Eldora Gold Resources Canada Developed New Proprietary Separation Technique

Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

Eldora Gold will start by verifying the mineral content of the tailings through certified sample testing and, if successful, we will supply the equipment and training necessary to extract the mineral concentrate. We also provide the buyer for the extracted concentrate.

The fee for these services is an agreed upon percentage of the mineral concentrate sale which is typically in the range of one third of the concentrate sale price. The fee to Eldora Gold is only payable after the sale of the concentrate resulting in no risk to the customer.

The technology behind our processing technique is completely chemical free and proprietary. Extensive development and years of experience have resulted in a technique that not only extracts the majority of valuable mineral content of the tailings, it leaves the remaining tailings with a significantly lower content of the acid forming minerals from the original ores.

Tailings have always been an unwanted by-product of mining from an environmental standpoint. These tailings are left in piles and leach environmentally destructive materials into the surrounding soil.

This greatly affects wildlife and water tables for years to come. Our process drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.

The result is cleaner tailings and the extraction of significant amounts of valuable minerals. The sale of the mineral concentrate provides significant profit to the customer and provides the incentive to use our technology to stop the destruction of the environment.

About
Eldora Gold Resources Canada was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings.

Eldora Gold News: Potterton Gold Combi Boiler 24 HE awarded as one of UK's Best Buys

Potterton Gold Combi 24 HE has been deemed a Best Buy for the fourth year in a row by leading consumer resources publication Which?. It attained five-star scores for simple installation, ease of use, NOx emissions, features and a general score of 74%.

The record acknowledged its hot water output, durability and efficiency. A Which? expert remarked that the boiler is “remarkably simple to service with plenty of room to work inside the boiler”.

Head of Potterton Product Management Paul Haynes said: "We are pleased with the ongoing acknowledgment of this great boiler.  The Potterton Gold Combi HE is made from high quality components and undergoes meticulous quality testing to make sure it meets our demanding standards of reliability.

"It comes with a pre-plumbing jig, a filling loop fitted as standard and extensive flue options for flexibility of siting to make it easy to install.”

The Potterton Gold Combi HE range comes in outputs of 24, 28 and 33 kW, with a 28 kW model devoted to LPG.

On the homeowner’s part, the boiler’s outstanding energy efficiency means smaller gas bills and reduced carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended products. The controls are easy to use and includes a timer. A digital display and neon lights are also present to indicate the boiler’s current operational status. Instructions are conveniently placed inside the controls cover.

About Potterton

Potterton is a recognized British company with long established credentials. In fact, we have a track record stretching back some 150 years, all of which makes us a trusted brand.

Potterton history. For over 150 years the Potterton brand maintained high quality and unrivalled service in the design and manufacture of boilers.  In fact, over the years Potterton has manufactured over 5 million boilers.

We have a set of brand values that are part of the Potterton ethos.

Trust. We want everybody to know they can trust us and our products.  We don't make false promises or claims.

User-friendly. Whether it is for customers, installers or specifiers, we resolve difficulties.  So our boilers are simple to install and easy to use every day.

Mainstream. We are not niche.  We are for everyone.  Our boilers and services are designed to meet the requirements of just about everyone out there.

Reliability. We have made our name equivalent with reliability.  It is the number one reason to buy Potterton.  It applies to our products, our service and our people.  Potterton is all about reliability.

Relaxed. We're decent people to work with.  We don't make a pointless fuss.  So whatever the requirement, people know they can approach us and we'll listen with an open mind.

Customer-focused. We make products that people need; that generate necessary heat and hot water.  Therefore, we have to put clients first.  Our products are too vital to work any other way.

Eldora Gold Resources Launches GravSep™; Process Set to Rehabilitate Tailings Sites

(Toronto) – Eldora Gold proudly announces it has completed the assembly of its premiere pilot plant, dubbed GravSep™, to assist with the extensive process testing phase.  With GravSep™ on site, Eldora will use a combination of physical separation processes to extract a concentrate from the first selected mill tailings site in Kirkland Lake, Canada.  This concentrate will contain the majority of the recoverable metallic values in these former tailings, as well as the majority of the minerals responsible for the adverse environmental consequences of the original tailings disposal.

The proprietary process includes the preparation of a recirculating water pond, whereby final tailing separation from pulping water will provide recirculating water for pulping fresh feed, thus no continuous use of fresh water is required. After pulping the excavated feed and pumping the pulp through the physical separation process, Eldora anticipates ultimately discharging a tailing material in a form suitable for environmental rehabilitation of the site.

