Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Canaco Resources (CAN) delivers initial resource for Magambazi
Aurizon Mines (AZK) reports “excellent” results at Casa Berardi
Premier Gold Mines (PG) reports proposed additions to Board of Directors
Gold prices continued their ascent on the last trading day of May, rising $17.55 to $977 per ounce. The month of May brought a spectacular rise in nearly all reflation plays, as market worries over the inflationary impact of government policy steadily rose. The U.S. Dollar Index (DXY 79.46) is off 6.1% in May, trading [...]
For the second time this week an unusually large trade went up in the ISHARES Silver Trust (SLV $15.42). An investor sold 100,000 January 13 puts, bought 75,000 January 14 calls and sold 100,000 Jan 19 calls. As a net result of the trade, this unidentified investor initiated a long 4 million delta position, essentially [...]
Kinross Gold (KGC) announced that the company has subscribed to a private placement for 2.19 million units in explorer Millrock Resources (MRO). Each unit entitles Kinross to purchase one share and one-half purchase warrant. The private placement subscription of $320,000 will give Kinross a 6.5% interest in Millrock, which will use the proceeds to undertake [...]
