Beiträge von GSP-Komet

JOHANNESBURG, Dec 18, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY), Africa's third-largest gold producer, is set to make an announcement early Wednesday on the uranium assets at one of its South African mines.
The Johannesburg-based company in an e-mailed statement Tuesday said it would make an announcement "on realizing value from the Randfontein uranium assets."
Acting Chief Executive Graham Briggs in October said the company was considering selling certain mines and could put on the block the Randfontein mine, including both the gold and uranium reserves and underground and surface operations.
He at the time said Harmony was waiting for the assay results from drilling the mine's waste dams for a clearer indication of the uranium they may contain, but he said the company would consider selling Randfontein, a separate listing or a joint venture.
An agreement to sell the mine's Cooke uranium dump expired unsuccessfully at the end of September.
Randfontein is located about 30 kilometers west of Johannesburg, with mining done at depths ranging from 500 to 2,500 meters.
Company Web site: http://www.harmony.co.za

JOHANNESBURG, December 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (GFI: gold fields ltd new sponsored adr) today published an updated operational guidance statement for Q2 F2008.
Overall attributable production* for Q2 F2008 is expected to be down approximately 3.5% compared to that reported for Q1 F2008 and group total cash costs is expected to increase by approximately 8% in US$ terms and 3% in Rand terms.
Production from the South African mines is expected to be down by approximately 7% against the production achieved for Q1 F2008, largely as a result of a variety of safety related events including accidents, work stoppages and suspensions of operations ordered by the Department of Minerals and Energy.
Attributable production from the International mines, excluding Choco 10, is expected to increase by approximately 1.5%.
Gold Fields will publish its results for Q2 F2008 on Thursday, 31 January 2008.
*Choco 10, which was sold early in the quarter, will be accounted for as a discontinued operation, and is excluded from all comparisons.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of more than four million ounces per annum, total attributable ore reserves of 92 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 20, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), Africa's second-largest gold producer, Thursday said it expects attributable production in the second quarter of the financial year will be down about 3.5% on the previous quarter and dollar cash costs up 8%.
The Johannesburg-based company is due to publish its second-quarter results on Jan. 31.

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

These are not the only analyst impact calls, but these are the top research notes that 247WallSt.com is focusing on:

Northgate Announces Additional Young-Davidson Drill Results - Drill Hole YD07-42B Returns 46.80 Grams per Tonne Gold Over 9.1 Metres

VANCOUVER, British Columbia, Dec 20, 2007 (BUSINESS WIRE) -- Northgate Minerals Corporation (CA:NGX) (NXG: Northgate Exploration Limited) today announced assay results for 13 additional diamond drill holes at its Young-Davidson property near the town of Matachewan, Ontario.

DRILLING HIGHLIGHTS

- Hole YD07-42B, on the eastern flank of the Lower Boundary
zone, intersected 46.80 grams per tonne (g/t) gold over
9.1 metres (m).

- Hole YD07-53, also targeting the Lower Boundary zone,
intersected 80.8m of 2.68 g/t gold including 3.47 g/t gold
over 18.0m. This hole is situated below and about 100m
further to the west than any other intersection in the area.

- Hole YD07-50, drilled on the western flank of the Lower YD
zone, returned results of 5.54 g/t gold over 8.5m.

- The results of these latest holes are being incorporated into
a resource update for the project, which is expected to be
completed in January 2008.

Ken Stowe, President and Chief Executive Officer, remarked, "The exploration team at Young-Davidson continues to achieve outstanding results. The continuity of the mineralization in the four main zones is excellent, which supports our concept of low-cost, large-scale bulk underground mining for the project. Given the drilling success in 2007, we expect to see another significant increase in gold resources for the project once the new resource update is completed next month, which will have a positive impact on the Pre-Feasibility Study for the project."

