Beiträge von GSP-Komet

MONTREAL, QUEBEC, Dec 11, 2007 (MARKET WIRE via COMTEX) -- Cadiscor Resources Inc. ("Cadiscor") (CA:CAO) (FRANKFURT: DQN) is pleased to announce that it has signed a formal option agreement with IAMGOLD Corporation, ("IAMGOLD") to acquire a 100% interest in the Sleeping Giant Mine and related milling facilities ("the Mine"). The option grants Cadiscor the right to take possession of the Mine at the end of production from current reserves and in any event not later than April 1, 2009.
Located approximately 100 km north of Amos, Quebec, in the Abitibi region, the Sleeping Giant Mine has been in operation since 1988. By the end of 2006, it had produced 825,000 ounces of gold from 2,306,000 tonnes of ore at an average grade of 11.1 g/t Au. The production schedule calls for production to end in late 2008, once current reserves are depleted. The mine has a 900 tpd C.I.P. mill on site. The production target for 2007 is 50,000 ounces of gold.
At signature of the agreement, Cadiscor made a cash payment of CAN $300,000 and issued 600,000 common shares of Cadiscor to IAMGOLD. Cadiscor also issued 1,000,000 common share purchase warrants to IAMGOLD, each warrant entitling IAMGOLD to purchase one common share of Cadiscor at a price of $1.00 until April 1, 2009.

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Second-tier names IAMGOLD Corp. (IAG), and Eldorado Gold Corp. (EGO) saw the biggest adjustments to their targets at RBC, up $1 to $13 and up $0.75 to $8.25, respectively.

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RBC thinks Barrick, Newmont, Yamana Gold Inc. (AUY), and Gabriel Resources Ltd. (GBRFF.PK) are most susceptible to further capital and operating expenditure increases.

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GOLDEN, Colo., Dec 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- Canyon Resources Corporation (CAU: canyon resources corp com new) . Canyon Resources Corporation is pleased to announce that it has initiated a 10,000 foot drilling campaign that will focus on work at both the Cecil R gold property, located four miles north of its Briggs Mine in Inyo County, California, and at the Briggs Mine itself. Harris Exploration Drilling and Associates Inc. has been contracted for the reverse circulation (RC) drilling that commenced operation today.
Gold mineralization at Cecil R occurs along a consistent and continuous shallow-dipping oxidized detachment fault zone, a planar feature located immediately below an upper plate cover of unconsolidated gravels. These gravels mantle the flat topped broad ridges at low elevations along the western foot of the Panamint Range. Exploration attention has been turned to this property because of its consistency and amenable configuration to open pit mining. Limited past exploration at Cecil R has demonstrated the continuity of the gold-mineralized zone with true widths of mineralization ranging from several feet to 90 feet. The property has in-place mineralized material estimated as 5.75 million tons at an average grade of 0.024 opt gold at a 0.015 opt cutoff grade, open in all directions along the generally 15 degree westerly dipping fault plane. Three companies have had exploratory drilling programs at Cecil R: in 1973 Homestake Mining Company drilled three holes followed by Inspiration Copper Company in 1978 who drilled 18 RC holes. Between 1991 and 2006, Canyon Resources drilled a total of 30 RC holes on Cecil R. Drilling results from these three campaigns form the basis of the mineralized material estimate.
Although some infill drilling has been planned in the incipient campaign, the present drilling program was designed primarily to step out from the known mineralization to potentially increase the area of known gold mineralization. Recent geological field work has demonstrated that the gold-bearing detachment structure continues below gravels which drape ridges to the south of the area drilled in the past. Six of the 30 planned holes will be drilled in this area. Permits for these programs have been approved and drill roads have been prepared.
Upon completion of the planned Cecil R drilling program, the drill rig will be moved to the bottom of the BSU pit of the Briggs Mine from where a minimum of three holes are planned to further explore the Goldtooth structure. These holes will provide crucial information on the down-dip and northward extension of the high-grade Goldtooth mineralized structure discovered during the 2006 drilling campaign. The planned drill holes will provide further exploration information on the region just north of Hole R-16 which had an intersection of 18 feet grading 0.48 ounce per ton of gold.
For additional information on Canyon Resources, please visit our website at http://www.canyonresources.com.

