Sunday, August 14, 2016

Gold, Silver and US Stocks Rally

October 30, 2009 by · Leave a Comment 

Gold and other precious metals spiked Thursday, as did crude oil and US stocks following a report by the Commerce Department saying the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. The Dow and S&P enjoyed their best one-day [...]

Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story

October 30, 2009 by · Leave a Comment 

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul [...]

American Gold Bullion

October 30, 2009 by · Leave a Comment 

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]

Property Developers and Road Contractors Benefit from PolyCom Stabilising Aid

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PolyCom treated water is of great benefit during the initial phase of construction projects. Mine developers, civil roadworks contractors and subdivision specialists benefit from reduced water use and the ability to improve sub-standard soils to make sub-grade improvements. PolyCom enables the use of most materials usually cut to spoil by improving workability of difficult to [...]

Miners eye sea as land resources diminish

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The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine mining and has reignited the interest of mining houses in this new frontier. Although Southern Africa has a [...]

Harmony’s first-quarter gold output up 6%

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South African-based gold-miner Harmony Gold recorded a 6% quarter-on-quarter increase in production to 11 615 kg of gold during the quarter ended September 30, 2009, but CEO Graham Briggs warned on Friday that the company might have to restructure some of its lowest-grade, highest-cost operations as a result of the strengthening rand. Both the underground [...]

Debt paydown still top priority for Teck

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Vancouver-based Teck Cominco may find itself sitting a lot more comfortably than was the case six months or so, but CEO Don Lindsay made it clear on Thursday that he won’t be happy until the company’s term loan is paid down and it once again merits investment-grade ratings. One year ago, Teck borrowed $9,8-billion to [...]

Apocalypse postponed – gold bugs please note!

October 30, 2009 by · Leave a Comment 

A refreshing look at gold and the latest happenings in the financial marketplace in the U.S. from Sara Patterson, regular commentator on Kitco.com where this article has already appeared. Read more….

For Harmony Gold, free cash flow remains elusive

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The gold digger remains precariously balanced between completing four big projects, and waiting for build up of new operating cash flows. Read more….

Norseman gold output down in Sept quarter but guidance confirmed

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Accelerated development led to a below forecast gold output from Norseman in the September quarter but overall production guidance for year maintained. Read more….

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