Monday, August 15, 2016

Girl Scout Commemorative Coin Act is Law

October 30, 2009 by · Leave a Comment 

President Obama on Thursday signed the Girl Scout Commemorative Coin Act into law, authorizing the Untied States Mint to strike up to 350,000 silver dollar coins to honor the 100th anniversary of the establishment of the Girl Scouts of the United States of America (GSUSA). The coins will be minted and sold in 2013, marking [...]

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 [...]

2009 American Buffalo Gold Proof Coin Launches with Little Issues

October 30, 2009 by · Leave a Comment 

Today at noon ET the United States Mint began selling the 2009 American Buffalo Gold Proof Coin for $1,360.00, as it announced on Oct. 22. The one-ounce .9999 fine (24 karat) gold coin is expected to draw significant attention. The US Mint handled early demand in improved fashion compared to the collector blitz and resulting [...]

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

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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 [...]

Rio Tinto doubles 2010 capex to at least $5bn

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Global diversified miner Rio Tinto has doubled its planned capital expenditure (capex) for 2010 from the previously anticipated $2,5-billion to between $5-billion and $6-billion. The miner had previously expected to reduce its capex to a sustaining level of $2,5-billion, but said on Friday that it would now spend at least $5-billion in capex in 2010, [...]

Debt paydown still top priority for Teck

October 30, 2009 by · Leave a Comment 

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 [...]

Newmont negotiating with Indonesia govt as divestiture deadline looms

October 30, 2009 by · Leave a Comment 

Newmont Mining continues to hold talks with the government of Indonesia, ahead of a November 12 deadline for the sale of a total of 24% of the Batu Hijau copper/gold mine, CEO Richard O’Brien said on Thursday. The company understands that the local government will buy the initial 10% (the 3% and 7% stakes which [...]

For Harmony Gold, free cash flow remains elusive

October 30, 2009 by · Leave a Comment 

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

Rio Tinto to double capex spending next year to at least $5bn

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The group said the decision was taken after seeing signs of economic recovery and a decrease in its debt levels Read more….

Impressive new platinum group resource figures from Duluth

October 30, 2009 by · Leave a Comment 

The Duluth complex in Minnesota, U.S. hosts one of the world’s great polymetallic metals deposits and one of the key players is Canadian junior, Duluth Metals, which has just announced updated precious metals resource figures. Read more….

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