Millhouse, Inc. PLC (FRA:M77), the Frankfurt Stock Exchange listed financial services group, has announced that it has signed an agreement to enable it to acquire the minority interest of a highly regarded financial services group in Sydney, Australia. This will bring its stake to 100%.
With a history as the most successful Gold miner in the United States, and possibly the world, Rob McEwen confidently explained to investors the value of investing in material rather than currency. In a short period of only 10 years, investors who would have held currency rather than Gold will have seen a loss of purchasing power of over 80% based on the US dollar.
Rob McEwen is the largest shareholder of McEwen Mining Inc. which he created by combining US Gold Corporation and Minera Andes Inc. in January 2012. He is the founder and former Chairman and CEO of Goldcorp Inc. which is, by market capitalization, the second largest gold producer in the world.
McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to announce that El Gallo Phase I in Sinaloa State, Mexico has achieved its first gold production. The mine, which is 100% owned by McEwen Mining, is expected to produce 10,000 ounces of gold during the balance of this year. In 2013, the annual production is forecasted to be 30,000 ounces of gold.
Lexam VG Gold Inc. (TSE:LEX)(OTCQX:LEXVF)(FRA:VN3A) is pleased to announce an increase in its total gold resources due to an updated resource estimate for its Buffalo Ankerite Project in Timmins, Ontario. Total NI 43-101 gold resources have increased by 44% in the Measured + Indicated category to 1 million ounces and by 20% in the Inferred category to 850,000 ounces.
For the fourth consecutive year, Hedge Fund Hotel are hosting a meeting to further promote business between Toronto and Bermuda. In an afternoon information session on 4 October, our speakers will explore the costs and benefits for Canadian companies of doing business in Bermuda. There will also be an in-depth discussion on re-insurance, insurance-linked securities and captives, a long standing backbone of Bermuda's financial sector.
Investors are continuing to be bullish on silver in 2012, increasing their holdings of the precious metal that are at near record levels, said the Washington, D.C.-based Silver Institute today.
