Gold Stocks Investment: Premium Content | Gold Stock Bull

Thank you for your interest in Gold Stock Bull premium content. This area contains the GSB portfolio and newsletter. It is for premium subscribers only.Stock market news by Jason Hamlin ...

Hong Kong hosts vintage jewellery exhibition

A gold ring designed in the shape of a snake is one of the items on show to mark the launch of a new jewellery collection.

The item dates back to 1820 and is part of an exhibition of items from Renaissance Europe being held in Hong Kong to mark the launch of new products from watch and jewellery maker Chamuet, CCTV International reports.

Some of the pieces on display are up to five centuries old and many have not been shown to the public before, with more than 40 of the items on loan from private collections or museums.

According to the news source, the snake was chosen as it is a popular symbol in the jewellery sector, where it is often used to depict eternal love.

In related news, a collection of new jewellery from designer Hilary Druxman is currently on display at James Armstrong Richardson International Airport in the US, with 18-c gold pieces included in the range.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Solid gold sword up for auction in New Zealand

A sword made from solid gold is expected to fetch up to NZD 50,000 (£19,500) when it goes up for auction in the New Zealand city of Auckland.

The item, which is approximately one metre long, was given to the late prime minister of the country David Lange by the Emir of Bahrain, 3 News reports.

It was then sold on by his wife Margaret, but the item was mistaken for gold plating before it went under the hammer for the first time, auctioneer Christopher Devereaux told the news source.

"She took it to a valuer in Wellington who pronounced it to be gold plate. And then, on the basis of that, it was then sold by auction," he explained.

The wife of the buyer now put the sword up for auction again, with the sword expected to sell for between NZD 40,000 and NZD 50,000.

Another auction involving the precious metal is also set to take place in the UK, with a number of gold sovereigns discovered in 1974 expected to sell for around £6,000.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Jeweller to offer appraisal service for gold products

An online jeweller is offering third-party appraisals on items purchased by customers following demand from customers looking to invest in gold during the economic downturn.

GEMaffair.com is providing the service for a cost of $24.95 (£17.40), with owner of the store Michael Jansma insisting that the use of an external expert will avoid many of the problems associated with "unscrupulous" jewellers.

"With gold prices soaring and the instability of other markets, gold in any form is a viable investment choice," he stated, adding that jewellery has "long been more than just an accessory".

A market analysis of the item's value will be provided as part of the service, along with an assessment of the carat and quality of the precious metal.

Gold coins are also becoming a popular investment choice, with Reuters reporting that production is being increased at mints around the world in order to cope with the surge in demand.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Oyu Tolgoi site ‘a priority’ for Ivanhoe Mines

Finalising an investment agreement for the Oyu Tolgoi gold mine in Mongolia is to be a priority for Ivanhoe Mines during 2009, the company has announced

A draft agreement between the firm and the Mongolian cabinet has been agreed and Ivanhoe expects to receive approval from the Mongolia coalition government when it reconvenes in during the first week of this month.

According to the company's 2008 financial report, construction of the first shaft at the mine was competed in February of last year, with Ivanhoe spending $156 million (£108 million) on exploration expenses at the site during 2008, a "significant portion" of which was related to development of the project.

However, underground operations were reduced in November, with the workforce operating at the facility being cut by half.

In related news, rival mining company Minera Andes recently revealed that it recorded a profit at its San Jose site for the first time last year, despite making a $7 million loss.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Gold forms part of Baroque exhibition at the V&A

A number of gold items are on display at the Victoria and Albert Museum (V&A), London in a new exhibition about Baroque style.

As well as costumes from the period woven with an almost solid gold thread, a gilded Mexican altarpiece will be on display as part of Baroque 1620-1800: Style in the Age of Magnificence, the Times reports.

Explaining the Baroque culture, curator of the display Michael Snodin described it as "the first world style".

"It had its origins in Italy, Spain, France and Portugal, but it spread around the world," he said.

Visitors to the exhibition - which opens on Saturday April 4th - will also be able to see bells, encrusted chalices, cruets, crosses, candlesticks and tapestries from a recreation of the chapel of St John the Baptist in Sao Roque.

In 2007, the V&A hosted a celebration of the gold resources of the Asante kingdom in Ghana.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Private placement closed by Etruscan Resources

The second tranche of private placement has been closed by Etruscan Resources.

Proceeds of CAD$4.7million (£2.57 million) were collected after Etruscan issued 11,698,840 common shares to 2190776 Ontario as part of its CAD$10.5 million private placement scheme.

The initiative comprises 26,315,789 common shares as well as 6,890,741 warrants for aggregate proceeds, with the funds raised being used for general corporate purposes.

Each warrant holder has until July 15th 2010 to buy a common share at the cost of CAD$0.5478.

Etruscan stated that it will not seek further investments for another 60 days and will now discuss the future development and strategy of the company with 2190776 Ontario.

These discussions will also include the financing of the Agbaou gold project in Cote d'Ivoire.

Last week, Paramount Gold and Silver announced that it had closed its non-brokered private placement worth CAD$9 million through the sale of 12 million restricted units.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Newmont starts work on Sandman gold project

Drilling has commenced at the Sandman gold property in Nevada.

Newmont USA - a subsidiary of Newmont Mining - is completing the programme following a joint venture agreement with Fronteer Development.

Located along the King Rift structure, the Sandman site contains high-grade gold mineralisation in several locations along a 16km trend.

Fronteer president and chief executive Dr Mark O'Dea stated that the firm is "extremely pleased by the level of interest" from Newmont at the Sandman site.

"Among Fronteer's gold portfolio, the Sandman work programme is second only to Long Canyon in terms of project budget size," he said.

The $5 million (£3.48 million) project currently includes two active core drills and one active reverse-circulation drill, with 30 holes created on the property to date.

Fronteer recently unveiled a $14.1 million joint venture deal at its Long Canyon gold project in north-east Nevada, of which it owns 51 per cent.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

‘Further work needed’ at El Colorado property

Further investigations are needed at the El Colorado property in Sonora, Mexico, the president of Tumi Resources has stated.

David Henstridge announced the results of an investigation into the soil at the property and stated that the firm's senior geological staff are now preparing for the next programme of work at the site.

"Our continuing work in Sonora has identified a precious metal system in close proximity to a large historic gold mine and justifies immediate further work," he said.

Out of a total of 628 samples of soil collected by Tumi, ten were analysed for gold and returned results ranging from 0.01 to 0.36 g/t.

Furthermore, old drill sites were discovered by the firm at what is believed to have been as the El Frances site.

Tumi trades on the TSX Venture exchange and has completed a number of drill programmes in the Hostotipaquillo mining district, Jalisco State, Mexico.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Minera Andes outlines future potential

Minera Andes has highlighted its potential for growth in the gold industry this year, despite announcing a net loss of $7 million (£5 million) for the 12 months until December 31st 2008.

The company stated that $1.96 million of income from 2008 came from operations at its San Jose mine, which started production in January of last year.

President of Minera Andes Allen Ambrose said he was "delighted" that profits have been recorded for the first time at the San Jose site.

Furthermore, he outlined the potential for profits in the year ahead, stating: "With the mine expansion behind us now, we look forward to participating in its growing profits as a result of higher production rates, lower operating costs and potentially higher gold and silver prices."

Recently, the company announced that James Duff will be joining the firm as its chief operating officer.

The professional geologist has previously worked for Coeur d'Alene Mines.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Next Page »