Active Stocks to Watch in the News: VIPR Industries Inc. (PINKSHEETS: VIPR), Quest Minerals & Mining Corp. (OTCBB: QMNM), Lihir Gold Ltd (NASDAQ: LIHR), Nevsun Resources Ltd. (AMEX: NSU), Barrick Gold Corporation (NYSE: ABX)
Featured Stock: VIPR Industries Inc.
(PINKSHEETS: VIPR)
Current Price (0.63)
http://www.WallStreetStockReview.com
Opportunity Snapshot
VIPR Industries Inc. is a growing mining company working to develop two highly prospective gold and uranium properties in stable, mining-friendly and mineral-rich Tanzania. VIPR Industries’ wholly owned Singida Gold Property is located in Tanzania’s Singida Gold Belt adjacent to Shanta Gold Limited’s newly discovered gold deposit. Drilling results from Shanta Gold’s property indicate a resource of more than 543,000 ounces. VIPR Industries reports its Singida Gold Property is located along strike from the Shanta Gold discovery area and displays characteristics similar to Shanta’s newly found Gold Tree and The Jem deposits.
VIPR Industries has also acquired the high quality Itigi/Manyoni Uranium Property. Radiometric surveys have identified anomalies indicating fourteen zones highly prospective for uranium on the company’s claims.
VIPR Industries is ideally positioned in the resource sector where demand and prices for both gold and uranium are rising, along with profits for producers. Gold, which offers investors a safe haven and store of value in uncertain financial times, has gained 47% in the past year. The gold market is achieving record growth, boosted by a 76% spike in oil prices, stocks at 21-month lows, increasing weakness in the dollar, ongoing credit market crises, inflation’s climb above 10%, rising gold demand, and a drop in global gold production to its lowest level since 1937.
The market for uranium, the fuel source for nuclear power plants, is growing dramatically. Global energy demand is forecast to rise 50% by 2030, with the non-OECD countries increasing consumption by a staggering 85%, according to the U.S. Department of Energy. Nations worldwide are increasingly embracing clean, emissions-free nuclear power in order to secure reliable large-scale energy supply and combat climate change. Today 439 nuclear reactors in 31 countries generate more than 16% of the world’s electricity supply. Worldwide 35 new plants are under construction, 91 are planned, 228 are proposed, and many existing plants are significantly expanding capacity, according to the World Nuclear Association. The International Atomic Energy Agency estimates nuclear power will expand from 372 GWe today to 509-663 GWe by 2030. Such growth would cause uranium demand to increase from 66,500 tonnes per year to between 94,000 and 122,000 tonnes.
Market fundamentals for both gold and uranium point to significant demand-driven price increases which should, in turn, lift the value of the companies developing the resources. With its experienced management team, highly prospective gold and uranium assets and aggressive exploration objectives, VIPR Industries offers investors an excellent opportunity to participate in not one but two rising bull markets.
Key Investment Highlights
Þ VIPR Industries has gained a significant foothold in Tanzania’s rapidly expanding mineral industry with the acquisition of a high quality gold prospect and a premier uranium property.
Þ VIPR Industries’ Singida Gold Property is adjacent to Shanta Gold Limited’s newly discovered deposit where drilling indicates a resource of more than 543,000 ounces of gold.
Þ Given the regional geology VIPR Industries believes similar gold mineralization is likely to occur on its Singida Gold Property.
Þ Small-scale artisan miners are working throughout the Singida district, indicating ore grade gold mineralization on the surface.
Þ On the company’s Itigi/Manyoni Uranium Property radiometric surveys have identified anomalies in 14 zones within the license area featuring high uranium counts.
Þ VIPR Industries expects to begin exploration and development of its mining claims within the third quarter of 2008.
Þ Mining companies are discovering almost two million ounces of gold annually in Tanzania, which has become the 3rd largest gold producer in Africa. (World Gold Council, July 10, 2008)
Þ Tanzania offers the exploration industry a favorable investment climate and low-risk operating environment with significant potential for new discoveries. The Tanzania Geological Survey reports many commodities are still highly under-explored.
