Gold

Perseus Mining (PRU)

Stock Code

PRU

Stock Exchange

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Perseus Mining Limited (PRU) is an exploration company searching primarily for gold, with tenements mainly in West Africa and Central Asia. Key projects are located in the Ashanti Belt of Ghana, Morila-Tongan in Mali and Cote d'Ivoire, and in the Kyrgyz Republic section of the Tien Shan gold belt. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted.

Medusa Mining (MML)

Stock Code

MML

Stock Exchange

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Medusa Mining (MML) produces Gold (Au) from the Co-O mine in the Philippines, where it is also actively exploring for new Gold-Copper (Au-Cu) deposits. MML is debt-free. Total resources are 2.03Moz, with 1.0Moz @ 14.9g/t of Probable Reserves at the Co-O mine. The treatment plant is being expanded to 1,000t per day. Phase 2 expansion is designed to increase production from 60,000 to 100,000ozpa by 1QCY10. Ore will come from the Co-O mine. Exploration is increasing the resource base and defining new projects.

Eldorado Gold Corporation (EAU)

Stock Code

EAU

Stock Exchange

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Eldorado Gold Corporation (EAU) is a gold producer active in exploration and development in Brazil, China, Greece, Turkey and surrounding regions. The company's goal is to produce over 1 million ounces of gold annually by 2013. As one of the lowest cost gold producers - one with a strong balance sheet and no hedge positions. They are well positioned to grow in value as they create and pursue new opportunities in gold and other resources. EAU was listed on the Australian sharemarket on 7 December 2009.

Acclaim Exploration NL (AEX)

Stock Code

AEX

Stock Exchange

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Acclaim Exploration (AEX) is involved in mineral exploration. AEX was listed on the Australian Stock Exchange (ASX) on 16 August, 1984. Their Wingella project has been sold to Metals X with Acclaim now a majority shareholder in MLX. AEX is primarily focused on the Dalton Uranium and Gold Project in South Africa whiere proposed drilling targets have been identified. The Denny Dalton Project is located approximately 70 km south south-west of the town of Vryheid in the north of the province of KwaZulu-Natal , Republic of South Africa.

Oxiana (OXR)

Stock Code

OXR

Stock Exchange

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An exploration and mining company, Oxiana Limited (OXR) is engaged in the mining and exploration of gold, copper, precious and base metals. Its production of copper and gold is done in the company’s two mines located in Laos. OXR was listed on the Australian Stock Exchange on the 1st of January 1970. Its average annual revenue reaches approximately $1 billion out of its issued capital of $25 million. Its headquarters is located in Melbourne, Australia and to date; around 150 employees are employed in the company.

Lihir Gold (LGL)

Stock Code

LGL

Stock Exchange

ax

Lihir Gold Limited (LGL) is an Australian-based gold mining company engaged in the mining, exploration and gold processing in the Australasian region. LGL’s processing and gold mine facilities are located on Lihir Island, an island situated in the province of New Ireland in Papua New Guinea. Although the company is headquartered in Port Moresby, Papua New Guinea, it operates mainly in Australia. LGL was listed on the Australian Stock Exchange on the 9th of October, 1995. Its annual revenue reaches $498 million out of its issued capital of $873,822.

ASX Top Australian Gold Mining Companies List

27 July, 2010 - 15:15

Is the ASX top Australian Gold Mining list published anywhere? Updates?

The ASX Australian Gold Mining, these are among the top Australian Gold Mining companies on the Australian stock by market capitalisation are all included and represented on the ASX Australian Gold Mining Index. This list of companies by market capitalisation is not guaranteed to be up to date when you access this data. It was current at close of business 26th July 2010.

List of ASX Top Australian Gold Mining Companies

Australian Gold Mines 2010


Australian Gold production is set to reach $10 billion in 2010 as output is increased at a time of historically high gold prices. In 2009, Australia produced 227 tonnes (or 7.3 million ounces) of Gold (increase of 3 percent on 2008). At current gold prices of $1250 for an ounce of Gold, the Australian gold output of 2009 would have fetched $9 billion. With the high gold prices, this precious metal is set to be Australia's third biggest export earner after iron ore and coking coal.

Bank Stocks Gain as Markets Open Higher


As the Westpac's deal foresees counter bid from other banks, trading of bank stocks have plummeted over the last week. The Big Four banks have rallied and the five biggest players have touched their record high. The Westpac deal with St. George has renewed interest in bank stocks which are usually taken as safe haven. According to portfolio manager, Matthew Kidman from Wilson Asset Management, "For 10 years everyone has said that banks are a safe haven -- and they're definitely not that because they're highly geared and we've seen the share prices get thumped."

George Soros, Elections, US Dollar, Oil and Gold


The week has been an eye opener for market watchers, traders and investors alike. We’re at a crossroads. (Aren’t we always at a crossroad?) Australia is going to elections at the end of November on Saturday 24th. US elections are coming too but that’s next year. Billionaire investor George Soros is warning of an impending market correction. The US dollar is continuing to decline all the while oil and gold is seeing all time highs. There you have it, the five topics that have caught my eye in the past week: George Soros, elections, the US dollar, oil and gold.

Australian Elections

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