World Gold

World Gold and GFMS announced new equities research joint venture
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The latest issue of World Gold Analyst, the first issue to be published under our new joint venture with GFMS, is available on line. Please continue to use this website until such time as our new site is fully operational.

In this issue:

Q4 Review: Operating costs continue to spiral up with weighted average cash costs for the December quarter reaching US$390/oz, 28% higher than Q4 2006.

Metals & Markets
2008: US$1,000 gold, but stocks disappoint

December 2007 Quarter Review
24 pages of comment and analysis on results for the December 2007 quarter for seventy of the world’s top gold producers.

World Gold Explorer
British Columbia continues to deliver results with an initial resource for Spanish Mtn, a feasibility study for Mt Milligan and continued drilling success at Kwanika. Volta – a new explorer in West Africa.

London Eye
In China: Tianshan completes resource update; Leyshon updates resources and capital. In Mexico: initial resources for Arian.

SPECIAL FOCUS: Ontario: Canada’s Gold Centre
In 2006, Ontario’s thirteen gold mines produced a total of 1.8 Moz of gold from such famous camps as Kirkland Lake, Hemlo, Timmins and Red Lake contributing 52% of Canada’s gold production for the year. In 2007, preliminary estimates for exploration expenditure (all metals and minerals) were C$502 million and this figure is expected to climb by 25% to C$629 million this year, making Ontario the leading Canadian province for exploration spending.
This Special Focus looks at the major initiatives by senior and junior companies on a camp-by-camp basis.

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