Bema Gold floated on AIM today...

Looks to be a good company with good results released in August. A rising gold price can only benefit this company.. $400 by end of year?? IMHO.. Please DYOR.


Bema Gold Corporation
30 September 2003

30 September 2003


Bema Gold Corporation lists on the Alternative Investment Market
of the London Stock Exchange
and becomes AIM's second largest company


Bema Gold Corporation ('the Company'), the Toronto Stock Exchange (TSE) and
American Stock Exchange (AMEX) listed Canadian mining company, announced today
that its common shares have been approved for trading on the Alternative
Investment Market (AIM). The Company's shares commenced trading today on AIM
with an opening price of 156.5p under the symbol 'BAU'. Canaccord Capital
(Europe) Limited is acting as the nominated adviser and broker to the Company.


Bema Gold is an intermediate gold producer with operating mines and development
projects in Russia, South Africa, Chile and Canada. Over the last decade Bema
has demonstrated an exceptional exploration track record and the ability to
develop its assets from the exploration phase to production. The Company's
growth strategy is to increase gold production to over 1 million ounces annually
through the advancement of existing development projects and to acquire other
exploration and development opportunities globally. Bema has a strong cash
position and enjoys exceptional leverage to increasing gold prices and excellent
liquidity.


Clive Johnson, Chief Executive Officer of Bema Gold, comments: 'Listing on AIM
is an integral part of our European Development Strategy. While Bema has
benefited from a strong European shareholder base for many years, the AIM
listing will give us better exposure to European investors. Being an
international gold producer, we look forward to being part of the UK market that
is historically renowned for financing mining projects around the world.'


Bema operates the Julietta Mine in Russia and the Petrex Mines in South Africa
and is a 50% owner of the Refugio Mine, Chile (currently on care and
maintenance). In 2003 projected production is 270,000 ounces of gold from
Julietta and Petrex. Bema is expecting to complete a ramp up at Petrex by the
fourth quarter of 2003, bringing the Company's annualized rate of production to
over 300,000 ounces of gold. Furthermore, plans are underway to recommence
production at the Refugio Mine in 2004, increasing projected annual production
to approximately 400,000 ounces of gold.


The operation of the Julietta mine has given Bema valuable experience and a
strong profile in Russia. Bema is recognised as one of the few Western
companies to have brought international financing to a Russian project and built
a successful mine working with local partners.


Bema has been able to leverage its success with precious metals projects in
Russia and, in late 2002, entered into an agreement with the government of the
Chukotka province in North East Russia to acquire up to a 75% interest in the
high grade Kupol property.


An extensive exploration drilling program has been carried out by Bema in 2003,
confirming that the Kupol property hosts a high grade world class gold and
silver deposit. Based on the results to date, Bema intends to fast track the
exploration and development of the Kupol Project.


Ends


For further information, please contact:

Clive Johnson (CEO)
Bema Gold Corporation
Tel: 001 604 306 7003


Jerry Korpan (Non Executive Director)
Bema Gold Corporation
Tel: 07768 415 361


Neil Johnson
Canaccord Capital (Europe) Limited
Tel: 020 7518 7372


Simon Robinson / Justine Howarth
Parkgreen Communications Ltd
Tel: 020 7287 5544

Getting a fair old tonking this afternoon as POG drops. Analysts are saying though over in the US they expect a big surge on POG very soon to new highs. So as this one follows POG very closely Im not worrying. No problems. Cool calm and collected I think. Will just pop for a quick pint or two to steady the old nerves.

cheers GF.

Hi gf.cbsmarketwatch said a bit about it today rgds aj

Ended up on the day by 3p.

GF.

NEWS
Edwin Gols - Director sold 50,000 shares @ 5.31 dollars.rgds aj

Some excelent news through late today....................

Bema Gold Corporation
08 December 2003


News Release

Bema and Kinross Plan to Recommence Gold Mining at Refugio

Vancouver, British Columbia, December 4, 2003... Bema Gold Corporation (TSX,
AMEX-BGO, AIM-BAU) ('Bema') and Kinross Gold Corporation (TSX-K; NYSE-KGC)
('Kinross') are pleased to announce that their respective boards of directors
have approved the recommencement of gold operations at the Refugio heap leach
mine located near Copiapo, Chile.

