CANADA'S Eldorado Gold has approached Australia's Andean Resources with a proposal to create "the world's fastest growing" gold producer.
But the Vancouver-based company’s plan, which it said would also create the world’s “lowest cost” producer, already appears to have been overtaken.
The dual-listed Andean subsequently called a trading halt on its Australian-listed shares, saying it is in talks with another unnamed party and adding these discussions are expected to lead to a major corporate announcement. Andean didn't provide other details.
Shares of Andean, which also has a listing in Toronto, entered a trading halt after soaring $1.51, or 31 per cent, to a record $6.40, or a market value of about $3.5 billion.
Eldorado said its proposal was for a share exchange at a fixed ratio of 0.310 Eldorado share for each Andean share, through a friendly transaction supported by most Andean directors.
The proposal "is extremely compelling" for Andean shareholders, Eldorado, said, and follows an earlier initial approach to Andean on August 18 that valued Andean at $C6.36 a share and that was verbally rejected by Andean's board.
Andean is developing the high-grade, low-cost Cerro Negro Gold Project in Argentina, which contains 2.1 million ounces of gold and 20.6 million ounces of silver in probable reserves.
If the proposal proceeds, Andean shareholders will own 24 per cent of the combined company.
Wednesday, January 26, 2011
Eldorado Gold withdraws bid for Andean Resources - MarketWatch
SAN FRANCISCO (MarketWatch) -- Eldorado Gold Corp. /quotes/comstock/13*!ego/quotes/nls/ego (EGO 16.56, +0.40, +2.48%) said Tuesday that it has decided not to proceed with its bid to buy Andean Resources Ltd. . "The gold industry, as a whole, has an appalling track record of value destruction and Eldorado has no intention of following in these unfortunate footsteps. For these reasons and at this time, Eldorado has elected not to pursue the acquisition of Andean Resources any further," Paul Wright, president and chief executive officer, said in a statement. Last Friday, Goldcorp Inc. /quotes/comstock/13*!gg/quotes/nls/gg (GG 41.56, +0.17, +0.41%) said it will pay $3.4 billion for all outstanding shares of Andean Resources.
Eldorado Gold Corp. - Page - Wed Jan 26, 2011
Eldorado Gold Corporation is a Canadian international gold producer with five operating mines, two mines under construction, development projects and an extensive 2010 exploration program. We operate in China, Turkey, Brazil, Greece and surrounding regions. Our goal is to produce approximately 1 million ounces of gold annually by 2013. As one of the lowest cost gold producers, with new mines, robust margins and a strong balance sheet, we are well positioned to grow in value as we create and pursue new opportunities in gold and other resources.
Thursday, January 20, 2011
PR Hub - Eldora Gold Should I Invest in Gold Using SPDR Gold Trust?
(WIDEPR - PR NEWS PORTAL) Avoid gold coin investing scams online and fraud that are prevalent now that the price of gold is over a thousand dollars an ounce. Buy gold carefully, avoid boiler room scams and remember that a guarantee is only as good as the dealer. Gold is easily sold on the market today, so beware of bargains in the gold market. Bargains in gold are often gold coin investing scams.
SPDR gold trust (GLD) is one of the fastest growing gold investment companies that was originally introduced to the NYSE list of stocks in 2004. Now SPDR gold trust stocks are being actively traded at Tokyo, Singapore and Hong Kong Stock Exchanges. SPDR gold trust makes owning gold commodity easy and more accessible for investors who were previously fearful of making physical gold bullion investment due to safety and storage concerns. SPDR gold trust is the first American ETF backed up by physical gold assets.
SPDR gold trust is facing both praise and criticism as to its gold investment performance and overall company’s financial approach. When making a decision whether to invest in the SPDR gold trust, it’s wise to consider multiple opinions expressed by various financial analysts.
It’s important to realize that SPDR gold trust stocks are traded similarly to most stocks at major stocks exchanges and are prone to price fluctuations. The investment value of these stocks is directly correlated to the current market price of gold minus gold trust management fees. Buying into SPDR gold shares can not guarantee any financial gains just like with any stocks. You will be investing into gold shares at your own risk, thus it’s essential to set aside no more than 10% of the entire investment portfolio for gold shares in order to allocate major risks should the price of gold plummet.
