Beiträge von GSP-Komet

Mayor of Juneau Announces Progress in Discussions between Coeur d'Alene Mines Corporation (Coeur Alaska) and Environmental Groups on Kensington Tailings Plan

COEUR D'ALENE, Idaho, Nov 16, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) reported that Bruce Botelho, Mayor of Juneau, Alaska, has announced that the Southeast Alaska Conservation Council, Lynn Canal Conservation, the Juneau Group of the Sierra Club, and Coeur Alaska all stated they will ask the U.S. Forest Service to examine the use of an alternative site using paste technology for disposal of mine tailings at Coeur's Kensington Gold Mine.

Cour D' Alene Mines (CDE): 'No, c'mon man. I've got Humana (HUM) on sale, unbelievable. Why do you want to go down there?'

TORONTO, ONTARIO, Nov 14, 2007 (MARKET WIRE via COMTEX) -- Crystallex International Corporation (CA:KRY) (KRY: Crystallex International Corporation) today reported unaudited financial results for the quarter ended September 30, 2007.

So much potential, so little to show for it. Crystallex International Corp. (KRY) met all the requirements months ago for an environmental permit to develop the Las Cristinas gold deposit in Venezuela. But with no permit in sight from president Hugo Chavez's government, the stock has sunk below $3.00 a share despite a fantastic run for gold prices.
Crystallex investors got more bad news from the recent technical report, in which the company announced its capital cost for the project is now $356-million, 22% higher than its last estimate. Forecast operating costs have increased 28% to US$9.80 a tonne. The company is also dealing with water inflow and higher amounts of mined waste.
Wellington West Capital Markets analyst Catherine Gignac has cut her price target on the company's Toronto-traded on the stock in half, from $10.00 a share to $5.00. But, she is maintaining a "strong buy" rating because of the logical reasons: high gold prices, a lack of new development projects, and the industry's need for growth and acquisition.
She currently estimates net present value for Crystallex to be $4.71 a share, and applies a discount rate of 3%. She does not include any premium for growth or management, as she does not believe they are justified.
The only thing on anyone's mind right now is the permit.
"The Environmental Impact Statement was approved, a reclamation-related bond (Compliance Guarantee Bond) was posted and taxes were paid related to the permit. Five months later, no permit has been issued yet," she wrote in a note to clients.
So where is it?

Nov 14, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Crystallex International Corp. (KRY) posted a larger loss and lower revenue in the third quarter, as production fell by nearly 50%.
The Toronto mining company said it had a loss of $9.3 million or 4 cents a share, compared with last year's loss of $8.8 million or 4 cents.
Revenue of $2.2 million was down from $9.8 million.
The company said production fell to 6,688 ounces of gold from 12,040 ounces, and sales fell to 6,430 ounces from 15,661 ounces.
Because of the company's selling arrangement to the Central Bank of Venezuela, the average realized price was just $340 an ounce in the latest quarter, down from $624 a year earlier. This decline reflects the widening spread between the official and "parallel" spreads for the Bolivar and the U.S. dollar.

MONTREAL, QUEBEC, Nov 15, 2007 (MARKET WIRE via COMTEX) -- Matamec Explorations Inc. ("Matamec") (CA:MAT) is pleased to announce that Superior Diamonds Inc. ("Superior") recently announced the discovery of several kimberlite boulders on the L'Esperance property, of which 10,283 of 13,399 hectares is optioned from Matamec and IAMGOLD Corporation. Superior also plans a third drilling campaign during the first half of 2008 (see Superior's press release as of November 13th, 2007).
These boulders are large and angular, weighing between 70 and 360 kilograms, indicating proximity to source. The boulders are scattered over a distance of approximately 650 metres in an area where kimberlite indicator minerals with geochemistry usually indicative of potentially diamondiferous kimberlite were recovered from overburden.
A representative sample of these blocks was submitted to Overburden Drilling Management Limited (ODM) which described the material as being hypabyssal kimberlite. By their size and their angular shape, these blocks probably originate directly on top or less than a few hundreds metres down-ice from the source.
The geological data in this press release was prepared by Aline Leclerc, geologist, Matamec's Vice-President Exploration and a Qualified Person as defined by NI 43-101.
Matamec also announces that exploration work is in progress on the Montclerg, Tansim, Vulcain and Zeus properties. The results of these activities will be announced as soon as they are available.
Furthermore, Matamec is pleased to announce the exercise of 1,000,000 warrants expiring on December 9th, 2007, for net proceeds of $130,000 which will be used for working capital purposes.