Þ Mining production and revenues are ramping up as mining companies target Tanzania’s unexploited resources. Mineral exports are estimated at nearly $900 million per year. (The Citizen, “Mining firms”, May 16, 2008)
Þ VIPR Industries has retained independent accounting and audit firm Chisholm, Bierwolf and Nilson to complete an audit for 2006 and 2007. The audit lays the groundwork for a near-term listing on a higher exchange.
Þ Effective May 16, 2008 VIPR Industries completed a forward stock split which the company reports was executed in anticipation of future initiatives, including a filing for a listing on the National Association of Securities Dealers Over-the-Counter Bulletin Board (OTC: BB).
Þ The International Atomic Energy Agency (IAEA) projects an increase in uranium demand from 66,500 tonnes per year to between 94,000 and 122,000 tonnes by 2030 as nuclear power generation expands worldwide.
Þ The price of uranium is holding steady at $64 per pound as of July 22, 2008. Uranium generated an 1108% increase in 7 years, from $7.45 per pound in September 2000 to $90 in September 2007, and subsequently hit an all-time high of $138.
Þ The gold sector is reaching 26-year highs. Gold prices are up 50% since August of last year as investors seek a safe haven from rising inflation and stock market volatility. The price of gold is hovering near $1000 per ounce, at $945 as of July 22, 2008.
Junior mining company Mantra Resources recently announced promising results from initial drilling at its Mkuju River uranium project in Tanzania. The Australian-listed company is hoping development of the Mkuju River project will enable it to become the world’s next mid-tier uranium company. Mantra’s share price has tripled on the ASX over the past year. (MiningMX, “Uranium focus turns to Tanzania”, June 17, 2008)
High Potential Gold and Uranium Projects
Mining companies operating in politically stable Tanzania receive a wide range of incentives, tax breaks and investment protection guarantees. The east African country has attracted $2.5 billion in investment in the sector since 1998. Tanzania is the third leading gold producer in Africa after Ghana and South Africa. Over the past five years, Tanzania has exported more than $2.5 billion worth of gold. (MineWeb, June 16, 2008)
Singida Gold Property
VIPR Industries has acquired 100% ownership of 8 Primary Mining Licenses (Pml) covering 75.8 hectares in the Singida Gold Belt of central Tanzania. The company has also secured the opportunity to purchase an additional 8 mining licenses.
VIPR’s Singida Gold Property is located next to and along strike from the Shanta Gold discovery area, where drilling indicates a 543,000+ ounce resource. VIPR reports its property displays similar characteristics to Shanta’s newly found Gold Tree and The Jem deposits.
On March 23, 2008 Shanta Gold announced in its year-end report that the company is focusing on its Singida gold property where it has discovered a major greenstone belt. The total gold resource is estimated in excess of 543,000 ounces, of which 330,000 ounces have been classified as measured and 127,000 ounces as an indicated resource (at a 0g/t cutoff).
Shanta Gold further reports that with the average grade estimated at 1.42g/t, this approximates to a cost of exploration of around $26 per resource ounce. Shanta Gold has also identified an additional +2km strike for testing.
Singida Gold Geology
· Archean Greenstone Belt
o Similar in age and environment to Red Lake, Ontario
§ The Red Lake Area is one of the most prolific gold regions in the world. The area hosts several gold mines, where the combined production and remaining proven resources are more than 30 million ounces of gold.
o Within the greenstones are sheared zones with cataclasites and mylonites sequences as potential hosts for mineralization.
· High Grade Narrow Quartz Vein Gold Mineralization
o Visible Gold (Vg)
· Gold Mineralization In Wider Fault/Shear Zones
· Potential For Lower Grade Mineralization In Wall Rocks
· Potential For Surface Gold Concentration In Surface Silicrete
Gold was only recently discovered in the Singida District, found by small scale artisan miners in the early 1990s. The gold mineralization in the region was confirmed and expanded by the Tanzanian Geological Survey in 2002.
