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Cash Riches Gold

Gold announcements for SILA, FCX, and GOLD

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Gold American Mining Corp. (OTC.BB:SILA) is pleased to announce that Cohen Independent Research Group, Inc., the Investor Awareness Industry's Research Firm of Choice, in a new report, has upgraded its Cohen Price Target on the Company from $3.16 to $3.31. The Cohen Price Target is derived using a combination of four academic and market-based valuation approaches (one of which is the DCF valuation) that are equally weighted (25%) components used in calculating the Cohen Target Price.

SILA is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) recently reported that the company has declared a cash dividend of $0.30 per share payable on August 1, 2010 to holders of record as of July 15, 2010 for its common stock. As previously announced in April 2010, FCX's Board of Directors authorized an increase in the annual cash dividend on its common stock from $0.60 per share to $1.20 per share, payable quarterly at a rate of $0.30 per share. The declaration and payment of dividends is at the discretion of FCX's Board of Directors and will depend on FCX's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board.

FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world's largest producer of molybdenum.

FCX engages in the exploration, mining, and production of mineral resources. It primarily explores for copper, gold, molybdenum, silver, and cobalt deposits. The company holds interests in various properties located in North and South America; Grasberg minerals district in Indonesia; and Tenke Fungurume minerals district in the Democratic Republic of Congo.

Randgold Resources (Nasdaq:GOLD) recently discovered a world-class gold deposit at Gounkoto in western Mali confirms the region's potential for further finds of this size. Gounkoto is located 25 kilometres south of Randgold's Loulo complex, currently being expanded into a megamine with two open-pit and two underground operations. The feasibility study on Gounkoto is scheduled for completion by the end of this year, and Bristow said at this advanced stage all indications pointed to a substantial high-grade orebody with relatively simple metallurgy, capable of being converted into a low-cost, long-life open pit and underground mine.

Bristow noted that since its establishment 15 years ago Randgold Resources had been built into a substantial African business which had attracted investment from the world's primary capital markets into the development of Africa's mineral resources. The company also owns the Morila mine in Mali and is currently commissioning a new mine at Tongon in the Côte d'Ivoire. It also has a 45% stake in the Kibali project in the Democratic Republic of Congo, one of Africa's largest undeveloped gold deposits.

GOLD is an African focused gold mining and exploration company with primary listings on the London Stock Exchange and Nasdaq. Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 3 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Côte d'Ivoire and the 3 million ounce Massawa deposit in eastern Senegal.

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