Eldora Gold anticipates, based on initial testing, that the auspicious debut (1/2 tonne per hour) of GravSep™ will result in not only the recovery of valued minerals, but also the rehabilitation of former tailings sites.  Given the assembly of its portable equipment, Eldora intends to provide a dual benefit from the operation of GravSep™ units: by marketing the resultant concentrate into suitable channels and also providing a low-energy green solution to mining communities.

The GravSep™ is designed to be scalable, and is suited for small deposits less than 300,000 tonnes that cannot support permanent high capital cost equipment installations.  The anticipated advantages for Eldora’s proprietary environmentally-friendly physical separation processing, which can be tailored to each specific deposit, now include potential  for successful treatment and rehabilitation for many smaller size deposits using simple to maintain and operate equipment, as well as chemical-free processing. Pumping is the single major energy input, and it extracts and recovers valuable mineral concentrates which also have significant deleterious environmental effects when left in-situ.

From an environmental standpoint, tailings have always been an unwanted by-product of mining.  These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater.  Processing tailings thus also reduces the negative environmental impact of remaining minerals from the original mining process.

Eldora Gold Resources News: Gold Near Record on Euro Fears, US Debt Talk

NEW YORK, Economic Times, Reuters: Gold rallied to near its all-time high on Tuesday, as investors sought a safe haven on fears that European officials were failing to stop a debt crisis from spreading and uncertainty related to frantic US talks to raise its debt limit.

After trading flat for most of the day, bullion suddenly spiked at the end of the US pit session to extend its rally for a seventh day, as crude oil and other commodities rallied and as the euro pared gains.

Eldora Gold Resources News: Gold Near Record on Euro Fears, US Debt Talk - Bullion has gained over 6 per cent this month on fears about a deepening euro zone crisis, now trading less than $5 below its all-time high of $1,575.79 set on May 2. Gold priced in euro and sterling hit record highs for a second consecutive day.

"With the euro zone debt crisis and the US debt ceiling talks, there is a tremendous flight to quality. Gold is the commodity to invest in because the currencies aren't doing well," said Mihir Dange , COMEX gold options floor trader for Arbitrage LLC.

Spot gold was up 1 per cent at $1,568.89 an ounce by 2:43 p.m. EDT. US COMEX August gold futures settled up $13.10 at $1,562.30, after trading between $1,541.10 and $1,574.30.

US trading volume was around 170,000 lots, one of the heaviest since the start of June, as investors switched their focus back on the gold market as equities have slumped

Financial markets hammered European assets after euro zone finance ministers opened the door to a possible Greek default and failed to prevent contagion spreading to Italy and Spain .

Gold in euros rose for a third day, climbing 1.5 per cent to hit a record above 1,123 euros.

Gold priced in higher-yielding currencies, which also suffered the brunt of investor distaste for risk, such as the Australian dollar, the South African rand or the Canadian dollar, also rallied.

"If you live in Greece , you are going to buy gold because that's the hard money you still trust," said Axel Merk , portfolio manager who oversees $700 million in mutual fund assets at Merk Investments .

DENNIS GARTMAN PARES EURO GOLD TRADE

Independent investor Dennis Gartman, who has called for buying gold in non-US currency terms, however, has trimmed his euro-priced gold positions on worries about an overbought trade.

"Everywhere we turned yesterday the talk was of the gold/euro trade. In that environment it is perhaps wise if we remove ourselves quietly from the party, reducing our exposure by one-third...," Gartman said in a note.

The euro hit a four-month low against the dollar and another record low against the Swiss franc on fears euro zone leaders were failing to prevent a debt crisis from spreading.

Fears that the debt crisis is spilling over the other European countries have boosted gold. The main measure of Italy's borrowing costs broke above 6 per cent for the first time in 14 years as the euro zone's third-largest economy was sucked into the bloc's debt crisis.

US DEBT CEILING RAISES UNCERTAINTY

Also underpinning gold is growing uncertainty over a deal to raise the US debt ceiling to preserve the good faith and low borrowing costs for the world's largest economy.

The US dollar's reserve currency status would also be severely undermined and that would boost gold, if the country defaults on Aug. 2, the US imposed deadline to raise the debt limit.

The next two key risk events for gold will be US Federal Reserve Chairman Ben Bernanke's semi-annual testimony on monetary policy to Congress on Wednesday.

Spot silver gained 1.4 per cent to $36.17 an ounce. Among platinum group metals, platinum was up 0.8 per cent at $1,734.49 an ounce, while palladium rose 0.3 per cent to $766.47. Prices at 2:43 p.m. EDT (1843 GMT)

GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with a useful information about gold and other precious metals investment strategy every day. Stay tuned!

