M&A Activity: Gold Mining In The Philippines

TORONTO • Gold mining stocks have been decimated in recent months, but Jamie Sokalsky does not think investors should expect any corresponding uptick in M&A activity. Speaking at the Bloomberg Canada Economic Summit, the chief executive of Barrick Gold Corp. said there is a general “anti-M&A” mood in the gold space right now, and that investors don’t even ask him about it much anymore.

By Microcap Bargin Hunter: Company overview Claude Resources (CGR) is a Canadian gold producer with three mining projects all located in Canada, including:

ByAdam Davidson:What is the Ring of Fire? "The Ring of Fire is one of the most promising mineral development opportunities in Ontario in almost a century. Located in Ontario's Far North, current estimates suggest the multi-generational potential of chromite production, as well as significant production of nickel, copper and platinum." The italicized material is quoted from the Ring of Fire Secretariat of the Government of Ontario, Ministry of Mines and Northern Development.

By Stock Croc:As the United States debt escalates upward, inching ever closer to 100 percent of the country's GDP, we are continuing to see some fairly unstable markets - both state side and abroad. Due to this, over the past few years, we've seen an enormous run-up in the price of gold - and it is likely to continue for some time.

Arian Silver (LON:AGQ), the mining group working on projects in Mexico’s silver belt, has published a revised mineral resource estimate for its 100% owned San Jose property in Zacatecas State. The upgrade, which was produced in line with Canada’s (NI) 43-101 code, is Arian’s first re-assessment since August 2008. Among the highlights is an 86% increase in resource tonnage along the main San Jose Vein (SJV), together with a 10% higher average silver grade, a 105% increase in contained silver, and now puts 34% of gross silver mineral content in the ‘indicated’ category.

Benzinga submits:With gold and silver’s luster seemingly increasing every single day, I am the lookout for stocks trading below $10 with highly levered balance sheets. These stocks will move in dramatic fashion, both up and down, given a respective move in the prices of the precious metals they mine.

Medusa Mining (LON:MML) recently released its Activities Report for the final quarter of 2010 and its key operation the Co-O Mine in the Philippines once again delivered the goods. The mine produced a quarterly record in gold production and continues, on the exploration front, too deliver outstanding results. It is no surprise that Medusa’s confidence in the Co-O continues to grow. Plans to expand the mines capacity have been put into place and cash flowing from the Co-O mine has allowed an increase in activity at its other project sites.