Austin, TX 11/6/2007 8:30:05 PM
Speak with other shareholders about: (OTCBB: MXOM), (NYSE: AUY), (NYSE: AU), (NYSE: GG).
Stockwire has been a leading provider of information on emerging growth companies for many years. In this special issue of our morning report, we will be focusing on
emerging growth Gold companies. Below are some of our focus stocks:
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Mexoro Minerals is a company that we feel extremely confident about and just recently wrapped up filming on a full length Stockumentary on the company. In this Stockumentary, we take the viewer on
an aerial journey over the Sierra Madre Gold Belt in Chihuahua, Mexico.
To view the Mexoro Minerals Stockumentary, visit http://www.stockwire.com .
CHIHUAHUA, Mexico, November 05, 2007:
Mexoro Minerals Ltd. (OTCBB: MXOM) release initial drill results from its Guazapares Project.
Mexoro is pleased to announce the latest results from the diamond drill program at the Guazapares project in the Temoris District, Chihuahua, Mexico.
The Guazapares project is dominated by flows and tuffs of rhyolitic- dacitic and in lesser amount of andesitic composition that may correspond to the upper portion of the Lower Volcanic series of
the Sierra Madre Occidental Volcanic Complex. Mineralization seems to be closely associated to a rhyolitic-dacitic intrusive body domal in shape and consisting of a series of sub-vertical,
brecciated, quartz-rich zones that outcrop within an area of 4 sq. km and have been trace for approximately 2 km. There are three main drilling targets identified inside the project area known as
San Antonio, San Francisco and El Cantilito.
A drilling program consisting of 27 diamond holes have been programmed to evaluate the Guazapares project. The drilling program has been designed to:
-- Explore the high-grade ore-shoots down plunge and along strike already identified within the Guazapares system,
-- Test for potential zones of high-grade or economic mineralization based on surface indications,
-- Gather information on the system regarding alteration patterns, metal zoning, level of erosion and vector to the most prospective areas of the system.
The drilling program commenced on the San Antonio area, where three diamond holes (GU-01, GU-02, and GU-03) have been drilled for 452.85 meters. All three holes intersected mineralization at a
depth of approximately 100 meters. Surface and underground sampling from the San Antonio adit indicate the mineralization to extend from surface to a depth of at least 135 meters with a true width
varying from 1.2 meters to 12 meters in thickness. The mineralized structure has a strike length of 800 meters and is open to the northwest and southeast as well as to depth, highlighting the
potential for high grade gold mineralization along strike and also beneath covered areas.
The holes GU-01, GU-02, and GU-03 have been focused on extending zones of high-grade mineralization encountered in the San Antonio adit. To date we have received assay results for the three
drillholes. Some of the highlights from this program are reported below including intervals which are reported here as drill hole intercepts.
You can find the details of the drill program at Yahoo Finance.
Diamond drilling of the San Antonio system encountered mineralization in the three drillholes. The highest grades occurred within vein-breccias, quartz veins and quartz stockworked veins exhibiting
multiple pulses of hydrothermal activity.
Analysis of the mineralization and alteration assemblages, structural setting and geochemistry of the San Antonio target area indicates that the high gold values tend to cluster in two main
mineralization styles:
1. Ore-shoots developed along the extensive San Antonio vein system.
2. Large and structurally controlled breccia bodies or structural zones developed in the intersections of mainly NW and NE trending faults and structures.
Holes GU-01, GU-02 and GU-03 confirm the emergence at San Antonio of one of the high-grade ore-shoot identified in the San Antonio adit where a new high grade gold zone in the underground samples
returned grades as high as 37 g/t gold and 1,000 g/t silver over 2 meters (press release May 22, 2007). These two drill holes also provide the evidence that the main mineralization tends to cluster
as ore-shoots controlled by mainly by the intersection of northwest, east-west, and northeast structures. Drilling continues to explore intense altered and mineralized areas and all ore-shoots
identified.
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TORONTO, ONTARIO, November 05, 2007:
YAMANA GOLD INC. (TSX: YRI)(NYSE: AUY)(LSE: YAU) today announced that it has taken up and accepted for payment an additional 13.3 million common shares of Meridian Gold Inc. as part of the ordinary
course extension of its offer. Together with the approximately 78 million shares previously taken up and accepted for payment, Yamana now owns 90,813,237 million shares, representing approximately
90 percent of the outstanding common shares of Meridian.