Northgate Updates Progress on Perseverance Acquisition

VANCOUVER, British Columbia, Dec 18, 2007 (BUSINESS WIRE) -- Northgate Minerals Corporation (NXG: Northgate Exploration Limited) (CA:NGX) is pleased to announce that the holders of the convertible subordinated notes ("Noteholders") of Perseverance Corporation Limited ("Perseverance") have approved the extraordinary resolution as set out in the Meeting of Noteholders held on December 17, 2007.
Under the terms defined in the resolution, the convertible subordinated notes will be subject to early redemption and Perseverance Noteholders will receive A$100,000 (face value) plus any accrued interest per subordinated note, provided that the schemes of arrangement between Perseverance and its shareholders and warrantholders (referred to in Australia as optionholders) are approved. The share scheme and option scheme meetings of Perseverance's shareholders and optionholders, respectively, are scheduled to take place on January 18, 2008.
Ken Stowe, President & CEO, commented, "The approval of the resolution by Perseverance Noteholders is an important step in completing our acquisition of this significant Australian gold producer. With the unanimous recommendation by Perseverance's Board and positive Noteholder support, we look forward to the successful completion of this deal in mid-February 2008."
Further information about the proposed acquisition of Perseverance can be found in Northgate's press release dated October 29, 2007.
NORTHGATE MINERALS CORPORATION is a gold and copper mining company focused on operations and opportunities in the Americas and Australia. The Corporation's principal assets are the Kemess South mine in north-central British Columbia and the Young-Davidson property in northern Ontario. With the proposed acquisition of Perseverance Corporation Limited, the addition of two operating mines will create a leading multi-mine, mid-tier gold producer, with over 430,000 ounces of gold production in 2008. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG.

Coeur Completes Acquisitions of Bolnisi and Palmarejo
Combination Creates World's Leading Silver Company

COEUR D'ALENE, Idaho, Dec 21, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) (ASX:CXC) today announced the successful completion of its acquisitions of Bolnisi Gold NL (ASX:BSG) and Palmarejo Silver and Gold Corporation (CA:PJO: news, chart, profile) , which creates the world's leading silver company.
"The acquisitions of Bolnisi and Palmarejo represent a transforming event for Coeur," said Dennis E. Wheeler, Coeur's Chairman, President and Chief Executive Officer. "With our San Bartolome silver mine set to begin producing in early 2008 and the new Palmarejo Project expected to begin contributing low-cost silver and gold ounces in early 2009, we now are positioned to provide our shareholders with the potential for exponential growth and value creation. We are thrilled to complete this transaction and begin 2008 as the world's unrivaled growth company in silver, with a nearly tripling of silver production expected in 2009, to approximately 30 million ounces annually."
The Palmarejo Project is expected to begin production in just over a year 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 by-product credits, 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 gold ounces (measured: 5.1 million tonnes at 2.24 grams per tonne gold and 198 grams per tonne silver; indicated: 9.51 million tonnes at 2.03 grams per tonne gold and 184 grams per tonne silver) and an additional 61.4 million ounces of inferred silver mineral resources and 0.7 million inferred gold ounces (16.1 million tonnes at 1.39 grams per tonne gold and 119 grams per tonne silver).
Coeur's Australian-listed CHESS Depositary Interests (CDIs) (ASX:CXC) began trading on the Australian stock exchange on December 12, 2007, and have now been added to Australia's S&P/ASX 200 indices.
The common shares of Palmarejo have been halted for delisting from the TSX Venture Exchange and the Coeur common shares issued to Palmarejo shareholders are listed and posted for trading on the Toronto Stock Exchange as of December 21, 2007.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer. Coeur, which has no silver or gold production hedged, is presently constructing two of the world's largest silver mines - San Bartolome in Bolivia and Palmarejo in Mexico; operates two underground mines in southern Chile and Argentina and one surface mine in Nevada; and owns non-operating interests in two low-cost mines in Australia. The Company also owns a major gold project in Alaska and conducts exploration activities in Argentina, Bolivia, Chile, Mexico and Tanzania. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.

