Beiträge von GSP-Komet

Pacific North West Capital/Stillwater Mining Update on Alaskan Exploration Programs
TSX: PFN OTCBB: PAWEF Frankfurt: P7J

VANCOUVER, Aug 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- Pacific North West Capital (PFN) (CA:PFN) (PAWE.F: pacific north west cap corp com) is pleased to announce that the Summer and Fall 2007 exploration program in Alaska is proceeding on schedule. PFN and Stillwater Mining Company (Stillwater) are currently engaged in two distinct platinum group metal (PGM) projects in Alaska; the first involves our exploration program on the Goodnews Bay Platinum Project (GBPP). A second agreement with Stillwater (the Reconnaissance Agreement) is exploring a number of prospective platinum targets.

Yamana Increases Offer for Meridian Gold; Northern Orion Continues to Recommend the Business Combination With Yamana

VANCOUVER, BRITISH COLUMBIA, Aug 14, 2007 (MARKET WIRE via COMTEX) -- Northern Orion Resources Inc. (CA:NNO) (NTO: northern orion res inc com) -
Yamana Gold Inc. ("Yamana") announced today that it has provided a final offer to acquire all of the outstanding common shares of Meridian Gold Inc. ("Meridian"), waived the due diligence condition and extended the offer deadline to September 7, 2007.
Yamana has increased the cash component of the offer by C$0.85 per share to a total of C$4.00 per share. Meridian shareholders will now be entitled to receive 2.235 Yamana common shares plus C$4.00 in cash for each Meridian common share tendered and taken up by Yamana. The cash portion of the consideration will now be funded from a new $400 million acquisition five-year credit facility secured specifically for the purposes of this offer. Yamana does not intend to rely on the funds previously made available from Northern Orion to fund the cash portion of its offer.

TORONTO, ONTARIO, Aug 14, 2007 (MARKET WIRE via COMTEX) -- YAMANA GOLD INC. (CA:YRI) (AUY: yamana gold inc com) (UK:YAU) today announced that it has increased the cash component of its offer to acquire all of the outstanding common shares of Meridian Gold Inc., waived the due diligence access condition and extended the offer deadline to September 7, 2007....

Yamana Boosts Cash Portion In Hostile Bid for Meridian

Yamana Gold Inc. boosted the cash portion of its hostile-takeover bid for Meridian Gold Inc. by 27%, two weeks after Meridian rejected the prior 3.35 billion Canadian dollar (US$3.18 billion) offer.

The company is now offering C$4 and 2.235 Yamana shares per Meridian share. That values each Meridian share at US$28.34, a 3.3% premium to Monday's closing price and 26% above Meridian's price when Yamana first proposed a three-way merger with Northern Orion Resources Inc. in June.

Toronto-based Yamana said the cash portion of the bid now will be solely funded by a US$400 million, five-year credit facility. The company ...

LONDON (MarketWatch) -- Yamana Gold (AUY: yamana gold inc com) said it's increased the cash component of its offer for Meridian Gold (MDG: Meridian Gold Inc) and wavied the due diligence access condition. It's upping the cash component by 85 Canadian cents a share to C$4 a share, up 27% from a previous offer. Meridian Gold holders are being offered 2.235 Yamana share and C$4 in cash for each share.

Apollo Gold Announces Second Quarter 2007 Results With Improved Production and Profits

DENVER, Aug 15, 2007 (BUSINESS WIRE) -- Apollo Gold Corporation ("Apollo" or the "Company") (CA:APG) (AGT: apollo gold corp com) is pleased to announce its operating results for the second quarter of 2007. Apollo recorded a net income of $2.4 million, or $0.02 per share, for the three months ended June 30, 2007, as compared to a net loss of $2.6 million, or $0.02 per share, for the three months ended June 30, 2006. The net loss for the six months ended June 30, 2007 was $2.2 million, or $0.02 per share, compared to a net loss of $6.8 million, or $0.06 per share, for the same period in 2006. Unless otherwise indicated, all dollar amounts are reported in US currency.
R. David Russell, President and CEO of Apollo, said, "I am very pleased with the quarterly results and the fact that we recorded our first ever income in a quarter, which is another significant milestone indicating the progress that Apollo Gold has made during 2007. The Montana Tunnels mine continues to perform well leading Apollo to record both profit in the quarter and positive cash flow from operating activities. I expect further improvement from the mine during the second half of 2007."