TORONTO, ONTARIO, Nov 15, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company")(TSX: IMG) (IAG: iamgold corp com) (BOTSWANA: IAMGOLD) announces that it has reached an agreement with the Government of Ecuador in which the Government recognizes that IAMGOLD has adhered to and met all of its legal, social and environmental obligations thus far at the Company's Quimsacocha project in Ecuador and will therefore get full support from the Government for the project going forward. As part of the agreement and as a show of environmental commitment, the Company has agreed to relinquish a portion of its concession to ensure the safety of the water supply to the surrounding areas. This land package is approximately 3,000 hectares, 23% of IAMGOLD's total 12,967 hectare holding and contains no resources, no mineralization or exploration targets. (See figure 1). It will have no impact on the development of the Quimsacocha project.
"Giving back the small portion of our concessions was done to send a clear message - IAMGOLD is committed to preserve and protect the environment. The land in question surrounds a water shed, some small lakes and a wetland. It was the right thing to do," stated Joseph Conway, President and CEO. "The land contains no prospects and will in no way affect the eventual operation there. Now we can move ahead and help to formulate a mining code that will be beneficial for all stakeholders. We look forward to working closely with the Government and appreciate their support of Quimsacocha."
The Quimsacocha project is located in the Azuay Province, 35 kilometres southwest of Cuenca in southern Ecuador. This development project contains an indicated resource of 32.6 million tonnes with 3.2 g/t gold, representing 3.35 million ounces of gold. There are currently two drill rigs on site drilling at Loma Tasqui, southwest of the known resource. It is expected that 8,000 metres will be drilled on Loma Tasqui and Rio Falso Sur as part of the $2.7 million second half 2007 exploration program. Work also continues on the prefeasibility study which will be completed in the first quarter of 2008.
To view a map of the Quimsacocha project, please click on the link below:
http://www.ccnmatthews.com/docs/iam1115.jpg
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com

TORONTO, ONTARIO, Nov 13, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation (CA:IMG) (IAG: iamgold corp com) (BOTSWANA: IAMGOLD) -
All amounts are expressed in US dollars, unless otherwise indicated.
THIRD QUARTER HIGHLIGHTS:
- Revenue was $170.2 million and net earnings were $19.5 million, a year over year increase of 159% and 45%, respectively, incorporating the contributions of an acquisition in the fourth quarter last year.
- Revenue increased 2% and net earnings, on an adjusted basis(1), increased 58% versus the previous quarter.
- Record operating cash flow at $29.8 million; a 66% increase over the third quarter of 2006 and a 112% increase over the second quarter of 2007.
- Attributable gold production was 242,000 ounces as expected.
- Gold Institute (GI) cash costs(2) of production was $437 per ounce.
- Cash, short-term deposits and gold bullion position as at September 30, 2007 was $222.9 million valuing gold bullion at market, compared to $189.5 million as at June 30, 2007.
- Agreement reached to sell the Sleeping Giant mine after completion of mining.
- A strategic decision was taken to divest of La Arena.