TORONTO, ONTARIO, Dec 13, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. (CA:PDL) (PAL: north amern palladium ltd com) is pleased to announce that it has closed its public offering of 18,666,667 units at a price of US$4.00 per unit (C$4.04 per unit) for total gross proceeds of approximately US$75 million. Each unit consists of one common share and one half of a common share purchase warrant of North American Palladium. Each whole warrant will entitle the holder to purchase one common share at a price of US$5.05 per share at any time on or prior to December 13, 2009. The proceeds of the offering will be used to fund the growth and development of the Company's operations and, in particular, to advance the Offset High Grade Zone Project, the Shebandowan West Project and the Arctic Platinum Project. The net proceeds of the offering may also be used for general corporate purposes.
The lead manager of the underwriting syndicate was Merrill Lynch & Co. Co-managers were BMO Capital Markets, HSBC Securities (Canada) Inc. and UBS Securities Canada Inc. North American Palladium has granted the underwriters an option to purchase up to 2,100,000 additional units prior to January 11, 2008 to cover over-allotments. In addition, assuming the full exercise of the over-allotment option, Kaiser-Francis Oil Company will have the right to purchase an additional 700,000 units at the public offering price.
A copy of the final prospectus supplement and the accompanying base shelf prospectus is available through http://www.sec.gov or http://www.sedar.com. Alternatively, you can request a copy of the final prospectus supplement and the base shelf prospectus by contacting Merrill Lynch & Co. at 4 World Financial Center, 250 Vesey Street, New York, NY 10080 (telephone: 212-449-1000) or 181 Bay Street, Suite 400, Toronto, Ontario M5J 2V8 (telephone: 416-369-7400).
About North American Palladium
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.

TORONTO, ONTARIO, Dec 12, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. (CA:PDL) (PAL: north amern palladium ltd com) is pleased to announce that Kaiser-Francis Oil Company has elected to exercise its right to fully subscribe for 25% of the unit offering, resulting in increased gross proceeds of approximately US$75 million from US$56 million.
The offering is being made under a prospectus supplement to North American Palladium's shelf prospectus dated November 16, 2007. After giving effect to the participation of Kaiser-Francis Oil Company, the Company will issue 18,666,667 units at a price of US$4.00 per unit (C$4.04 per unit). Each unit consists of one common share and one half of a common share purchase warrant of North American Palladium. Each whole warrant will entitle the holder to purchase one common share at a price of US$5.05 per share at any time on or prior to two years from the date of the closing of this offering, expected to occur on December 13, 2007. The units will mandatorily separate after the closing of this offering into common shares and warrants. The ticker symbols for the warrants are PDL.WT on the TSX and PAL.WS on AMEX.
As more fully described in the prospectus supplement, Kaiser-Francis Oil Company had a pre-existing right to subscribe at the public offering price for up to 25% of the total units being offered by North American Palladium.
North American Palladium has also granted the underwriters an over-allotment option to purchase an additional 2.1 million units for a period of 30 days after the date of the final prospectus supplement. Assuming the completion of the offering and the full exercise of the over-allotment option, Kaiser-Francis Oil Company will have the right to purchase an additional 700,000 units.
The lead manager of the underwriting syndicate is Merrill Lynch & Co. The co-managers are BMO Capital Markets, HSBC Securities (Canada) Inc. and UBS Securities Canada Inc.
The net proceeds of the offering will be used to fund the growth and development of North American Palladium's operations and, in particular, to advance its three main projects: the Offset High Grade Zone at the Lac des Iles mine, the Shebandowan West Project and the Arctic Platinum Project in Finland. The net proceeds of the offering may also be used for general corporate purposes.
A copy of the final prospectus supplement and the accompanying base shelf prospectus will be available through http://www.sec.gov or http://www.sedar.com. Alternatively, you can request a copy of the final prospectus supplement and the base shelf prospectus by contacting Merrill Lynch & Co. at 4 World Financial Center, 250 Vesey Street, New York, NY 10080 (telephone: 212-449-1000) or 181 Bay Street, Suite 400, Toronto, Ontario M5J 2V8 (telephone: 416-369-7400). Copies of the final prospectus supplement are expected to be available on December 12, 2007.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or province in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or province.
About North American Palladium
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.