Artisanal small scale mine workings, which indicate ore grade gold mineralization on the surface, are a very positive indicator of a site’s potential. Around the world almost all current large scale gold mines began by locating the artisan workings and then expanding exploration efforts. Examples within Tanzania are Bulyhulu, Geita, North Mara, Golden Ridge, Buckreef, Golden Pride, Buzwagi and Nyakafuru gold mines. VIPR’s Singida property has been worked by artisan miners for years.
Itigi / Manyoni Uranium Prospect
VIPR Industries’ Itigi/Manyoni Uranium Prospect is comprised of 170,000 hectares in richly mineralized Tanzania.
According to the company radiometric surveys have identified a total of 14 high potential uranium zones meriting follow-up. Most of the anomalies lie on the superficial aspect comprised of undifferentiated soils within the kilimatinde cement.
The radiometric survey data reveals the license area lies in a zone which has a mean uranium count of 36, mean total count of 2000, high uranium count of 52, u/th ratio of 1.02 and u/k ratio of 1.53. A total four point source which is significantly high falls in the license area. Point source 141/31 of uranium count 52cps, 141/49 of uranium count of 45, 141/44 of uranium count 47 and 141/53 with uranium count of 44.
In areas where uranium occurs, it is related to late phase differentiates of pegmatite and aplitic granites. Ground follow up on the radiometric survey and the accompanying pitting uncovered pegmatite and aplites.
Uranium bearing granites are known to be a source of uranium deposits both in duricrust and in sedimentary sequence. The depth of erosion in these granitic rocks enhances the economic potential of the deposit.
Tanzania’s Favorable Socioeconomic Climate & Thriving Mining Sector
The United Republic of Tanzania is in Eastern Africa, bordering the Indian Ocean, between Kenya and Mozambique. Tanzania is endowed with rich geology hosting gold and other minerals, a stable government and favorable investment policies.
Tanzania achieved real GDP growth of nearly 7% in 2007. Long-term growth has been promoted by a rise in industrial production and a substantial increase in mineral output led by gold. Solid macroeconomic policies, continued donor assistance and recent banking reforms have helped increase private-sector growth and investment. (CIA World Fact Book, updated July 15, 2008)
Tanzania has achieved accelerated growth in gross domestic product, to an average annual rate of 7% since 2000, against a background of low and stable inflation. Underpinning this positive macroeconomic performance are comprehensive policy and structural reforms, combined with efforts to promote good governance. [United Nations Conference on Trade and Development (UNCTAD), January 2008]
Mining is one of the fastest-growing economic sectors in Tanzania and contributes roughly half of its foreign exchange and around 3.2% of GDP. Tanzania is the third largest producer of gold in Africa with over 30 million ounces of gold resources discovered in Tanzania in the past five years. (Ross, African Review of Business and Technology, May 07)
According to Tanzania Mining Report 2008 published by Business Monitor, the mining industry of Tanzania is forecast to register an average growth rate of 6.08% through 2012.
Tanzania’s Mineral Wealth
According to the Geological Survey of Tanzania, the nation has significant potential for new discoveries as many commodities remain highly under-explored. Much of the present exploration activity is concentrated in gold, base metals, platinum group metals (PGM), uranium, gemstones, diamonds and industrial minerals. Tanzania has excellent geological databases, good infrastructure, attractive mineral policy and readily available exploration services.
All discoveries and prospects are developed by the private sector through licensing by the Ministry of Energy and Minerals. Under the Mining Policy, 1997, the government has no role in the mining business, but is only promoter and facilitator.
