Mining Companies Exploration and Investment News

Goldcorp Inc. today reported gold production of 601,300 ounces at a total cash cost(1) of $289 per ounce for the quarter ended December 31, 2009. Fourth quarter adjusted net earnings(2) amounted to $182.7 million, or $0.25 per share, and operating cash flows before working capital changes(3) for the fourth quarter was $307.6 million or $0.42 per share. For the year, Goldcorp produced 2.42 million ounces of gold at a total cash cost of $295 per ounce, generating adjusted net earnings of $588.2 million or $0.80 per share and operating cash flows before working capital changes of $1.2 billion or $1.61 per share.
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Australian gold output rose 14 percent in the fourth quarter last year, helped by Newmont Mining Corp.’s Boddington mine, confirming the country as the world’s second-biggest producer, a research group said.

Gold production in Australia rose to 62 metric tons during the three months to Dec. 31, Melbourne-based Surbiton Associates Pty said in an e-mailed statement. (continue reading…)

Official Xinhua news agency reported China’s domestic gold production increased year reached 313.98 tons increased 11.34 percent. China’s domestic gold production from the mine site located in the province of Shandong, Henan, Jiangxi, Fujian and Yunnan. Gold production from the five provinces to reach a total 59.48 percent of China’s domestic gold production.
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Official Xinhua news agency reported China’s domestic gold production increased year reached 313.98 tons increased 11.34 percent. China’s domestic gold production from the mine site located in the province of Shandong, Henan, Jiangxi, Fujian and Yunnan. Gold production from the five provinces to reach a total 59.48 percent of China’s domestic gold production.
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Century Peak Metals Holdings Corporation is entering into negotiations with Guangdong Province Gold Corporation on drilling contracts over existing and prospective mining properties of CPMHC’s subsidiaries.
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An impending mining boom in Eritrea will challenge oil-rich neighbours to make it easier for foreign companies to prospect across a massive geological structure in the region rich in base metals and gold, analysts say.
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Vinasale gold mine is a gold mine located in Mining District in central Kuskokwim McGrath, Alaska. Mining site is estimated to have mining potential large enough. Placer gold deposits associated with some of these intrusions and recorded a total production of 2.5 million ounces.
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Gold Canyon Resources Inc. is pleased to announce that it has recently completed the comprehensive review of its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada.
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