TORONTO, ONTARIO, Dec 10, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. (CA:PDL) (PAL: north amern palladium ltd com) announced that it has entered into an underwriting agreement today in connection with its previously announced public unit offering in Canada and the United States.
The offering will be made under a prospectus supplement to North American Palladium's shelf prospectus dated November 16, 2007. The underwriters have agreed to purchase 14 million units at a price of US$4.00 per unit (C$4.04 per unit). Each unit consists of one common share and one half of a common share purchase warrant of North American Palladium. Each whole warrant will entitle the holder to purchase one common share at a price of US$5.05 per share at any time on or prior to two years from the date of the closing of this offering, expected to occur on December 13, 2007. The units will mandatorily separate after the closing of this offering into common shares and warrants. The ticker symbols for the warrants are PDL.WT on the TSX and PAL.WS on AMEX.
The offering will generate gross proceeds to North American Palladium of approximately US$56 million before underwriting commissions, expenses and the exercise of the pre-emptive rights and overallotment option, if any, and before exercise of the warrants. As more fully described in the prospectus supplement, Kaiser-Francis Oil Company and IP Synergy Finance Inc. each has a pre-existing right to subscribe at the public offering price for up to 12.5% of the total equity securities being offered by North American Palladium. KFOC and IP Synergy have until 8:45 pm EST on December 11, 2007 to exercise this right.
The lead manager of the underwriting syndicate is Merrill Lynch & Co. The co-managers are BMO Capital Markets, HSBC Securities (Canada) Inc. and UBS Securities Canada Inc. The underwriters have an option to purchase up to 2.1 million additional units to cover over-allotments for a period of 30 days after the date of the final prospectus supplement.
The net proceeds of the offering will be used to fund the growth and development of North American Palladium's operations and, in particular, to advance its three main projects: the Offset High Grade Zone at the Lac des Iles mine, the Shebandowan West Project and the Arctic Platinum Project in Finland. The net proceeds of the offering may also be used for general corporate purposes.
A copy of the final prospectus supplement and the accompanying base shelf prospectus will be available through http://www.sec.gov or http://www.sedar.com. Alternatively, you can request a copy of the final prospectus supplement and the base shelf prospectus by contacting Merrill Lynch & Co. at 4 World Financial Center, 250 Vesey Street, New York, NY 10080 (telephone: 212-449-1000) or 181 Bay Street, Suite 400, Toronto, Ontario M5J 2V8 (telephone: 416-369-7400). Copies of the final prospectus supplement are expected to be available on December 12, 2007.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or province in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or province.
About North American Palladium
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.

