Nice to see one of our most respected broking/research houses putting a buy onto AQG. WilsonHTM seem to be impressed with the cash cost of US$542 per oz.

Personally I’m impressed with the growth in resources and the further upside. It isn’t far fetched to think AQG will be in our top 4 gold producers before long. (Displacing RSG and EAU) – time will tell.

Alacer Gold Announces Second Quarter Operating Results

Alacer continues its upwards momentum and is rapidly becoming a major gold producer with a pleasing production cost. Being under a year old Alacer isn’t yet on Australian investors radars and few brokers seem to be knowledgeable about its current position and prospects.

“Alacer Gold Corp. was formed following the successful merger of Anatolia Minerals Development, a TSX listed company and Avoca Resources Limited, Australia’s third largest ASX listed gold producer. The merger was completed on February 18, 2011.”

Today’s announcement substantially upgrades the previous estimates of : “Through the merger, Alacer Gold has emerged as a leading global intermediate gold producer and explorer with a globally diversified asset portfolio in Australia and Turkey. Alacer Gold is forecasting gold production of 600,000 ounces of gold in CY2013, with an expected increase to 800,000 ounces in CY2015 and current gold reserves of 3.5 million ounces and gold resources approaching 15 million ounces.”

I hold Alacer.

Today’s (25th July 2011) ASX announcement presents some rather startling results and shows the discovery of a new type of Gold deposit for Australia: A Tellurium – Gold mix. The gold grades are in the “bonanza” zone and the tellerium grades are very high at up to 3,500ppm. (The crustal abundance of tellurium is 1/500th of the rarest of the REEs).

“The US now only owes the equivalent of 340,000 tonnes of gold – still more than the total sum of gold ever mined (twice as much, in fact, according to best estimates) and way above the 8,113.5 tonnes the United States Treasury says it holds between Fort Knox and the New York Fed.”

Ramelius Resources has wrapped up the financial year with production of more than 100,000 ounces from its Wattle Dam gold mine, one of the country’s lowest-cost precious metals operations, and flagged the imminent start of operations at its Mt Magnet project. http://au.news.yahoo.com/thewest/business/a/-/wa/9798784/ramelius-confounds-sceptics-with-strong-production/

See multiple posts about RMS by Sparty