Eldora Gold News: Baxi Group welcomes Welsh Boiler scrappage proclamation

Eldora Gold Boiler News – Baxi Group receives the declaration that Wales is to profit from a boiler scrappage room system like what has been running in England since January 5, 2010. But only people over 60 years old will be eligible for £500 towards the price of replacing an old, G rated boiler under the £2.5 million scheme.
 “We are delighted that another of the devolved countries has devoted effort to help people replace their old and inefficient boilers. The Welsh system will be aiming over 60s, who they consider to be more susceptible to fuel poverty,” said the CEO of Baxi Group UK and Ireland Mark Kelly.
“The plan will help in cutting fuel bills by about £235, all the while reducing household carbon emissions. Homes in off-mains gas areas will have the chance to discard G-rated boilers with new and efficient A-rated LPG boilers or low carbon technologies like biomass boilers.”
The system will take effect on April 1 of this year and the £2.5 million has been allotted for November 2010. Moreover, £1.4 million will be invested in the Welsh Home Energy Efficiency Scheme to aid in combating fuel poverty in households through improving insulation and heating.
About Potterton Products
As one of the leading innovators of the heating industry, Potterton has everything in terms of high efficiency heating. For example, the Potterton Gold Combi HE A has integral clock, a choice of flue systems for absolute freedom of boiler siting and a two-year parts and labour warranty.              
The Potterton brand has a broad range of boilers which operate on LPG or natural gas. A Potterton gas boiler range comes with Potterton Gold Combi 24HE, given a Best But by Which? magazine.
Climate change and global warning are concerns that Potterton is actively working to fight. Because of the increasingly strict environmental standards, we’re developing products like our Solar range to reduce the impact on the environment.
By discarding a boiler that is more than 10 years old, you could save on heating bills and lower your negative effect on the environment.

Mineral Recovery and Mining Industry in Canada

Eldora Gold Resources was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. 

There are 3 core founders, each with a unique and extensive background.

The President of Eldora Gold Resources has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc in Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.

Eldora Gold Resources Mineral Recovery and Mining Industry Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc  In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques. 

Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for exacting mineral content from mining tailings.

Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate.

Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market.

The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com

Tailings Processing. Tailings Processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.

Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.

Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.

Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand

Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.

As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.

Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas markets, as a weaker dollar increased the investment appeal of precious metals.

While the silver in overseas markets, which normally set a price trend on the domestic front here, rose 1.2 per cent to USD 25.05 an ounce, the highest level since March 1980 and gold to a two-week high by rising 0.2 per cent to USD 1,361.45 an ounce.

Buying activity further fuelled retailers and jewellers to buy for coming Diwali and Dhanterus, the two most auspicious days in Hindu mythology for making new purchases of precious metals.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - On the domestic front, the gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 20,000 and Rs 19,900 per 10 gram, respectively. Sovereign also gained Rs 50 to Rs 15,950 per piece of eight gram.

Silver ready spurted by Rs 200 to an all-time high of Rs 37,700 per kg and weekly-based delivery by Rs 240 to Rs 37,295 per kg.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - Silver coins spurted by Rs 620 to a new peak level of Rs 42,500 for buying and Rs 43,000 for selling of 100 pieces. The silver coins normally used for worshipping on Diwali, witnessed maximum buying.

 Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.

Eldora Gold Should I Invest in Gold Using SPDR Gold Trust?

Avoid gold coin investing scams online and fraud that are prevalent now that the price of gold is over a thousand dollars an ounce. Buy gold carefully, avoid boiler room scams and remember that a guarantee is only as good as the dealer. Gold is easily sold on the market today, so beware of bargains in the gold market. Bargains in gold are often gold coin investing scams.

SPDR gold trust (GLD) is one of the fastest growing gold investment companies that was originally introduced to the NYSE list of stocks in 2004. Now SPDR gold trust stocks are being actively traded at Tokyo, Singapore and Hong Kong Stock Exchanges. SPDR gold trust makes owning gold commodity easy and more accessible for investors who were previously fearful of making physical gold bullion investment due to safety and storage concerns. SPDR gold trust is the first American ETF backed up by physical gold assets.
SPDR gold trust is facing both praise and criticism as to its gold investment performance and overall company’s financial approach. When making a decision whether to invest in the SPDR gold trust, it’s wise to consider multiple opinions expressed by various financial analysts.
It’s important to realize that SPDR gold trust stocks are traded similarly to most stocks at major stocks exchanges and are prone to price fluctuations. The investment value of these stocks is directly correlated to the current market price of gold minus gold trust management fees. Buying into SPDR gold shares can not guarantee any financial gains just like with any stocks. You will be investing into gold shares at your own risk, thus it’s essential to set aside no more than 10% of the entire investment portfolio for gold shares in order to allocate major risks should the price of gold plummet.
Make sure to read all SPDR gold trust financial documents filed with SEC that could be located at their website to fully understand all financial risk disclosure statements.

GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with a useful information about gold and other precious metals investment strategy every day. Stay tuned!

Eldora Gold Spanish Coins Value Retention – Escudos Vs. Doubloons

Eldora Gold resources latest article info on gold investment - Spanish gold coins pieces present some of the most fascinating examples of coin minting industry of the Old World that had existed centuries before the US started minting its coins. Spanish gold coins were often depicted in multiple movies and novels in association with pirates, lost treasure and sunken ships. The Spanish gold coins fascination continues up to this day not only due to their pure gold content, mintage and amazing history behind.

Eldora Gold Resources tips on Spanish gold coins value retention. It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.

Initially, Spanish gold coins named Doubloons were made by hand using primitive methods and manually sized to a specific weight by actually cutting pieces off already made coins. This method gives them characteristic odd rough shape that is especially prized among old gold coins collectors. The smallest fraction of Spanish gold doubloon is one Spanish escudo, the escudo denomination doubles creating two, four and eight escudo coins respectively.
Doubloons Spanish gold coins were mostly in possession by Spanish noblemen and otherwise richer layers of population and are not as heavily worn in comparison to Escudos. Therefore, the actual Doubloons value by far exceeds the value of Escudos. In the modern world of coin trading, the terms escudos and doubloons are sometimes used as synonyms to describe any Spanish old gold coins. The average price for the oldest Doubloons eBay gold coins can very often be in the thousands of dollars depending on their grade and year of mintage.
If you decided to add Spanish old gold coins to your numismatic collection, take care to only purchase coins from respectable and well-recognized coin dealers that can provide certified old gold coins or shipwreck salvaged coins with proper documentation. Increased popularity of old Spanish and French gold coins along with any other historical rare coins attracts a lot of dishonest coin dealers who mislead coin collectors into buying coins for more than they are actually worth. If you are not a numismatic expert, the general rule is to stay away from historical gold coins and choose certified gold bullion coins to ensure their authenticity and decrease investment risk.

Eldora Gold Boiler News: Potterton Promax combi boilers and Multifit GasSaver aids Aster Group crack the Code in Bristol

Eldora Gold Boiler News – Installation of Baxi Group high efficiency boilers, incorporated with novel Multifit GasSaver heat room recovery devices, has allowed Aster Group to successfully meet Level 3 of the Code for Sustainable Homes on its Narroways Road development in Bristol.
Aster Group who own and manage about 17,000 inexpensive homes in the south west and central south of England has currently opened its Narroways Road system. Built by the Leadbitter Group, Narroways boasts of 12 new two-bed apartments, five retail units and eight houses. For this affordable development, Leadbitter Group specified Baxi Group’s Potterton Promax 28 HE Plus Combination boilers that includes Multifit GasSaver units in the flats to meet the necessary SAP rating and attain Code Level 3.
Meeting SAP economically to attain the right Code Level should be balanced with the need to give an efficient, suitable and high quality heating and hot water solution for a certain project. The Potterton Promax Combi boilers along with GasSavers offers the best solution at Narroways Road. The tenants are familiar with the combi boiler and how it works, and the GasSavers depends on the boiler’s own high efficiency to deliver much better performance. This guarantees that system specification, operation and installation are as uncomplicated as possible.
The Multifit GasSaver can decrease the gas used to heat water by up to 37% annually and is listed as a certified technology under SAP Appendix Q and endorsed for use by the Energy Saving Trust. It is placed neatly between the boiler and its flue, recycling the heat from the flue gases that would otherwise be expelled into the air and wasted. Then this heat is utilized to preheat water coming into the boiler from the cold mains supply.
Potterton Promax 28 HE Plus is a compact, combination boiler that is SEDBUK Band A rated, that has 91.4% operating efficiency. Simple and fast to set up, it has superb flow rates and comes in 24, 28 and 33 kW outputs. Other advantages include built-in frost protection, a range of flueing selections, an optional wireless room thermostat and a pump which automatically runs every 24 hours to keep itself in its optimal condition.
The Multifit GasSavers and Potterton boilers were installed by local supplier M G Plumbing. The Narroways Road development officially opened on July 2, Friday.