A New Gold Rush for Mining Companies
Since the 1990’s, Tanzania has risen from an insignificant gold producer to become Africa’s third largest gold producing country. Gold production in 2003 was about 1.3 million ounces and resources of more than 45 million ounces have been discovered in the Lake Victoria Goldfield. (Tanzania Investment Forum, Investment Opportunities in Tanzania, October 2006).
Many of the world’s top international mining companies are currently at work within Tanzania’s borders. For example, the Bulyanhulu deposit, drilled and developed by Sutton Resources, was purchased by Barrick Gold in 1999. The Bulyanhulu mine was completed in 2001 and produced 242,575 oz. of gold at a cash cost of $197 per ounce in its first year.
The Geita Mine which is a joint venture between Ashanti Gold and Anglo Gold produces 545,000 oz. per annum.
Resolute of Australia’s Golden Pride Mine produces 216,000 oz. per year.
MDN INC. (TSX: MDN) recently announced its Tulawaka Gold Mine in Tanzania produced 54,251 ounces of gold in the fourth quarter ended December 31, 2007, a quarterly production record. Tulawaka gold production reached a total of 178,618 ounces in 2007, compared to
139,655 ounces in 2006, a 28% production increase. Since the beginning of operations in March 2005, Tulawaka gold production now amounts to a total of 443,883 ounces.
The world’s number-one gold producer Barrick Gold Corp reports production at its Buzwagi gold project in Tanzania will commence in the second quarter of 2009. Buzwagi is Barrick's fourth gold project in this east African nation and has proven and probable reserves pegged at 3.6 million ounces. It is budgeted to produce 250,000 to 260,000 ounces of gold per year total cash costs of US$270-US$280 per ounce in its first five years. (MineWeb, “Barrick Gold to pour first gold at Buzwagi mid-2009”, February 21, 2008)
Uranium Mining Heats Up
The presence of uranium minerals in Tanzania has been known for many years. However, prior to recent airborne radiometric surveying, few occurrences were considered to have economic potential. An official airborne geophysics survey has identified over one hundred targets worthy of further investigation.
Paladin Resources (ASX, TSX.V:PDN) is active in the Tanzania extension of the Malawi Kayelekera Uranium Zone. The Karoo system in southern Tanzania continues into Malawi separated by Lake Nyasa. This has been confirmed with Paladin's discovery of the Kayelekera Deposit (a roll-front deposit), which has a 43-101 compliant current resource of over 25,000,000 pounds of U3O8. Paladin has recently had its bankable feasibility study approved, and is due to go into production in late 2008.
Other mining companies exploring in the area include Atomic Minerals Ltd. (ATL: TSX-V), Universal Exploration, Western Metals and Mantra Resources.
Market Opportunity
"This is not the time to be in stocks or non cash-flowing real estate. As investors we are in the rare situation where the safest investment (the investment that has been a valued form of wealth for over 5,000 years) is also the investment that history says will offer the greatest potential gains in the upcoming years: Gold." --Mike Maloney, Gold & Silver, Inc.
Rising gold and uranium demand combined with VIPR Industries’ highly motivated and experienced team, smart acquisitions and aggressive exploration strategy have created a tremendous opportunity for shareholders.
Gold
The gold sector is achieving record growth, gaining 47% in the past year according to Bloomberg. The price of gold rose more than 30% in 2007 and broke through the all-important $1000 mark to hit $1030 per ounce in March 2008.