TORONTO, ONTARIO, Dec 10, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. (CA:PDL) (PAL: PAL) announced today that it has exercised its option to form an operating joint venture with Vale Inco Limited (formerly CVRD Inco Limited) over the Shebandowan Property, located west of Thunder Bay, Ontario and within 100 kilometers of the Company's Lac des Iles mine.
The Company is party to an option and joint venture agreement with Vale Inco entitling it to earn a 50% interest in the former producing Shebandowan mine and the surrounding Haines and Conacher properties, totaling approximately 7,842 hectares. In order to earn a 50% interest in the property, the Company incurred $3 million in exploration expenditures and made cash payments totaling $200,000. Vale Inco retains the remaining 50% interest in the Shebandowan Property.
The Shebandowan Property includes the Shebandowan West Project, a nickel-copper-PGM property that encompasses three shallow mineralized zones known as the West, Road and "D" zones. The Shebandowan West Project's mineralization is believed to represent the western extension of the Shebandowan mine orebody, which was in operation from 1972 to 1998. A mineral resource estimate for the Shebandowan West Project, prepared in compliance with National Instrument 43-101, was released on October 25, 2007.
The Company is considering a mine development scenario for the Shebandowan West Project that would entail excavation of the mineralization from the Shebandowan West Project by means of ramp-accessed underground mining methods at a rate of 500 to 1,000 tonnes per day, crushing the material on site and transporting it by truck to the Lac des Iles property for processing at a refurbished mill. A scoping study and baseline environmental sampling are ongoing. If the results of the scoping study are favorable, the Company intends to commence a feasibility study and bulk sampling during the first half of 2008.
About North American Palladium
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.
About Vale Inco Limited
Vale Inco Limited is a leading producer of nickel, copper, cobalt and precious metals, based in Toronto, Canada. Vale Inco is a wholly-owned subsidiary of Companhia Vale do Rio Doce (RIO: companhia vale do rio doce sponsored adr) , one of the world's largest mining companies. Vale Inco has more than 12,000 employees worldwide and had net sales last year of over US$8 billion. Vale Inco is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.
Please visit http://www.napalladium.com for further information on North American Palladium.

In a previous article I discussed that palladium could be the best commodity investment and I recommend that people buy the stocks of Stillwater Mining Company (SWC) and North American Palladium (PAL) for leveraged long term profit from the coming palladium super bull. These two North American mining companies are the only primary PGM metal producers outside Russia and South Africa. I discussed the major reasons why palladium is super bullish, including the end of the Russian stockpile sale soon; some determined investors have been loading quietly since 2003; auto companies switching to the cheaper palladium for catalysts converters; emerging PGM metal applications including the red hot fuel cell batteries in vehicles, as well as in mobile electronics; and the more exotic prospective that cold fusion could become a commercial reality, bringing the palladium price to unimaginable level if that happens.

As of this writing, the stock price of PAL has been pushed from recent high of $12.65 to a multi-year low of only $3.40, while prices of its metal products are near multi-year highs. I have sufficient reasons to believe this is a deliberate stock price manipulation.

This is an extremely rare opportunity that investors need to seize immediately and load up PAL at this incredibly low entry price, I urge people to rush in to buy. For all those folks who could not bear the pain and sold, now is time to buy back your shares. Don't let some one else steal your shares at this dirt cheap price.

PAL started the drop from $8.05 a share, on November 5th, 2007, when a Q3 loss of 25 cents was reported, far worse than estimates. The plummet worsened when PAL announces a $100M secondary public offer on November 27, 2007, with the offer units and price yet to be determined at the time. PAL reached the low of $4.04 on December 10, and the secondary offer price was fixed at $4 that evening, number of offer unit was fixed at 14M, for a total of $56M.

The next day, on December 11th, PAL saw extremely high volume of trade, more than one million shares were traded in just the first 5 minute. More than 7.89M shares traded that day, and the stock was pushed to the low of $3.40 a share at close. The next day, December 12 saw reduced but still significant trade volume, and the stock price recovered some to close at $3.54.

It looks like a well defined bottom upon the conclusion of secondary offer. Once the offer is closed (today, December 13, 2007), the conventional wisdom is the stock should rally back up.

I believe the PAL's Q3 loss result, as well as the secondary offer announced right after a bad quarterly result, were deliberately planned for the sole purpose of depressing stock price and get the secondary offering priced as low as possible, so as to allow certain big stake holders to increase their stakes at the lowest cost possible, and shake out retail investors. There was also carefully timed and concerted market manipulations going on to mercilessly hammer the stock down during the trading hours for the last few weeks.