TORONTO, ONTARIO, Nov 13, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (CA:IMG) (IAG: iamgold corp com) (BOTSWANA: IAMGOLD) announces that the final decision from the French authorities regarding the Camp Caiman permits was expected on November 18th, 2007, upon the completion of the national forum on the environment (Grenelle de l'Environnement). That series of workshops and committee sessions throughout France was concluded at the end of October. The Company has been advised that before the Camp Caiman permits can be delivered, a delegation, representing environmental, labour, governmental and commercial interests will conduct a final visit to French Guiana to ensure that our Camp Caiman project continues to meet or exceed the current standards for responsible mining practices. This delegation should complete its mission shortly.
In the meantime, we continue to receive full cooperation and support for our project from the relevant authorities. At this time, although the delivery of the final permits may extend somewhat beyond the end of November, we do not anticipate a delay that would have a material impact on our construction plans or the economics of the Camp Caiman project.
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com

TORONTO, ONTARIO, Nov 12, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (CA:IMG) (IAG: iamgold corp com) (BOTSWANA: IAMGOLD) is pleased to announce the appointment of Mr. Gordon Stothart as Chief Operating Officer. Mr. Stothart joins the Company from an operations leadership position for one of the largest global metals producers and brings over 20 years of industry experience. He was responsible for technical management and development of five copper projects in South America including the large scale Antamina and Collahuasi mines. Prior to this role, Mr. Stothart served as the general manager and operations manager at three mines including Lomas Bayas, Antamina and Brunswick. He also spent several years as a manager within the Business Development group for a multinational metals producer and provided technical analysis for acquisition opportunities globally.
"I am pleased to welcome Gordon to IAMGOLD. His depth of experience will compliment our existing management team and his skill set is a great fit to enhance our ongoing and future operations," stated Joseph Conway, President & CEO. "Establishing a COO position within our management structure will bring greater oversight, guidance and focus to our operations which will have a positive impact on the quality of our production and our growth as a global operator."
Mr. Stothart in his role as the Chief Operating Officer will be responsible for all IAMGOLD operations and joint venture interests. He will work closely with the entire senior management team to achieve IAMGOLD corporate objectives of improving operations and ensuring continued growth. Mr. Stothart will join IAMGOLD in early December.
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com

DENVER, Nov 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD: Royal Gold Inc) (CA:RGL) , the leading publicly-traded precious metals royalty company, today announced that its Board of Directors increased the Company's annual dividend for its shares of common stock from $0.26 to $0.28, payable on a quarterly basis of $0.07 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000.
The Board also declared the dividend of $0.07 per share will be payable on January 18, 2008, to shareholders of record at the close of business on January 4, 2008.
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.
SOURCE Royal Gold, Inc.

http://www.royalgold.com/

Royal Gold board hikes annual dividend to 28c - MarketWatch

GOLDEN, Colo., Nov 08, 2007 /PRNewswire-FirstCall via COMTEX/ -- Canyon Resources Corporation (CAU: canyon resources corp com new) , a Colorado-based mining company, is pleased to provide a summary of the unaudited results for the Company's third quarter ended September 30, 2007.

...

Canyon Resources 3Q Loss/Shr 2c Vs Loss 3c >CAU

NEW YORK, Nov 05, 2007 /PRNewswire via COMTEX/ -- MZ Consult NY LLC ( http://www.mz-ir.com), a leading investor relations and financial communications firm, jointly with Investor Relations Global Rankings' sponsors KPMG Independent Auditors, Arnold & Porter, Bloomberg and PR Newswire, invites you to participate in a conference call today, November 5, at 9:00 am US ET to discuss the news and procedures of the 10th annual edition of IR Global Rankings.

Conference Call - November 5, 2007 - Monday
9:00 am US ET
Dial In: +1 (973) 935-8893, Conference ID #: 9425833
Slide show presentation and the audio will be broadcast live over the
Internet, available at http://www.irglobalrankings.com