Make sure to read all SPDR gold trust financial documents filed with SEC that could be located at their website to fully understand all financial risk disclosure statements.
GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with a useful information about gold and other precious metals investment strategy every day. Stay tuned!
PR Hub - Eldora Gold Spanish Coins Value Retention – Escudos Vs. Doubloons
(WIDEPR - PR NEWS PORTAL) Eldora Gold resources latest article info on gold investment - Spanish gold coins pieces present some of the most fascinating examples of coin minting industry of the Old World that had existed centuries before the US started minting its coins. Spanish gold coins were often depicted in multiple movies and novels in association with pirates, lost treasure and sunken ships. The Spanish gold coins fascination continues up to this day not only due to their pure gold content, mintage and amazing history behind.
Eldora Gold Resources tips on Spanish gold coins value retention. It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.
Initially, Spanish gold coins named Doubloons were made by hand using primitive methods and manually sized to a specific weight by actually cutting pieces off already made coins. This method gives them characteristic odd rough shape that is especially prized among old gold coins collectors. The smallest fraction of Spanish gold doubloon is one Spanish escudo, the escudo denomination doubles creating two, four and eight escudo coins respectively.
Doubloons Spanish gold coins were mostly in possession by Spanish noblemen and otherwise richer layers of population and are not as heavily worn in comparison to Escudos. Therefore, the actual Doubloons value by far exceeds the value of Escudos. In the modern world of coin trading, the terms escudos and doubloons are sometimes used as synonyms to describe any Spanish old gold coins. The average price for the oldest Doubloons eBay gold coins can very often be in the thousands of dollars depending on their grade and year of mintage.
If you decided to add Spanish old gold coins to your numismatic collection, take care to only purchase coins from respectable and well-recognized coin dealers that can provide certified old gold coins or shipwreck salvaged coins with proper documentation. Increased popularity of old Spanish and French gold coins along with any other historical rare coins attracts a lot of dishonest coin dealers who mislead coin collectors into buying coins for more than they are actually worth. If you are not a numismatic expert, the general rule is to stay away from historical gold coins and choose certified gold bullion coins to ensure their authenticity and decrease investment risk.
Eldora Gold News: Potterton Gold Combi Boiler 24 HE - still one of the UK's Best Buys
(WIDEPR - PR NEWS PORTAL) Leading consumer resources magazine Which? has rated the Potterton Gold Combi 24 HE a Best Buy for an unprecedented fourth year running. It received 5-star ratings for ease of use, ease of installation, features and NOx emissions, and an overall score of 74 per cent.
The report praised its efficiency, hot water output and durability. According to the Which? expert, the boiler is "exceptionally easy to service with plenty of room to work inside the boiler”.
Paul Haynes, Head of Potterton Product Management, said: "We are delighted with the ongoing recognition of this great boiler. The Potterton Gold Combi HE is made from high quality components and undergoes rigorous quality testing to ensure it meets our demanding standards of reliability.
"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”
The Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, with a dedicated 28kW LPG model.
For the householder, the boiler's excellent energy efficiency means reduced gas bills and a reduction in carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products. The controls are easy to use and a timer is included. There's also a digital display and bright neon lights to show the boiler's current operational status. Handily the instructions are also inside the controls cover.
About Potterton
Potterton is a known British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted name.
Potterton history. For over 150 years the Potterton brand has stood for high quality and unrivalled service in the design and manufacture of boilers. In fact, over the years Potterton has built more than 5 million boilers.
We have a set of brand values that are part of the Potterton ethos.
Reliability. We have made our name synonymous with reliability. It is the number one reason to buy Potterton. It applies to our products, our service and our people. Potterton is all about reliability.
Trust. We want everyone to know they can trust us and our products. We don't make false promises or claims.
Mainstream. We are not niche. We are for everyone. Our boilers and services are designed to meet the needs of just about everyone out there.
User-friendly. Whether it is for customers, installers or specifiers, we solve problems. So our boilers are easy to fit and easy to use every day.
Relaxed. We're decent people to work with. We don't make an unnecessary fuss. So whatever the requirement, people know they can approach us and we'll listen with an open mind.
The report praised its efficiency, hot water output and durability. According to the Which? expert, the boiler is "exceptionally easy to service with plenty of room to work inside the boiler”.
