subject: Gold Prices Lose Their Luster: Gold, Gg, & Orfg.pk [print this page] n100000682680362_5542 n100000682680362_5542
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Recent News: Gold Prices Lose Their Luster
Randgold Resources Ltd. (Nasdaq: GOLD) recently reported mining at its new Tongon project in the C'te d"Ivoire 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) recenty declare its seventh monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, July 15, 2010 will be entitled to receive payment of this dividend on Friday, July 23, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
For more information abou t this company (GG) please visit http://www.goldcorp.com
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orfg
Orofino Gold Inc (Pinksheets: ORFG.PK) is a precious metals acquisition, exploration, and development company that"s 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 today"s 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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