In the Summer Issue,

March 2009 Quarter Review : Once again cash costs are starting to be reined in and in Q1 costs were US$432/oz just 7% up on Q1 2008 and down marginally from Q4 2008, when they averaged US$439/oz.

Metals & Markets
2009 has seen a cautious improvement in the gold equities' markets, although some stocks have posted impressive gains. The XAU is up 13% YTD, while the gold price has risen just 7%.

World Gold Explorer
Two explorers prove that there is some life in the junior sector -Rubicon may be Goldcorp's next target and Underworld soars on 2009 drill results. Also, a look at the state of the industry nine months after the Lehman collapse.

SPECIAL FOCUS: China:
In this Special Focus: In 2007, China became the world's largest gold producer, a position which it retained in 2008 with a reported production of 292 t. Since our last in-depth review in 2007, three new foreign-owned mines have reached commercial production, but overall its not been a story of unremitting good news. In this Special Focus we review the new mining operations and bring readers up-to-date with other developments.