Eldora Gold Boiler News: Potterton Gold product range expanded

Eldora Gold Boiler News – The famous Potterton Gold boiler range has been extended to include system and heat only models, and a combi boiler dedicated for LPG. The latest Gold Cylinder completes the collection.
From the success of the Potterton Gold Combi HE, a 2010 Which? Best Buy, the latest products offer installers a high quality choice of products appropriate for virtually every application.
The Potterton Gold System HE comes in outputs of 24, 28 and 18 kW, has SEDBUK 2005 rating of 91.2% and is NOx Class 5 (the highest). It is available with a one piece pre-plumbing jig and integral filling loop to make installation simpler and quicker, saving both money and time.
Flexible and compact, the Potterton Gold H heat only boiler is small enough to fit in an ordinary kitchen unit. It comes in outputs of 18, 24 and 15 kW and is modulating fully to ensure first-rate fuel efficiency. To save even more time installing it, there is no wiring between the boiler and the pump.
The Potterton Gold range of unvented cylinders are intended to complement the latest range of boilers. It comes in capacities of 300, 250, 210, 170, 150, 120 and 100 litres that’s why there is a model for every heating system.
The cylinders, which are approved by KIWA, have a stainless steel inner vessel and thermoplastic coating to guard against corrosion and prolong life expectancy. They are insulated with a 50mm layer of polyurethane CFC-free foam, providing enhanced heat loss performance. They are easy to maintain and install with all the connections and controls easily accessible at the front. The coil-in-coil heat exchanger guarantees quick heat recovery and better efficiency.
The Potterton Gold range of heat only, system and combi boilers are all SEDBUK 2005 <90% efficient and are backed by a 2-year warranty. The Gold Cylinder has a 25-year warranty on the stainless steel vessel and one-year parts and labour warranty. All warranties are subject to registration and annual service, where suitable.
For more information please visit http://www.pottertongold.co.uk/ or call 0844 871 1560.

More Reasons to Be Bullish on Silver: Eldora Gold Resources News

Eldora Gold Resources Canada News - We once had an ongoing series in BIG GOLD called, "1001 Reasons to Own Gold." The idea was that there were so many valid reasons to own the metal that I wanted to track and report on them. If you've been invested in the precious metals arena, you know there have been a myriad of bullish indicators for silver this year as well.

Here are a couple new reasons to own silver that a lot of mainstream investors probably aren't aware of…

Due to increased demand from industry and investors, silver exports from China are expected to drop about 40% this year. And that's actually an improvement; customs data show exports plunged almost 60% through the first eight months. China exported about 3,500 metric tons of silver in 2009, but has exported only 970 tons through August of this year.

Eldora Gold Resources Canada News - What a lot of Westerners don't know is that China ended export "rebates" two years ago to stem the shipment of natural resources leaving the country. As a result of the regulation, silver exports decreased in 2009 but are nothing like what they're experiencing this year. In other words, the large drop in exports is a direct result of a huge increase in demand within China itself. According to one Chinese banker, the spike in demand is coming from all areas – jewellery, investment, and industrial. In his words, it's led to a "physical market shortage in the Far East."

How important is this? China is the world's third largest producer of silver (after Peru and Mexico), so the amount of silver coming to the global marketplace this year will drop by more than 74 million ounces. This represents roughly 8.3% of total annual global supply from 2009. If worldwide demand continues at its current pace, where is the extra metal going to come from? This alone tells us the price of silver will move higher.

Eldora Gold Resources Canada News - The next item I sleuthed out was that the US Mint is expected to release a new five-ounce silver bullion coin this year, the first ever. The coin will be three inches in diameter and have a composition of .999 fine silver.

I've read the five-ounce bullion coins will be near-exact replicas of the America the Beautiful quarters. There will reportedly be five different designs, and the mint plans to produce 100,000 of each. I can't wait to see them.

The coins will be classified as bullion, meaning they should be available to the same dealers already authorized by the mint. This will likely create excitement in the silver market, especially when you consider its affordability. At $23 silver, the five-ounce bullion coin will cost $115, plus premium. One ounce of gold runs $1,340 as I write, while five ounces will cost you $6,700 plus commission.

