has the option to acquire an undivided 75% participating interest in 200 claims constituting the Sagar property, located in the Labrador Trough in Northern Quebec.

Pak workers rally on May Day, protest price hike
LAHORE - Thousands of Pakistani workers held May Day rallies in major cities across the country on Monday demanding increased wages in the wake of recent price hikes, witnesses said.

Independent professional report discloses good gold ore containing an abundance of large gold nuggets
The Company has just received a very favorable independent professional geologist's report which examines the sample results and measures the approximate grade of gold bearing material taken from Silverado's 2005 - 2006 winter underground development project.

JSE rises, led by BHP and Anglo
Shares on the JSE Securities Exchange have risen as gains in the price of gold and copper pushes up shares of mining companies like BHP Billiton and Anglo American.

Oil price pushed higher by new investors
Crude oil is not merely a physical commodity that fuels the world economy. It has also become a valuable financial asset, bought and sold in electronic exchanges by traders around the world.

Oil and gold lift sharemarket
The Australian sharemarket has risen almost 1 per cent, largely on the back of rises in oil and gold.

Gold has chance to hit record high next year
ZURICH: Gold has a 25-30 percent chance to breach its record high of $850 an ounce next year on growing demand, new investment products and wider world economic trends, a leading analyst said. The trend is up. I have a 50 percent probability that we will get to $800 next year and a 25-30 percent

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