Compania Minera Maricunga ('CMM') owns the Refugio mine and is owned 50% by Bema
and 50% by Kinross. The Refugio mine had been placed on care and maintenance in
May 2001 due to low gold prices and has produced declining amounts of gold from
residual leaching of existing heaps since that time. During the past year, a
56,000 metre drill program was successful in expanding reserves to justify a
greater than 25% expansion of daily throughput compared to historic production
levels. Initially the Verde pits are scheduled to produce 40,000 tonnes of ore
per day which will be crushed and placed on the leach pads. Subsequently the new
Pancho pit, expected to be mined at 35,000 tonnes of ore per day, will extend
the mine-life to approximately 10 years at an assumed gold price $350 per ounce.
Life-of-mine annual gold production is expected to range from 230,000 to 260,000
ounces on a 100% basis at total cash costs averaging approximately $225 per
ounce.

Production is expected to recommence late in the fourth quarter of 2004. Initial
capital costs on a 100% basis for the expanded project are estimated at
approximately $71 million to repair and replace critical components of the
existing infrastructure, increase reliability, improve serviceability and
provide a safe and efficient work environment. In addition, a new mining fleet
will be purchased and is anticipated to be financed through a capital lease of
approximately $30 million. Major capital items include plant modifications and
upgrades, a modest pre-stripping program and 110-kilometre power line, connected
to the Chilean grid, which will replace the previous diesel generated power.
Bema is currently evaluating various financing options including project debt
and convertible debentures for its 50% of capital requirements.

The combination of improved gold prices and expanded reserves have resulted in
robust economics for the expanded project. At the base case gold price of $350
per ounce, the proven and probable reserves (100% basis) are estimated at
124,054,000 tonnes at a grade of 0.86 grams of gold per tonne for 3,433,000
ounces of gold. The base case project economics indicate a pre-tax internal rate
of return ('IRR') of almost 22% and a payback of approximately 3.8 years. The
sensitivity analysis of the project economics yields an IRR of approximately 34%
and a payback of 2.6 years at the current gold price of $400 per ounce.

The Qualified Persons under National Mining Instrument 43-101 are W. Hanson,
P.Geo and R. Cooper, P.Eng, both of Kinross. For further information on Bema
please email investor@bemagold.com or visit our web site at www.bema.com. To
speak to a representative of the Company please contact:

Ian MacLean Derek Iwanaka
Manager, Investor Relations Investor Relations
(604) 681-8371 (604) 681-8371 ENDS.

In other words because POG is on the rise the mine is now profitable again.

cheers GF.

looks very good. rgds aj

I forgot to mention my concern - I wrote in Gold Bullion Security thread rgds aj

bema gold is taking a bit of a battering last couple of days. big director selling may be telling us something?

All gold miners in the US have taken a battering over the last two days. SI please see Gold thread.

cheers GF.

See STRONG INTEREST IN GOLD on my Gold Bullion thread rgds aj

Been passed news on tonight that Bema has reported a new big fing of Gold and DIAMONDS. Must be a RNS tomorrow. Price up over 5% in the US.

cheers Gf.

Up again in the US tonight.

cheers GF.

Up in the US and on reasonable volume. Hope it keeps going.

cheers GF.

Finished like a train in the US tonight. This is the one to be on but its a volatile devil.

Should see a mark up here in the morning.

cheers GF.

this ones flying today.

Plenty of upside left in it.

GF.

GF

This has crashed, what are your opinions on a bounceback?

Dont panic, stay in its a volatile share. Its done this before only to recover as high as 241p. Gold stocks could have a nervous 2 weeks the yank analysts say. Just stick in there.

cheers GF.

GF

I haven't got any shares in Bema Gold but I was thinking of buying.

Why did it crash so badly?

Up nearlly 4% this evening at close. Sorry apple it didnt crash, please look at the daily trading.

cheers GF.

Flying this morning on the new survey out on RNS. Just wait while the US and canadian markets open.

cheers GF.