Jinshan Gold Mines changed its name to China International Gold Resources Corp Ltd
gold
As of 17 June 2010, Mr. Xiang Dong Jiang was chosen as a director of the Company. Mr. Jiang is also a management capacity as the vice-president of production. Read more
Canadian stocks extend gains as gold hits new record
The Canadian benchmark index closed higher for the third session in a row on Wednesday as a strong rally in gold prices buoyed miners.
Gold futures surged to a record, building on Tuesday’s gains on worries over the European rescue package. Gold for June delivery gained $22.80, or 1.9%, to $1,243.10 an ounce. See story on gold’s record run “Gold could quite easily go to a high of $1,425 this year. There is no technical resistance as such as we are in uncharted waters,” said Ross Norman, director at TheBullionDesk.com.
Gold producers were strong performers with PC Gold /quotes/comstock/11t!e:pkl (CA:PKL 1.44, +0.05, +3.60%) jumping 3.6% and Kinross Gold /quotes/comstock/11t!e:k (CA:K 19.66, +0.50, +2.61%) up 2.6%.
The S&P/TSX composite index /quotes/comstock/11t!i:isptx (CA:ISPTX 12,196, +195.36, +1.63%) climbed 195.47 points, or 1.6%, to close at 12,196. All sectors were in the green with the S&P/TSX Capped Information Technology Index /quotes/comstock/11t!i:itttk (CA:I:ITTTK 31.02, +0.87, +2.89%) surging 2.9% while the S&P/TSX Capped Industrials Index /quotes/comstock/11t!i:ittin (CA:I:ITTIN 100.97, +2.64, +2.68%) gained 2.7%. The S&P/TSX Capped Diversified Metals Index /quotes/comstock/11t!i:ittmn (CA:I:ITTMN 973.29, +24.63, +2.60%) rose 2.6% and the energy index /quotes/comstock/11t!i:itten (CA:I:ITTEN 288.97, +5.60, +1.98%) ended nearly 2% higher. Read more
Aura Minerals Releases New and Historical Drill Results
Aura Minerals Inc. is pleased to release nineteen further drill hole results and six historical drill hole results, from newly available historic drilling data, at its wholly owned copper-gold-silver Aranzazu Project in Zacatecas State, Mexico.
The most recent Aura Minerals drilling was designed to target zones along strike from the Arroyos Azules zone, which is the first area scheduled for mining as part of the planned restart of operations later this year. The drilling continues to show the high-grade potential of the Aranzazu Project ore body. Read more
Ivanhoe Mines Adopts Plan to Protect Shareholders’ Rights to Be Confirmed at Annual General Meeting May 7, 2010
The Board of Directors of Ivanhoe Mines Ltd. announced today that it has adopted a shareholders’ rights plan (the Plan) to ensure the fair treatment of all Ivanhoe Mines shareholders during any takeover bid for Ivanhoe’s outstanding common shares, or other transaction that would involve a change of control.
The Plan is effective immediately, subject to confirmation through a vote of shareholders at the annual general and special meeting to be held in Vancouver May 7, 2010.
David Huberman, Ivanhoe Mines’ lead independent Director and Chair of the Corporate Governance Committee, said the Plan is consistent with the company’s objective of enhancing value for shareholders. “The Plan is structured along the same lines as other shareholders’ rights plans that have been adopted by a number of leading Canadian companies. It is not in response to any specific initiative by any particular company and is not intended to prevent takeover bids that treat Ivanhoe Mines shareholders fairly.” Read more
Canadian Mining Stocks Moves the Khandaker Mining WorldTM Index
Khandaker Advisors & Co., a leading global Buy-Side Advisory and risk management firm, today announced the top contributors of the month of its proprietary Khandaker Mining World™ Index which has increased by 16.4% since its inception from average market capitalization of around C$650M to C$805M. The index and some of the members companies will be officially introduced to the Buy-Side community during Khandaker Mining World™ Institutional Conference on April 26-27, 2010. Because Khandaker Mining World™ Index is designed to use by mining focused investment managers and institutional investors of index funds and as benchmarks for both passive and active investment strategies. The recent increase in index was primarily fueled by the up-tick on in the Canadian mining equities, which contributed to the lion share of the top gainers. Read more
Canadian Mining Perspective: Barrick target of yellow journalism
Toronto’s Barrick Gold, being the world’s biggest gold miner, is also on the receiving end of the world’s worst media abuses. “Yellow journalism” has not gone out of style, and today the Internet provides the means of spreading disinformation worldwide at speeds unheard of a century ago.
Case in point. Headline: “Deadly toxin invades Barrick’s Dominican gold mine, Thousands hospitalized.”
Those are eye-catching words, but no more accurate than the picture of artisanal miners identified as the “Barrick Gold mine in Coui, Dominican Republic” used to illustrate the article.
The article posted at www.BusinessInsider.com went on to say that over 1,000 people were felled by an unknown chemical so toxic that health care workers who attended them had to wear masks. It also reported a boiler explosion at the site that may have been the root of the problem. Read more
