Sunday, March 31, 2013

10 Largest Gold Mines

10 Largest Gold Mines

1. Grasberg Gold Mine is in the Indonesian province of Papua and produced 2,025,000 ounces of gold, according to the annual report of Rio Tinto Plc. The mine is majority owned by Freeport-McMoRan Copper & Gold Inc. Besides gold, it also produces silver and copper.
2. Muruntau Gold Mine is about 250 miles west of the capital in Uzbekistan. It is believed to have produced approximately 1,800,000 ounces of gold in 2012. The project is run by state-owned Navoi Mining and Metallurgical Combinat.
3. Carlin-Nevada Complex is in Nevada and produced 1.735 million ounces in 2010. It is owned by Newmont Mining Corp. and includes both open-pit and underground operations.
4. Yanacocha Gold Mine is in northern Peru and is the largest gold mine in Latin America with 1.46 million in 2011. It is run by Newmont Mining and owned by Newmont Mining and Buenaventurda, a Peruvian company.
5. Goldstrike (Betze Post) Gold Mine is northwest of Elko, Nevada and produced 1.24 million ounces of gold in 2012. It is owned by Barrick Gold Corp.
6. Cortez Gold Mine -- This mine, which is southwest of Elko, Nev., produced 1.14 million ounces of gold last year. It is owned by Barrick Gold.
7. Veladero Gold Mine -- This mine, which is in Argentina, produced 1.12 million ounces of gold last year. It is owned by Barrick Gold Corp.
8. Lagunas Norte Gold Mine is in north-central Peru and produced 808,000 ounces of gold. It is owned by Barrick Gold.

9. Lihir Gold Mine in Papua New Guineau, produced 790,974 ounces of gold. It is owned by Newcrest Mining Ltd.

10. Super Pit/Kalgoorlie is an open-cut mine in Western Australia which produced 788,000. It is 50-50 owned by Barrick Gold and Newmont Mining.
Boddington, Australia. Gold Production 741,000 oz in 2011. Newmont Mining.

Sunday, March 17, 2013

David De Gouveia - aka "coffintrader" nailed

Sickening ultra long term public chat site slug "coffintrader" has been nailed with prejudicial gusto by the ASC for manipulating paper.
"The Alberta Securities Commission (ASC) has found that David De Gouveia breached Alberta securities laws and acted contrary to the public interest by creating a false or misleading appearance of trading activity in, and artificial prices for, Magellan Minerals securities.

An ASC panel found De Gouveia engaged in a pattern of trading that involved: upticks (trading at a higher price than the immediately preceding trade); high closes (closing trades on an uptick); wash trades (acting as both seller and purchaser in the same transaction); and uneconomic trades (selling and then immediately buying shares at a higher price.)

In its decision, the ASC says that Gouveia published favourable commentaries, comments and blogs about Magellan Minerals Ltd. on the website Stockhouse.
Uptake? These be shark filled waters citizens and we have already proven conclusively what manner of horrid bottom-sucking scuzzy-bags are ready to take yer money. Mr De Gouveia thought fleecing sheeple was far better than actually working for a living ... welcome to the Venture exchange citizens.

Read more:

So we gave this matter the once over and our guy scores massive big points for being a dipchit, otherwise this is another waste of the regulator's time. The problem in Canadian securities has NADA to do with tards playing daily with board lot trading shenanigans.

Friday, March 15, 2013

Copper Fox - Lundin says buy, buy, buy, errr SELL !!!

Posing that question of the ages ... who actually listens to the dead dopey, useless "ANALysts", we have a superior blurb from Stockwatch regarding the touts from Mr. Brien Lundin ...

"Brien Lundin, in the February, 2013, edition of the Gold Newsletter, says sell Copper Fox Metals Inc., recently 80 cents. Mr. Lundin said buy four times between March, 2006, and August, 2008, at prices ranging from 37.5 cents to $1.14. He said sell in July, 2009, at nine cents.

Assuming an investment of $1,000 for each buy, selling the $4,000 position at nine cents yielded a loss of $3,364. Mr. Lundin said buy again in August, 2011, at $1.75 and in March, 2012, at $1.34. Assuming a $1,000 investment for each new buy, selling the $2,000 position at 80 cents yields a loss of $976.

In December, 2012, Copper Fox released a feasibility study for its Schaft Creek project (British Columbia), which estimates a net present value of $513-million.

Mr. Lundin says the NPV is not high enough to attract a financier, especially since the payback period is a long 6.5 years, and the lead time is also long at seven years. The editor says Schaft Creek is a large-enough asset for an entity looking to secure copper supplies for several generations -- an entity like China. Unfortunately it will take too long to develop the project and then start making money from it, especially under current market conditions. Mr. Lundin says sell the stock."

The Staffordshire Hoard

The Staffordshire Hoard is the largest collection of Anglo-Saxon gold and silver metalwork ever found. On July 5, 2009 Terry Herbert was searching an area of recently ploughed farmland near Hammerwich, Staffordshire with a metal detector and found the treasure. Over the next five days, enough objects were recovered from the soil to fill 244 bags. Eventually over 3500 items were recovered.