Eldora Gold Resources Canada News - Perhaps most bullish is the fact that silver is vastly underpriced when compared to gold. Look at it this way: gold is currently priced 57% above its 1980 nominal high of $850; silver would have to more than double to reach its 1980 nominal high of $48.70. And that's excluding any inflation-adjusted calculation. Yes, silver's spike was partly a direct result of hoarding by the Hunt Brothers, but my question to the sceptics is this: what's keeping us from seeing similar stockpiling today? What if there are several Hunt Brothers out there?

It's true that central banks don't buy and store physical silver, so one source of demand that's common for gold isn't present for silver. But let's keep things in perspective: demand for all forms of silver is rising, and we see no reason the trend won't continue. And with indicators like decreasing supply from China and increased attention from a new bullion coin, I say the big picture on the silver price is extremely bullish.

This silver sleuth says; buy some silver on the next dip. There are lots of reasons you won't regret it.

Disclosure: No position. About the author: Jeff Clark is Editor of BIG GOLD and Explorers’ League at Casey Research (http://www.caseyresearch.com).

Barrick Gold Achieves Record Q3 Profit as Gold Prices Rise: Eldora Gold Resources News

Eldora Gold Resources Canada News - Barrick Gold (NYSE:ABX), the world's largest producer of the yellow metal, posted a record profit for the third quarter, as lower-than-expected cash costs and higher gold prices boosted overall production.

During the period, the company recorded net income of $837 million, or $0.85 per share, from a loss of $5.4 billion, or $6.07 per share, in the year-ago quarter, when the company had $5.7 billion in charges related to the elimination of its gold hedging program.

Adjusted for one-time items, profits rose 75% to $829 million in the third quarter, or $0.84 per share, beating analyst expectations of $0.76 earnings per share.

Sales also jumped 40% to $2.8 billion in the period, compared to $2.0 billion a year earlier.

Eldora Gold Resources Canada News - Barrick said that its better-than-expected results were primarily a result of the company's third quarter gold production of 2.06 million ounces, ahead of target on account of lower total cash costs of $454 per ounce, and strong performance at its new Cortez Hills mine in the North American region.

In a statement, the company said its cash margins have reaped the benefits of rising gold prices and lower cash costs, increasing 52% to $783 per ounce. The realized gold price for the quarter was $1,237 per ounce, 27% higher than the prior year period.

Full year gold production is on track, Barrick added, expecting between 7.65 to 7.85 million ounces of gold at total cash costs of about $455 per ounce. It also anticipates producing about 360 million pounds of copper at total cash costs of $1.10-$1.15 per pound, in line with the original guidance.

Eldora Gold Resources Canada News - The giant gold producer expects that its Pueblo Viejo project in the Dominican Republic will begin initial production in the fourth quarter of 2011, while its Pascua-Lama property on the border of Chile and Argentina is on track to enter production in the first quarter of 2013. The company is targeting growth in gold production to 9.0 million ounces annually within five years once both these project come onstream, it said.

Based on the third quarter results, Barrick announced that its board has authorized a 20% increase in fourth quarter dividends to $0.12 per share. At quarter-end, the company had a whopping $4.3 billion in cash and $1.5 billion in undrawn credit, with $3.1 billion in net debt.

Barrick, from its properties across North and South America, Africa and the Australia Pacific regions, has gold reserves of 139.8 million ounces, plus measured and indicated gold resources of 61.8 million ounces and inferred gold resources of 31.6 million ounces.

Eldora Gold Resources Canada News - The company's closing price yesterday was $46.94, up from its 52-week low of $36.01.

Disclosure: No position. About the author: Proactive Investor . Proactiveinvestors is a group of financial websites producing news, comment and analysis, and interviews covering a wide range of subjects across North America, Europe, Asia and Australia.  

Eldora Resources - Buying and Selling Gold: Avoid Cash for Gold Scam Adverts

Eldora Gold Resources on Buying and Selling gold - If intending to buy or sell gold, then consider the need to analyse carefully cash for gold type adverts before selling gold to such a buyer.

It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.

The recent economic downturn has seen a plethora of TV adverts offering to buy gold for cash, the web has also seen a boom in the number of online gold traders in recent years. In many cases however, such TV commercials and online gold traders may only offer a fraction of the value of items, as well as poorer service levels than may be obtained from a reputable gold dealer or jewellery store.

Buying and Selling Gold: The Fair Value of Gold

Those offering a cash for gold service will usually be solely interested in the scrap value of the gold. As such, the fair value of the gold in this case should be assessed on the basis of weight and purity. In order to assess the value of a gold item, one must ascertain the weight of gold in an item. This is done by multiplying the weight of the gold in troy ounces by the purity of the gold.
For instance, two troy ounces of 12 carat gold, which is gold with a purity of 50 percent, would be valued as one troy ounce of pure gold. The value can then be obtained by simply finding the spot rate of gold on the day of valuation, which is quoted in troy ounces.

his however, is only the scrap value of gold. Most forms of gold have an added value through its inclusion in jewellery or as an item, such as a watch. This however, adds no value to the item for the scrap gold trader. If such an item is to be sold, then a much better value is obtainable from a specialist dealer in jewellery or from an auction.