Paul Haynes, Head of Potterton Product Management, said: "We are delighted with the ongoing recognition of this great boiler. The Potterton Gold Combi HE is made from high quality components and undergoes rigorous quality testing to ensure it meets our demanding standards of reliability.
"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”
The Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, with a dedicated 28kW LPG model.
For the householder, the boiler's excellent energy efficiency means reduced gas bills and a reduction in carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products. The controls are easy to use and a timer is included. There's also a digital display and bright neon lights to show the boiler's current operational status. Handily the instructions are also inside the controls cover.
About Potterton
Potterton is a known British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted name.
Potterton history. For over 150 years the Potterton brand has stood for high quality and unrivalled service in the design and manufacture of boilers. In fact, over the years Potterton has built more than 5 million boilers.
We have a set of brand values that are part of the Potterton ethos.
Reliability. We have made our name synonymous with reliability. It is the number one reason to buy Potterton. It applies to our products, our service and our people. Potterton is all about reliability.
Trust. We want everyone to know they can trust us and our products. We don't make false promises or claims.
Mainstream. We are not niche. We are for everyone. Our boilers and services are designed to meet the needs of just about everyone out there.
User-friendly. Whether it is for customers, installers or specifiers, we solve problems. So our boilers are easy to fit and easy to use every day.
Relaxed. We're decent people to work with. We don't make an unnecessary fuss. So whatever the requirement, people know they can approach us and we'll listen with an open mind.
Customer-focussed. We make products that are important to people. That generate essential heat and hot water. Therefore, we have to put customers first. Our products are too important to work any other way.
PR Hub - Benefits of Public Bank Gold Investment – Eldora Tips
(WIDEPR - PR NEWS PORTAL) It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams boiler rooms that you should watch for, and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.
Gold stock investments are often included in the portfolio of investment companies which specialize in gold and other precious metals. Because the gold investment companies are simply the managers and investment advisors for the pooled funds of the investors, each investor will share in any gains seen in their share of the portfolio. For some investors using a gold investment company makes great financial sense, while other investors should steer clear of these choices.
A public bank gold investment offers many benefits that are attractive to a wide range of investors, although these options may also have some disadvantages as well, depending on the public bank chosen. This is a great way to invest in gold bullion without having to turn your home into Fort Knox or pay excessive storage fees. The bank stores the gold for you, in the amount equal to the value of your gold bullion securities account.
When you choose a public bank gold investment then quality is another benefit. You are assured that only investment quality gold is used to secure your account, such as PAMP Suisse gold bullion and other well known types. This is important because the gold is a guarantee of your capital, and if low quality metal is used then the value of the metal may be significantly less than what is shown on paper.
If you are going to open a public bank gold investment account, you have the choice of two types, allocated or unallocated. Allocated is the better choice for almost every investor, because these accounts offer more benefits. The amount of gold equal to your account balance is specifically allocated to you, and can not be used for any other purpose. Credit Suisse gold bullion or another top quality and name gold product is usually used with these investments, and you can take possession of the bullion at will.
If you are thinking about a public bank gold investment, there are several benefits. These accounts allow you to buy gold conveniently, without worrying about security or storage. Many investors prefer these accounts, and consider them the best gold investment possible. Some investors avoid a public bank gold investment account though, preferring to hold the metal personally. These investments can be a fantastic choice for many investors, but they are not right for everyone or every situation.
PR Gateway - Eldora Gold News: Potterton Gold Combi Boiler 24 HE - still one of the UK's Best Buys
(WIDEPR - PR NEWS PORTAL) Leading consumer resources magazine Which? has rated the Potterton Gold Combi 24 HE a Best Buy for an unprecedented fourth year running. It received 5-star ratings for ease of use, ease of installation, features and NOx emissions, and an overall score of 74 per cent.
The report praised its efficiency, hot water output and durability. According to the Which? expert, the boiler is "exceptionally easy to service with plenty of room to work inside the boiler”.
Paul Haynes, Head of Potterton Product Management, said: "We are delighted with the ongoing recognition of this great boiler. The Potterton Gold Combi HE is made from high quality components and undergoes rigorous quality testing to ensure it meets our demanding standards of reliability.
"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”
The Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, with a dedicated 28kW LPG model.