WallSt.Net (http://www.wallst.net) Updates the Investment Community Through All-New Interviews with AGT, KMT and SSRI

NEW YORK, Aug 15, 2007 /PRNewswire via COMTEX/ -- On August 14, David Russell, CEO of Apollo Gold Corp. (AGT: apollo gold corp com) (CA:APG)
(http://www.apollogold.com) updated the investment community in an all-new interview with http://www.wallst.net. Interview highlights include detailed discussions on the following topics:

-- recent results from the company's Black Fox project
-- reasons the "market should be paying attention to" the company's recent
results
-- reasons management believes the company's stock is undervalued
-- why the company's second quarter is a "turnaround quarter" for the
company
-- upcoming development milestones for investors to watch for

To hear the interview in its entirety, and to read an in-depth report on the company, visit http://www.wallst.net/supersto…ks_profile.asp?ticker=agt
Join this executive's financial social network at http://www.mywallst.net/AGT-David-Russell

DENVER, Aug 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Apollo Gold Corporation ("Apollo" or the "Company") (CA:APG) (AGT:apollo gold corp com) announced today that it has filed a Canadian National Instrument 43-101 ("NI 43-101") pre-feasibility study on SEDAR ( http://www.sedar.com) regarding the mineral resources and reserves at the Black Fox Project ("Black Fox") located near Timmins, Ontario, Canada. This news release should be read in conjunction with the release issued on July 2, 2007. This mineral resource and reserve estimate was prepared by SRK Consulting Inc., Denver, Colorado. SRK has confirmed that the resource and reserve study complies in all respects with NI 43-101 guidelines. Table 1 below summarizes the Black Fox Indicated Resources: (All US$)
The minable reserve was calculated based on a gold price of US$525/oz of gold which is the trailing three year average gold price. The average total cash cost per ounce of gold was calculated at $236 per ounce.

DENVER, Aug 14, 2007 (BUSINESS WIRE) -- Apollo Gold Corporation ("Apollo" or the "Company") (CA:APG) (AGT: apollo gold corp com) announced today that it has filed a Canadian National Instrument 43-101 ("NI 43-101") pre-feasibility study on SEDAR ( http://www.sedar.com) regarding the mineral resources and reserves at the Black Fox Project ("Black Fox") located near Timmins, Ontario, Canada. This news release should be read in conjunction with the release issued on July 2, 2007. This mineral resource and reserve estimate was prepared by SRK Consulting Inc., Denver, Colorado. SRK has confirmed that the resource and reserve study complies in all respects with NI 43-101 guidelines. Table 1 below summarizes the Black Fox Indicated Resources: (All US$)
The minable reserve was calculated based on a gold price of US$525/oz of gold which is the trailing three year average gold price. The average total cash cost per ounce of gold was calculated at $236 per ounce.

Report on Yamana Gold Inc., Breakwater Resources Ltd., Kinross Gold Corp, and Equinox Minerals Ltd.

GRANDE BAY, U.S.A., Aug 17, 2007 (MARKET WIRE via COMTEX) -- Making a Comeback? Maybach Financial Group
Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total investing experience. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the resource sector, we are focusing on YAMANA GOLD INC (CA:YRI) , BREAKWATER RESOURCES LTD (CA:BWR) , KINROSS GOLD CORP (CA:K) , and EQUINOX MINERALS LTD (CA:EQN).