Gold acts as a safe haven investment during financial market turbulence and a hedge against inflation and a weak dollar. Slowing economic growth, a loss of purchasing power, and continued uncertainty over the financial system may boost demand for the precious metal, asserts Stephen Platt, commodity analyst at Archer Financial Services Inc. in Chicago. “There's a general attraction to gold, given the uncertainty with other financial instruments,” Platt said. “Real interest rates are negative and the Fed is walking a fine line between growth and trying to restrain inflation.” (Bloomberg, July 16, 2008)
On July 15, 2008 the dollar reached a record low of $1.6038 per euro. The Labor Department reported consumer costs rose 5% in the past year, the biggest jump since 1991. And the Standard & Poor's 500 Index of equities fell to the lowest level since 2005. (Bloomberg, July 16, 2008)
Gold is poised to revisit $1,000 an ounce as investors look for a safe haven. Bullion hit a four-month high on July 15, 2008 at $987.75 and is up 18.5% since the start of the year. It is also gaining value in other major currencies, showing strong demand from investors around the world for the precious metal. (Reuters, “Gold shines amid market turmoil, targets $1,000”, July 16, 2008)
"There is lot more upside for gold," says Thomas Winmill, manager of the Midas Fund (MIDSX), one of the top-performing precious metals funds, with a three-year average annual return of 42%. Winmill thinks gold could see $1,500 in 12 months. (MSN Money, “5 reasons gold is headed to $1,500”, April 2, 2008)
Managers of the 2nd-best-performing gold fund, U.S. Global Investors Gold and Precious Metals Fund (USERX), believe gold will go to $1,500 and to $2,000 in the next leg up.
The Motley Fool reported February 22, 2008: “The intermediate and junior gold and silver producers will outperform the industry giants over the coming months and years.” The heavyweights like Goldcorp and Newmont are under pressure to sustain growth by buying new assets and gobbling up smaller companies at a premium. Meanwhile, companies like Agnico-Eagle, Yamana Gold (NYSE: AUY), and Kinross Gold (NYSE: KGC) will be growing into their shoes. If gold continues to run, and the recent inflationary practices of the Federal Reserve and the U.S. government suggest that it will, then the intermediates and juniors could reach new heights.
Uranium
Demand for uranium is directly linked to the level of electricity generated by nuclear power plants. As more reactors are built and the capacity of existing reactors is increased, the need for fuel will continue to rise.
Growing Nuclear Power Generation Fuels Uranium Market
Uranium is an element found in nature. In its pure form, it is a silvery white metal of very high density, denser than lead. Uranium can take many chemical forms, but in nature it is generally found as an oxide (in combination with oxygen). Triuranium octoxide (U3O8) is the most stable form of uranium oxide and is the form most commonly represented in nature.
Uranium is the fuel source for nuclear power generation. Uranium fuel is emissions-free, making it safe for the environment and, compared to other fuels, only a tiny quantity is required to generate an equivalent amount of electricity.
Energy needs continue to rise as populations expand and economies grow. The Department of Energy projects world marketed energy consumption will grow by 50 percent by 2030. Total world energy use rises from 462 quadrillion British thermal units (Btu) in 2005 to 563 quadrillion Btu in 2015 and then to 695 quadrillion Btu in 2030. Global energy demand grows despite the sustained high world oil prices projected to persist over the long term. (Department of Energy’s Energy Information Administration, “International Energy Outlook 2008”, June 2008)
The Department of Energy’s International Energy Outlook 2008 asserts that as concerns about rising fossil fuel prices, energy security, and greenhouse gas emissions support the development of new nuclear generation, electricity generation from nuclear power will increase from about 2.6 trillion kilowatthours in 2005 to 3.8 trillion kilowatthours in 2030. The world’s installed nuclear capacity is expected to grow from 374 gigawatts in 2005 to 498 gigawatts in 2030. Higher capacity utilization rates have been reported for many existing nuclear facilities, and it is anticipated that most of the older nuclear power plants in the OECD countries and non-OECD Eurasia will be granted extensions to their operating lives.
The Nuclear Energy Institute reports that as of March 2008, 30 countries worldwide were operating 439 nuclear reactors for electricity generation and 34 new nuclear plants were under construction in 14 countries.
