Best Gold Stocks 2009

Some of the best gold stocks 2009 are what the big mutual funds are investing in. The USAA precious metals and mineral fund has AngloGold Ashanti Limited ADR, Randgold Resources Ltd. ADR and Newcrest Mining Limited as three companies that are in the top four stock assets for their fund. This is a total of [...]

Hidden Valley starting up, Harmony eyes next moves in PNG

South Africa’s Harmony Gold expects a prefeasibility study on the large Wafi-Golpu gold/copper prospects, in Papua New Guinea (PNG), to be completed in 2011, possibly followed by a definitive feasibility study in 2013, CEO Graham Briggs said in a presentation on Tuesday. Harmony owns the assets in a 50:50 joint venture with Australia’s Newcrest Mining, [...]

Newcrest remains well below the gold cash cost Plimsoll Line

Australia’s only dominant domestically-owned gold miner Newcrest Mining Ltd has been able to keep its cash operating costs well below the global average in the 2008/2009 fiscal year just ended. Read more….

Newcrest Chooses Gekko’s Inline Leach Reactor

Gekko Systems’ inline leach reactor (ILR) continues to demonstrate its strength as the world leader in intensive leach technology with new installations contracted for mines in Western Australia, Thailand and Indonesia. Australia’s largest listed gold mining company, Newcrest Mining, has ordered ILRs for its Telfer and Kencana operations, while another Australian business, Kingsgate Mining, will [...]

Newcrest posts 85% profit jump on higher prices

Australian gold and copper producer Newcrest Mining has continued to deliver a strong operational and financial performance, despite the “turbulent” market conditions in the past year, the company said on Monday. Newcrest posted an 85% increase in profit, increasing to A$248,1-million in the year ended June 30, 2009, compared with A$134,3-million in 2008. Read more….

Newcrest targets gold production build to 2.3 million oz

Australia’s biggest domestically owned gold producer, Newcrest, is looking to a strong build up in equity production over the next five years. Read more….

Australia’s Newcrest reports 9% jump in quarterly output

Australian gold producer Newcrest Mining on Wednesday reported that production for the quarter ended June, had increased by 9%, to 397 826 oz. The higher production was as a result of improved operations at the Gosowong project, in Indonesia, Telfer, in Western Australia, and Cracow, in Queensland, which offset the planned lower production at the [...]

Newcrest shares go into trading halt

Shares in Newcrest Mining Ltd have gone into a trading halt as Australia’s biggest gold miner sells new stock to raise money from institutional shareholders. Read more….

Newcrest cuts gold output forecast

Australia’s biggest gold company, Newcrest Mining Ltd, has cut its production forecast for the 2009 financial year as output dropped and mining costs surged in the second quarter. Read more….