Connecting the Dots With GOLDEN STAR RESOURCES, CRYSTALLEX INTERNAT CORP, NORTHGATE MINERALS CORP, and ALBERTA STAR DEVELOPMENT

GRANDE BAY, U.S.A., Aug 17, 2007 (MARKET WIRE via COMTEX) -- Combating the Drops in a Dropping Market Maybach Financial Group
Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total investing experience. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the resource sector, we are focusing on GOLDEN STAR RESOURCES (GSS: Golden Star Resources, Ltd.), CRYSTALLEX INTERNAT CORP (KRY:
Crystallex International Corporation), NORTHGATE MINERALS CORP (NXG:
Northgate Exploration Limited), and ALBERTA STAR DEVELOPMENT (ASXS.F:
alberta star dev corp com).

TORONTO, ONTARIO, Aug 17, 2007 (MARKET WIRE via COMTEX) -- Barrick Gold Corporation (CA:ABXe) (ABX: Barrick Gold Corporation) announced today that it completed its acquisition of an additional 20 per cent interest in the Porgera mine in Papua New Guinea from Emperor Mines Limited (ASX: EMP) for consideration of US$250 million in cash plus an adjustment amount. The transaction was previously announced on April 12, 2007 when the parties entered into a definitive purchase and sale agreement. Barrick's interest in Porgera has increased to 95 per cent from 75 per cent. Barrick is entitled to the production and economic benefit of the additional 20 per cent interest in Porgera from the effective date of April 1, 2007.
Porgera produced approximately 542,000 ounces in 2006 and has proven and probable reserves of 9.42 million ounces(1) (100 per cent basis). Barrick acquired its original 75 per cent interest in Porgera through its acquisition of Placer Dome in January 2006.
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
(1) Proven reserves contain 61.3 million tons of ore at 0.102 oz/ton for 6.27 million ounces. Probable reserves contain 23.9 million tons of ore at 0.132 oz/ton for 3.15 million ounces. Mineral reserves have been calculated as at December 31, 2006 in accordance with National Instrument 43-101, as required by Canadian securities regulatory authorities. Calculations have been prepared by employees of Barrick under the supervision of Jacques McMullen, Vice President, Metallurgy and Process Development, Rick Allan, Director - Engineering and Mining Support, and Rick Sims, Manager Corporate Reserves of Barrick. For a more detailed description of the methods used in calculating Barrick's reserves and resources, see Barrick's most recent Form 40-F/Annual Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

TORONTO, ONTARIO, Aug 16, 2007 (MARKET WIRE via COMTEX) -- Barrick Gold Corporation (CA:ABX: news, chart, profile) (ABX: Barrick Gold Corporation) advised today that its exposure to the Canadian Asset- Backed Commercial Paper Market is limited to an investment of US$65 million. This amount represents less than 3 per cent of Barrick's total cash position of about US$2.6 billion. The commercial paper investment is currently rated R-1 high by Dominion Bond Rating Service Limited.
The remainder of Barrick's cash position is invested in highly rated liquid instruments with a broad range of large financial institutions.
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Aug 16, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Barrick Gold Corp. (ABX) said Thursday its exposure to the Canadian asset-backed commercial paper market is limited to an investment of $65 million, which represents less than 3% of its total cash position of about $2.6 billion.

SAN FRANCISCO (MarketWatch) -- Barrick Gold Corp. (ABX: Barrick Gold Corporation) said Thursday its exposure to the Canadian asset-backed commercial paper market is limited to an investment of $65 million, which represents less than 3% of its total cash position of about $2.6 billion.

Barrick: Co. has limited exposure to commerical paper market - MarketWatch

Connecting the Dots With GOLDEN STAR RESOURCES, CRYSTALLEX INTERNAT CORP, NORTHGATE MINERALS CORP, and ALBERTA STAR DEVELOPMENT

GRANDE BAY, U.S.A., Aug 17, 2007 (MARKET WIRE via COMTEX) -- Combating the Drops in a Dropping Market Maybach Financial Group
Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total investing experience. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the resource sector, we are focusing on GOLDEN STAR RESOURCES (GSS:
Golden Star Resources, Ltd.) , CRYSTALLEX INTERNAT CORP (KRY:
Crystallex International Corporation) , NORTHGATE MINERALS CORP (NXG:
Northgate Exploration Limited), and ALBERTA STAR DEVELOPMENT (ASXS.F) .

