In this issue: Asian demand for gold is still determining gold price, while the US$ gold testing 2011 downtrend, and the latest Martin Place Securities (MPS) portfolio and gold sector universe. Read this latest Dawes Points to better understand investing in the resources sector.
In this issue: key stocks are providing outperformance, gold demand remains robust, and we talk about the mixed results in the gold sector. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
The technical evidence is mounting for a significant change in market sentiment for gold and the gold sector in North America and in Australia. The evidence may still be tentative but important changes seem to be underway in a number of markets.
Asian Activities Report for October 13, 2011: Latrobe Magnesium (ASX:LMG) Moves Towards Bankable Feasibility Study
Asian Activities Report for October 13, 2011 includes: Latrobe Magnesium Limited (ASX:LMG) has completed its Pre-Feasibility Study of a plant to produce 10,000 tonnes of magnesium per annum from the brown coal fly ash at the Latrobe Valley's Hazelwood power station; Northern Star Resources Limited (ASX:NST) today announced the most spectacular resource extension drilling results yet at its Paulsens Gold Mine in Western Australia; Deep Yellow Limited (ASX:DYL) has completed a maiden Mineral Resource estimate for its MS7 Prospect in Namibia; MOD Resources Limited (ASX:MOD) has reached an agreement with a wholly owned subsidiary of OceanaGold Corporation (ASX:OGC) to earn up to 80% of New Zealand's largest undeveloped gold deposit, Sams Creek.
The Board of Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that Mr Jake Klein has accepted the position of Executive Chairman of the Company. Mr Nicholas Curtis and Mr James (Jim) Askew will also be appointed to the Board as Non Executive Directors. The appointments are subject to shareholder approval and will take effect on the date of an Extraordinary General Meeting (EGM) to be called as soon as practicable.
OceanaGold Corporation ("OceanaGold" or "the Company")(ASX: OCG) is pleased to announce that, subject to final approval by its partner financial institutions, the Company intends to restructure its gold hedge facility. Currently the Company has 320,000 ounces forward sold at NZ$773 / ounce expiring in 2010. The current facility calls for 113,712 of these ounces to be delivered at NZ$773 / ounce in 2008.
Oceana Gold Limited (ASX: OGD) - 2006 Year End Financial Results - Mr Stephen Orr, CEO; Boardroomradio is pleased to announce that Oceana Gold Limited (ASX: OGD) has published an audio file.
Oceana Gold Limited ASX: OGD - Oceana Gold & Climax Mining Merger Conference Call - Mr Steve Orr, CEO
Oceana Gold Limited (ASX: OGD) - Oceana Gold & Climax Mining Merger Conference Call - Mr Steve Orr, CEO; Boardroomradio is pleased to announce that Oceana Gold Limited (ASX: OGD) has published an audio file.
Oceana Gold Limited Excellence in Mining & Exploration Conference<br/> ASX: OGD - Mr James Askew, Chairman
Oceana Gold Limited Excellence in Mining & Exploration Conference<br/>(ASX: OGD) - Mr James Askew, Chairman; Boardroomradio is pleased to announce that Oceana Gold Limited (ASX: OGD) has published an audio file.
Merger player, Oceana Gold Limited, says its proposed marriage with Climax Mining should start delivering increased production of around 555,000 ounces of gold equivalent by 2009 from their combined New Zealand and Philippines assets.