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WALL Street's S&P-500 hit a 22-month high overnight and while the Australian market made slight gains today, it was unable to match yesterday's performance.
After hitting a two-month intraday high of 4874.4 points very late in the session, the S&P-ASX 200 dipped again before the final bell.
The index closed 0.2% or 9.9 points up to 4863.1, while the All Ordinaries finished 0.22% or 10.8 points higher to 4877.7.
Materials in the US were strong overnight, but our miners were mixed, despite some good g
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AngloGold Ashanti (NYSE: AU) opened at $38.83. So far today, the stock has hit a low of $38.57 and a high of $39.20. AU is now trading at $39.11, up $0.41 (1.06%). The stock hit its 52-Week high of $47.52 in December and set its 52-Week low of $29.36 in April.
The stock is trading higher today with rising gold prices.
Gold is trading up $3.80 an ounce today to $1,128.00. S&P does not currently have a STARS rating for AU.
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The TSX Venture Exchange has accepted for filing documentation pertaining to an assignment agreement dated March 5, 2010, between Seafield Resources Ltd. and Caribbean Copper and Gold Corp. (CCGC).
Pursuant to the assignment agreement, CCGC will assign its option to acquire the rights, title and 100-per-cent interest in a mining property (the AngloGold option) located in the Quinchia district of Colombia.
Under the terms of the assignment agreement, CCGC will also assign the company its rights to obtain a
more news on: Seafield Resources Ltd news
Mar
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The company has reported possible extensions to both open pit and potential underground mineralisation at its Tropicana gold project.
"Wide-spaced exploration drilling at the Boston Shaker Zone, about 500m north-east of the Tropicana resource, has intersected mineralisation of a similar style to the Tropicana-Havana system," said Anglogold Ashanti senior vice president for Australia, Michael Erickson.
"The Boston Shaker mineralisation currently extends over a strike length in excess of 500m and remain
Wide-spaced exploration drilling at the Boston Shaker Zone, about 500m north-east of the Tropicana resource, has intersected mineralisation of a similar style to the Tropicana-Havana system -Anglogold Ashanti
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AIM quoted gold producer Goldplat has agreed a supply deal with industry giant AngloGold Ashanti which it hopes will boost the overall monthly gold production figures from its reprocessing operation in Ghana.
Goldplat's Ghanaian gold recovery business, Gold Recovery Ghana (GRG), provides an economic method for mines to dispose of waste materials while meeting environmental obligations.
The latest deal will see GRG acquire fine carbon and mill liners, which are by-products from the mining process, from
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