July 24, 2009: Harmony Gold Mining Ltd. (HMY) received approval from the liquidator to acquire Pamodzi Gold mines in South Africa's Free State. The State owned financing agency, Industrial Development Corp. and the National Union of Mineworkers approved Harmony's takeover the assets. Final terms still need to be agreed upon and the acquisition is subject to the transfer of the mining rights to HMY by the government.

July 27, 2009: Harmony Gold Mines Ltd. (HMY) reported a fatality at its Evander No. 2 shaft at Mpumalanga. The mineworker was killed as result of injuries sustained during a fall-of-ground incident. Operations have been suspended while the accident is being investigated and the shaft is inspected. It is estimated that two days production will be lost while the accident is investigated.

July 27, 2009: AngloGold Ashanti Ltd. (AU) announced that its partnership with Australian miner Independence Group will proceed with a feasibility study on its big Tropicana gold project in the eastern hinterland of Western Australia. The deposit is a large, shallow gold deposit that has been intensely drilled and will be assessed as an operation with the potential to produce 333,000 to 410,000 ounces of gold annually. The pre-feasibility was based on a measured to inferred resource of 83 million tons grading 0.06 ounces per ton gold and containing 5.01 million ounces. The estimated capital cost for the plant and infrastructure, excluding mining fleet cost could be about $427 million dollars.

July 27, 2009: IAMGOLD Corp. (IAG) reported a second quarter update on its exploration activities. Exploration expenditures of $54.2 million are planned for 2009, with $34 million set aside for greenfield exploration. Activities will be focused in West Africa, the Guiana Shield in Brazil, the northern Andes regions of South America, and Quebec, Canada. Highlights of the Q2'09 exploration program include 295,200 feet of drilling at Rosebel, Suriname which has encouraging results at Pay Caro and Mayo. A deep hole at Pay Caro confirmed the continuity of mineralization to a depth 820 feet below the current pit design. At Mayo, the main mineralization has been delineated over a strike length of over 1.86 miles. This drilling shows that the deposit remains open both a depth and along the strike to the west. At Eagle Mountain, in Guyana a new resource estimate of 587,800 ounces grading 0.034 ounces per ton gold has been compiled. In Mali, an accelerated $14.9 million exploration budget for work at the Sadiola and the Yatela projects was approved in May 2009. This 18 month exploration program is designed to fully evaluate the remaining oxide potential of the project, and to undertake further evaluation of potential sulfide mineralization. Refer to the press release for additional details.

July 27, 2009: Newmont Mining Corp. (NEM) has extended its gas supply contract in Western Australia with Santos Ltd. for four years. The gas will be used at Newmont's mining operations at Jundee and in its part owned Parkeston power station in Kalgoorlie.

July 28, 2009: Barrick Gold Corp. (ABX) and Perth based, Alchemy Resources announced that they have entered into an agreement over the potential processing of Alchemy's gold from the Hermes project facilities located in Western Australia at Barrick's facilities. Both companies have entered into a Memorandum of Understanding (MOU) to provide a framework for a future binding toll treatment or ore sales agreement. Alchemy will also place nearly 13.9 million shares to raise gross funds of $2.5 million.

July 29, 2009: Agnico-Eagle Mines Ltd. (AEM) reported quarterly net income of $1.2 million. This result includes a non-cash foreign exchange translation loss of $16.7 million, as well as stock option expenses of $5.0 million. In the second quarter of 2008 the company reported net income of $8.3 million. AEM reported a record 119,053 ounces of gold produced in the quarter at a total average cash cost of $326 per ounce, including the first gold poured at Pinos Altos in Mexico. Production for the quarter was 76% more than production in the second quarter of 2008. Commercial production was also reached at Lapa and Kittila (both on May 1, 2009). AEM also approved expansions at Goldex and Pinos Alto, and Meadowbank remains on schedule for a 2010 start-up. Refer to the press release for project details.

July 29, 2009: Goldcorp Inc. (GG) reported gold production of 582,400 ounces of gold for the second quarter of 2009, an increase of 5% over the year earlier quarter. The company remains on track to meet its full year guidance of 2.3 million ounces of gold. Adjusted net earnings for the quarter were $99.2 million or $0.14 per share. A non-cash foreign exchange loss on the revaluation of future income tax liabilities led to a reported net loss of $231.6 million of $0.31 per share. The total cash cost for the quarter was $310 per ounce on a by-product basis, and $299 for the first half of 2009. Total cash costs on a co-product basis were $402 per ounce compared to a $432 per ounce in the second quarter of 2008. Refer to the press release for a review of operations and project updates.