Registration period was opened on November 1, 2007, and there are already several companies participating in the 10th edition of IRGR. To register, please visit the website http://www.irglobalrankings.com, or type IRGR <GO> on your Bloomberg terminal. Please check the 2007 global winners and ad on page 135 on the current issue of Bloomberg Markets Magazine.
TOP 5 REASONS TO SIGN UP FOR 2008 IRGR
1) Unique Ranking System: Based on extensive proprietary research of public companies and investors, and supported by the input of audit and legal experts. It's a global review to position your investor relations and financial communications effort among best practices within the capital markets;
2) High Transparency: Evaluation criteria are widely publicized in the IRGR website and all results are evaluated by a technical committee comprised of independent professionals. IRGR analysts will make a thorough analysis and independent committee will review them entirely;
3) Individual Feedback: Registrants receive suggestions in an individual report, based on technical evaluation and investors' opinion. "NEW" - investor's opinion will be accessed through the Bloomberg terminals, which will further enhance the whole process. Such report is later discussed in a call between each participant and the IRGR staff.
4) Solid Benchmarking: Know the best IR programs in the world and how you can improve your practices, and understand how you are positioned in relation to regional and industry peers. Participants may choose not to disclose they are participating, so the name and ranking positioning is kept confidential.
5) Great Recognition: Winners will be recognized in Award Ceremonies around the world. Their names and rankings will be available on all Bloomberg terminals (IRGR <GO>) and they will be widely publicized though our partnership with PR Newswire -- the largest news distributor in the world. Best cases will be highlighted in the 2008 IR Global rankings magazine that is freely distributed in the capital markets community.
Winners of 2007 IR Global Rankings include:

...

Harmony Gold (HMY: harmony gold mng ltd sponsored adr)

To learn more about 2008 IRGR or to download the 2007 IRGR magazine with winners and best practices, please visit http://www.irglobalrankings.com or type IRGR <GO> on your Bloomberg Terminal
For further information, please contact: Amanda Munhoz, Email: irgr@mz-ir.com, phone: +1 (212) 813-2975
About the IR Global Rankings: Solid communication with the investment community has become a key priority for investor relations and corporate governance professionals in recent years, driven by a strong belief that stock prices and risk perception can be managed, Fair Disclosure and other new regulations, in addition to the need for corporate transparency to earn and maintain investor confidence. The IR Global Rankings and Awards annual survey is the most comprehensive auditing and ranking system for IR websites, Corporate Governance and Earnings Release & Disclosure Process. Based on extensive proprietary research of public companies and investors, supported by the input of audit, corporate governance, and legal experts (KPMG Independent Auditors, Arnold & Porter), MZ's methodology is highly detailed, transparent, and completely accessible to all participants. The IR Global Rankings and Awards annual survey has continuously grown since its inception in 1999 ( http://www.irglobalrankings.com).
SOURCE MZ Consult NY LLC

JOHANNESBURG, Nov 08, 2007 (Dow Jones Commodities News via Comtex) -- (Adds details.)
Harmony Gold Mining Co. (HMY), which has been reviewing its portfolio of mining assets, Thursday said it will sell its Mount Magnet operations in Australia for $65 million Australian dollars ($60.2 million) to junior miner Monarch Gold Mining Co. (MON.AU).
Johannesburg-based Harmony, Africa's third-largest gold producer, said Mount Magnet includes the Hill 50, Great Fingall, St George, Star and Big Bell mines.
The asset comprises a resource inventory of 2.7 million ounces of gold, tenements covering about 62,000 hectares and 166 exploration license blocks, it said.
"The sale of Mount Magnet forms part of our 2007 rationalization strategy which considered the Western Australian assets as being non-core to this strategy," Acting Chief Executive Graham Briggs said.
"Mount Magnet is the last of those operations to be sold. It is our intention, going forward, to focus on developing and operating our larger, long-life mines," he said.
Harmony said the purchase price will be settled with A$30 million in cash, A$20 million in Monarch shares and the remainder in a three-year convertible note.
Harmony late last month said it was looking to partner on all its assets in Papua New Guinea, keeping a 50% equity interest. The company has already agreed the sale of its South Kal operation in Western Australia and has said it hopes to finalize the deal in early November.