The hoard comprises about 5kg of gold and 1.3kg of silver and has been dated as early as the 6th century. The craftsmanship is elite and the items could only have originated from the highest levels of Saxon society. Most of the gold had been removed from the objects they were attached to, suggesting the hoard was a collection of battle trophies.

The area of Staffordshire where the hoard was found was part of the kingdom of Mercia in the 7th and 8th centuries. The site of the discovery is immediately south of Watling Street, and only 4km (2.5 miles) west of the important Roman staging post of Letocetum. Watling Street was a major Roman road that would have seen continued use in the Anglo-Saxon period. During the 9th century it marked the demarcation line between the Anglo-Saxon and Danish-ruled parts of England.
On 25 November 2009 the hoard was valued by the Treasure Valuation Committee at £3.285 million. It was acquired by the Birmingham Museum & Art Gallery and Mr. Herbert and Fred Johnson, the farmer on whose land the hoard was found, each received a half share.

In early 2013 news broke of the recovery of an additional 81 gold artifacts.

A gilt strip bearing a Biblical inscription in Latin is one of the most significant and controversial finds in the Staffordshire Hoard. Incised into each face of the strip is a verse from the Latin Bible (Numbers 10:35).

rise up, o Lord, and may thy enemies be scattered and those who hate thee be driven from thy face

Mr Dean said the new finds were ‘closely related’ to the original contents of the Staffordshire Hoard.





Sunday, March 10, 2013

AgoraScam for dummies and CUU.v Redux

The many offensive troubles with the GreekTard's AgoraScam ( have been documented here in stomach turning detail before of course, along with this monkey's MANY well founded misgivings about the highly overcapped Copper Fox Metals (CUU.v) Put the two halves together and what the public gets is 24/7/365 censorship of every fact of significance.

While most of us are waiting on the near certain fact Teck will be walking away from this white elephant, the censor corp on AgoraScam are knocking themselves out at the public's peril. Today we attempted to describe the rock solid relationship between LME copper inventories and the price of copper.

As most of us know its nearly a perfect direct inverse relationship. High inventories mean a falling commodity price. LME copper inventories have been rising exponentially and naturally copper prices have been squashed lately.

That manner of self evident truth is HIGHLY verbotten by the 24/7 censortards at AgoraScam and is removed without delay. THIS is the true character of horrid scumbag populating the AgoraScam website. The public is getting screwed daily by immoral chiteaters and this monkey has every reason to believe it's very likely still being directed by the CUU IR idiot.

And we aren't talking about an insignificant factor here either. The current "conservative" base case, (that sucks anus) assumes copper at $ 3.25. In the past 30 days copper has fallen from $ 3.80 to $ 3.50 with the trend very definately downward.

Another month like the last and even the pretention of economic is blasted to krapity pooh. This is a white elephant with copper at $ 3.80 and for 1000% guaranteed damn sure its a massive white elephant at $ 3.50 or less.

There was a near collapse in copper in early 2009 and LME inventories are only slightly lower now than they were then. At this rate inventories will exceed those from 2009 and the price of copper has nowhere to go but down.

Moral of our tale? Sometimes it sure as chit ain't rocket science and Copper Fox absolutely, positively qualifies. The paper is untouchable and the fact there are confirmed idiots spewing otherwise while censoring the truthful facts on AgoraScam, well, case bloody closed for damn sure. To join that club of utter scumbags is to lose your money, pure and simple.

This user has been banned for violating Agoracom's Six Rules of Use

Re: Copper under severe pressure

posted on Mar 10, 13 06:29PM Use the IP Check tool [?]
When copper inventories rise the price goes down. Its very simple.
Another month like the last, which appears more likely than not and copper prices will be nearly at the "base case" of $ 3.25

Saturday, March 9, 2013

The Muthoot Gold heist

The theft of 36kg of gold in Durgapur, India, on February 10, 2013, is perhaps the biggest heist in the state in recent memory. Armed robbers fled with jewellery and cash worth Rs.10 crore (Rs.100 million) from a gold financing company's office in the Uttar Pradesh capital, police said.

The heist took place in Alambagh when a gang of robbers barged onto the office of Muthoot Finance and held seven employees and the manager hostage and fled with the booty. The company gives people cash loans against deposits of gold and ornaments. Five persons, including a woman, were netted in Dhanbad on Wednesday in connection with the heist.

With this, the number of arrests in the case has reached 10. About 10 per cent of the 36kg in stolen gold has been recovered.

A chain is only as strong as its weakest link. A drunken man boasting about kilograms of gold in his possession was the first clue that led to the crackdown of the Muthoot dacoity incident. His rants were overheard by a crime branch constable Rajesh Singh near a liquor store in Alambagh area earlier this week. It was odd for a man of limited means to be in possession of several gold coins. The drunken man was the father of Mohammad Arif, the youth who participated in the heist. Arif had given a portion of the booty to his family members before absconding. His father came under the police radar when he was trying to sell the gold at a small-time jewellery store in Alambagh.