Allied Nevada Reports 2009 Net Income of $8.5 Million or $0.13 Per Share "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to report its financial results for the three months and year ended December 31, 2009, along with confirmation of its previously reported operating results and a reiteration of its 2010 Outlook." More | March 11
Goldcorp Operating Cash Flow Exceeds $1.2 Billion on Record 2009 Gold Production "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) 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." More | March 11
Northgate's Stawell Gold Mine Produces its Two Millionth Gold Ounce "Northgate Minerals is pleased to announce that the Stawell Gold mine produced its two millionth ounce of gold in the first week of March 2010. The mine hosted a special ceremony that was held at site, where local dignitaries and business representatives stood alongside past and present personnel at Stawell to celebrate this historic achievement." More | March 11
Kinross Announces Proposed Acquisition of Underworld Resources "Kinross Gold Corporation (TSX:K - News)(NYSE:KGC - News) and Underworld Resources Inc. ("Underworld") (TSX-V:UW - News) announced today that they have entered into a letter agreement whereby Kinross would offer to acquire 100% of the outstanding common shares of Underworld (the "Common Shares") by way of a friendly take-over bid, other than the 8.5% of the Common Shares already owned by Kinross (on a fully-diluted basis). Subject to the execution of definitive agreements, the board of directors of Underworld unanimously recommends the offer to its shareholders and the directors and management team have agreed to tender their shares to the offer. Pursuant to the terms of the letter agreement, Underworld has agreed to work exclusively with Kinross toward the conclusion of a definitive support agreement which is anticipated to be executed and delivered by the parties by March 15, 2010." More | March 11
NovaGold Announces Completion of US$75 Million Financing "NovaGold Resources Inc. (TSX:NG - News)(AMEX:NG - News) today announced that it has closed its non-brokered offering of 13,636,364 common shares of the Company at a price of US$5.50 per common share for gross proceeds of US$75,000,002 (the "Offering"), as announced on March 8, 2010. The Offering was made to Quantum Partners Ltd. ("Quantum"), a private investment fund managed by Soros Fund Management LLC, pursuant to a subscription agreement between the Company and Quantum. The Offering is in addition to the Company's US$100 million equity financing that closed on March 9, 2010, for total gross proceeds raised under the two financings of US$175 million." More | March 11
Almaden Minerals Ltd.: Tuligtic Copper Project Update "Almaden Minerals Ltd. (TSX:AMM - News)(AMEX:AAU - News) and its Mexican subsidiary Minera Gavilan S.A. de C.V. (together referred to as "Almaden") are pleased to announce results of a 2,973.05 meter seven hole preliminary diamond drilling program now completed at the Tuligtic copper-molybdenum project, Mexico. The Tuligtic project is located twenty-one kilometres north of Puebla State, and covers a large area of alteration and mineralisation including intense sericite-quartz-pyrite alteration and stockwork veining and potassic alteration." More | March 10
Update of Almaden's Exploration Activites and 2010 Corporate Objectives "Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM - News)(AMEX:AAU - News) wishes to provide shareholders details of its 2010 corporate and exploration plans and a brief review of its most important projects. Chairman J.D. Poliquin stated, "We have a portfolio of projects with outstanding potential and our company is now in an excellent position financially and technically to aggressively advance them." More | March 10
PDAC-Randgold CEO sees rangebound gold price in 2010 "The price of gold is likely to remain range-bound through the course of 2010, the head of Randgold Resources (RRS.L) said on Wednesday." More | March 10
Kimber announces mineral resource estimate for Carotare Deposit and provides Monterde and warrants update "Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) is pleased to announce a new, upgraded mineral resource estimate for the Carotare Deposit, located approximately 2 kilometres west of the Carmen Deposit, at its 100% owned Monterde project, located in Mexico's Sierra Madre mining district. This estimate is in addition to the Carmen mineral resource estimate reported on November 18, 2009 and the Veta Minitas mineral resource estimate reported on December 1, 2009." More | March 10
International Tower Hill Increases Indicated Resources at Livengood Gold Project, Alaska: Indicated Resource 9.3M Ounces of Gold @ 0.5 g/t Gold Cutoff "International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce the results of the updated independently prepared resource estimate for the Livengood gold project, Alaska. Data used in this resource update includes the final 64 drill holes completed in late 2009. Successful infill drilling targeted several previously un-estimated mineralized areas of the Northeast and Sunshine Zones of the deposit. Results are anticipated to have a positive impact on the strip ratio and mining economics (current low strip ratio of 0.8-1, waste-ore). The Money Knob deposit is still open in several directions (including at depth)." More | March 10
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Gold Company News
Saturday, March 25th: Bob Chapman, International Forecaster 
