Randgold Resources Ltd. (Nasdaq: GOLD) recently reported mining at its new Tongon project in the Cte dIvoire and has also initiated the development of the second underground mine at its Loulo complex in Mali in line with its growth plan designed to boost attributable production to 1.2 million ounces in 2014.
Furthermore, Randgold Resources recently sold 5 million common shares in Volta Resources Inc (Volta) at a price of CAD$1.59 per common share on Wednesday 12 May 2010. The total proceeds payable to Randgold were CAD$7.95 million (US$7.80 million).
The cash proceeds received will be used for general corporate purposes. The management of Randgold has no on-going involvement with the Kiaka project or Volta and will continue to categorise the remaining Randgold investment in Volta as available-for-sale financial assets.
Randgold Resources is an African focused gold mining and exploration company with primary listings on the London Stock Exchange and Nasdaq.
For more information about this company (GOLD) please visit http://www.randgoldresources.com
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Goldcorp Inc. (NYSE: GG)
Recent News: Gold Prices Tiptoe Nowhere
GOLDCORP INC. (NYSE:GG) announced that it has completed the acquisition of 19,047,721 common shares of Evolving Gold Corp. by way of a private placement at a price of C$0.82 per share for aggregate gross proceeds to Evolving Gold of C$15,619,131.
After giving effect to the transaction, Goldcorp beneficially owns and controls approximately 15% of the outstanding common shares of Evolving Gold. Pursuant to the terms of the private placement, Goldcorp has the right, subject to certain conditions, to participate in future equity financings and certain non-cash transactions undertaken by Evolving Gold to maintain its relative interest in the Company, for a period of up to five years.
For more information abou t this company (GG) please visit http://www.goldcorp.com
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Orofino Gold Inc (Pinksheets: ORFG.PK) is a precious metals acquisition, exploration, and development company thats offering investors a golden opportunity.
When the dollar is devalued, the price of gold goes up as this metal becomes a safe haven for traders. Orofino Gold Corp. knows the value of gold in todays economy and has recently signed an option agreement to acquire several properties in Colombia, a current hot spot of gold production.
Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper. Orofino will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
ORFG is a precious metals acquisition, exploration, and development company.
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