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
Taseko Mines (TGB) released production results for the second quarter of 2009. During the second quarter, the Gibraltar Mine produced 19.1 million copper pounds and 217,000 pounds of molybdenum. For the first half of 2009, Gibraltar produced 39 million pounds of copper and 404,000 pounds of molybdenum, a 46% increase compared to the same 2008 [...]
The battle for gold price leverage, and for Moto Goldmines (MGL.TSX) world-class gold deposit, has heated up. The Board of Directors of Moto has reviewed the proposed agreement with Randgold Resources (GOLD) and considers it a ‘superior proposal’ to that made by Red Back Mining (RBI.TSX). Moto shareholders would receive 0.07061 of an ordinary share [...]
Premier Gold Mines (PG.TSX) has announced that the company has signed a Memorandum of Understanding with the Ginoogaming First Nation. The agreement will establish a commitment by both parties to strive for a mutually beneficial relationship regarding the exploration of the Ginoogaming’s property. Conciliation is sought with respect to advancing Premier’s Hardrock Project, located about [...]
Skygold Ventures (SKV.TSXV) has commenced its drilling program at its Spanish Mountain property. The project, located in the south-central region of British Columbia, is wholly-owned by Skygold. The drilling program is expected to encompass a minimum of 8,000 meters of drilling. The company released an updated resource estimate from March 18, 2009, for the property. [...]
Yamana Gold (AUY) was downgraded by Barry Cooper, precious metals analyst with CIBC World Markets, from a Sector Outperformer to a Sector Performer. Mr. Cooper, a well-respected analyst in his field, downgraded Yamana due to the fact that the company will not see any meaningful growth until beyond 2011. He also noted that one of [...]
Iamgold (IAG) provided an update for its 2009 exploration program. For the year, IAMGOLD will spend $54 million on exploration, of which $34 million will be on grass roots programs. The company’s focal points are West Africa, the Guyana shield, and Canada. At the company’s Rosebel project, the company highlighted positive results in the Mayon [...]
The gold price is marginally stronger this morning, trading up $2.80 to $954.15 per ounce, as the dollar trades lower versus most of the world’s currencies. The EUR/USD cross is up to 1.425, a level that is less than 1% off its 2009 highs. The weaker dollar is continuing to fuel a commodity rally. Copper [...]
Gold Fields (GFI) announced that the company has reached a takeover agreement with Glencar Mining Plc (GBX.AIM). The cash offer is for all of the outstanding shares, and would make Glencar a wholly-owned subsidiary of Gold Fields. Under the terms of the cash offer, Glencar shareholders will receive 9 pence Sterling for each share. Currently, [...]
Over the course of this past week, the gold price traded in one of its narrowest ranges of the year. On a closing basis, the spot gold price never moved outside a 0.3% range. Its lowest close of the week was on Tuesday at $948.50 per ounce while its highest close was Wednesday, when it [...]
Minera Andes (MAI.TSX) announced that it has entered into an agreement with a syndicate of underwriters who have agreed to purchase C$20,025,000 at a cost of C$0.65 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable at C$1.25 for a period of 5 [...]