JOHANNESBURG, Nov 08, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY), Africa's third-largest producer of the precious metal, Thursday said it has sold its Mt Magnet operations to Australian junior miner Monarch Gold Mining Co. (MON.AU) for A$65 million.
The assets include the Hill 50, Great Fingall, St George, Star and Big Bell mines, which together comprise a resource inventory of 2.7 million ounces of gold, tenements covering approximately 62,000 hectares, and 166 exploration license blocks.

- Palladium production, compared to Q3 2006, increased 16% to 69,283 ounces.

TORONTO, ONTARIO, Nov 06, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. (CA:PDL: news, chart, profile) (PAL: north amern palladium ltd com) , today announced financial results for Q3 2007. As previously reported, palladium production volumes in Q3 2007 increased to 69,283 ounces representing an improvement of 16% versus the same period last year.
Palladium sales in Q3 2007 were recorded at US $344 per ounce, up 10%, compared to US $313 per ounce in Q3 2006.
Revenue before pricing adjustments for the third quarter of 2007 increased $4.0 million compared to third quarter 2006, reflecting higher volumes and improved commodity pricing of $8.1 million, partially offset by the lower exchange rate of $4.1 million due to continued strengthening of the Canadian dollar. This increase was, however, more than offset by a $6.4 million negative foreign exchange pricing adjustment, arising from the mark-to-market of concentrate awaiting settlement. Revenue after pricing adjustments for the third quarter of 2007 of $36.5 million decreased by $4.9 million (12%) compared to 2006.
For the nine months ended September 30, 2007, revenue after adjustments increased to $149.4 million from $108.4 million reflecting higher volumes and commodity prices of $69.8 million, partially offset by a negative foreign exchange variance of $20.1 million (includes $14.0 million mark-to-market pricing adjustment).
Cash cost per ounce(1) of palladium produced, net of by-product metal revenues and royalties, was $224 (US $225) per ounce for Q3 2007 versus $239 (US $215) per ounce for Q3 2006.
The Company recognized a loss from mining operations of $14.9 million in the third quarter of 2007 compared to a loss of $6.0 million in the same period last year. The loss is due to lower revenue of $4.9 million, which includes negative foreign exchange adjustments of $10.5 million, and increased operating costs of $3.9 million. The increased operating costs are due primarily to increased amortization reflecting the 16% increase in palladium production as well as the adjustment in the mine plan that was effective from the fourth quarter of 2006 and that resulted in an increase in the unit of production amortization rate.
The net loss for Q3 2007 was $14.0 million or $0.25 cents per share compared to a loss of $11.2 million or $0.21 cents per share in the same period last year. For the nine months ended September 30, 2007, the Company's net loss decreased versus the prior year and was $17.6 million or $0.32 cents per share compared to a net loss of $26.7 million or $0.51 cents per share in the comparable period last year.
Operating cash flow(1) (before changes in non-cash working capital) for the quarter improved by $1.4 million to $4.1 million compared to an operating cash flow of $2.7 million in 2006.
The Company's debt position was reduced to $52.6 million at September 30, 2007 compared to $74.9 million at December 31, 2006.
Mr. Jim Excell, President and CEO of North American Palladium commented, "The third quarter production results reflect continued improvements in our Lac des Iles mine operations and year-to-date palladium production is up 31% over last year. Operating cash flow for the quarter improved and our debt levels are down by 30% so far this year, however, the financial results do not reflect this due to the impact of the continued strengthening of the Canadian dollar."
Further information about the third quarter results are available in the Company's financial statements and MD&A, which will be filed on its website, with Canadian provincial securities authorities ( http://www.sedar.com) and with the U.S. Securities and Exchange Commission ( http://www.sec.gov).
Outlook
The Company revised fiscal year 2007 guidance in its October 18, 2007 third quarter production results release to approximately 285,000 ounces of palladium which, if achieved, will be a 20% increase over the previous year. In 2008, the Company will continue to focus on the development of its project pipeline. Project managers have been appointed for the Shebandowan West, Offset High Grade Zone and Arctic Platinum projects. The Company has retained Aker Kvaerner to prepare a definitive feasibility study for the Suhanko project which forms part of the Arctic Platinum project.
Conference Call
The Company will host its third quarter conference call at 4:30 p.m. ET on Tuesday, November 6, 2007. The toll-free conference call dial-in number is 1-866-542-4237 and the local and overseas dial-in number is 416-641-6126. The conference call will be simultaneously webcast and archived at http://www.napalladium.com in the Investor Centre under Conference Calls. A replay of the conference call will be available until November 13, 2007; toll-free at 1-800-408-3053, locally and overseas at 416-695-5800, access code #3240996.

