Again a busy day with a lot of mining news:
Pierre Lassonde, Chairman of the World Gold Council, and President of Newmont Mining Corporation, one of the world’s largest gold producer, commented: ‘It’s with great pleasure that we are welcoming the addition of seven new members to the World Gold Council.
Source: World Gold Council
For sure, Gold is a good business. The news of Bloomberg.com prove this:
Gold is driving the mining sector right now,” (…) an analyst at Peru’s third-largest brokerage (…)said in a phone interview.
Gold output in Peru, the world’s No. 5 producer of the metal, jumped a quarter on a 10 percent increase at Denver-based Newmont Mining Corp.’s Yanacocha mine and the mid-2005 start-up of Toronto-based Barrick Gold Corp.’s Alto Chicama mine.