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News September 4, 2006

International Quotes (September 04, 2006)

Australia (A$) Aug 29 Aug 22 Change
Bendigo Mining 1.56 1.63 -0.07
Centamin Egypt 0.73 …

News September 4, 2006

Dividends (September 04, 2006)

Company Div. Pay Record
($) Date Date
First Quantum 0.095 Sep 5 Aug 22
as of 4 pm ET, Aug. 28, 2006 (%)
Bank of Canada 4.50
Target overnight rate 4.25
Canadian Prime 6.00
MICHELAGOA traditional Chinese ceremony in July 2005 marks the transfer of the bacterial oxidation plant in the gold-mining town of Laizhou, Shandong province, to Aussie miner, Michelago. The pillars in the background represent wisdom. And the women are holding trays of flowers, each with a pair of scissors to cut the opening ribbon. The BacOx plant, the largest of its kind in China, processes third-party concentrates at a rate of about 150,000 oz. gold annually and is key to an impending merger between Toronto-based Golden China Resources and Michelago.

News September 4, 2006

Golden China claws its way to production

A little known company that traces its roots to Hong Kong, is listed in Toronto, and is about to merge with an Australian firm that holds Chinese assets, has ambitions to become the largest foreign pr…

JINSHAN GOLD MINESConstruction of the boiler plant at Jinshan Gold Mines' CSH (217) gold project in Inner Mongolia, China. A feasibility study there envisioned a mine capable of producing about 117,000 oz. gold a year for the first nine years at a cash cost of US$253 per oz. The company hopes to start production by the end of 2006 or early 2007.

News September 4, 2006

Jinshan Gold aims for year-end startup

Vancouver — Mine development is rapidly advancing at Jinshan Gold Mines’ (JIN-V, JINFF-O) Chang Shan Hao (217) gold deposit, in the northern Chinese region of Inner Mongolia, following completion of…

MINCO MINING AND METALSVisitors tour Minco Silver's Fuwan silver project.

News September 4, 2006

Minco Silver plans scoping study for Fuwan project

As the first step toward an ambitious goal to become “China’s leading silver producer,” Minco Silver (MSV-T, MISVF-O) intends to carry out a scoping study to determine the viability of its Fuwan silve…

NEO ALLIANCELooking north across one of the open pits at Neo Alliance's Majiahe gold project in Gansu province, China. The company recently poured its first bullion from trial mining there.

News September 4, 2006

Neo Alliance pours gold from trial mining

Vancouver — Aspiring junior gold producer Neo Alliance Minerals (NAM-V) recently poured its first bullion from trial mining operations at the Majiahe project in Gansu province, China….

News September 4, 2006

Tianshan confirms new discovery

Australian explorer Tianshan Goldfields (TGF-L, TGF-A), pursuing a drill program on its Gold Mountain property in the Xinjiang-Uygur autonomous region (historically, Turkestan), has intersected severa…

INTER-CITIC MINERALSTrenching at Inter-Citic Minerals' 391-sq.-km Dachang gold prospect in west-central China's Qinhai province. The property is situated near the headwaters of the Yellow River, some 350 km southeast of the regional centre of Golmud in central China.

News September 4, 2006

Inter-Citic advances Dachang gold project

Toronto-based junior Inter-Citic Minerals (ICI-T, ICMTF-O) is making good progress in its third year of grassroots exploration at its Dachang gold prospect in west-central China’s Qinhai province….

News September 4, 2006

Ivanhoe posts Q2 loss

Vancouver — Accelerated exploration and development spending at its Oyu Tolgoi copper-gold deposit in southern Mongolia pushed Ivanhoe Mines (ivn-t, ivn-t) deeper into the red in the second quarter,…

News September 4, 2006

Goldrea drills gold at Daye

Canadian junior Goldrea Resources (GOR-V, GORAF-O) reports that the latest drilling on its Daye gold property near Rushan City in China’s Shandong province has extended the Jingkou zone another 200 me…

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