For the householder, the boiler's excellent energy efficiency means reduced gas bills and a reduction in carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products. The controls are easy to use and a timer is included. There's also a digital display and bright neon lights to show the boiler's current operational status. Handily the instructions are also inside the controls cover.
About Potterton
Potterton is a known British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted name.
Potterton history. For over 150 years the Potterton brand has stood for high quality and unrivalled service in the design and manufacture of boilers. In fact, over the years Potterton has built more than 5 million boilers.
We have a set of brand values that are part of the Potterton ethos.
Reliability. We have made our name synonymous with reliability. It is the number one reason to buy Potterton. It applies to our products, our service and our people. Potterton is all about reliability.
Trust. We want everyone to know they can trust us and our products. We don't make false promises or claims.
Mainstream. We are not niche. We are for everyone. Our boilers and services are designed to meet the needs of just about everyone out there.
User-friendly. Whether it is for customers, installers or specifiers, we solve problems. So our boilers are easy to fit and easy to use every day.
Relaxed. We're decent people to work with. We don't make an unnecessary fuss. So whatever the requirement, people know they can approach us and we'll listen with an open mind.
The report praised its efficiency, hot water output and durability. According to the Which? expert, the boiler is "exceptionally easy to service with plenty of room to work inside the boiler”.
Paul Haynes, Head of Potterton Product Management, said: "We are delighted with the ongoing recognition of this great boiler. The Potterton Gold Combi HE is made from high quality components and undergoes rigorous quality testing to ensure it meets our demanding standards of reliability.
"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”
The Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, with a dedicated 28kW LPG model.
For the householder, the boiler's excellent energy efficiency means reduced gas bills and a reduction in carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products. The controls are easy to use and a timer is included. There's also a digital display and bright neon lights to show the boiler's current operational status. Handily the instructions are also inside the controls cover.
About Potterton
Potterton is a known British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted name.
Potterton history. For over 150 years the Potterton brand has stood for high quality and unrivalled service in the design and manufacture of boilers. In fact, over the years Potterton has built more than 5 million boilers.
We have a set of brand values that are part of the Potterton ethos.
Reliability. We have made our name synonymous with reliability. It is the number one reason to buy Potterton. It applies to our products, our service and our people. Potterton is all about reliability.
Trust. We want everyone to know they can trust us and our products. We don't make false promises or claims.
Mainstream. We are not niche. We are for everyone. Our boilers and services are designed to meet the needs of just about everyone out there.
User-friendly. Whether it is for customers, installers or specifiers, we solve problems. So our boilers are easy to fit and easy to use every day.
Relaxed. We're decent people to work with. We don't make an unnecessary fuss. So whatever the requirement, people know they can approach us and we'll listen with an open mind.
Customer-focussed. We make products that are important to people. That generate essential heat and hot water. Therefore, we have to put customers first. Our products are too important to work any other way.
PR Portal - Focus: About Eldora Gold Resources Canada
(WIDEPR - PR NEWS PORTAL) About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.
About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.
Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market.
The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to 
Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.
Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
Newsvine - Focus: About Eldora Gold Resources CanadaNewsvine - Focus: About Eldora Gold Resources Canada
About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University.
Related Coverage
* Property Evaluation: Eldora Gold Resources Canada
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange "�" Open Market.
* Brazilian Gold Mine Update: Eldora Gold Resources Canada News
Brazilian Gold Mine Update: Eldora Gold Resources Canada News - Ensurge Announces Progress on Engineering Scoping Study of Brazilian Gold Mine
* Update On Venezuela Gold Mining: Eldora Gold Resources Canada News
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State's gold-mining policies, which could be said to have failed, given current labor
* Money, Inflation and Gold
We have been come to believe that inflation is a natural phenomenon that is actually good for the economy and the people, but in fact it is a hidden, regressive form of taxation. It is government siphoning away resources from people and spending it without their recognizing it. Why do I say this? And is inflation bad or good? Basic information about inflation and money that you almost never hear.
With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada's data analysis process he offers accurate property reports using the latest technology .
About Eldora Gold Resources Canada: The Company's Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys .
He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada's proprietary equipment and techniques.
Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange - Open Market.
The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com
Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.
Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada's tailings processing service along with the Property Evaluation service.
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University.
Related Coverage
* Property Evaluation: Eldora Gold Resources Canada
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange "�" Open Market.
