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U.S. Gold

 
Hoover's Profile: US Gold Corporation
(NYSE Alternext:UXG) (Toronto:UXG)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
US Gold Corporation
99 George St., 3rd Fl.
Toronto, Ontario M5A 2N4, Canada
Tel. 647-258-0395

Type: Public
On the web: http://www.usgold.com
Employees: 60
Employee growth: (6.3%)

Eureka! Eureka County, Nevada, that is, where mining company US Gold owns the Tonkin Springs gold property. The company is evaluating the ongoing development and production of the site, which includes an open-pit gold mine, a milling facility, and support facilities. US Gold took full ownership of the Tonkin Springs property in 2005 by buying out BacTech Mining. In 2007 it moved to acquire three Canadian gold companies with properties adjacent to Tonkin Springs: White Knight Resources, Nevada Pacific Gold, and Tone Resources. Chairman and CEO Rob McEwen owns a 22% stake in US Gold.

Key numbers for fiscal year ending December, 2008:
Sales: $0.0M
Net income: ($131.1)M

Officers:
Chairman and CEO: Robert R. (Rob) McEwen
VP, CFO, and Secretary: Precious Metals Mining & Processing

Competitors:
Barrick Gold
Coral Gold
Gold Summit

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U.S. Gold
Industry Computer and video games
Products Computer games

U.S. Gold was a British video game publisher and developer from the early 1980s through the mid-1990s, producing numerous titles on a variety of 8-bit, 16-bit and 32-bit platforms.

Contents

History

U.S. Gold was founded in Birmingham in 1984 by Geoff Brown as the publishing division of Centresoft, a computer game distribution company he founded in 1983. Their primary purpose was to publish popular American Atari and Commodore 64 games in the UK and Europe and later convert them to other popular 8-bit home computer formats in the European market, such as the ZX Spectrum and Amstrad CPC. This business plan proved to be an instant success, prompting U.S. Gold to expand by acquiring smaller developers and seeking out licences that they could commercialise. Various popular video games was ported by company for IBM PC including Street Fighter II, World Cup Italia '90 and World Cup USA '94.

The publisher continued to expand their operation well into the 1990s. However, a number of their more lucrative licensing deals, particularly one with LucasArts (formerly Lucasfilm Games), fell through, threatening to affect their income. In order to help consolidate their finances, they joined forces with UK software distributor CentreSoft to form the CentreGold Plc Group. Internal game development studios owned by U.S. Gold were the internally formed Silicon Dreams and acquired Core Design.

The three-way partnership at the heart of CentreGold didn't last long, however, as the group was acquired by Eidos Interactive in April 1996. Eidos sold off CentreSoft and maintained Core Design as a developer but decided to discontinue the U.S. Gold brand. Silicon Dreams Studios was sold back to U.S. Gold founder Geoff Brown and became the keystone for his new development venture Geoff Brown Holdings (GBH).

The last retail game to bear the U.S. Gold logo was Olympic Games: Atlanta 1996, released in June 1996 for the PlayStation, PC and 3DO. The remaining U.S. Gold games awaiting publication at the time of their acquisition by Eidos were released in August 1996 with the exception of Dream Team Basketball. Dream Team Basketball was to be released on the Sony PlayStation but was cancelled.

U.S. Gold licences

World Cup Carnival

See also: World Cup Italia '90, World Cup USA '94

U.S. Gold's release of World Cup Carnival on the C64, ZX Spectrum and Amstrad CPC came in 1986. The company had acquired the rights to produce the official computer game of the Mexico 86 World Cup football competition well in advance of the planned release date. The game was to be developed in-house, but programming and marketing problems arose that were unable to be overcome in time for the game's release. At the eleventh hour, U.S. Gold acquired the rights to Artic's World Cup Football, a football game that had been released a couple of years earlier. U.S. Gold made a few modifications and released it just in time to capitalise on the popularity of the World Cup competition.

Having been promised a revolutionary World Cup football game, gamers, critics and retailers alike saw through U.S. Gold's thinly-veiled attempt to repackage an older game. U.S. Gold responded to this initial criticism by suggesting that their game had significantly improved an old classic, but they later admitted their folly. Despite their poor handling of the Mexico 86 licence, U.S. Gold were awarded the official FIFA license to produce games for the Italy 90 and USA 94 World Cup tournaments.

Winter Olympics (1994), the official Lillehammer Olympics video game.

Olympics

U.S. Gold were synonymous with Olympic computer and videogames for many years. The company enjoyed enormous success in the 1980s with their publication of the classic Games series from American developer Epyx. Comprising Summer Games, Summer Games II, Winter Games, World Games, California Games, California Games II, The Games: Summer Edition and The Games: Winter Edition, there was no denying U.S. Gold's ability to successfully market a high profile sporting game.

When Epyx went out of business in 1989, U.S. Gold were eager to continue publishing Olympic themed games. They decided to take advantage of their reputation as a publisher of quality licensed titles by seeking the official video game licence for the Barcelona 1992 Summer Olympics. The resulting game, Olympic Gold was released in 1992 for the Sega Game Gear and Sega Master System, and the 16-bit console Mega Drive/Genesis. The game was a critical and commercial success, which led to U.S. Gold producing similar titles for the Lillehammer 1994 Winter Olympics and Atlanta 1996 Summer Olympics (Winter Olympics and Olympic Summer Games respectively). The latter would be the last game to bear the U.S. Gold logo.

Capcom

U.S. Gold released computer ports of various arcade games by Capcom such as Street Fighter, Final Fight, Street Fighter II, Ghouls 'n Ghosts, Mercs and Forgotten Worlds among others. In addition to porting the original Strider, U.S. Gold released an original sequel titled Strider II, unrelated to Capcom's later arcade sequel, Strider 2. U.S. Gold also released an original Game Gear version of Mega Man.

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