Yamana offered to acquire all of the outstanding common shares of Meridian on the basis of C$7.00 cash plus 2.235 Yamana common shares for each Meridian share. The Yamana offer commenced on July
19, 2007 and expired at 12:00 am (EST) on November 2, 2007.
Yamana expects to complete its acquisition of Meridian in the ordinary course through a plan of arrangement in which Meridian common shares not acquired under the Yamana offer will be acquired for
the same consideration as under the Yamana offer as is customary in transactions of this sort. Upon completion of the arrangement, Meridian will become a wholly-owned subsidiary of Yamana. Yamana
expects to complete the plan of arrangement by year end.
Yamana:
Yamana is a Canadian gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina and Central America. With the
purchase of Meridian Gold, the company now also owns mines and properties in Chile, Mexico and the United States. Yamana is producing gold at intermediate company production levels in addition to
significant copper production. Yamana's management plans to continue to build on this base through the advancement of its exploration properties and by targeting other gold consolidation
opportunities in the Americas.
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JOHANNESBURG, SOUTH AFRICA, November 02, 2007:
AngloGold Ashanti (NYSE: AU) reported improved gold production for the third quarter of 1.43 million ounces, which was 6% higher than the previous quarter. Cash costs were however also 7% up
quarter-on-quarter, at $357/oz. The cost increase came on the back of the annual wage increases and higher power tariffs in South Africa and Ghana, inflationary pressure on consumables, increased
royalty payments and stronger local operating currencies. Production and costs for the third quarter were in line with guidance published by the company on 1 October 2007.
In respect of earnings, the company reported adjusted headline earnings of $81 million or 29 US cents per share, which was comparable to the prior quarter. On an unadjusted basis, which does not
strip out the non-cash accounting effects of accruing for hedge movements relating to the significant gold price increase seen over the quarter, together with the accounting treatment of the
convertible bond, the company posted a headline loss of $312 million.
The company also announced the purchase of the 15% minority interest in Iduapriem mine, in Ghana, resulting in the operation now becoming wholly owned.
Commenting on the results, Chief Executive Officer Mark Cutifani noted, "Our most important priority is the pursuit of a safe operating environment for all our employees. There is significant work
being done and I am confident that we can create a new standard to which all employees will manage together, and for each other. I am sure that with improved safety will come sustainable
productivity improvements."
Cutifani also commented that "in terms of our financial results, we have to focus on delivering on our commitments and we have work to do as a company to ensure that our investors see improved
performance going forward."
The full quarterly report can be found on the AngloGold Ashanti website at www.anglogoldashanti.com .
AngloGold Ashanti Limited:
For the nine months ended 30 September 2007, AngloGold Ashanti Limited's revenues increased 10% to $2.42B. Net loss from continuing ops. totaled $183M vs. an income of $30M. Revenues reflect an
increase in gold sales and higher gold prices. Net loss reflects an increase in corporate administration & other expenses, higher exploration costs, increased other operating expenses and a rise in
finance costs & unwinding of obligations.
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VANCOUVER, BRITISH COLUMBIA, November 05, 2007:
GOLDCORP INC. (TSX: G)(NYSE: GG) is pleased to declare its eleventh monthly dividend payment for 2007 of $0.015 per share. Shareholders of record at the close of business on Friday, November 16,
2007 will be entitled to receive payment of this dividend on Friday, November 23, 2007.
Pursuant to new tax legislation, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such
dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Its gold production remains 100% unhedged.
Goldcorp Inc.:
For the six months ended 30 June 2007, Goldcorp Inc.'s revenues rose 38% to $1.07B. Net income fell 55% to $127.8M. Revenues reflect an increase in revenues from Red Lake & La Coipa and the
presence of income from El Sauzal & Marlin divisions. Net income was offset by higher depreciation & amortization charges, an increase in exploration expenses, a decrease in interest & other income
and increased interest expense.
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As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
To see the complete Movers & Shakers Blog go to: http://www.stockwire.com .
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