* Brazilian Gold Mine Update: Eldora Gold Resources Canada News
Brazilian Gold Mine Update: Eldora Gold Resources Canada News - Ensurge Announces Progress on Engineering Scoping Study of Brazilian Gold Mine
* Update On Venezuela Gold Mining: Eldora Gold Resources Canada News
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State's gold-mining policies, which could be said to have failed, given current labor
* Money, Inflation and Gold
We have been come to believe that inflation is a natural phenomenon that is actually good for the economy and the people, but in fact it is a hidden, regressive form of taxation. It is government siphoning away resources from people and spending it without their recognizing it. Why do I say this? And is inflation bad or good? Basic information about inflation and money that you almost never hear.
With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada's data analysis process he offers accurate property reports using the latest technology .
About Eldora Gold Resources Canada: The Company's Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys .
He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada's proprietary equipment and techniques.
Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.
Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange - Open Market.
The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com
Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.
Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.
Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.
Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.
Wednesday, January 19, 2011
Environmentally Safe Gold Recovery Technology
Eldora Gold Resources Canada Inc. is seeking to extract gold from tailings ponds located on inactive metal mine properties. Based on the company’s expertise and experience in the mining industry, Eldora Gold provides for its clients strategic property evaluations, sample testing of existing tailings, and an environmentally-friendly solution to deliver new gold: GravSep™.
The company intends to offer processing equipment and training in partnership with owner/operators of former tailings sites.
Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold’s tailings processing service along with the Property Evaluation service
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaulation using Eldora Gold’s data analysis process he offers accurate property reports using the latest technology.
The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold’s proprietary equipment and techniques.
The company intends to offer processing equipment and training in partnership with owner/operators of former tailings sites.
Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.
The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold’s tailings processing service along with the Property Evaluation service
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaulation using Eldora Gold’s data analysis process he offers accurate property reports using the latest technology.
The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold’s proprietary equipment and techniques.
Eldora Gold Resources News – Correction in Precious Metals Likely to Set Stage for Further Run Ups
Eldora Gold Resources Canada News – China іѕ tһе world’s Ɩаrɡеѕt producer οf gold, bυt іt һаѕ plenty οf οtһеr precious metals аחԁ rare minerals аѕ well. Sοmе іח tһе world аrе already worried аbουt ѕο much power concentrated іח one рƖасе.A Bloomberg Report tһіѕ week stated tһаt silver exports frοm China, one οf tһе world’s Ɩаrɡеѕt, mау drop аbουt 40 percent tһіѕ year аѕ domestic demand frοm industry аחԁ investors climbs. China іѕ tһе third-Ɩаrɡеѕt producer аftеr Peru аחԁ Mexico. It іѕ expected tһаt reduced exports wіƖƖ boost prices. Industrial applications fοr silver, including electrical conductors аחԁ batteries, represent аbουt half global demand. Silver һаѕ rallied 44 percent tһіѕ year, outperforming gold аחԁ copper.Eldora Gold Resources Canada News – Iח addition, China, wһісһ һаѕ bееח blocking shipments οf crucial minerals tο Japan fοr tһе last month, һаѕ аƖѕο halted ѕοmе shipments tο tһе United States аחԁ Europe. Tһеѕе rare earth minerals аrе crucial tο manufacturing many advanced products such аѕ radar, cell phones, high-powered magnets аחԁ mini-hard drives іח laptop computers. China’s control οf tһеm аחԁ іtѕ willingness tο flex іtѕ economic muscles seem сеrtаіח tο further intensify trade аחԁ currency tensions. Tһе bаԁ news іѕ China mines 95 percent οf tһе world’s rare earth elements. If restriction οח exports οf tһеѕе minerals continues, іt сουƖԁ force multinational companies tο produce more οf tһеіr