Why do I believe that the Q3 result was deliberately depressed? I examined the financial report for the third quarter, and discovered that the sales revenue reported is way much lower than that in first quarter, during which PAL reported a 10 cents per share profit. The Q1 sales revenue was $68.4M, while the Q3 sales revenue was only $36.492M. It was way much less!

Further, the $36.492M sales revenue in Q3 just does not look right, judging from the amount of metals produced and their realize prices. For the calculation I used the metal producton numbers from page 3; Palladium sales price from page 2; byproduct metal prices from page 6, and the sales revenue break down from page 25. I did the calculation, and found that indeed the numbers do not look right:

So we see that the total value of metals produced was $51.33M, but the actual sales revenue was only $36.492M. The shortcoming is as high as $14.84M, more than the reported quarterly loss of $14M. Clearly, the PAL management did not sell all of the metals produced. They held some metals back, and reported reduced sales revenue as well as quarterly loss. The quarterly loss was an intended result!

Once we understand that the quarterly loss was a planned result, it's now easy to understand why the management chose to announce a secondary offering right after a bad quarterly result depressed the stock price, knowing full well that such an announcement of secondary offering could only further depress the share price, and dilute share value.

Because a share price drop must be the intended result! There must be some internal pressure from certain big share holders to produce the quarterly loss they want to see, and then a secondary offer announcement to depress stock price.

Because somebody must want to load cheap shares to increase their stake at as low a cost as possible. That is why! Folks, now you understand why you are forced to sell your shares at dirt cheap price? Somebody wants to grab your cheap shares!

People need to wake up and hurry to buy back the shares they lost! Now is the right time!

Full Disclosure: The author is holding long positions in both PAL and SWC stocks.

Friday I decided to add to positions in both (VGZ) and (CEUA). I doubled my position in VGZ (which is still small) at $4.85, bringing my basis down to $5. I also added to my position in CEUA by 15% at $5.50. I now have a solid position in CEUA, and I am very encouraged by the stock hitting another 52 week high. If volume ever starts to come into this stock, we are going to see a major move higher from here. I have most of my position in the stock at this point, but may add modestly if it continues to show strength.

JOHANNESBURG, Dec 10, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY), South Africa's third-largest gold producer, Monday said it has been granted new mining rights for all its operations in the country.
The so-called new order rights, given by the Department of Minerals and Energy under South African mining laws that require all companies reapply for prospecting and mining licenses, cover 13 operations.
"The granting of Harmony's mining rights for our South African mining operations will create stability and long-term sustainability of our business," acting Chief Executive Graham Briggs said.
Briggs said the rights would also ensure the development of communities where Harmony's mining operations are located and from where it recruits employees.
The first mining right to be granted covers Harmony's Target operation and the company said it and the government plan to convert mining rights in the country's Free State province by Dec. 21 and across other provinces by the end of January.
The granting of the new order rights includes a commitment by Harmony to local economic development, including programs focused on poverty alleviation, job creation and low-cost housing development in local communities. It also includes skills development through schemes such as internships and mining community bursaries, as well as working with suppliers and helping develop healthcare infrastructure.

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

COEUR D'ALENE, Idaho, Dec 10, 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 Palmarejo Silver and Gold Corporation (CA:PJO) and Bolnisi Gold NL (ASX:BSG) at a Special Meeting held 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.

WASHINGTON (MarketWatch) -- Coeur d'Alene Mines Corp said Monday its shareholders have approved the merger with Palmarejo Silver and Gold Corp and Bolnisi Gold NL at a special shareholders meeting. The company said the transaction creates the world's leading silver company, with expected company-wide silver production tp rise to nearly 30 million ounces by 2009.

