Beiträge von GSP-Komet

VANCOUVER, Jan 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- Rare Element Resources Ltd (CA:RES) announces that recent drilling by Newmont North America Exploration Limited, a subsidiary of Newmont Mining Corporation (Newmont), on the Company's Bear Lodge property in northeast Wyoming has encountered broad zones of gold mineralization in areas previously identified from surface sampling. This drilling was carried out under the Bear Lodge Newmont - Rare Element Resources gold-exploration venture. Summaries and comparisons of selected drill-intercept gold assays are presented below.
"These wide intercepts with significant gold grades have added the important vertical dimension to the encouraging surface trench-sample results that we reported on 14 December 2006," said President & CEO Bill Bird.

DENVER, Jan 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD) (CA:RGL) , the leading precious metals royalty company, will report its second quarter fiscal 2007 results before the market opens for trading on Thursday, February 1, 2007. There will be a conference call that day at Noon Eastern Time (10:00 a.m. Mountain Time) which will be accessible via live internet broadcast and dial-in conference capabilities.

Dial-In Numbers: 800-603-2779 (U.S. and Canada)
706-634-7230 (International)
Internet Broadcast: http://www.royalgold.com under Investor Relations,
Presentations

Tony Jensen, President and Chief Executive Officer, will host the conference call. There will be a question and answer period at the end of the call. Please log on or call in at least five minutes prior to the conference call start time. In addition, the call will be archived on the Company's web site.
A replay of the call will be available through February 8, 2007. The replay dial-in numbers are 800-642-1687 (U.S. and Canada) or 706-645-9291 (International), and the access code is 6143133.
Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metals 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.
Karen Gross, Vice President & Corporate Secretary of Royal Gold, Inc., +1-303-573-1660 http://www.royalgold.com

DENVER, Jan 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- ROYAL GOLD, INC. (RGLD) (CA:RGL) today announced that it has entered into a definitive and binding agreement to purchase a net smelter return ("NSR") sliding-scale royalty for $20.5 million on the Pascua Lama project. Pascua Lama is owned by Barrick Gold Corporation ("Barrick") and is located on the border between Argentina and Chile. The NSR royalty, ranging from 0.16% to 1.08% depending on the average price of gold during the quarter, is applicable to all gold production from an area of interest in Chile. The transaction also includes a 0.216% fixed-rate copper royalty. The copper royalty applies to 100% of the copper reserves but does not take effect until after January 1, 2017. The acquisition is subject to customary due diligence and is expected to close in early March 2007.
Tony Jensen, Royal Gold's President and Chief Executive Officer, commented, "We are pleased to add the Pascua Lama royalty to our diverse and rapidly growing portfolio. This royalty provides Royal Gold with exposure to another long life, world-class deposit, and a presence in the prolific mineral potential of the Frontera District of Chile."
According to the Barrick's publicly available reserve and resource statement of December 31, 2005, Pascua Lama's proven and probable reserves include 397 million tons of ore (360 million tonnes), at a grade of 0.046 ounces per ton (1.58 grams per tonne), containing about 18.0 million ounces of gold. Approximately 80% of the reserves are located in Chile.
Barrick is targeting production in calendar 2010, subject to the receipt of certain permits. According to the technical report prepared by Barrick dated March 30, 2005 (available at http://www.sedar.com), production from the mine will average 750,000 to 775,000 ounces of gold over the first decade of production, at a cash cost range of $130 to $140 per ounce.
The NSR sliding-scale royalty ranges from 0.16% when the average quarterly gold price is at or below $325 per ounce, to a maximum of 1.08% when the average quarterly gold price equals or exceeds $800 per ounce, as shown below. When the average quarterly realized gold price is between any two price ranges, the royalty rate is proportional to the change in the gold price.

Royalty Schedule - Pascua Lama Royalty
Gold Price Range NSR Royalty Rate
(per ounce)
< / = $325 0.16%
$350 0.22%
$375 0.27%
$400 0.32%
$500 0.56%
$600 0.73%
$700 0.91%
> / = $800 1.08%

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.

