Gold & Metals industry news provided by Financial News USA (OTC: FNWU). YAMANA GOLD INC. (Toronto:YRI.TO) (NYSE:AUY) (AIM: YAU) is very pleased to announce that it has declared commercial production at its Chapada mine effective February 11, 2007. Chapada is Yamana's flagship operation, located in the state of Goias, Brazil. The Chapada mine and processing facilities were constructed in less than two years following receipt of a positive feasibility study in June 2004 and the start of construction in November 2004. The Board of Directors of USEC Inc. (NYSE:USU) has named Stephen S. Greene as the Company's vice president responsible for finance and treasurer. Greene will report to John C. Barpoulis, senior vice president and chief financial officer. Barpoulis was previously treasurer. Greene will be responsible for financings, corporate strategic and financial planning, risk management, treasury operations, pension and benefit investments, and mergers and acquisitions.
Newmont Mining Corporation (NYSE: NEM) recently announced that Mr. Seymour Schulich will remain as Chairman of Newmont Capital Limited (a Newmont subsidiary) and will continue to serve as a consultant to the Company, but will not stand for re-election to the Newmont Board of Directors at the Company's Annual Meeting of Stockholders in April 2007. Newmont Mining Corporation primarily engages in the exploration for and production of gold. G&S Minerals, Inc. (OTC:GSML) is positioned to exploit the approximately thirty thousand tons of ore tailings at the La Millonaria mining site. The company is also poised to start the actual construction of the mill and processing plant. Arrangements are now being set to initiate the drilling and sampling for La Millonaria. For an independent perspective on GSML please visit www.stocksjournal.com.
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