The junior explorer that set the Australian share market on fire in recent months, Sandfire Resources has discovered a new massive sulphide lode east of its Degrussa and Conductor 1 discoveries at Doolgunna in Western Australia's Murchison goldfield.
Cluff Gold has raised its mineral resource at the very promising Baomahun gold project in Sierra Leone to over the 1 million ounce bracket and plans scoping study for completion Q1 2010
ScotiaMoccatta's forecasts for 2010 project rhodium as potentially the strongest performer in the precious metals sector, with price gains of up to two-third from today's levels. Silver is expected to make further gains on top of this year's powerful performance with the potential to trade up to 42% higher than current levels.
With a strong rand depressing the gold price receivable, and continuing cost pressures, the outlook for Q3 results for the South African gold producers is seen as bleak
The World Gold Council's latest Gold Investment Digest, which covers activity to the end of Q3, noted gold demand rising on continuing dollar weakness and signs of a stronger global economy.
