Fronteer announced that drilling by Newmont USA Limited, a wholly owned subsidiary of Newmont Mining, has intersected additional bonanza-grade, near-surface oxide gold at Sandman, one of three high-quality Nevada gold projects in Fronteer's future production platform.
While some opportunity funds aim for gold with new projects, others try to profit by turning around troubled buildings.
The route is a major highway in Quebec and its extension was included in Plan Nord, an initiative announced last month by mining firms and the provincial government to develop gold and other mining projects in northern Quebec.
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Goldcorp is a senior gold producer with operations and development projects situated in low political risk countries throughout the Americas.
Minera Andes had a cash flow from a 49% passive ownership in the San Jose Mine in Argentina, while US Gold had a development pipeline of projects.
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Kinross is a Canadian-based gold-mining company with mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the U.S., employing approximately 7, 500 people worldwide.
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She has a cool-kid inner circle, and the people in it get the cush assignments, the high profile projects, and all of the gold stars and accolades, whether they deserve them or not.
The sagging gold price has tarnished all but the lowest-cost projects.
Mine supply for silver is rising faster than for other metals, helped by an increase of by-product from gold-mining operations plus a number of major primary projects in recent years.
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With a portfolio of 26 operating mines and advanced exploration and development projects, Toronto-based Barrick Corporation is the largest gold mining company in the world.
In a May research report, Stifel's Mr. Topping urged big gold miners to drop their most expensive, and least attractive, projects and to return the money to stockholders through higher dividends.
Growing interest in gold has led many investors to participate in exploration spending and financing of projects, she said.
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Using that metric, the U.S. projects to come in second in both categories, with 35 gold medals, and 82 overall.
During the Friday conference call, company officials reported projects are in the works that give Newmont potential for annual gold production of some 7 million ounces by 2017.
Meanwhile, as gold prices rose in recent years, companies often turned to lower-grade projects that have higher per-ounce operating costs.
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There were also market disappointment s with some projects and mines, including write-offs by Agnico-Eagle Mines and Kinross Gold Corp.
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