Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.
Eldorado Gold Corporation ("Eldorado") ("the Company" or "We") (TSX:ELD)(NYSE:EGO)(ASX:EAU) today confirmed its intention to be removed from the official list of the Australian Securities Exchange ("ASX") effective at the close of trading on August 31, 2012 (Sydney time). Eldorado had previously announced on February 24, 2012 that it intended to de-list from the ASX (see news release 12-09).
If the board of the world's largest miner does not make a decision on the giant copper-gold-uranium-silver project in South Australia's outback by 8 December then it would lose all approvals and royalties concessions.
The raft of US economic numbers out this week and the stream of bad news emanating from Europe saw the gold price swing in a $40 an ounce range on Wednesday.
Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.
Australian Prime Minister, Julia Gillard, warned the mining industry that nationals not only want, but also deserve a share of the nation's resources boom and reminded its leaders they don't "own" the minerals of the country.
Pan African Resources (LON:PAF) has successfully concluded months of negotiations and has now entered into a deal with Harmony Gold to buy the operating Evander gold mine in South Africa. The acquisition will double Pan African's annual gold production to approximately 200,000 ounces.