* Canyon Resources Initiates Drilling At Its Briggs Area Projects

To Highlight Safety Issues

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Safety took on additional resonance in early October when about 3,200 workers were trapped deep underground for more than a full day at Harmony Gold Mining Co.'s Elandsrand mine southwest of Johannesburg. The workers were evacuated without any serious injuries, but the incident prompted President Thabo Mbeki to order a safety audit of the about 2,800 mining operations in the country.

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Coeur Shareholders Approve $1.1 Billion Merger with Bolnisi Gold and Palmarejo Silver and Gold, Creating World's Leading Silver Company
Transaction Expected to Close by Year-End

COEUR D'ALENE, Idaho, Dec 07, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that its shareholders have overwhelmingly approved the proposals related to the acquisitions of Bolnisi Gold NL (ASX:BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) at a Special Meeting held this afternoon in Coeur d'Alene, Idaho.
"We are extremely pleased with the outcome of today's vote and the addition to Coeur of the Palmarejo silver and gold project, which is expected to increase company-wide silver production to nearly 30 million ounces by 2009, and at very low costs," said Dennis E. Wheeler, Coeur's Chairman, President and Chief Executive Officer. "The addition of the Palmarejo project to the company's existing asset mix will transform Coeur into a high-growth, low-cost, long-life, and sustainable world-leading silver company with exciting exploration potential. We would like to thank our shareholders for their support and we look forward to delivering the benefits of this transaction."
The final tabulation indicates that more than 88% of the shares voted were cast in support of the proposals on which the company's shareholders were asked to vote. Earlier this week, shareholders for both Bolnisi and Palmarejo voted overwhelmingly in favor of the transaction.
As a result of this transaction, Coeur's Australian-listed CHESS Depositary Interests (CDIs) (ASX:CXC) will be added to Australia 's S&P/ASX 200 indices.
The Palmarejo project is expected to begin production in early 2009 at an annualized rate of approximately 10.4 million ounces of silver and 115,000 ounces of gold per year with cash costs, net of gold bi-product, of an estimated ($0.41) per ounce of silver and an initial mine life of nine years. Exploration continues on the large land package, with current measured and indicated mineral resources of 88.7 million silver ounces and 1.0 million measured and indicated gold ounces and an additional 61.4 million ounces of inferred silver mineral resources and 0.7 million inferred gold ounces.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Mexico, Nevada, and Tanzania.

LONGUEUIL, QUEBEC, Dec 04, 2007 (MARKET WIRE via COMTEX) -- Palmarejo Silver and Gold Corporation ("Palmarejo") (CA:PJO) is pleased to announce the overwhelming approval by Palmarejo shareholders of a plan of arrangement pursuant to which, among other things, Coeur d'Alene Mines Corporation ("Coeur") (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) will acquire all of the outstanding shares of Palmarejo held by shareholders other than Bolnisi and, through its acquisition of Bolnisi Gold NL ("Bolnisi") (ASX: BSG), all of the Palmarejo shares held by Bolnisi, as more particularly described in the Palmarejo Notice and Management Information Circular dated October 31, 2007. At a meeting of Palmarejo shareholders held earlier today, the arrangement was approved by over 99.99% of the votes cast, and 99.99% of the "minority" votes, excluding those votes required to be excluded by applicable securities laws. Approximately 90.2% of the total eligible Palmarejo shares were voted at the meeting. Under the terms of the arrangement, Palmarejo shareholders will receive 2.715 Coeur shares and $0.004 for each Palmarejo share.
"Today's overwhelming vote in favour of this arrangement demonstrates that our shareholders support Palmarejo joining forces with Coeur," said James Crombie, President and CEO of Palmarejo. "The new Coeur, with the addition of Palmarejo's projects, will enjoy an excellent profile in the industry."
On December 4, 2007, Bolnisi shareholders also voted in favour of the resolution to allow the offer by Coeur to acquire all of the shares of Bolnisi by way of a scheme of arrangement to be implemented in accordance with the Merger Implementation Agreement between Bolnisi and Coeur. Under the scheme of arrangement, Bolnisi shareholders will receive 0.682 of a Coeur share and A$0.004 in cash for each Bolnisi share.
Coeur announced on December 3, 2007 that it has adjourned its special meeting of shareholders to vote on the amendment of its charter and the issuance of its shares in connection with its proposed acquisition of Bolnisi and Palmarejo to Friday, December 7, 2007 at 4:00 p.m. (PST). Coeur has received overwhelming support for the proposals related to the acquisition with in excess of 91% of the votes submitted having voted in favour. Proxies are continuing to be received and votes representing an additional 1.7% of the outstanding shares are needed to achieve quorum and enable the matters to be put to a vote at the meeting. The adjournment will allow Coeur to receive the necessary additional proxies.
Palmarejo's application to the Ontario Superior Court of Justice to obtain the final court order approving the arrangement is scheduled for December 5, 2007.
Completion of the transaction remains subject to satisfaction of certain conditions set out in the plan of arrangement and the Merger Implementation Agreement between Palmarejo and Coeur.
About Palmarejo Silver & Gold
Palmarejo Silver And Gold Corporation is a silver/gold exploration company listed on the TSX Venture Exchange under the symbol "PJO". Palmarejo's principal activity is to explore and develop gold and silver properties located in the Temoris District of Chihuahua, Mexico within the Sierra Madre Occidental mountain range. Additional information is available on SEDAR and on the Company's website.

