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	<title>Stock Blog Hub &#187; NGD</title>
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		<title>(GG) Goldcorp Incorporated Produces Record Quantity of Gold</title>
		<link>http://www.stockbloghub.com/2010/01/12/gg-goldcorp-incorporated-produces-record-quantity-of-gold/24748</link>
		<comments>http://www.stockbloghub.com/2010/01/12/gg-goldcorp-incorporated-produces-record-quantity-of-gold/24748#comments</comments>
		<pubDate>Tue, 12 Jan 2010 23:23:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[GG]]></category>
		<category><![CDATA[Goldcorp Inc.]]></category>
		<category><![CDATA[New Gold Inc]]></category>
		<category><![CDATA[NGD]]></category>

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		<description><![CDATA[Goldcorp Inc. (GG), the world’s second-largest gold producer, yielded over 2.4 million ounces of gold in 2009, exceeding the previously announced guidance of 2.3 million ounces. The results were driven by the surge in gold prices in the latter half of 2009. Fourth quarter 2009 gold production totaled 601,000 ounces. Total cash costs are expected to be about $295 per ounce of gold. The company ended the year with $865 million in cash. Goldcorp has also provided production and cash cost guidance for 2010. The company expects to produce about 2.6 million ounces of gold at a cash cost of approximately $350 per ounce. Goldcorp expects capital expenditures of $1 billion in 2010, of which about $485 million has been budgeted for Pueblo Viejo in the Dominican Republic for an ]]></description>
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		<title>(GG) Goldcorp to Acquire 70% of EI Morro Copper-Gold Mining Project</title>
		<link>http://www.stockbloghub.com/2010/01/10/gg-goldcorp-to-acquire-70-of-ei-morro-copper-gold-mining-project/24587</link>
		<comments>http://www.stockbloghub.com/2010/01/10/gg-goldcorp-to-acquire-70-of-ei-morro-copper-gold-mining-project/24587#comments</comments>
		<pubDate>Sun, 10 Jan 2010 23:40:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[ABX]]></category>
		<category><![CDATA[Barrick Gold Corporation]]></category>
		<category><![CDATA[GG]]></category>
		<category><![CDATA[Goldcorp Inc.]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[New Gold Inc]]></category>
		<category><![CDATA[Newmont Mining Corporation]]></category>
		<category><![CDATA[NGD]]></category>

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		<description><![CDATA[Goldcorp Inc. (GG), the world’s second-largest gold producer, has announced its plans of acquiring a 70% stake in the EI Morro copper-gold mining project in north-central Chile. Goldcorp plans to advance a loan of $463 million to New Gold Inc. (NGD), which owns 30% of the mine and has a right of first refusal to buy the stake. With the proceeds of the loan, New Gold will acquire the remaining 70% stake in El Morro from Xstrata PLC. Goldcorp will then buy the entire stake off New Gold for $50 million in cash. In October last year, Barrick Gold Corporation (ABX), the world&#8217;s biggest gold producer, had made a $463 million bid for Xstrata&#8217;s interest in the El Morro mine. As a minority stakeholder, New Gold had been granted a ]]></description>
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		<title>(ABX) Barrick Gold Corporation to Acquire Chilean Mine</title>
		<link>http://www.stockbloghub.com/2009/10/14/abx-barrick-gold-corporation-to-acquire-chilean-mine/17608</link>
		<comments>http://www.stockbloghub.com/2009/10/14/abx-barrick-gold-corporation-to-acquire-chilean-mine/17608#comments</comments>
		<pubDate>Wed, 14 Oct 2009 16:30:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[ABX]]></category>
		<category><![CDATA[Barrick Gold Corporation]]></category>
		<category><![CDATA[New Gold Inc]]></category>
		<category><![CDATA[NGD]]></category>

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		<description><![CDATA[Barrick Gold Corporation (ABX), the largest gold mining company in the world, has entered into an agreement with Xstrata Copper Chile S.A., a wholly owned subsidiary of Xstrata Plc, to acquire Xstrata’s 70% interest in the El Morro project for $465 million in cash. Another Canadian miner, New Gold Inc. (NGD) owns the remaining 30% interest in El Morro. The El Morro gold project is located in the Atacama Region in Chile. The project has total measured and indicated resources of about 8.3 million ounces of gold and about 6.3 billion pounds of copper. The acquisition will add another large, high quality gold-copper resource to Barrick’s portfolio. In Chile, Barrick already controls a project, which is entering construction, called Pascua-Lama. It also has a 50% stake in another mine, the ]]></description>
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