More than 15 countries rely on nuclear power for 25% or more of their electricity. In Europe and Japan, the nuclear share of electricity is over 30%. In the U.S., nuclear power creates 20% of electricity. (World Nuclear Association, “Nuclear Power Today,” July 2008)
According to the Nuclear Energy Institute, nuclear plants are the lowest-cost producer of baseload electricity. The average production cost of 1.76 cents per kilowatt-hour includes the costs of operating and maintaining the plant, purchasing fuel and paying for the management of used fuel. (NEI, July 2008)
The reactors are more expensive to build than fossil fuel plants, but the cost of nuclear is even cheaper than coal, and without the pollution. Using cost per Kwh in 2006, oil was $9.63, gas was $6.75, coal $2.37, and nuclear $1.72. (Global Energy Decisions, June 2007)
Nuclear Power Generates Steep Rise in Demand for Uranium
World mine production of uranium must expand significantly. Production from world uranium mines now supplies only 55% of the requirements of power utilities. Mine production is supplemented principally by ex-military material. (World Nuclear Association, March 2008)
The World Nuclear Association reports that 435 reactors with combined capacity of 370 GWe require 78,500 tonnes of uranium oxide concentrate containing 66,500 tonnes of uranium from mines (or the equivalent from stockpiles or secondary sources) each year. The capacity is growing slowly, and at the same time the reactors are being run more productively, with higher capacity factors, and reactor power levels.
Mines in 2005 supplied some 49,000 tonnes of uranium oxide concentrate (U3O8) containing 41,600 tU, about 64% of utilities' annual requirements. The balance was made up from secondary sources or stockpiled uranium held by utilities, but those stockpiles are now largely depleted.
With the recovery of uranium prices since about 2003, there is a lot of activity preparing to open new mines in many countries. The WNA projects world uranium demand at about 74,000 tU in 2015, and most of this will need to come directly from mines. In 2007 36% came from secondary sources.
Ongoing production and supply constraints and questions about whether new production can be timed to meet demand growth mean the market is likely to remain tight for some years to come. (Platts Insight, “Uranium and the Nuclear Renaissance”, February 2008)
Uranium hit an all-time high of $138 per pound in June 2007, up from just $7 in 2000. Prices are now stabilizing at $64 and are still historically high as of July 14, 2008.
The IAEA Department of Nuclear Energy reports the following five factors are driving the growth of nuclear power generation:
· First is the track record. The world now has around 12,700 reactor-years of experience. The performance and safety records of the designs in operation today are extremely good.
· Second, energy forecasts keep showing persistent long-term growth.
· Third is energy supply security. In the 1970s concerns about supply security, triggered by the oil shocks, were a major cause of nuclear expansion in both Japan and France. Similar concerns may also prove an important factor today.
· Fourth, specific substantial expansion plans in key countries, like China and India, have a big impact on overall global expectations.
· Finally, new environmental constraints -- like entry-into-force of the Kyoto Protocol -- mean that there are some real financial benefits to avoiding greenhouse gas (GHG) emissions.
Leadership
The company’s team of seasoned veterans is focused on unlocking the value within its gold and uranium properties to drive company growth and shareholder value.
Mr. Michael Gerstner
President / CEO
Mr. Gerstner has been a successful businessman for over 20 years. He has assisted many companies as a consultant in both operations and management. Mr. Gerstner’s experience in business transactions, knowledge of public company structure and financings, and expertise in corporate governance make him a valued asset to the company. He will draw on proven experience to oversee the Board to ensure the company’s audit controls are strictly followed and approve and implement key decisions, material expenditure, and alterations to share capital.
JC Barbeck
Chief Operating Officer
Mr. Barbeck has been instrumental in raising venture capital for IPO vehicles. He has served as a consultant for various established financial institutions for over ten years. His background in business and finance in the investment industry has enabled him to secure placement in companies including High Grows LLC, where he was in charge of sales and development for futures and options trading. Mr. Barbeck also co-founded and acted as CEO of Avion Rising Inc., a private investment company that had interests in commercial real estate and acquired patents for quantum electrodynamics technology. He has also brought together several key players and investors for various small to mid size firms. Mr. Barbeck has also been a supporter and an active fundraiser for Leading Edge Earth Products, company within the building industry that has sold contracts to Louisiana and Florida for hurricane relief.
