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Gold American Mining Corp. (SILA.OB) is a gold exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich precious metals production potential. Based in Reno, Nevada, Gold American has already developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
Gold American's Keeno Strike Property is located in theGoodsprings/Yellow Pine Mining District, and consists of a continuous block of 12 unpatented, 20-acre lode miningclaims for a total of 240 acres. The claims could potentially contain 2.14 million ounces of gold equivalent resources accessible via open-pit bulk handling methods unavailable to the industry at the time these properties were initially developed. According to a May 2008 report prepared by Mark See, Mining Engineer, when the gold equivalent resources are combined with those of additional mineral deposits of lead (~130,000 tons), zinc (~115,000 tons) and copper (~13,000 tons), the claims represent an estimated equivalent gross in situ value in excess of $3 billion. The estimated gold equivalent resources alone represent a total in-place gross value of ~$2.17 billion at current market prices (as of March 2010), as calculated in a March 2010 Evaluation Report by Parkinson Geologic Services, Inc. The property's 240 acres lie in a mining district that had produced over 120,000 ounces of gold equivalent by the end of 1962.
A reconnaissance report prepared in 2008 determined that Gold American's holdings represent sufficient resources to justify the next phase of the property's expansion.
Boise Inc. (NYSE: BZ) will hold a webcast and conference call to discuss second quarter 2010 earnings. The conference call, which will be hosted by Alexander Toeldte, President and Chief Executive Officer, will be held on Tuesday, August 3, 2010, at 12:00 p.m. ET.
Headquartered in Boise, Idaho, Boise Inc. manufactures packaging products and papers including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp. Boise Inc. employees are committed to delivering excellent value while managing businesses to sustain environmental resources for future generations.
Barrick Gold Corporation (NYSE:ABX) is the gold industry leader, with interests in 26 operating mines and a pipeline of projects located across five continents, in addition to large land positions on some of the most prolific mineral districts.
Barrick generated $2.9 billion in adjusted operating cash flow2 in 2009. As at December 31, 2009, the Company had $2.6 billion in cash and a $1.5 billion undrawn line of credit.
With the industry's largest production of 7.4 million ounces in 2009 and its largest reserves of 139.8 million ounces, Barrick offers investors exceptional leverage to higher gold prices. The Company also has 6.1 billion pounds of copper reserves and 1.06 billion ounces of contained silver within gold reserves as at December 31, 2009.
Barrick is committed to sustainable economic development, environmental stewardship and a culture of safety. Barrick was added to the Dow Jones Sustainability Index World in 2009 for the second consecutive year and maintained its listing on the Dow Jones Sustainability Index North America for the third year in a row.
For 2010, Barrick expects higher gold production of 7.68.0 million ounces and copper production of 340-365 million pounds.
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