high-technology goods іח China.Speaking οf mining, Ɩеt’s take a look аt tһе long-term XAU chart. Tһе XAU (gold аחԁ silver stocks index) Index failed tο brеаk іחtο חеw highs – аѕ visible οח tһе very-long-term chart above. Although wе see іt presently аt a declining support level, wе don’t expect tһіѕ level tο hold given declining gold, silver аחԁ stock prices.Eldora Gold Resources Canada News – Support levels such аѕ tһе lower border οf tһе trading channel, previous local tops, аחԁ multi-year support levels аrе аƖѕο іח play. Tһе declining, short-term trend line һаѕ bееח broken recently mοѕt ƖіkеƖу due tο tһе USD Index rally. Tһе area around tһе 170 level appears tο bе tһе probable bottom fοr tһе current decline.Iח a recent Market Alert sent tο ουr Subscribers, wе discussed tһе possibility fοr Traders tο bet οח lower prices using options. Lower prices іח mining stocks mау bе tһе way tο ɡο due tο tһеіr lower volatility. Tһеіr close trading range һаѕ caused a decline іח option premiums.Eldora Gold Resources Canada News – Iח tһе research section οf Sunshine Profits website, Predicting аחԁ Taking Advantage οf Corrections іח Gold іѕ аח essay, wһісһ іѕ perfect fοr ουr current situation. Options traders ѕһουƖԁ bе sure חοt tο miss tһіѕ instructive piece.Summing up, іt іѕ ƖіkеƖу tһаt mining stocks wіƖƖ eventually rally bυt wе wіƖƖ probably first see a corrective period. Lower prices аrе ƖіkеƖу tο bе seen іח tһе short-rυח wіtһ a rally tο follow perhaps before tһе еחԁ οf tһе year.Disclosure: Nο positionsAbout tһе author: Przemyslaw Radomski. Przemyslaw Radomski іѕ tһе founder, owner аחԁ tһе main editor οf SunshineProfits.com. Being passionately curious аbουt tһе market’s behavior һе uses һіѕ statistical аחԁ financial background tο qυеѕtіοח tһе common views аחԁ profit οח tһе misconceptions.
Abουt tһе Author
Eldora Gold Resources Canada wаѕ founded bу a group οf experts іח tһе mineral recovery аחԁ mining industry, whose focus іѕ tο provide ассυrаtе information, state οf tһе art equipment аחԁ outstanding customer service. Eldora Gold һаѕ developed аחԁ іѕ offering a proprietary separation technique fοr extracting mineral content frοm mining tailings.
Abουt tһе Author
Eldora Gold Resources Canada wаѕ founded bу a group οf experts іח tһе mineral recovery аחԁ mining industry, whose focus іѕ tο provide ассυrаtе information, state οf tһе art equipment аחԁ outstanding customer service. Eldora Gold һаѕ developed аחԁ іѕ offering a proprietary separation technique fοr extracting mineral content frοm mining tailings.
Eldora Gold Resources News-gold's Insurance Cost Index Explained
Eldora Gold Resources News-By Brad Zigler. We’ve expounded on the option market insurance model in this column before. In their most basic utility, options offer investors protection from catastrophic changes in asset values, just like homeowners, automobile and gulp! life insurance contracts.
And just like other insurance markets, option prices are determined in part by the issuers’ perception of risk. When the odds of a payout increase because of increased fire hazards, a poor driving record, disease or wobbly asset values the cost of protection rises.
For years now, professional traders have gauged risk in the investment market by metering the volatility assumptions embedded in option prices. The Volatility Index (VIX) measures the expected variance in the stock market over the ensuing 30 days by extracting the implied volatility of near-term options on the SPDR Depository Receipts (SPY).
Eldora Gold Resources News-More recently, the VIX concept has been translated to the oil and gold market. The CBOE Gold Volatility Index (GVZ) has been tracking risk expectations in the gold market by distilling the “IV” (“implied volatility”) SPDR Gold Shares Trust (GLD) options for the past couple of years.
Presently, GVZ pegs the annualized volatility of the gold market at 20 percent. Is that high or low? Well, it’s certainly higher than it was. Last month, anyway. Back in September, when gold was reaching new nominal highs, GLD volatility dipped as low as 16.7 percent.
The implication? Back then, option traders were pricing contracts with the expectation that gold prices proxied by GLD would likely vary up or down 1.4 percent (16.7 percent divided by 12 months) over a 30-day period.
When GVZ aka volatility is high, writing (selling) naked options and credit spreads are more likely to make money. When GVZ is low, debit spreads and naked option purchases are favored.
Relatively speaking, buying GLD options would have been the play in mid-September. If you were exceptionally prescient, you would have bought calls for a month-long, $130-an-ounce ride up Bullion Mountain.
