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June 07, 2007
Glencairn Strengthens Operating Team
Glencairn Gold Corporation announced today two key appointments to further strengthen its operating team. David Bayona, P. Eng., MBA, has been hired as General Manager for Cerro Quema, an advanced gold project in Panama, and Milko Rivera, P. Eng., has been hired to provide technical and special projects support to the corporate and Central American offices.
"With these appointments we continue to build an operational and engineering group that will successfully support the accelerated pace of... (4 KB) |
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June 06, 2007
Vista Gold Corp. Announces Gold Resource Estimate for the Awak Mas Gold Project, South Sulawesi, Indonesia
DENVER, June 6 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex: VGZ - News; TSX: VGZ - News) is pleased to announce that, following the completion of drilling in late 2006, a new mineral resource analysis for the Awak Mas deposit on South Sulawesi Island, Indonesia, was completed on June 6, 2007, by Gustavson Associates, LLC of Boulder, Colorado, in accordance with Canadian National Instrument 43-101 standards under the direction of Mr. John Rozelle, an independent Qualified Person, utilizing s... (12 KB) |
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June 05, 2007
Oil Falls on Speculation U.S. Refineries Bolstered Fuel Output
By Mark Shenk
June 5 (Bloomberg) -- Crude oil fell on speculation that a government report will show that U.S. refineries increased fuel production.
Gasoline stockpiles increased 1.55 million barrels last week, according to the median of responses by 12 analysts in a Bloomberg News survey. Supplies of distillate fuel, a category that includes heating oil and diesel, rose 800,000 barrels, the survey showed. Prices also fell on reduced concern that Tropical Cyclone Gonu will curb oil shipmen... (3 KB) |
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June 05, 2007
Gold and Silver Futures Rise on Demand for Dollar Alternative
By Pham-Duy Nguyen
June 5 (Bloomberg) -- Gold and silver in New York rose as a decline in the value of the dollar boosted the appeal of the precious metals as alternative investments.
Gold generally moves in the opposite direction of the dollar, which dropped against the euro today on speculation the U.S. Federal Reserve won't raise interest rates anytime soon. Before today, gold had gained 6 percent this year as the euro climbed 2.2 percent against the dollar.
''The dollar is down agai... (2 KB) |
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June 05, 2007
Copper Drops on Speculation U.S. Manufacturing Demand to Slow
By Millie Munshi
June 5 (Bloomberg) -- Copper futures fell in New York, halting a three-session rally, on speculation that demand from the manufacturing sector will ease.
Orders placed with U.S. factories rose less than half the rate economists had estimated, the Commerce Department said yesterday. Copper used in electronics and industrial machinery accounts for about one-third of consumption. The metal gained 5 percent in the previous three sessions as global inventories dwindled.
''Fa... (2 KB) |
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May 30, 2007
Bellhaven Copper & Gold Signs USD$4 Million LOI with Golden Cross Resources for Los Hatillos Property Interest
Panama City, Panamá - May 30, 2007. Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with Golden Cross Resources Ltd. (ASX : GCR)("Golden Cross") of Australia to acquire an interest in Bellhaven's wholly owned Los Hatillos Concession. Under the terms of the agreement, which is to be completed on or before June 30, 2007, Golden Cross will incur exploration expenditures up to US$3.5 million... (3 KB) |
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May 30, 2007
Gold, Silver Futures Fall in New York on Interest Rate Outlook
By Pham-Duy Nguyen
May 30 (Bloomberg) -- Gold and silver prices fell in New York on speculation the U.S. Federal Reserve won't cut interest rates anytime soon, strengthening the dollar and reducing the appeal of precious metals as alternative investments.
Gold generally moves in the opposite direction of the dollar, which has risen 1.6 percent against a basket of six major currencies after falling on May 1 to the lowest level this year. Gold reached an 11-month high on April 20, before she... (2 KB) |
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May 30, 2007
Copper Futures Fall in N.Y. on Concern Chinese Growth Will Slow
By Millie Munshi
May 30 (Bloomberg) -- Copper futures fell for a second day in New York after China's stocks tumbled the most in three months, raising speculation economic growth may slow in the world's largest consumer of the metal.
The benchmark CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, dropped 6.8 percent after the government tripled the tax on securities transactions to cool a rally that has doubled the value of local stocks in 2007. Copper ... (2 KB) |
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May 29, 2007
Radius Announces Initial Sampling Results From Its Trebol Property, Nicaragua
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2007) - Simon Ridgway, President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to provide an update on recent work on a new gold discovery in northeast Nicaragua. Recent stream sediment and reconnaissance rock sampling within the Region Autonoma Atlantico Norte (RAAN) in northeastern Nicaragua identified vein float, and notable amounts of free, visible gold in stream sediment and quartz float in two areas. An appl... (4 KB) |
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May 22, 2007
Copper Drops in New York on Speculation Chinese Demand May Slow
By Millie Munshi
May 22 (Bloomberg) -- Copper futures fell in New York on speculation that demand may slow in China, the world's biggest consumer of the metal used in pipes and wires.
Stockpiles of the metal monitored by the Shanghai Futures Exchange have more than tripled this year, climbing to the highest in three years. Before today, copper had rallied 18 percent in 2007 on forecasts that growth in China would boost demand.
''With China basically looking like they're going to move to... (2 KB) |
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