Profiting from the Next Phase of the Uranium Bull Market - Doug Casey

Gold and HUI Carnage? - Adam Hamilton

Gold Reserve Audit Part II - Douglas V. Gnazzo

Gold: what might India's first gold ETF mean for the gold price? - Adrian Ash

Last Weeks Action in Gold and the Big Picture: Three Bottoms and Up? - Michael Swanson

FSN

A Different Kind of Gold Bull

GOLDEN, Colo., Jan 08, 2007 /PRNewswire-FirstCall via COMTEX/ -- Canyon Resources Corporation (CAU) , a Colorado-based mining company, is pleased to announce favorable results from a drilling program conducted on the Converse-Sand Creek Joint Venture area of interest near Douglas, Wyoming. The drilling was conducted by operating partner New Horizon Uranium Corporation.
In a progress report dated December 26, 2006, New Horizon detailed the results of their initial rotary drilling effort on the Converse-Sand Creek Project, located near Douglas, Wyoming. A drilling program was initiated on November 24, 2006, that focused on the "Scott Ranch" target area. On December 15, and after the completion of 14 drill holes and 10,395 feet of drilling, the program was suspended due to the approaching year-end holidays and seasonally inclement weather. Completion of the first phase of drilling is anticipated for early 2007, and a second phase of 12 additional rotary drill holes is presently being permitted for completion during the same timeframe.
The current drilling program consisted of wide-spaced, reconnaissance style drilling on five fences of drilling over a strike length of 1.5 miles and with drill hole spacing of 500 to 1,000 feet. Of the 14 drill holes completed to date, 13 holes encountered intercepts of uranium mineralization indicative of a "roll front" style uranium deposit. In addition, the drill holes have provided considerable additional information regarding both the location of a uranium-bearing roll front, its apparent orientation and rock types. Uranium mineralization has been previously identified in sediments of the White River Formation that trends through the Sand Creek JV area. The White River formation is the same formation that hosts Cameco Corporation's Crow Butte in-situ leaching (ISL) uranium operation in Nebraska. In addition to the intercepts quoted below, considerable low-grade uranium mineralization peripheral to the indicated intercepts may be amenable to solution mining with present ISL technology.
Bill Wilson, President of New Horizon said, "In light of the widespread nature of these drill holes, we are very pleased with the results to date that, in part, helps to confirm the historic drilling completed by Canyon's partner Aquitaine in 1981. We look forward to additional drilling planned for the first quarter of 2007." James Hesketh, President and CEO of Canyon Resources, said the following with regard to the results, "These results point out the potential for development of substantial uranium mineralization in this highly prospective but under-explored district in Wyoming."

DENVER, Jan 10, 2007 (BUSINESS WIRE) -- Golden Star Resources Ltd. (GSS) (CA:GSC) today updated progress on its Bogoso Sulfide Expansion Project at the Bogoso/Prestea property in Ghana.
The current status of the construction and commissioning activity is as follows:
-- The 2,200 tonnes per hour gyratory crusher was commissioned in October and is fully operational, crushing low grade carbonate ore for non-refractory circuit feed;
-- The new ball mill was commissioned in October and the semi-autogenous grinding mill was commissioned in December. Both mills are operating and providing non-refractory slurry feed for the carbon-in-leach ("CIL") circuit;
-- The existing CIL plant continues to process non-refractory ore. The new CIL circuit is operational and processing non-refractory ore, thereby increasing our throughput capacity;
-- The BIOX(R) Module 1, Reactor Tanks 1 and 2 are operational, utilizing previously stockpiled refractory concentrate. Reactor Tanks 3 and 4 are being commissioned with the build up of inoculate;
-- The BIOX(R) Module 1, Reactor Tanks 5, 6 and 7 (smaller, secondary tanks) are expected to be commissioned in February 2007;
-- BIOX(R) Module 1 coolers and blowers were commissioned in December and are operational;
-- BIOX(R) Module 1 neutralization tanks and counter-current decantation thickeners are expected to be commissioned at the end of January 2007 in time for refractory ore feed in February 2007;
-- The new flotation circuit (not required until refractory ore is milled) is 70% complete with completion expected in February 2007. An expansion to the flotation circuit which commenced in 2006, is expected to be commissioned in March 2007;
-- The new elution plant (not required until all BIOX(R) tanks are commissioned) is progressing according to schedule;
-- Paddock dam transfer pumping and piping system to feed stockpiled refractory concentrate to the BIOX(R) plant is operational;
-- Stockpile buildup of refractory ore is advanced and approximately one million tonnes have been placed on the stockpile; and
-- Work on other areas which are not required until all BIOX(R) tanks are full is well progressed.
Once we begin to mill refractory sulfides (expected to begin in February 2007) we plan to cease processing oxide ore through the sulfide plant and to start processing refractory sulfide ore. This should allow the flotation circuit to be commissioned and flotation concentrate to be fed to the BIOX(R) tanks on a continuous basis. Oxide and non-refractory sulfide ores will continue to be processed through the existing Bogoso CIL plant as currently configured.
Peter Bradford, President and CEO said: "We are generally pleased with the construction and commissioning of the Bogoso Sulfide Expansion Project. The BIOX(R) Module 1 is in partial operation, has been loaded with sulfide concentrate and the inoculation process continues. Of note, the bacteria have responded very well to the sulfide concentrate feed with good activity levels. Typical commissioning problems for plants of this size and complexity have arisen but we are encouraged by the speed and efficiency of our personnel, the consultants and contractors on site to resolve them. We now expect Module 1 of the BIOX(R) circuit to be fully commissioned in February, Module 2 to be commissioned in March and design operating throughput to be achieved soon thereafter and ramp up to design metallurgical recoveries over the following few months."
Company Profile
Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 208 million shares outstanding.