DENVER, Aug 09, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new) announced today its financial results for the quarter and six months ended June 30, 2007, as filed on August 9, 2007, with the US Securities and Exchange Commission and 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 June 30, 2007, of US$3.2 million or US$0.10 per share compared to a consolidated net loss of US$0.9 million or US$0.04 per share for the same period in 2006. The Corporation's consolidated net loss for the six-month period ended June 30, 2007, was US$4.0 million or US$0.13 per share compared to a consolidated net loss of US$2.0 million or US$0.09 per share for the same period in 2006. The increased losses for the three-month and six-month periods compared to the respective prior-year periods of US$2.3 million and US$2.0 million, are primarily the result of one-time costs of US$2.4 million related to the completion, on May 10, 2007, of the previously announced 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.
Upon completion of the Arrangement on May 10, 2007, the Corporation transferred its Nevada properties, and US$25.0 million in cash net of US$0.6 million in loan repayments, Allied Nevada in return for 26,933,055 shares of Allied Nevada common stock. Also, pursuant to the Arrangement, the Corporation's shareholders exchanged each of their Vista Gold Corp. common shares and received, subject to applicable withholding taxes: (a) one new share of Vista Gold Corp., (b) 0.794 of a share of Allied Nevada common stock, and (c) any payment they are entitled to receive in lieu of a fractional share of Allied Nevada. Of the 26,933,055 Allied Nevada shares issued to the Corporation, 25,403,207 shares were distributed to the Corporation's shareholders, less any applicable withholding taxes, and the Corporation retained 1,529,848 shares to facilitate the payment of any taxes payable by it in respect to the Arrangement. Holders of Vista Gold Corp. options exchanged their options for options to acquire Allied Nevada shares and options to acquire newly created Vista Gold Corp. shares, and holders of the Corporation's warrants had their warrants adjusted in accordance with the terms of the warrants.
At June 30, 2007, the Corporation's total assets were US$53.9 million compared to US$92.7 million at December 31, 2006, representing a decrease of US$38.8 million. The decrease of US$38.8 million was primarily due to US$43.1 million of assets transferred from the Corporation to Allied Nevada upon completion of the Arrangement. The US$43.1 million included cash of US$24.4 million (being the above US$25 million net of the US$0.6 million loan repayment) and other assets of US$18.7 million, offset by an increase in marketable securities of US$7.0 million which primarily reflects the fair market value of the 1,529,848 shares of Allied Nevada retained by the Corporation to facilitate payment of any taxes payable in respect to the Arrangement.
At June 30, 2007, the Corporation had working capital of US$27.5 million compared to US$49.7 million at December 31, 2006, representing a decrease of US$22.2 million. The principal component of working capital at both June 30, 2007, and December 31, 2006, is cash and cash equivalents of US$19.0 million and US$48.7 million, respectively. At June 30, 2007, we had no outstanding debt to banks or financial institutions.
Net cash used in operations was US$1,768,000 for the three-month period ended June 30, 2007, compared to US$1,105,000 for the same period in 2006. Cash used in operations was US$2,966,000 for the six-month period ended June 30, 2007, compared to US$2,146,000 for the same period in 2006.
Net cash used for investing activities increased to US$26.3 million for the three-month period ended June 30, 2007, compared to US$0.8 million for the same period in 2006. The increase of US$25.5 million mostly reflects the net US$24.4 million cash transferred to Allied Nevada Gold Corp in connection with the closing of the Arrangement. Net cash used for investing activities increased to US$28.3 million for the six-month period ended June 30, 2007, from US$2.3 million for the same period in 2006. The increase of US$26.0 million is mostly the result of the completion of the Arrangement as noted above.
Net cash provided by financing activities decreased to US$250,000 for the three-month period ended June 30, 2007, from US$19.8 million for the same period in 2006. Net cash provided by financing activities decreased to US$1.5 million for the six-month period ended June 30, 2007, from US$25.3 million for the same period in 2006. Warrants exercised during the three-month period ended June 30, 2007 produced cash proceeds of US$250,000 as compared to US$19.7 million for the same period in 2006. Warrants exercised during the six-month period ended June 30, 2007 produced cash proceeds of US$1.5 million as compared to US$24.8 million for the same period in 2006. For the both three and six-month periods, the decreases relate to the acceleration of the February 2003 warrants and the September 2004 warrants in May 2006. There were no accelerations of warrants during 2007.

