Tag: Gold investments

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Shell, Ximen Mining, Newmont: Will Gold Follow the Oil Price Rally?
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Shell, Ximen Mining, Newmont: Will Gold Follow the Oil Price Rally?

Now that the oil price has long since cracked the USD 90 mark, gold is also picking up significantly. The precious metal lingered only briefly on the much-cited interest rate worries. The theoretical reasoning behind this is that if the interest rate rises, non-interest-bearing gold loses its attractiveness. This assumption […]

Ximen Mining: Strategic Investment by New Gold Inc. and Working Towards Production at the Kenville Gold Mine
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Ximen Mining: Strategic Investment by New Gold Inc. and Working Towards Production at the Kenville Gold Mine

Commodity-TV interviews President & CEO Christopher Anderson. Ximen Mining owns several gold projects in British Columbia, Canada. Recently, the company announced a strategic investment of $2.5 million, or 9.9% of the shares, by New Gold, which operates the New Afton Mine in the area. Ximen Mining will drill on several […]

Ximen Mining Closes a Strategic $2.5 Million Investment from New Gold Inc.
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Ximen Mining Closes a Strategic $2.5 Million Investment from New Gold Inc.

Following the closing of the non-brokered private placement which raised gross proceeds of approximately $2.5 million from the placement of approximately 8.9 million charity flow-through shares, priced at $0.285 per share, New Gold now holds 9.9% of Ximen. “Building strategic relationships with active partners in our community and jurisdiction is […]