DENVER, Jan 09, 2007 (BUSINESS WIRE) -- Golden Star Resources Ltd. (CA:GSC) (GSS) will release its 2006 year-end results after the market close on Tuesday, March 13, 2007, and has scheduled a conference call and webcast on Wednesday, March 14, at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time). The conference call will allow investors and analysts the opportunity to speak with the Company's management. Please call in at least five minutes prior to the conference call start time to ensure prompt access to the conference. You can access the call by telephone or by webcast:

North American participants - 800-901-5241; passcode: 35973658
International participants outside U.S. and Canada - 617-786-2963;
passcode: 35973658
Webcast: http://www.gsr.com

A recording of the teleconference will be available for up to 30 days through the Company's website at http://www.gsr.com and it also will be available for 30 days by dialing:

North America - 888-286-8010; passcode: 59919633
International outside U.S. and Canada - 617-801-6888; passcode:
59919633

2007 RELEASE DATES
The Company expects to release information in 2007 on the following dates, after market close, with a teleconference and webcast the following day at 11:00 a.m. EST:

First Quarter Report for 2007 May 8, 2007
Second Quarter Report for 2007 August 7, 2007
Third Quarter Report for 2007 November 6, 2007

Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, the Company has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in West Africa and in the Guiana Shield of South America. Golden Star has approximately 206 million common shares outstanding.
SOURCE: Golden Star Resources Ltd.

The 10 worst stocks of the past 10 years were also small. And if you keep looking down the list, that's a trait that keeps showing up. NMS Communications (Nasdaq: NMSS), Golden Star Resources (AMEX: GSS), Meridian Resources (NYSE: TMR), and GrafTech International (NYSE: GTI) are all among the top 50 losers of the past 10 years, and all were capitalized at less than $2 billion back then. In fact, there were only two large caps among the top 50 losers: 3Com and Tenneco (NYSE: TEN), and just two mid caps: Gateway (NYSE: GTW) and Adaptec (Nasdaq: ADPT).

But this also makes sense: Small companies offer the greatest risk and greatest reward in the market.

Yamana Gold Inc.'s listing positions the company among NYSE-listed leaders in the gold mining industry: Barrick Gold Corporation (ABX), Goldcorp Inc. (GG), AngloGold Ashanti Limited (AU), Gold Fields Limited (GFI) and Harmony Gold Mining Company Limited (HMY).

