Working in a marketplace with long lead times and large capital expenditures requires patience and fortitude. Capital seems to flow like water with very little return coming from it. If, however, an investor is willing to stick out the long lead times, or happens to time the development cycle correctly, large veins of profit are likely.

Capital Gold Corp., a gold production and exploration company, works to extract gold from its El Chanate gold property in northern Mexico. Positive recent news has found that a former partner company has decided not to exercise its one-time “back-in option” for this mining property - allowing Capital Gold to move forward with future plans.

The company appears to have a fairly stable operation running with its El Chanate gold property. An average monthly output of 4,200 oz. has enabled the company to assess its position and make plans. Organic growth is the key element of

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Big miners drag down share market THE Australian share market was weaker at noon as losses in the resources sector continued to weigh, although banking stocks recovered. At 12 noon AEST, the benchmark S&P/ASX200 index was down 26.5 points to 5114.4 while the broader All Ordinaries shed 30.6 points to 5230.5. The September share price index futures contract was 20 points lower at 5118 on a volume of 20,255 contracts. During the morning, the S&P/ASX200 index had reached a low of 5060.6, close to its 2008 trough of 5039.60 reached on March 17. Macquarie Equities adviser Helen Spencer said banking stocks had recovered from their morning lows as investors took heart from increased confidence that the central bank was unlikely to raise interest rates again this year. “While the market pulling is down a bit because of resources, the financials have had a great result,” Ms Spencer said. “Talk about holding interest rates steady would also be ...

By Mike Caggeso Associate Editor Spot price of gold eclipsed $935 in trading Monday, its first time above the mark since May 22, as another fresh round of record oil prices exacerbated existing market-wide turmoil. In light of the Federal Reserve’s decision to hold interest rates at 2.0% - its first rate freeze since September 2007 - many thought the dollar would rebound, and in turn, sweep the legs out from under gold. But the opposite proved true and gold rallied to its highest price in more than a month. Story continues below… Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” ...

“I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said…” With those mealy words, America’s Depression-era president ventured from bad luck into treachery. The Executive Order he issued on the 5th of April 1933 confiscated Americans’ private holdings of gold, then valued at $20.67 per ounce. Then, in January, 1934, the U.S. president fixed the price of gold at $35. All of sudden, Americans’ dollars had been devalued by 69.3%. Whether this act of nationwide larceny did the economy any good or not, we cannot say. It was not until after World War II that the economy fully recovered the spring in its step. And U.S. stock prices didn’t return to their ‘29 highs until 1950. But there is hardly an act of government so foolish or so maladroit that subsequent politicians won’t provide an encore. This week, ...

Seabridge Gold Incorporated is a mining company that engages in the acquisition, exploration, and development of mineral properties in Canada, Mexico, and the United States. The primary target for Seabridge Gold is gold itself, but several of its projects have copper as a byproduct of mining. With the value of copper rising along with the price of gold, it is not a bad problem for the company to have.

The company is led by a management team with a highly diverse background, and includes financial experts, miners, engineers and even certified geologists. President and CEO of the company, Rudi Fronk, has over 20 years of experience in the gold business and has served as both a senior officer and director of other publicly traded companies. Several other directors bring at least 20 years of experience in their respective fields and are willing to make the necessary sacrifices

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Source: Fortune  06/12/2008
Back in 2001, the executives running Australian mining giant BHP Billiton sensed that China’s economic growth was gaining critical mass. So they commissioned a study on how the country’s rapid industrialization might affect the global markets for copper, coal, iron ore, oil - all the stuff that the company pulls out of the earth and sells.

“The results were quite - well, ‘outrageous’ is probably the right word,” CFO Alex Vanselow told me when I visited BHP’s headquarters in Melbourne a few months back. “Because we didn’t believe it. We thought something must be wrong. If our models were right, the pressure China would put on the world would be tremendous.”

But the more they tinkered with their models, the more unbelievable the results became. The fast-growing per-capita income of China’s billion-plus people pointed toward a massive thirst for raw materials. When the researchers added India’s potential for growth …

The Gold Report checks in again with Hans Peter Schmidlin, CEO of Precious Capital Ltd. in Zurich. We last interviewed Schmidlin in February (see that interview here) and wanted to get his latest thoughts on gold and the economy. The firm’s Precious Capital Global Mining & Metals Fund invests mainly in the leading global mining companies as well as some junior companies in the mining sector. Schmidlin, who has over 20 years experience in technical analysis, is the former Head of Trading ABN Amro Bank, Zurich, and Founder and editor TnP Research, Baar

TGR: A lot of the buzz here is about the price of gold, currently about $927. All of our sponsors, particularly the gold mining stocks, are waiting for an increase to start funding the mines.

HPS: There are two important points about the price correction in gold. The first one is the anti-correlation …