SYDNEY, Australia, Dec 03, 2007 (BUSINESS WIRE) -- Bolnisi Gold NL (Bolnisi) (ASX:BSG) advises that at the Scheme Meeting held today, Bolnisi Shareholders voted in favour of the resolution required to be passed to allow the offer by Coeur d'Alene Mines Corporation (Coeur) (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) to acquire all the shares in Bolnisi (Offer) by way of a scheme of arrangement (Scheme) to be implemented in accordance with the Merger Implementation Agreement entered into between Bolnisi and Coeur.

COEUR D'ALENE, Idaho, Dec 03, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that it has adjourned its Special Meeting of shareholders to vote on the amendment of its charter and the issuance of its shares in connection with its proposed acquisition of Bolnisi Gold NL (ASX: BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) to Friday, December 7, 2007 at 4:00 p.m. local time. Coeur has received overwhelming support for the proposals related to the acquisition with in excess of 91% of the votes submitted having voted in favor. Proxies are continuing to be received and votes representing an additional 1.7% of the outstanding shares are needed to enable the matters to be put to a vote at the meeting. The adjournment will allow Coeur to receive the necessary additional proxies.
The Company noted that three leading proxy advisory firms -- Institutional Shareholder Services, Glass Lewis and PROXY Governance -- recommended that Coeur shareholders vote "FOR" the proposed acquisitions.
The meeting location has not been changed and will take place at The Coeur d'Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d'Alene, Idaho. The record date for shareholders entitled to vote at the meeting remains October 19, 2007.
Shareholders who have questions about the merger or need assistance in submitting their proxy or voting their shares should call toll-free at (800) 901-0068 or (collect) at (212) 269-5550.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

JOHANNESBURG, December 3, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (NYSE, JSE, DIFX: GFI) is pleased to announce the successful completion of the transaction announced on 12 October 2007, whereby Gold Fields has disposed of all its assets in Venezuela to Rusoro Mining Ltd. (Rusoro) (TSXV: RML).
Gold Fields received US$180 million in cash and 140 million newly-issued Rusoro shares, which represent approximately 37% of the outstanding shares of Rusoro.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces per annum, mineral reserves of 94 million ounces and mineral resources of 252 million ounces. The Group employs some 47,000 permanent employees across its operations and is listed on the JSE Limited South Africa (primary listing), the New York Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
http://www.goldfields.co.za
SOURCE Gold Fields Limited

JOHANNESBURG, Dec 07, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), South Africa's second-largest gold producer, Friday said Nerina Bodasing has resigned as senior vice president and head of investor relations to join financial services company Absa Group Ltd. (ASA.JO).
Her resignation is effective Monday, and her responsibilities will be assumed by Willie Jacobsz in addition to his role in North American investor relations and sustainable development, the Johannesburg-based company said.

Company Web site: http://www.goldfields.co.za

Gold Fields Employee Fatally Injured At Kloof Mine

A worker has been killed and another injured following a rock fall at Gold Fields Ltd.'s Kloof mine in South Africa, the company said Thursday.

