Sunday, March 31, 2013

10 Largest Gold Mines

10 Largest Gold Mines



1. Grasberg Gold Mine is in the Indonesian province of Papua and produced 2,025,000 ounces of gold, according to the annual report of Rio Tinto Plc. The mine is majority owned by Freeport-McMoRan Copper & Gold Inc. Besides gold, it also produces silver and copper.
2. Muruntau Gold Mine is about 250 miles west of the capital in Uzbekistan. It is believed to have produced approximately 1,800,000 ounces of gold in 2012. The project is run by state-owned Navoi Mining and Metallurgical Combinat.
3. Carlin-Nevada Complex is in Nevada and produced 1.735 million ounces in 2010. It is owned by Newmont Mining Corp. and includes both open-pit and underground operations.
4. Yanacocha Gold Mine is in northern Peru and is the largest gold mine in Latin America with 1.46 million in 2011. It is run by Newmont Mining and owned by Newmont Mining and Buenaventurda, a Peruvian company.
5. Goldstrike (Betze Post) Gold Mine is northwest of Elko, Nevada and produced 1.24 million ounces of gold in 2012. It is owned by Barrick Gold Corp.
6. Cortez Gold Mine -- This mine, which is southwest of Elko, Nev., produced 1.14 million ounces of gold last year. It is owned by Barrick Gold.
7. Veladero Gold Mine -- This mine, which is in Argentina, produced 1.12 million ounces of gold last year. It is owned by Barrick Gold Corp.
8. Lagunas Norte Gold Mine is in north-central Peru and produced 808,000 ounces of gold. It is owned by Barrick Gold.

9. Lihir Gold Mine in Papua New Guineau, produced 790,974 ounces of gold. It is owned by Newcrest Mining Ltd.

10. Super Pit/Kalgoorlie is an open-cut mine in Western Australia which produced 788,000. It is 50-50 owned by Barrick Gold and Newmont Mining.
Boddington, Australia. Gold Production 741,000 oz in 2011. Newmont Mining.


Saturday, March 30, 2013

Major Problems in FAU.v land? - duh

So the creditor installed management dorks have wreaked their dopey magic and damn what a surprise, there are MAJOR problems in the henhouse for some completely unexplained reason.

Despite the bestus core ever seen by a monkey on planet earth this dopeshow STILL can't get at the rock for some obvious yet completely undisclosed reason ... i.e. the rock is below the natural water table.
"While the company has made progress in its efforts to become cash-flow positive and has markedly improved its gold production over the course of the past year, this progress has been interrupted by certain events beyond the company's control. As a result, the pace of progress has been insufficient to generate the sustained productions levels necessary to achieve commercial production to date in fiscal 2013. In particular, the company's milling throughput for February and March has been negatively impacted by continued inclement weather, logistical challenges relating to air deliveries of key production supplies and fuel, and unscheduled downtime for equipment repair of the Larox filter, secondary cone crusher and ball mill motor. In the current fiscal year, the company's cash flows have also been hindered by certain liabilities that arose from reconciling concentrate shipments from the second quarter of fiscal 2012.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAU-2054009&symbol=FAU®ion=C

"While these liabilities have been successfully resolved by the company, this resolution did negatively impact current fiscal year cash flows."

This grotesque public offense has been a scam since day bloody one and this monkey has documented EVERY disgusting turn. Sometimes it sure as chit AIN'T rocket science folks.

Tuesday, March 26, 2013

Erwin Speckert busted for $ 1.3m in cash

Apparently the splaining done by Mr. Erwin Speckert wasn't enough to stop authorities from deciding the funds were proceeds of crime.

"B.C. Securities Commission target Erwin Speckert has been criminally charged after he was found carrying $1.3-million in a backpack at a Greyhound terminal in Winnipeg. RCMP say that they received a call to attend the terminal in February, 2012, when they discovered Mr. Speckert carrying the money in $100 bills. He was at the terminal for a stopover on his way to Vancouver.

