Kinross Gold (TSX:K) Canada's third-largest gold producer, denied a statement from Southridge Enterprises (OTC Pink:SRGE) that says the two companies are working together to develop properties in Mexico. In a statement quoted by Bloomberg, Toronto-based Kinross said the company "has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time."Focus Minerals (ASX:FML) completed a AU$225-million private placement with Shandong Gold Mining (SSE:600547), which will take a 51-percent equity stake in the Australian gold miner.
Gold Stays Low As Hope Fades For Fiscal Cliff Resolution
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