Chief Financial Officer
Gabor Harsanyi
Mr. Harsanyi has more than thirty years of experience as an entrepreneur in the business and real estate sectors. After earning a degree in electrical engineering, he successfully ran a commercial and residential real estate company with over three hundred employees for five years. He then co-launched a public company, Leading Edge Earth Products, and is responsible for distributions and holds exclusive licensing rights for all of Mexico. Mr. Harsanyi also co-wrote and holds proprietary ownership of technical trading software that deals with futures and options trading on the S&P and the Dow. He has been hired by a number of banks and public companies as a consultant and technical advisor. His acumen and leadership have turned around companies on the verge of bankruptcy using his “critical milestone” techniques.
Investment Conclusion (VIPR.PK)
With demand and prices on the rise for both gold and uranium, the outlook for VIPR Industries is extremely bright.
VIPR Industries is acquiring and exploring high quality mineral properties, focusing on Tanzania’s rich but largely untapped gold and uranium resources. The company’s Singida Gold Property is located next to and along strike from Shanta Gold Limited’s newly discovered 543,000+ ounce resource. According to VIPR Industries its project area displays similar characteristics to Shanta Gold’s Gold Tree and The Jem deposits. And based on radiometric survey data the company’s Itigi/Manyoni Uranium Property is highly prospective for the cost effective production of uranium.
As growth in nuclear power spurred by a mounting energy crisis sends uranium demand to new heights, and as growing unease in the financial markets pushes gold to 26-year highs, market conditions are ideal for VIPR Industries to drive growth and value for shareholders. Now is an excellent time to get positioned in this expertly managed emerging mining company.
For an in-depth coverage on VIPR Industries Inc., please visit: http://www.WallStreetStockReview.com
Quest Minerals & Mining Corp.
(OTCBB: QMNM)
Current Price (0.01)
http://www.WallStreetStockReview.com
PATERSON, N.J., -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNBF.F - News), a Kentucky based operator of energy and mineral related properties, is very pleased to announce that it has reached the point in their operations where they can now move forward into full production mode.
Lihir Gold Ltd
(NASDAQ: LIHR)
Current Price (18.80)
http://www.WallStreetStockReview.com
PORT MORESBY, PAPUA NEW GUINEA-- Lihir Gold Ltd (Toronto:LGG.TO - News)(ASX:LGL.AX - News)(LIHR - News) ("LGL") is pleased to announce the release of its quarterly production results for the period ended June 30, 2008. The Second Quarter Production Report and management presentation are available on the Company's website www.LGLgold.com and will be available on SEDAR shortly at www.sedar.com.
Nevsun Resources Ltd.
(AMEX: NSU)
Current Price (1.32)
http://www.WallStreetStockReview.com
VANCOUVER, BRITISH COLUMBIA -- Nevsun Resources Ltd., (Toronto:NSU.TO - News)(AMEX;NSU) ("Nevsun") wishes to announce its results for the second quarter of 2008. Complete details of the June 30, 2008 interim financial statements and Management's Discussion and Analysis can be found on the Nevsun website.
Barrick Gold Corporation
(NYSE: ABX)
Current Price (32.77)
http://www.WallStreetStockReview.com
TORONTO, ONTARIO-- All amounts expressed in Cdn. Dollars unless otherwise indicated, Barrick Gold Corporation (NYSE:ABX - News)(Toronto:ABX.TO - News) announced today that it has entered into a definitive agreement to purchase oil and gas assets representing production of approximately 900 barrels of oil equivalent (BOE) per day at Sturgeon Lake, Alberta, from Daylight Resources Trust for $87.5 million in cash. This transaction follows Barrick's recent $410 million cash offer for Cadence Energy Inc. and complements the Company's long term strategy to economically hedge its oil exposure.
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