The selected financial data including the results of operations for the three-month and six-month periods ended June 30, 2007 compared to 2006, and the financial positions as at June 30, 2007 compared to December 31, 2006, is summarized in the following table:

Selected Financial Data Three Months Ended Six Months Ended
June 30, June 30,
2007 2006 2007 2006
U.S. $000's, except loss per share

Results of operations
Net loss $(3,228) $(926) $(4,004) $(2,034)
Basic and diluted loss per share (0.10) (0.04) (0.13) (0.09)

Net cash used in operations (1,768) (1,105) (2,966) (2,146)
Net cash used in investing
activities (26,290) (830) (28,287) (2,279)
Net cash provided by financing
activities 250 19,834 1,512 25,290

Financial position June 30, December 31,
2007 2006

Current assets $27,904 $50,430
Total assets 53,908 92,731
Current liabilities 415 732
Total liabilities 440 5,604
Shareholders' equity 53,468 87,127

Working capital 27,489 49,698

About Vista Gold Corp.
Since 2001, Vista has acquired a number of discovered gold projects with the expectation that higher gold prices would significantly increase their value. As gold prices have risen, Vista has completed various preliminary evaluations that have demonstrated that some of the projects would be potentially viable operations at today's gold prices. Currently, Vista is undertaking technical programs to bring the most advanced projects to the point where decisions can be made to put these projects into production, either by Vista, or through sale or joint venture to other mining companies. Vista's holdings include the Paredones Amarillos and Guadalupe de los Reyes Projects in Mexico, Mt. Todd Project in Australia, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long Valley Project in California, and the Amayapampa Project in Bolivia.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at http://www.vistagold.com
SOURCE Vista Gold Corp.
Connie Martinez of Vista Gold Corp., +1-720-981-1185 http://www.vistagold.com

Among stocks, HSBC was busy in the precious-metals patch, downgrading shares of Gold Fields (GFI), Barrick Gold (ABX) and Agnico-Eagles Mines (AEM), all to neutral from overweight.

JOHANNESBURG, Aug 06, 2007 (Dow Jones Commodities News via Comtex) -- South African minerals and mining company Petmin Ltd. (PET.JO) said Monday that Ian Cockerill, chief executive of Gold Fields Ltd. (GFI), has agreed to join its board as an independent non-executive director.
"We will benefit enormously from the contribution of someone of Ian's caliber. His expertise and experience in the areas of mining, corporate strategy and governance will be invaluable as we continue our acquisition trail and the building of an international platform," Petmin Chairman Piet Nel said in a statement.
Cockerill will join Petmin's board effective October 1.
Gold Fields is the world's fourth-largest gold producer, turning out more than 4 million troy ounces from mines in five countries.
Cockerill's appointment follows the resignation of Jabu Mabena as a non-executive director with effect from August 1.
Formerly Petra Mining Ltd., Petmin is listed on the Johannesburg securities exchange. Its principal mining assets are the country's largest silica mine, SamQuarz, about 85 kilometers east of Johannesburg, anthracite producer Springlake Colliery and the Somkhele anthracite project.
The company has said it intends to develop an international multi-commodity minerals business, pursuing organic growth and suitable acquisition targets.
Company Web site: http://www.petmin.co.za