July 30, 2009: Barrick Gold Corp. (ABX) reported net income of $492 million for the second quarter compared to $485 million in the second quarter of 2008. Operating cash flow in the quarter rose 42% to $718 million compared to $505 million in the year-earlier quarter. Second quarter production was 1.87 million ounces of gold at a total cash cost of $452 per ounce. The realized price for gold produced in the quarter was $931 per ounce. ABX remains on track to produce 7.2 - 7.6 million ounces of gold at a total cash cost in the range of $450 - $475 per ounce. During the quarter ABX made the decision to go ahead with construction of Pascua-Lama which is expected to produce 750,000 - 800,000 ounces of gold per year. ABX has numerous mines that are undergoing construction and expansion. These include Cortez Hills, Pueblo Viejo Buzwagi. Refer to the press release for operations, development, and financial details.

July 30, 2009: Gold Fields Ltd. (GFI) reported that its unit, Gold Fields Horsefly Corp. has entered into an option with joint venture partners Cariboo Rose Resources Ltd. and Fjoridland Exploration Inc. Gold Fields Horsefly can earn up to a 70% in this Woodjam Joint Venture (WJV). The joint venture is 60% owned by Fjoridland, and 40% owned by Cariboo Rose. Gold Fields Horsefly may earn an initial 51% by spending C$7 million in exploration and paying C$350,000 in cash to WJV, over a 3 year period with a minimum expenditure of C$1 million in the first year. Gold Fields Horsefly can extend the option to earn an additional 19% interest in WJV by funding an additional C$12 million in exploration over a 4 year period. To date WJV has spent C$7 million on the Woodjam property

July 31, 2009: Barrick Gold Corp. (ABX) announced that it is shutting down one of two mills at its Goldstrike Mine in Elko County, Nevada on August 31, 2009. ABX also reported that the 100 affected employees will be offered jobs at other sites in the area. The shutting down of one mill will slow operations, but will keep the operation running longer if it were processing at full capacity provided by two mills.

July 31, 2009: Barrick Gold Corp. (ABX) turned the corner in its battle to contain rising mining costs as the global economic downturn is easing the upward pressure on wages, diesel fuel and other key expenses. Ballooning costs for years have reduced the effect of rising bullion prices. While the price of gold has surged 139% in 5 years, the price of ABX stock has return only 85% (in U.S. dollars). Aaron Regent, ABX's Chief Executive Officer, stated in a conference call with analysts and investors on July 30, 2009, in Toronto, that this trend will start to reverse. Mr. Regent expects lower prices for equipment, oil, and other commodities, as well as a series of new lower-cost mines that will begin gold production in the next couple of years

July 31, 2009: AngloGold Ashanti Ltd. (AU) has taken advantage of a strong earnings position to further reduce its gold hedge book in July by 1.4 million ounces. This brings the total amount of gold hedged to less than a single year's production. AU's hedge commitment now stands at 4.47 million ounces, down from 5.84 million ounces at the end of the first quarter.

July 31, 2009: AngloGold Ashanti Ltd. (AU) reported an 11% increase in second quarter adjusted headline earnings to a record, after improved performance from its Tanzanian and Ghanaian operations. Adjusted headline earnings increased to $167 million in the quarter ended June 30, 2009 compared to $150 million in the previous quarter. AU's production for the quarter rose to 1.27 million ounces at a total cash cost of $472 per ounce. Production from the prior quarter was 1.103 million ounces at $445 per ounce. AU expects third quarter production to reach 1.2 million ounces at a total cash cost of approximately $530 per ounce. Full year production guidance has been reduced from an estimated 4.9 million to 5.0 million ounces to an estimated 4.7 million to 4.8 million ounces as a result of safety stoppages combined with mill repairs during the first quarter at Geita and lower than anticipated recoveries from Cripple Creek & Victor in the U.S.

July 31, 2009: Gold Fields Ltd. (GFI) reported that its Beatrix Gold Mine has achieved accreditation with the International Cyanide Management Code. Beatrix is the fourth of GFI's nine mines to achieve this accreditation. The Cyanide Code has been recognized as best practice for cyanide management in the gold mining industry by the World gold Council and the Council for Responsible Jewelry Practice.

August 3, 2009: Hecla Mining Company (HL) reported a 24% increase in silver production in the second quarter of 2009. Production in the quarter was 3 million ounces compared to 2.4 million ounces in the second quarter of 2008. The increase in production was largely a result of production at the Lucky Friday. HL also reported a 28% decline in the cash cost of production as a result of improved productivity and improved metal prices. Significantly higher grades were mined at Lucky Friday. The mine reported a 31% increase in production to 868,339 ounces. Average total cash costs were $6.41 per ounce of silver after by-product credits were factored in, down from $6.93 per ounce in the second quarter of 2008. Lucky Friday also produced 5,297 tons of lead and 2,356 tons of zinc in the second quarter of 2008.

