With the price of gold inching toward the magic figure of $1,000 a troy ounce
, mining companies are on the verge of taking a second look at offshore Alaska gold.
December gold futures, representing the price of one troy ounce
of the metal, has traded from a low of $1,048.
Gold Fields (NYSE: GFI), one of the world's largest gold exploration and development companies and South Africa's second largest gold producer, is aiming to produce five million troy ounces
of gold per annum in the next five years, Gold Fields CEO Nick Holland has announced.
says the overall geological potential of the Polaris-Taku property could be from 3 million to 5 million troy ounces
The contract requires an increase in production rate to one hundred (100) troy ounces
of gold bullion per day within eighteen (18) months.
For the first month of commercial operations in January 2007 covering just 26 operating days, Pearl Asian produced a total of 312 grams (10 Troy Ounces
, with 31.
43m ounces in the first half of 2010 and aims to produce around two million troy ounces
of gold per annum.
is a gold mining company with operations in North and Central America, producing annually over 400,000 troy ounces
International Resource News-22 July 2010-African Consolidated's Blue Rock project reports 270,000 troy ounces
of gold(C)2010 ENPublishing - http://www.
33 grams per ton of gold ore and can produce an output of approximately 15,083 grams of gold per day at 30-day month production (15,083 X 30 days) the output of 452,475 grams or 14,596 Troy Ounces
The mines produced 99,936 troy ounces
in 2009 against 54,252 ounces produced in 2008.