TORONTO, ONTARIO, Nov 05, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. ("NAP")(TSX: PDL) (PAL: north amern palladium ltd com) is pleased to announce that the Company will release its third quarter financial results Tuesday November 6th before market open. A conference call to discuss the results will be held on Tuesday November 6th, 2007 at 4:30 p.m. ET, presided by Mr. Jim Excell, President and Chief Executive Officer. A question and answer period will immediately follow.
To participate in the conference call, please dial one of the following numbers at least five minutes prior to the scheduled time:

Conference Call: Tuesday November 6th 4:30 p.m. ET
--------------------------------------------------
Local Toronto /Overseas: (416) 641-6126
Toll free North America: 1-866-542-4237
To access a replay of the conference call until November 13, 2007:
Local Toronto/Overseas: (416) 695-5800
Toll-free: 1-800-408-3053, access code 3240996

North America Palladium will also host a live audio webcast. The webcast will be available via http://www.napalladium.com or http://www.vcall.com/IC/CEPage.asp?ID=122789. Thereafter access will be available from the Company's website at http://www.napalladium.com, Investor Centre page, under Conference Calls.
North American Palladium is Canada's foremost primary producer of palladium. The Company's core palladium business at the Lac des Iles mine is strengthened by a significant contribution from nickel, platinum, gold and copper by-product metals. The Company continues to pursue three development projects: the Offset High Grade Zone at its Lac des Iles mine, the Shebandowan Project, located approximately 100 kilometers from the mine, and the Arctic Platinum Project in Finland.
Please visit http://www.napalladium.com for further information on North American Palladium.

Contacts:
North American Palladium Ltd.
Jim Excell
President and Chief Executive Officer
(416) 360-7971 Ext. 223
Email: jexcell@napalladium.com

North American Palladium Ltd.
Linda Armstrong
Director, Investor Relations
(416) 360-7971, Ext 226
Email: larmstrong@napalladium.com
Website: http://www.napalladium.com

SOURCE: North American Palladium Ltd.

mailto:jexcell@napalladium.com
mailto:larmstrong@napalladium.com
http://www.napalladium.com

DENVER, Nov 09, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (TSX & Amex: VGZ) announced today its financial results for the three and nine months ended September 30, 2007, as filed on November 9, 2007, with the US Securities and Exchange Commission and with the relevant securities commissions in Canada in the Corporation's Quarterly Report on Form 10-Q. Vista reported a consolidated net loss for the three-month period ended September 30, 2007 of US$2.2 million or US$0.07 per share compared to a consolidated net loss of US$1.4 million or US$0.05 per share for the same period in 2006. The Corporation's consolidated net loss for the nine-month period ended September 30, 2007 was US$6.2 million or US$0.19 per share compared to a consolidated net loss of US$3.4 million or US$0.14 per share for the same period in 2006. For both the three and nine-month periods, the increases in the consolidated losses of US$0.8 million and US$2.8 million from the respective prior periods are primarily the result of costs related to the completion on May 10, 2007, of the Arrangement involving the Corporation, Allied Nevada Gold Corp. and Carl and Janet Pescio. The transaction resulted in the acquisition by Allied Nevada of the Corporation's Nevada properties and the Nevada mineral assets of Carl and Janet Pescio. These costs amounted to US$0.5 million and US$2.9 million for the respective periods.