August 4, 2009: Yamana Gold Inc. (AUY) announced its financial and operating results for the second quarter of 2009. Revenue for the quarter was $268.8 million. Net earnings were $9.6 million, this compares to net earnings of $42.1 million for the second quarter of 2008, a 77% decline. The decline in earnings was largely a result of lower silver and copper prices, a $34.1 million unrealized loss on derivatives and a foreign exchange loss of $28.5 million. Total production from all HL mines in the quarter was 289,574 gold equivalent ounces. This production also includes 15,000 gold equivalent ounces produced but not sold in the second quarter due to timing, and will be sold in the third quarter. Production at AUY's operations at Chapada, Brazil, El Penon, Chile, Jacobina Brazil, Minera Florida, Chile, and Fazenda Brasiliero, Brazil all improved. Mining at Gualcamayo, Argentina started commercial production effective July 1, 2009, and pre-commercial production for the first half of 2009 was 44,800 ounces. The company expects to commercial production for the remainder of 2009 to reach 75,000 ounces of gold. AUY expects to produce 1.1 gold equivalent ounces in 2009. Refer to the press release for additional operational and financial details.

August 5, 2009: Newmont Mining Corp. (NEM) announced that production will begin at its Boddington mine in Western Australia this month. Boddington will be Australia's largest gold mine with an annual production capacity of about 1 million ounces at a projected cost of about $300 per ounce. NEM reported on July 24, 2009 that its second quarter profit fell 40% to $162 million, partly because of a $42 million after-tax charge to acquire 33% of Boddington.

August 5, 2009: AngloGold Ashanti Ltd. (AU) reported that local workers in Ghana went on strike. Prince William Ankrah, Chairman of the Mines Workers Union said that imbalances and disparities in pay and working conditions compared with those of expatriate staff resulted in about 5,000 employees from the Obuasi, Tarkwa, and Idruapem mines to stop work until the disparities can be reduced.

August 6, 2009: Coeur d'Alene Mines Corp. (CDE) posted stronger than expected quarterly second quarter 2009 profits, recovering from a year earlier loss, as silver production soared 74%, primarily from two new mines in Bolivia and Mexico. CDE expects further growth in production and cash flow from the Palmarejo mine in Mexico and San Bartolome in Bolivia as these mines reached full production and accounted for 58% of the company's production. Second quarter production was a record 4.3 million ounces of silver. CDE expects full year production to reach about 8.4 million ounces. Net earnings for the quarter were $11.6 million compared to a year earlier quarterly loss of $6.4 million. Revenue rose almost 50% to $73.2 million. CDE also reported that gold production will begin in the second half of 2010 from its Kensington, Alaska gold mine following a U.S. Supreme Court ruling that allows the mine to dump waste into a nearby lake. The mine is expected to produce approximately 120,000 ounces of gold per year over a 12.5 year mine life.

August 6, 2009: Gold Fields Ltd. (GFI) reported that its gold production in the April - June quarter was 906,000 ounces, up 4.7% from the year earlier quarter. Output for the financial year that ended June 30, 2009 fell to 3.41 million ounces compared to 3.64 million ounces a year earlier. For the second quarter GFI reported a net loss of $29 million compared to a profit of $105 million for the year earlier quarter. Net earnings for the year totaled $171 million, down from $613 million for 2008. Despite higher gold output and lower costs, GFI posted lower earnings due to a stronger rand which resulted in a operating margins declining from 47% to 43%. GFI expects costs to rise 15% in the current quarter while output would remain below its long term target of a 1 million ounces per quarter.

August 6, 2009: IAMGOLD Corp. (IAG) reported that its second quarter 2009 net income rose 33%, primarily as a result of a higher realized gold price and lower average cash costs. Net earnings were $44.1 million compared to $33.2 million in the year-earlier quarter. Revenue for the quarter was $225.3 million compared to $225.1 million in the year-earlier quarter. Gold production for the quarter was 249,000 ounces at an average cash cost of $437 per ounce compared to production of 255,000 ounces at an average cash cost of $472 per ounce in the second quarter of 2008. The average realized gold price for the second quarter was $898 per ounce compared to $878 per ounce in the second quarter of 2008. 

August 6, 2009: Stillwater Mining Company (SWC) reported that platinum production for the second quarter was up from 29,000 ounces to 32,000, while palladium production increased from 97,000 ounces to 106,000 ounces. Revenues for the second quarter plunged 59.3% from $233.1 million in the second quarter of 2008 to 94.8 million, as proceeds from the sales of mined PGMs and by-products dropped 33% to $78.8 million.Net income for the second quarter was $4.2 million and included a net income of $10.8 million from mining operations, and a net income of $1.7 million from recycling, less corporate costs of $6 million for general and administrative expenses, $1.5 million of unallocated net interest expenses, and $800,000 of assets related expenses.