Hunan Gold Shares Surge After Large Resource Found in China [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting Paris to Replace Parking Spaces With Trees NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll The Geological Bureau of Hunan Province said on Thursday that it had detected more than 40 gold veins containing an estimated 300 tons of the precious metal beneath the Wangu Goldfield in Pingjiang county, at around 2,000 meters deep. Feasibility studies are still needed to identify the actual reserves, it said. Hunan Gold has some mines in the goldfield, the company told Securities Daily. However, the commercial value of the resource is unclear given its depth. It's uncertain whether development is possible or economically viable, the company said in the report. Gold prices have hit successive records this year on US rate-cut expectations and geopolitica
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Earnings
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Sec Filings
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- 11/21/24 - Form 424B2
- 11/21/24 - Form 424B2
- GS's page on the SEC website