DENVER, Nov 09, 2006 (BUSINESS WIRE) -- Apex Silver Mines Limited (SIL) today reported net income of $72.2 million or $1.25 per share for the third quarter 2006 compared to a net loss of $12.1 million or $0.25 per share for the same 2005 period. In the third quarter of 2006, the company recorded a $119.8-million gain on the September 25, 2006 sale to Sumitomo Corporation of a 35% interest in Apex Silver's San Cristobal silver-zinc-lead project located in southwestern Bolivia. The consideration consisted of $224 million in cash plus certain deferred payments related to silver and zinc production from San Cristobal and assumption by Sumitomo of its pro-rata portion of the project financing and related hedge liabilities.
During the third quarter 2006, the company posted a $45.4-million charge for the commodity-related hedge positions. The charge, which mostly stems from the application of Statement of Financial Accounting Standards No. 133, "Accounting for Derivative Instruments and Hedging Activities" (FAS No. 133), requires that all derivative instruments be recorded on the balance sheet at fair value and that changes in the fair value be recorded in current earnings. At September 30, 2006, the liability associated with the derivative positions was $182.2 million.
In the first nine months of 2006, the company recorded a net loss of $50.9 million or $0.92 per share, primarily due to the mark-to-market derivative charges offset by the gain on the sale of the 35% interest in San Cristobal. The $88.4-million minority interest shown on the balance sheet reflects the share of the book value of San Cristobal owned by Sumitomo including its pro-rata portion of the hedge liabilities and project financing adjusted for the value of its future silver and zinc-related payment obligations.
At September 30, 2006, the company's aggregate cash and short and long-term investments, both restricted and unrestricted, amounted to $549.1 million. This amount included $116.3 million of cash and investments restricted to fund development of San Cristobal and outstanding corporate financial commitments. At September 30, 2006, the company had spent approximately $420 million on the project ($226 million in 2006).
Significant Advancements in the Development of San Cristobal
Significant advancements were made in the development of San Cristobal and the project is now approximately 85% complete. With major structural foundation and equipment fully installed, the primary crusher should be in position to receive ore in January 2007. The conveyor structure and idlers are in place for the 1.5-kilometer overland conveyor. With the imminent installation of the conveyor belt and the requisite electronic equipment, it should be fully operational by 2007.
Concentrator construction is advancing at a rapid pace. The wraparound motors are complete on all three mills and liners are being placed in the Semi-Autogenous Grinding (SAG) and two ball mills. All the cyclones, flotation cells, concentrate thickeners and filters have also been installed. The major thrust of the future activity at the concentrator will be centered on the installation of process piping and electrical and instrumentation equipment.
Electrical substations at both San Cristobal and Punutuma have been completed and there should be access to the power grid by the end of 2006; the 10-kilometer tailings line has been routed and piping and booster pumping stations for the 15-kilometer water supply system have been built; the railroad spur is well advanced with laying of the rail now underway; the superstructure on the concentrate loading facility has been installed, and construction of the Mejillones port facility is proceeding as planned.
Mining activities are advancing to provide ore feed by the time the concentrator is fully operational. Two new CAT 789 200-tonne haulage trucks are in service and approximately 15.1 million tonnes of material have been moved. Eight more 200-tonne trucks, two PC 4000 Komatsu shovels and a CAT 994 loader are scheduled for delivery in late 2006 and early 2007. The project remains on schedule to commence operations in the third quarter of 2007.
San Cristobal Operating Plan Update
The company has concluded an update to its operating and capital cost projections for San Cristobal, including a definitive cost to complete the project. In the first five years of operation, based on designed 40,000-tonne per day ore throughput, San Cristobal is expected to produce approximately 16.9 million ounces of payable silver (at an average cash cost of $1.97 per ounce), 225,000 tonnes of payable zinc (at an average cash cost of $0.51 per pound) and 82,000 tonnes of payable lead (lead is credited as a by product to silver production costs). During the projected 16 year mine life, San Cristobal is expected to produce annually approximately 15.7 million ounces of payable silver, 166,000 tonnes of payable zinc and 59,000 tonnes of payable lead.
Recent pre-stripping activity has provided additional information regarding the boundary between the surface silver-rich oxide ore stockpiled for future treatment and the sulfide ore earmarked for processing through the San Cristobal concentrator. The amount of oxide ore has increased and feasibility work is underway to evaluate the expansion of silver production using alternative methods of processing it early in the mine life of San Cristobal. Results of the studies should be available in mid-2007. In the meantime, the company expects to incur an additional $23 million in costs associated with the increased stockpiling of these ores prior to the startup.
The company also expects to spend approximately $15 million in additional capital and has allocated about $9 million in additional contingency bringing the revised total capital cost estimate to about $650 million (compared to the original estimate of approximately $600 million). As previously indicated, this estimate excludes working capital and advancements related to construction of the power line, port and working capital which should total approximately $70 million.
"In today's robust pricing environment for all commodities, we applaud our employees and contractors for their cost containment efforts in keeping the San Cristobal project on schedule and, excluding the effect of stockpiling of additional amounts of silver-rich oxide ores, within a remarkable four percent of the original capital estimate prepared in 2004," said Jeffrey G. Clevenger, Apex Silver's President and Chief Executive Officer.
Apex Silver is a mining exploration and development company. Its 65%-owned San Cristobal project is the world's largest development in silver and zinc. The Ordinary shares of Apex Silver trade on the American Stock Exchange under the symbol "SIL."