JOHANNESBURG, Dec 06, 2007 (Dow Jones Commodities News via Comtex) -- (Adds comment from Gold Fields.)
A worker has been killed and another injured following a rock fall at Gold Fields Ltd.'s (GFI) Kloof mine in South Africa, the company said Thursday.
The accident occurred in a stope of the Kloof mine's No. 3 shaft, 2,936 meters below the surface.
Andrew Davidson, a spokesman for Johannesburg-based Gold Fields, the country's second-largest producer of gold, said the shaft and the remainder of the mine continue to operate normally, although there is no mining activity taking place at the stope where the accident took place.
Unions and the country's Department of Minerals and Energy have been informed and a full investigation will be carried out. Davidson said the company is awaiting a site inspection by the state Inspector of Mines.
The fatality, one of more than 200 in South Africa's mines this year, follows just days after a one-day strike by members of the National Union of Mineworkers that was aimed at highlighting safety standards in the industry. The country recorded 199 mining deaths in 2006.
Kloof, near Westonaria southwest of Johannesburg, produced 923,000 ounces of gold and recorded 11 fatalities in the last financial year.
Company Web site: http://www.goldfields.co.za

JOHANNESBURG, Dec 06, 2007 (Dow Jones Commodities News via Comtex) -- A worker has been killed and another injured following a rock fall at Gold Fields Ltd.'s (GFI) Kloof mine in South Africa, the company said Thursday.
The accident occurred in a stope of the Kloof mine's No. 3 shaft, 2,936 meters below the surface.
Johannesburg-based Gold Fields, the country's second-largest producer of gold, said unions and the country's Department of Minerals and Energy have been informed and a full investigation will be carried out.
The fatality, one of more than 200 in South Africa's mines this year, follows a one-day strike by members of the National Union of Mineworkers Tuesday organized to highlight safety standards in the industry.

Company Web site: http://www.goldfields.co.za

JOHANNESBURG, Dec. 4 — South Africa’s crucial mining sector was hit Tuesday by its biggest strike in two decades, as tens of thousands of workers stayed home to protest poor safety conditions that contribute to the high death rate among miners.

The one-day protest affected more than 60 companies mining gold, platinum and coal, according to the National Union of Mineworkers, which represents about 270,000 workers. A spokesman for Gold Fields, the nation’s second biggest gold producer, said about two-thirds of the company’s work force stayed home.

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JOHANNESBURG -- Thousands of South African mine workers downed tools Tuesday in the country's first-ever one-day strike to highlight the high number of fatalities in the industry each year.
[See more photos]
AP
South African miners demonstrated in the streets of Johannesburg Tuesday to highlight the high number of fatalities in the industry each year.

The strike began at midnight and roughly 240,000 workers were expected to take part in the action over a 24-hour period, Lesiba Seshoka, spokesman for the National Union of Mineworkers, told Dow Jones Newswires.

In Johannesburg, 40,000 union members were set to gather and march to the offices of the Chamber of Mines, which represents many of the country's largest gold, platinum, coal and other mining companies, Mr. Seshoka said. Other marches and protest actions are planned throughout the country.

NUM, in a statement ahead of the strike, said it planned to put pressure on South Africa's mining industry -- which produces more gold and platinum than anywhere else in the world and is also a significant producer of other minerals -- and companies it sees having made empty commitments to safety.

"NUM agrees with the Chamber of Mines that it is our collective responsibility to change the status quo, however employers need to take a leadership role and invest in safety in the same manner they invest in production," the union said.

The number of deaths in South African mines so far this year surpassed 200 over the weekend with accidents at operations owned by Anglo Platinum Ltd., Xstrata PLC and Gold Fields Ltd., topping the 199 fatalities recorded in all of 2006.

Chamber officials did not comment on the strike, other than to refer to a joint statement released after a meeting last week with the union at which it was agreed the protest strike would be on a "no work, no pay basis."

JOHANNESBURG (AFP) -- Tens of thousands of mineworkers downed tools in South Africa on Tuesday in a one-day strike over safety standards, accusing their bosses of putting lives at risk for the sake of profits.
In the first stoppage by the National Union of Mineworkers, or NUM, since the end of apartheid, production was affected at mines nationwide with some owners saying that barely 5% of the normal workforce was reporting to duty.
Many of the stayaway workers gathered for rallies organized by the NUM as part of the drive to cut the level of injuries and fatalities in South Africa's mines, where around 200 people die every year.
Many of the protesters in Johannesburg carried banners saying the owners of the country's 700 mines were "dripping in blood" as they pursued profit at the expense of safety.
NUM spokesman Lesiba Seshoka said members of the country's biggest union wanted to see dramatic reductions in the level of fatalities.
"Our safety concerns have not been addressed by our employers over the years. This protest is aimed at achieving this key goal of ensuring safety for all miners in South Africa," he said.
The country's Chamber of Mines has acknowledged that much needs to be done to improve safety but insists there is no complacency within the industry.
Its chief executive Zoli Diliza set out plans in October to reduce fatality rates by at least 20% by 2013, acknowledging South Africa's record fell way short of other mining giants such as Australia, Canada and U.S.

