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ORFG.PK, NYSE:AUY, AMEX:PLM Market Updates On Mining Companies.

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Orofino Gold Corp. (PINK OTC:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.

With the frequent occurrence of the very high grade gold vein systems in the central area of its Senderos de Oro project and with several small scale grinding and amalgamation mills in-place, Orofino is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while the Company continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

The company has reviewed several engineering and design firms with gold production facilities design and operational experience and is currently creating a short list prior to engaging the design team. Orofino intends to continue the relationships currently enjoyed with all government agencies, the local communities, as well as current production teams and will involve these groups in all major processing and production planning decisions.

Ownership of gold and silver, along with quality precious metals mining shares, is becoming one of the hottest investments on the planet.

The early adopters, who wisely purchased their positions before the masses come, will sleep well at night while others fret and worry as they watch the purchasing power of their savings evaporate like water in the desert.

Gold offers a safe way to hedge against these falling flat currencies.

 

 

 

Yamana Gold Inc. (NYSE: AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.

Yamana has six core producing mines, Chapada, Jacobina and Fazenda Brasileiro located in Brazil, El Penon and Minera Florida in Chile, and Gualcamayo located in Argentina. In addition, the Company has seven development stage projects, C1 Santa Luz, Mercedes, the tailings reprocessing project at Minera Florida, Ernesto/Pau-a-Pique, QDD Lower West, Pilar and Caiamar, as well as a robust exploration portfolio.

Yamana Gold Inc. reported that its second quarter results will be released after market close on August 4, 2010 followed by a conference call on August 5, 2010 at 11:00 a.m. ET.

 

 

PolyMet Mining Corp. (AMEX:PLM) reported recently that the state and federal government agencies responsible for the Environmental Impact Statement (EIS) reviewing PolyMet’s copper-nickel-precious metals project will complete the EIS process by preparing a supplemental draft EIS that incorporates the proposed US Forest Service (USFS) land exchange and expands government agency cooperation.

The USFS will join the US Army Corps of Engineers (USACE) as a federal co-lead agency through the completion of the EIS process. In addition, the U.S. Environmental Protection Agency (EPA) will join the effort as a cooperating agency. The Minnesota Department of Natural Resources (DNR) remains the state co-lead agency.

The PolyMet project comprises the Erie Plant and the nearby NorthMet copper-nickel-precious metals ore-body, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

PolyMet began the environmental review process in 2004. The analysis is contained in more than 100 technical studies totaling approximately 14,000 pages that were the basis for the draft EIS.

PolyMet Mining Corp. is a mine development company that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota.

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