JOHANNESBURG, South Africa, December 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (NYSE, JSE, DIFX: GFI) on Friday, 7 December 2007, published an updated interim Ore Reserve Statement as at 30 June 2007, as part of its 20F filing and in compliance with NYSE and SEC requirements.
Total attributable Ore Reserves (inclusive of copper as gold equivalents) decreased by 2% to 91.6 (93.8) million ounces.
The updated Ore Reserves took account of increased costs and a higher gold price. Attributable depletion accounted for 2.2 million ounces, while lower pay limits, limited remodelling and discoveries contributed an additional 0.3 million ounces. A full remodelling and rescheduling exercise was not undertaken for this interim statement, as this will be done for the June 2008 declaration. The table below compares the June 2007 Reserves with those of December 2006.
Ore Reserves were calculated using gold prices of R120,000/kg in South Africa; A$715/oz in Australia; and US$550/oz in Ghana, Venezuela and Peru, in line with the SEC guidelines. The copper price was kept constant at 1.25 US$/lb and as a result the equivalent gold ounces decreased by 0.25 million. An external independent auditor has confirmed that the Reserves are classified according to the SAMREC Code.
The comparason of ore reserves between December 2006 and June 2007 is available on the Gold Fields at http://www.goldfields.co.za.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces per annum, total attributable ore reserves of 92 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).
For further details refer to the 20-F form as lodged with the SEC
SOURCE Gold Fields Limited

JOHANNESBURG, Dec 10, 2007 (Dow Jones Commodities News via Comtex) -- (Adds details.)
Gold Fields Ltd. (GFI), the world's fourth-largest gold producer, Monday said its attributable ore reserves had declined 2.3% by the end of June, largely due to mining operations.
Ore reserves, which include copper as gold equivalents, totaled 91.7 million ounces compared with 93.8 million ounces at the end of December, the Johannesburg-based company said.
The updated figure takes into account increased costs and a higher gold price, which was calculated at 120,000 rand a kilogram in South Africa, $715 a troy ounce in Australia and $550/oz in Ghana, Venezuela and Peru. The copper price was kept constant at $1.25 a pound and as a result equivalent gold ounces decreased by 250,000, Gold Fields said.
Of the overall decline, mining depletion accounted for 2.2 million ounces, it said.
Gold reserves at Gold Fields' South African operations were 72.5 million ounces, down 1.9% from December, while gold reserves at the company's international operations were 3.2% lower at 21.8 million ounces.
Gold Fields' shares ended the day down ZAR1.69, or 1.6%, at ZAR104.70 amid a decline in the broader gold sector in Johannesburg.

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

Dec 10, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Gold Fields Ltd. (GFI) Monday said its total attributable ore reserves, including copper as gold equivalents, fell by 2% as of June 30 from Dec. 31, 2006, to 91.6 million ounces.
The South African gold exploration and development company said the updated ore reserves reflect increased costs and a higher gold price. Attributable depletion accounted for 2.2 million ounces, while lower pay limits, limited remodelling and discoveries contributed an additional 0.3 million ounces.
The company's American depositary shares recently traded at $15.64, up 2 cents.

TORONTO, ONTARIO, Dec 13, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (CA:IMG) (IAG: iamgold corp com) (BOTSWANA: IAMGOLD) is pleased to announce an annual dividend payment of USD$0.06 per share payable on January 11, 2008 to shareholders of record as of the close of trading on December 24, 2007.
"We are pleased to maintain IAMGOLD's Dividend Policy with the seventh consecutive annual dividend to shareholders," said William Pugliese, Chairman of the Board. "Over the past year, IAMGOLD has completed the successful integration of all our 2006 acquisitions. We made significant additions to our resource base, advanced our development projects and continued to explore. The annual distribution of a dividend delivers a direct financial return and represents our philosophy to provide income as well as capital appreciation to shareholders. In 2008 we will continue to be focused on delivery, growth and accountability."
The dividend will be distributed in Canadian funds to all shareholders except those registered in the United States based on the U.S. to Canadian dollar exchange rate as issued by the Bank of Canada at the close of business on the record date, December 24, 2007. For purposes of subsection 89(14) of the Income Tax Act, the Company designates all dividends payable on January 11, 2008 to be eligible dividends.