Certainly, the cost of capital for non-investment
grade gold mining companies has gone up and is a consequence of the new Basel three banking regulations and I think those two factors mean that new mine supplies will begin to decrease.
Not exact matches
It was the biggest deal in the
company's history, but last February it announced a $ 2.49 - billion writedown after finding out that the
gold at Red Back's Tasiast
mine was of a lower
grade than previously thought.
The Perth based
company has locked down an option to purchase a mothballed, fully permitted
gold mine that has historically produced around 250,000 ounces of
gold at an amazing average
grade of around an ounce to the tonne.
The
Company presently has initial resource statements on four heap - leachable deposits at the 100 % - owned Sterling
Gold Project, including the high -
grade, fully permitted Sterling
Mine.
Hecla
Mining Company [HL - NYSE] has launched a friendly bid to acquire Klondex
Mines Ltd. [KDX - TSX; KLDX - NYSE] and its three high -
grade gold mines in Nevada in a cash and stock deal... Read more»
«This biotechnique will help exploration and
mining companies search for underlying
gold deposits with relatively high
gold grades,» Wang remarks.
About Blog Roxgold is a
gold mining company with its key asset, the high grade Yaramoko Gold Mine, located in the Houndé greenstone region of Burkina Faso, West Afr
gold mining company with its key asset, the high
grade Yaramoko
Gold Mine, located in the Houndé greenstone region of Burkina Faso, West Afr
Gold Mine, located in the Houndé greenstone region of Burkina Faso, West Africa.