Buying and Selling Gold: Common Scams and Problems

Many cash for gold adverts claim to offer “best prices paid”, in many cases this statement will simply be false. Such a claim can easily be verified by simply finding the spot rate of gold and comparing this to the rate offered by the potential buyer. Whilst it is unrealistic to expect to achieve the spot rate, a traders premium should not be excessive.
Cash for gold adverts often offer a free valuation with the prospect of returning one’s goods, if the offer is not accepted. However, one should check the terms and conditions to ensure that there are no hidden fees. Common hidden fees include charges for postage and packing or so called release fees to return one’s valuables.

Another area to consider is the treatment of an object. This is a special consideration, where items such as watches or jewellery are concerned, there is always a danger that sending away one’s valuables will result in damage to the item, should a return be required.
Finally, even where a scrap gold trader offers a fair price for the gold, in addition to acceptable terms and conditions, consider that one will not receive any value for the artistic or collectible value of a piece sold.

Eldora Resources - How to Avoid Scams when Buying Gold and Silver Coins

 Know Your Dealer, Resist Deals Too Good to Be True and Avoid Collectable Coins

It is important to research and evaluate each of the gold investment companies under consideration. There are many gold investment scams, fraud, boiler rooms that you should watch for, this will serve as a good warning before investing and only use gold options and companies that are verified, and have a good business reputation. This will minimize the risk of falling prey to any boiler rooms, scams or frauds.

With the rise of gold and silver coins as a hedge against inflation, more people are looking to add precious metals to their savings. However, there are many scam artist ready to take advantage of new buyers. Here's how to protect yourself.

Avoid collectable coins
When you start to buy gold and silver coins, some disreputable dealers will try to sell you collectable gold and silver coins. Usually, these coins cost 50% to 100% over spot. If you are interested in buying silver and gold coins as an investment, then you shouldn't bother with collector coins. And you should not be paying more than 30% over spot price, per ounce.

Avoid people who offer "too good to be true" deals on gold and silver
There is no such thing as a deal when it comes to gold and silver coins. You can not buy a gold nor silver coin for just spot price. And you certainly can not buy a silver or gold coin for under spot price. Anyone who tries to sell you a gold or silver coin for close to spot price is trying to rip you off. Avoid them.

Avoid buying coins on eBay if you are not an expert on detecting fake coins
eBay has many reputable dealers. However, there are many fraud coins on eBay. You are better off avoiding this market. If the gold and silver market becomes overheated, you may find that many dealers will be out of coins. And that the only place that you may find gold or silver coins will be on eBay. Your best move is to simply wait until the coins come back into stock at a reputable dealer. If you end up buying a fake coin on eBay, or get stiffed, you will have a hard time getting your money back.

Stick to U.S. Liberty Eagle Gold and Silver coins if you are new at buying gold and silver coins

There are many fraud gold and silver coins out there. The majority of fake gold and silver coins come from Asia. You can reduce your chance of buying a fake coin by sticking to U.S. Liberty Eagle Gold and Silver coins. Why? Because these are the only coins minted by the United States. And counterfeit gold and silver Liberty coins are investigated by the Secret Service. That makes it more advantageous for criminals to stick to faking non-US gold and silver coins. Yes, you will pay a little more for U.S. Liberty Eagle gold and silver coins, but it will be worth it.

Avoid buying coins at pawn shops if you are not a powerful negotiator
Pawn shop dealers are masters at buying low and selling high. If you are a new gold and silver buyer and you walk into a pawn shop, you will be like a sheep walking into a den of wolves. You are better off to sticking to large gold and silver dealers who have a set above spot price on their coins.

There are many great places where you can safely buy gold and silver coins. My two recommendations are APMEX and Apmex.com and bulliondirect.com. Both companies have been around for over a decade and have a long track record with many long term gold and silver buyers and sellers. With the right kind of research, you will be able to find the best dealer for you to buy and sell gold and silver coins.

