Gold

Canadian Atlanta Gold Corp (TSX:ATG) announced the U.S. Forest Service (USFS) approved the supplemental plan of operations submitted by the company's wholly-owned subsidiary, Atlanta Gold Corporation ("AGC"), for the 900 Adit Closure and Reclamation Plan pertaining to short-term water treatment and evaluation at its gold project in Idaho.

Canadian Yukon-Nevada Gold Corp. (TSX:YNG) reported it slipped to a loss in its second-quarter due to the absence of prior year's gain and higher costs.

Myanmar —until recently called Burma— is slowly but steadily starting to attract foreign investment, driven mainly by international resource firms eager to tap into the mineral-rich South East Asia's country.

Russian gold miner Highland Gold said Friday it is on track to meet its full-year output target of 200,000-215,000 troy ounces of gold and gold equivalents.

Russian gold reserves represents roughly 10% of the world's total supply. However, foreign companies are leery to move into a country that regulates gold reserves over 50 tonnes to be that of 'federal significance'.

According to Louis James, the senior editor of the International Speculator and Casey Investment Alert, the manic highs and lows of the market are good for those who have mastered the discipline of buying low and waiting.

While timing exactly when the rebound will happen is impossible, Marshall Auerback, director of Pinetree Capital, believes now is the time to pay the gold market renewed attention.

Record cash flows in Q2 boosted the company's cash pile to $1.1 billion before it doled out $500 million to Hudbay this week. It also has an untapped $400 million credit facility.

Q2 highlights include gold production of 92,003 ounces, a new quarterly record, operating cash flow of $55.7 million and record mill throughput and mined tonnage.