Mr. Speckert was released with no charges at the time, but on Feb. 26, 2013, prosecutors in Winnipeg charged him with possession of proceeds of crime, trafficking in proceeds of crime, possession for the purpose of trafficking in proceeds of crime and laundering of proceeds of crime. He turned himself in to police on Friday, March 25, and after a court appearance was released.
The appearance was subject to a publication ban. Several Winnipeg media outlets reported his arrest on Monday, with the Winnipeg Free Press saying that the money was allegedly the proceeds of illegal gaming in Ontario.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*BCSC-2052597&symbol=*BCSC®ion=C

Sunday, March 24, 2013

Suspects arrested in Mariposa gold heist

On Nov 14, 2012 it was reported four men suspected in the heist of more than $1 million in gold and gems from the California State Mining and Minerals Museum in Mariposa have been arrested, investigators said, adding that more arrests were possible.

Men dressed as ninjas and armed with pick-axes broke into the Sierra foothill museum Sept. 28 2011, in broad daylight, and herded two employees into a far room before smashing display cases.
But the thieves failed to get away with the facility's most prized possession: The Fricot nugget, nearly 14 pounds of crystalline gold believed to be the largest nugget to survive the California Gold Rush. The intruders triggered an alarm system, which automatically closed the doors to the nugget's vault. But they dove out of the vault in time and escaped the museum with other artifacts.

A spokesman for the California Highway Patrol -- the lead agency investigating the state museum break-in -- said some of the stolen gold with quartz had been recovered.


Saturday, March 23, 2013

Teacher inherits $ 7m in Gold coins

"A California substitute teacher will inherit over $7 million in gold coins found in her recluse cousin's home after his death.

A Carson City, Nev., judge ruled Tuesday that Arlene Magdanz was Walter Samasko, Jr.'s only cousin and therefore entitled to his fortune, according to the Associated Press.

Samasko, 69, died in May due to heart problems and was not discovered until June when neighbors complained of an odor coming from his house.

When authorities went to clean out his Carson City home, they found boxes of gold coins in his home and garage.

"He was quite a hoarder. He had boxes and boxes and boxes of things," Carson City Clerk Alan Grover told ABCNews.com in September. Grover said there were many containers of food and cans. Grover said the coins were in boxes marked "books." There were also coins wrapped in aluminum foil and stored in ammunition boxes. There were Mexican, British and Austrian coins dating as far back as the 1870s. There was so much gold that Grover used a wheelbarrow to carry the fortune to his truck. The coins were first moved to a bank vault and later moved to armored vehicles. Samasko had no will and no immediate relatives. He was cremated and the remains were flown to Chicago to join his mother who died in 1992. Using the funeral attendance list from Samasko's mother's funeral, Grover tracked down Magdanz, Samasko's first cousin in San Rafael, Calif.
Samasko had only $200 in the bank at the time of his death, according to the Las Vegas Sun, but had stock accounts totaling in $165,000 and had been living off of his investments. Grover said one of his first thoughts upon seeing the thousands of coins was, "What was a guy like this doing with his kind of money in just a regular house?"

http://gma.yahoo.com/blogs/abc-blogs/calif-teacher-inherits-recluse-cousins-7-million-gold-192002163--abc-news-topstories.html




Widget


Contact


RSS

Long Knives out for J. Frank Callaghan - ReDux III

3 weeks to go before the long delayed and much anticipated Barkerville Gold (BGM.v) AGM and the pooh is getting hot and heavy on sedar. http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005589

Along with the brand spanking new "Advance Notice Policy" J. Frank also has a "Code of conduct" for the appreciative masses as well. If J.Frank has failed to turn over any rocks before the throwing we certainly can't imagine what they are.

What would be ultra interesting would be for J. Frank to repeat the horrific conduct of grossly entrenched St Elias (SLI.v) management types. Surely the man must be wondering. If Lori Doodle and her gang of ethical rejects can dissallow 91% of the dissident votes at the AGM with no consequences whatever why can't he?