GVZ peaked at 22.6 percent along with gold prices on Oct. 14. GVZ then signaled a heightened risk of change in gold’s price trend. Now GVZ’s falling along with gold prices, indicating a certain market complacency with the trend.
The Gold Insurance Cost Index measures the risk of price trend changes as well and, as you can see from the chart below, pretty much tracks alongside GVZ. The insurance index is derived by comparing GLD option premiums to SPY contract costs. Each day, puts with at least eight weeks til expiration and each 10 percent out of the money are ratioed: the GLD put premium in the numerator and the SPY premium down below. The daily change in the resulting percentage is then indexed to a base level. In the chart below, the starting date is arbitrarily set as July 23.
Eldora Gold Resources News – The essential difference between the two metrics is volatility itself. The insurance index is more sensitive and generally renders its peak and trough signals a day or two sooner than GVZ. Time can be a great advantage to a trader or a hedging investor giving insurance index followers a bit of a jump on GVZ watchers.
Of course, tracking GVZ is easy. No calculation is required. Its value can be pulled up in real time along with any other market quote.
Which indicator you choose to follow is purely a matter of personal preference. Disclosure: No position
About the author: Hard Assets Investor Hardassetsinvestor.com (http://hardassetsinvestor.com/) is a Van Eck Associates-sponsored, research oriented Web site devoted to sharing ideas about hard assets investing.
And just like other insurance markets, option prices are determined in part by the issuers’ perception of risk. When the odds of a payout increase because of increased fire hazards, a poor driving record, disease or wobbly asset values the cost of protection rises.
For years now, professional traders have gauged risk in the investment market by metering the volatility assumptions embedded in option prices. The Volatility Index (VIX) measures the expected variance in the stock market over the ensuing 30 days by extracting the implied volatility of near-term options on the SPDR Depository Receipts (SPY).
Eldora Gold Resources News-More recently, the VIX concept has been translated to the oil and gold market. The CBOE Gold Volatility Index (GVZ) has been tracking risk expectations in the gold market by distilling the “IV” (“implied volatility”) SPDR Gold Shares Trust (GLD) options for the past couple of years.
Presently, GVZ pegs the annualized volatility of the gold market at 20 percent. Is that high or low? Well, it’s certainly higher than it was. Last month, anyway. Back in September, when gold was reaching new nominal highs, GLD volatility dipped as low as 16.7 percent.
The implication? Back then, option traders were pricing contracts with the expectation that gold prices proxied by GLD would likely vary up or down 1.4 percent (16.7 percent divided by 12 months) over a 30-day period.
When GVZ aka volatility is high, writing (selling) naked options and credit spreads are more likely to make money. When GVZ is low, debit spreads and naked option purchases are favored.
Relatively speaking, buying GLD options would have been the play in mid-September. If you were exceptionally prescient, you would have bought calls for a month-long, $130-an-ounce ride up Bullion Mountain.
GVZ peaked at 22.6 percent along with gold prices on Oct. 14. GVZ then signaled a heightened risk of change in gold’s price trend. Now GVZ’s falling along with gold prices, indicating a certain market complacency with the trend.
The Gold Insurance Cost Index measures the risk of price trend changes as well and, as you can see from the chart below, pretty much tracks alongside GVZ. The insurance index is derived by comparing GLD option premiums to SPY contract costs. Each day, puts with at least eight weeks til expiration and each 10 percent out of the money are ratioed: the GLD put premium in the numerator and the SPY premium down below. The daily change in the resulting percentage is then indexed to a base level. In the chart below, the starting date is arbitrarily set as July 23.
Eldora Gold Resources News – The essential difference between the two metrics is volatility itself. The insurance index is more sensitive and generally renders its peak and trough signals a day or two sooner than GVZ. Time can be a great advantage to a trader or a hedging investor giving insurance index followers a bit of a jump on GVZ watchers.
Of course, tracking GVZ is easy. No calculation is required. Its value can be pulled up in real time along with any other market quote.
Which indicator you choose to follow is purely a matter of personal preference. Disclosure: No position
About the author: Hard Assets Investor Hardassetsinvestor.com (http://hardassetsinvestor.com/) is a Van Eck Associates-sponsored, research oriented Web site devoted to sharing ideas about hard assets investing.
About the Author:
Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.
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