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
The gold price held firm following the release of the Federal Reserve Open Market Committee statement at 2:15pm eastern time. Spot gold was +$4.80 to $930.60 per ounce after trading as high as $942 shortly after the opening bell. While the benchmark interest rate was left unchanged between zero and 25 basis points, the Fed’s [...]
Freeport-McMoRan Copper & Gold (FCX) rallied 3.4% today after it was upgraded to outperform from market perform by analyst Luther Lu at FBR Capital. The easing of operating costs due to declining crude oil prices was cited as one rationale for the firm’s upgrade. There were two other notable ratings changes; both coming in the [...]
Lake Shore Gold (LSG.TSX) announced results from the drill program at its 60%-owned Thunder Creek property in Ontario, Canada. The project is adjacent to Lake Shore Gold’s 100%-owned Timmins Mine project. Thunder Creek is a joint-venture with West Timmins Mining (WTM.TSX). Results were released from six new holes and one wedge hole. The company reported [...]
Gold explorer, Rainy River Resources (RR.TSXV), has announced that Nelson W. Baker has stepped down as President and CEO of the company. He will be replaced by Raymond W. Threlkeld. Baker will continue to serve Rainy River as a consultant, as well as Vice-Chair of the Board of Directors. Mr. Threlkeld brings much-needed experience in [...]
The U.S. House of Representatives recently passed a bill that will allow the International Monetary Fund (IMF) to sell 403.3 tons of gold. The approval of this sale was tied to the Military Supplemental Bill which gave additional funding to troops in Afghanistan and Iraq. The funding bill contained a provision of $108.6 billion to [...]
Fresbal Investments, Ltd, a subsidiary of Fresnillo PLC, has withdrawn its offer for 100 per cent of the common shares of Mag Silver Corp (MVG). Fresnillo, which is the world’s largest silver producer, said the bid is no longer in the best interests of their shareholders. In December of 2008, Fresnillo made $4.54 unsolicited bid [...]
Leading silver producer, Pan American Silver Corp. (PAAS), announced that with its joint venture partner, Orko Silver Corp (OK.TSX), the company plans to begin drilling at their La Preciosa silver project in Mexico. This comprehensive program will include more than 30,000 meters of drilling and will run through the end of the year. The exploration [...]
In an attempt to take advantage of the growing interest in gold, TG Gold-Super-Markt, a German-based company, has begun to place its ‘Gold to Go’ vending machines around the world. The first of these sophisticated machines has been delivered to Frankfurt airport. The company plans on distributing another 500 machines to airports and railway stations [...]
On Thursday, emerging gold-producer, Osisko Mining (OSK.TSX), saw its shares spike higher on takeover rumors. This prompted the Canadian-based gold company to release a statement saying that ‘Osisko is not aware of any material information that may be contributing to the recent increase in market price and the level of trading activity of the common [...]
Following the Annual General Meeting held on Wednesday, June 18th, 2009, Robert McEwen was named interim president and chief executive officer of Minera Andes (MAI.TSX). Mr.McEwen is replacing Allen Ambrose, effective immediately. Minera Andes holds a 49% interest in the high-grade San Jose gold-silver mine located in Argentina. The mine commenced operations in 2007 and [...]