___________________________________________


J. Frank has followed the footsteps of our SLI.v management types and has announced the board approved an "ADVANCED NOTICE POLICY"

The imposition of a swack of arcane terms and conditions can only assist entrenched types stay that way, certainly not the opposite. Will the BGM.v annual meeting become degraded to the horrid SLI levels? Only the shadow knows but the table is set for some too interesting fireworks, again.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2041106&symbol=BGM®ion=C
___________________________________________


Barkerville Resolves Shareholder Petition respecting AGM and Pours Gold Bar

"Vancouver, BC -- Barkerville Gold Mines Ltd. ("Barkerville" or the "Company") wishes to announce that the parties have recently reached an agreement (the "Agreement") to resolve the previously filed petition (the "Petition") in the Supreme Court of British Columbia ..."

1. the Company's Meeting for the year 2012 will be held at 1500 -- 1055 West Georgia Street, Vancouver, British Columbia, at 10:00 am on Tuesday, April 16, 2013, as previously called by the Company, in accordance with all applicable laws."
J. Frank thought it best to semi-cooperate with the naysayers whilst throwing a bone to the howling wolves in the form of a gold bar that for damn sure cost far more to produce than its worth. Thats what we call Venture promotion 101 and anything less from a man with the pedigree of J. Frank would be disappointing. Take a bow Sir ... arsesome poohery. (And do we know of another Venture DitzBag that OUGHT to be taking notes?)

___________________________________________
Mr. Callaghan's severely hornet stung pee pee got some more bad news yesterday as major stakeholders are lining up with the massive unmitigated cajones to demand a, gasp, AGM.

"Barkerville Gold Mines Ltd. and its president, Frank Callaghan, are facing an action in the Supreme Court of British Columbia from a shareholder who wants the company to hold its annual general meeting and wants to install three new directors. Rex Harbour, who owns 7.1 million Barkerville shares, says the company has not held an AGM since Aug. 26, 2011. He says that the meeting is long overdue, especially given the company's precarious financial condition, and he is asking the courts to compel the company to hold the AGM."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2023322&symbol=BGM®ion=C
J. Frank best be treading carefully because the opposition includes former Placer Dome Inc. president Mr. Peter Tomsett.

Story on the side is the fact J. Frank recently dug into his piggy bank to finance (through a debenture - Hardy Har) the rush to produce a REAL 43-101. On the other hand we have the opposition saying J. Frank has "received $7-million in compensation over the past 18 months, either directly or through a drilling company he controls".

(Forget 18 months, J. Frank's drilling company has been grossly and ridiculously profitable for 20 years+.)



Thursday, March 21, 2013

Ciudad Blanca - 'White City' of Gold

The legend of the fabulous lost city of Ciudad Blanca - 'White City' of Gold was first recorded by Hernan Cortes who, in 1526, less than five years after vanquishing the Aztecs, came to the colonial town of Trujillo, on the north coast of Honduras.

In 1544, Bishop Cristobol de Pedraza, the Bishop of Honduras, wrote a letter to the King of Spain describing an arduous trip to the edge of the Mosquito Coast jungles. He tells of looking east from a mountaintop into unexplored territory, where he saw a large city in one of the river valleys that cut through the Mosquito Coast. His guides, he wrote, assured him that the nobles there ate from plates of pure Gold.
In June 2012, a team of scientists using advanced laser mapping detailed a remote region of Honduras that may be the legendary lost city.

Flying over the Mosquitia region in a small plane shooting billions of laser pulses at the ground, they created a 3D digital map of the topology beneath the jungle canopy.

Ciudad Blanca has played a central role in Central American mythology. Text's cite it as the birthplace of the Aztec god Quetzalcoatl and previous reported sightings over the years have described golden idols and elaborately carved white stones, leading to the lost city's name.

http://www.dailymail.co.uk/news/article-2156900/Legendary-lost-White-City-gold-discovered-dense-Central-American-jungle-advanced-laser-mapping.html


Widget


Contact


RSS