Yamana Gold Inc.'s listing positions the company among NYSE-listed leaders in the gold mining industry: Barrick Gold Corporation (ABX), Goldcorp Inc. (GG), AngloGold Ashanti Limited (AU), Gold Fields Limited (GFI) and Harmony Gold Mining Company Limited (HMY).

JOHANNESBURG, SOUTH AFRICA, Jan 10, 2007 (MARKET WIRE via COMTEX) -- AngloGold Ashanti's (AU) fourth quarter and year-end 2006 earnings conference call will take place on Tuesday, February 13, at 9:00am EST. Participants can access the call from North America by dialing (800) 860 2442 or (412) 858 4600 and referencing 'AngloGold Ashanti.' To access the call from the UK, dial 0800 917 7042 or 020 7107 0611.
A replay will be available two hours after the call on February 13 through February 27. To access the replay from North America, dial (877) 344 7529 or (412) 317 0088 and reference the playback code 2645. From the UK, please dial 0808 234 6771, and from Australia please dial 1 800 091 250.
A live webcast of the call, as well as the company's full quarterly results, will be available on http://www.anglogoldashanti.com.
Contact: Michael Clements Investor Relations Phone: 011.27.11.637.6647 Email: Contact via http://www.marketwire.com/mw/e…cntct?id=0C0FD8B17C8F372B
SOURCE: AngloGold Ashanti

In mining action, shares of Anglogold Ashanti (AU) ended with a 1.3% gain, to $44.39. The company was upgraded to overweight from neutral weight at Prudential Equity Group. The firm also lifted its price target on the stock to $50 from $37 and cited benefits for the company from the weaker South African rand and cost stability.

AngloGold Ashanti upped to overweight at Prudential

Yamana Gold Inc.'s listing positions the company among NYSE-listed leaders in the gold mining industry: Barrick Gold Corporation (ABX), Goldcorp Inc. (GG), AngloGold Ashanti Limited (AU), Gold Fields Limited (GFI) and Harmony Gold Mining Company Limited (HMY).

JOHANNESBURG, South Africa, January 9, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (NYSE, JSE, DIFX: GFI) today announced that Mr. Terence Goodlace will replace the late Mr. Brendan Walker as head of its South African operations, with immediate effect. Mr. Walker was tragically killed in a car accident on 30 December 2006.
Mr Goodlace was previously head of Gold Fields' international operations.
Mr. Ian Cockerill, Chief Executive Officer of Gold Fields said:
"Terence's appointment will ensure stability and continuity at a time when we face significant new challenges in South Africa. Terence, who is well known to and respected by the South African operations, has a deep insight into and understanding of the many and complex challenges facing our operations. He has filled various operational positions in the Group with distinction over the past 20 years and is a longstanding member of the Gold Fields Executive Committee. Before becoming head of the international operations he was head of strategic planning for the Group."
Gold Fields' South African operations include the Beatrix, Driefontein and Kloof Gold Mines, as well as the recently acquired South Deep Gold Mine.
Mr. Peter McArdle, currently head of technical and strategic planning for the international operations, will act as head of international operations while a global search is conducted to fill the position on a permanent basis.
Gold Fields is one of the world's largest unhedged gold producers, with annual gold production of approximately 4.1 million ounces from mines in South Africa, Ghana, Australia and Venezuela, as well as a developing mine at Cerro Corona in Peru. The Company has ore reserves of 65 million ounces and mineral resources of 179 million ounces. Gold Fields has its primary listing on the Johannesburg Securities Exchange and secondary listings on the NYSE, LSE, DIFX, Euronext in Paris and Brussels, and on the Swiss Exchange. All of Gold Fields' operations are ISO 14001 certified.
SOURCE Gold Fields Limited

Gold Fields Limited said Tuesday that Terence Goodlace will replace the late Mr. Brendan Walker as head of its South African operations, with immediate effect.

Newmont Mining Corporation (NEM) continued its underperformance with poor operating results and a production warning late in the quarter.