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Gold Fields Ltd. (GFI: GFI) , another of the country's biggest mining firms, reported up to 94% absence at one of its mines.
"We have just got early estimates that just under 70% of our employees at our four South African operations did not report for work today," said spokesman Andrew Davidson.
"The largest stayaway is at our Kloof mine where up to 94% of the employees did not report for the morning shift. Obviously this will affect our production."
Union chiefs have said strike action could be intensified if employers do not make significant inroads into the levels of mining fatalities.
Concerns over safety reached a new peak in early October when some 3,200 miners were stuck underground in a gold mine southwest of Johannesburg for more than 24 hours after a lift cable snapped.
The incident led President Thabo Mbeki to order a security audit of the mines in the country.
Mining, which generated 195 billion rand ($28.5 billion) in local sales last year, is the largest foreign exchange earner for South Africa and brought in a total of 355 billion rand from exports.

DENVER, Dec 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD: RGLD) , the leading precious metals royalty company, today announced that Goldcorp Inc. ("Goldcorp"), the operator of the Penasquito project located in Zacatecas, Mexico, has approved plans to expand mill throughput by 30% to 143,000 tons (130,000 tonnes) of ore and to accelerate the construction schedule at the project. According to Goldcorp, the expanded operation is now expected to produce an average of 1.7 million gold equivalent ounces per year, compared to a previous estimate of 1.3 million gold equivalent ounces per year.(1) Royal Gold holds a 2.0% net smelter return royalty on all metals at the Penasquito project.
Goldcorp estimates the average annual life-of-mine production to be 400,000 ounces of gold, 31 million ounces of silver, 417 million pounds of zinc and 214 million pounds of lead. Goldcorp's June 2006 feasibility study had previously estimated annual production levels of 388,000 ounces of gold, 23 million ounces of silver, 302 million pounds of zinc, and 157 million pounds of lead.
"Since the acquisition of our royalty interest at the Penasquito project one year ago, reserves have increased 48%(2), the planned annual production has increased 30%, and the mine life has been extended to 19 years," commented Tony Jensen, President and Chief Executive Officer. "This is exactly the type of project upside we target for acquisitions. These operational improvements will increase and accelerate our royalty revenues and significantly enhance our return on this investment."
Goldcorp also reported that the project remains on schedule and is expected to produce gold from heap leaching of oxides in 2008 with mill start-up in 2009. In addition, Goldcorp reports exploration drilling, metallurgical evaluations and optimization efforts are continuing to provide further project enhancements. As a royalty owner, Royal Gold is not required to contribute to any capital, development, exploration or mine operation costs for the project.
Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metal royalty interests. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol "RGLD," and on the Toronto Stock Exchange under the symbol "RGL." The Company's web page is located at http://www.royalgold.com.

(1) Current gold equivalent ounces calculated using metal values of
$650/oz gold, $12/oz silver, $0.50/lb lead, and $0.90/lb zinc.

(2) Based on gross metal value using $650/oz gold, $12/oz silver, $0.50/lb
lead, and $0.90/lb zinc versus $450/oz gold, $7/oz silver, $0.30/lb
lead, and $0.60/lb zinc used in the June 2006 feasibility study.

Adventure Gold Signs a Letter of Intent to Acquire the Past Producing Lucien Beliveau Mine - Near the Producing Beaufor Gold Mine in the Val D'Or Region of Quebec

MONTREAL, QUEBEC, Dec 06, 2007 (MARKET WIRE via COMTEX) -- Adventure Gold Inc. (CA:AGE) (the "Company"), a junior mining exploration company with strategic properties in the Val d'Or region of Quebec, announces the signing of a Letter of Intent (LOI) with IAMGOLD Corp. (TSX:IMG and NYSE:IAG) (IAMGOLD), for the acquisition of 100% of IAMGOLD's rights, titles and interests in the Pascalis - Colombiere gold property (the "Property") located 25 kilometers north-east of Val d'Or, Quebec. This property is historically known as the Lucien Beliveau Mine (New Pascalis gold deposit) and was mined from 1989 to 1993, where a total of 1.8 million tonnes of ore was extracted at a grade of 3.2 g/t Au (total of 167,000 Au oz). This property is strategically adjacent to Adventure Gold's 100%-owned Beaufor North property.