The production of ornamental objects was probably the first use of gold over 6000 years ago. Gold is found in the pure state, is very easy to work and was probably the first metal used by humans. Today, most of the gold that is newly mined or recycled is used in the manufacture of jewelry. About 78% of the gold consumed each year is used in the manufacture of jewelry.
Although primarily used as a store of value, gold has many modern industrial uses including dentistry and electronics. Gold has traditionally found use because of its good resistance to oxidative corrosion and excellent quality as a conductor of electricity.
Colombia is Latin America’s fifth largest producer of gold.
Orofino Gold Corp. (PINKSHEETS:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
According to the company, ORFG will aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
More about ORFG at www.orofinogold.com
John Hancock Tax Advantaged Dividend Income Fund (NYSE:HTD) recently reported that its Board of Trustees, in evaluating strategic options to enhance shareholder value and potentially decrease the discount between the market price and the net asset value ("NAV") of the Fund's common shares, has renewed the Fund's share repurchase plan that is set to expire on December 31, 2010. As renewed, the Fund may purchase, in the open market, up to an additional 10% of its outstanding common shares between January 1, 2011 and December 31, 2011 (based on common shares outstanding as of December 31, 2010). The share repurchase plan seeks to enhance shareholder value and to potentially narrow the Fund's discount to NAV. The plan allows the Fund to acquire its own shares in the open market at a discount to NAV, which is intended to increase the NAV per share. It could also have the benefit of providing additional liquidity in the trading of common shares.
John Hancock Tax Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched by John Hancock Funds, LLC. It is co-managed by John Hancock Advisers, LLC, MFC Global Investment Management (U.S.), LLC, and Analytic Investors, Inc. The fund invests in public equity markets of the United States.
Janus Capital Group Inc. (NYSE:JNS) recently reported the three-year anniversary of Janus Global Real Estate Fund Class I Shares (MUTF:JERIX). The fund, which was launched on November 28, 2007, is ranked in the top 2% of its Lipper peer group since inception based on total returns. Janus Global Real Estate Fund, which is managed by Patrick Brophy, focuses on real estate related companies that the portfolio manager believes have solid financials, quality management teams and holdings in prime locations.
Janus Capital Group, Inc. is a publicly owned asset management holding company with approximately $167.7 billion in assets under management. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients.
Intermec, Inc. (NYSE:IN) recently reported that it in partnership with MobileFrame, a leading provider of wireless mobile applications, has empowered professional services firm PBS&J to enhance overall business processes and improve data tracking accuracy to 90 percent. Specializing in architecture, construction and engineering, PBS&J was brought on by the Mississippi Alternative Housing Program to help displaced Hurricane Katrina victims obtain new homes and deployed the Intermec CN3 rugged mobile computer and a MobileFrame application to ensure consistency and expedite processes for housing site inspections.
Intermec, Inc. designs, develops, integrates, sells, resells, and repairs wired and wireless automated identification and data collection (OTC:AIDC) products and related services worldwide. Its products include mobile computing products, bar code scanners, and radio frequency identification (RFID) products.
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