Eldora Gold News: Potterton Gold Combi Boiler 24 HE remains a UK Best Buy

Potterton Gold Combi 24 HE is deemed a Best Buy by the top consumer resources magazine Which? for four years in a row. It garnered five-star ratings for easy installation, uncomplicated use, features and NOx emissions, with an total score of 74%.
According to the report, it is very efficient, with hot water output and highly durable. A Which? expert called the boiler “remarkably easy to service with lots of room to work inside the boiler”.
 “We are glad with the current recognition this great boiler is receiving. The Potterton Gold Combi HE is created from high quality components and go through thorough quality tests to make sure that it meets our challenging standards of reliability,” said Paul Haynes, Head of Potterton Product Management.
 “It comes with a pre-plumbing jig, a filling loop fitted as regular and extensive flue options for flexibility of sitting to make the installation simple.”
Potterton Gold Combi HE range is available in outputs of 24, 28 and 33 kW, along with a dedicated 28kW LPG model.
For homeowners, a boiler’s superb energy efficiency translates into lower gas bills and reduced carbon emissions. The Potterton Gold Combi HE range is all Energy Saving Trust Recommended merchandise. A timer is included and the controls are very easy to use. Also, there is a digital display and bright neon lights that shows the boiler’s current operational status. The instructions are also inside the cover of the controls, which is very convenient.

About Potterton

Potterton is a well-known British company with reputable credentials. As a matter of fact, we have a track record dating back for around 150 years, which makes us a trusted name.
Potterton history. For more than 150 years, the Pottertion brand has been committed in providing high quality and unrivalled service in the design and production of boilers. Actually, Potterton has made more than 5 million boilers over the years.

We have brand values in place that are included in the Potterton ethos.

User-friendly. Whether it is for installers, specifiers or customers, we work out problems. Thus, our boilers are easy to fit and easy to use daily.

Reliability. Our name is almost synonymous to reliability which makes it the top reason to purchase Potterton. It applies to all our products, service and staff. In short, Potterton is all about dependability.

Trust. We strive to make it known to everyone that they can depend on us and on our products. We do not make false claims or promises.

Customer-focused. We create products that are essential to people. Our customers are always top priority and our products are too important to work any other way.

Relaxed. We do not create needless fuss for we are decent people to do business with. So whatever you require, you can count on us to listen with an open mind.

Mainstream. We are not niche; we are for everyone. Our services and boilers are intended to meet the needs of just about everyone out there.

Heateam Awarded Field Service Award - Eldora Gold Boiler Reports

We are pleased to publicize that heateam, the assistance department of BDR Thermea, has received the Field Service category of the National Customer Service Awards 2010. Get the most recent boiler technologies from Potterton. Prevent getting scammed, fraud and gotten into speeches of boiler room, on the internet (blank) warning, promoting fake heatem, boilers. Maintain up-to-date on most current engineering information from Eldora Announcement Resources on the internet classifieds.

Heateam overcome other finalists Royal Mail, Thames Water and Rentokil to get the actual prestigious accolade, following a demonstration to the judges to demonstrate how we provide customer service, instruction as well as high quality with enthusiasm, professionalism and passion.

The judges mentioned: "We were fascinated with the emphasis on working together from this entry and how each individual is encouraged to take responsibility with regard to customer service. The result is improved effectiveness for the company and a much better expertise for the client, which is exactly what this award is about. A deserving winner.”

The achievement was announced during the award ceremony in London on 7 December, hosted by comedian Kevin Bridges.  The trophy was presented to John Orris, Field Service Manager, South region.

Lee Robinson, Customer Service Director, said: "Our field service engineers work tirelessly to keep our customers warm and happy.  During a typical day they could be carrying out a routine boiler service, carrying out repairs, working with an installer or contractor to explain our products or just showing the householder how to get the best out of their system.

"They often call when the householder is distressed or even angry, and always endeavour to leave them happy and comfortable.  The recent weather conditions have been very difficult for everyone in the heating industry, and our engineers have been affected by the snow and ice like everyone else.  However, they have pulled together, and worked long hours in difficult conditions, to try and get to people as soon as possible.

"I am extremely proud to add this award to our recent service centre success, where we were ranked seventh in the 2010 Top 50 Call Centres for Customer Service. 

"I would like to thank everyone in heateam for their dedication and hard work in making us the best service provider in the heating industry,” adds Lee.

heateam, BDR Thermea's in-house service division has a national network of over 280 highly skilled Gas Safe registered field service engineers,  They provide service and support for all Baxi, Potterton, Main and Remeha domestic boilers, Heatrae Sadia and Santon hot water products and Valor fires. The Warwick-based service centre is open 363 days a year.

For more information visit the heateam website or call 0844 335 2266.