Gammon Gold Announces Discovery at Ocampo

Gold Price Posts 9% Gain in Q3; Silver Ramps 19.6%

The gold price tacked on $14.43 to finish the month at $1,007.21, posting a nearly 9% gain for the quarter. The performance of the silver price was even better this past quarter, as it rallied 19.6% to a closing price today of $16.65 per ounce. The silver price tends to outperform the gold price during [...]

Kinross Gold CEO Says Company Eyeing Acquisitions

Kinross Gold (KGC) could generate a 57% rise in gold production over the next five years if it decides to pursue new mines and expansions currently under consideration, according to a recent report from Bloomberg. Tye Burt, Kinross’s CEO, stated that the company could add approximately 1.3 million ounces of gold if it proceeds with [...]

Bullish Option Activity Continues in Ivanhoe Mines

Ivanhoe Mines (IVN), a Canadian-based mining company has been battling with the government of Mongolia to permit the massive Oyu Tolgio gold and base metals mine. Investors have been scrambling for both the operating leverage to Ivanhoe as well as the exposure to the gold price and other industrial metals via long positions in the [...]

Gold Price Recaptures $1,000 Level as Q3 Closes

The gold price rose $8.99 to $1001.77 per ounce heading into the open on the last trading day of the quarter. After breaking out through $1,000 per ounce on September 11, the gold price has been oscillating in a narrow band for the past three weeks. The U.S. dollar has stabilized over the same time [...]

Gold Price and Negative Nominal Interest Rates

The current global currency instability has ushered in a new era of relevancy for the gold price. Ironically, the great experiment in Keynesian demand management poses a threat to the fiat currencies of the world, something that Keynes himself warned about decades ago. “There is no subtler, no surer means of overturning the existing basis [...]

High-Grade Gold Intercept Over Huge Widths Propels Colossus 24% Higher

The much-anticipated assays from Colossus Minerals’ (CSI.TSX) 75%-owned Serra Pelada project in Northwestern Brazil were released today, and the results were extremely positive news for the company’s shareholders. Colossus reported high-grade gold intercepts, including a hole assaying 54 grams per ton gold, 21 grams per ton platinum, and 31 grams per ton palladium over 71 [...]

Romarco Acquires Buzzard Property in South Carolina

Romarco Minerals Inc. (R.TSXV) announced that it has acquired approximately 662 additional acres of land next to and on trend from the company’s Haile Gold Mine in South Carolina. Roughly 512 of the acres were purchased in an area known as Buzzard, which is located roughly 9.6 kilometers to the northeast of Haile. Under the [...]

Gold Price & Markets Steady on Mixed Data

The gold price, along with the broader equity and commodity markets, digested both bullish and bearish economics releases, and one hour into the trading day were hovering near unchanged levels. On the bearish front, the Conference Board released its consumer confidence figures this morning, and the data came in lower than market expectations. The 53.1 [...]

Kirkland Lake Gold Provides Update on Drilling at South Mine Complex

Kirkland Lake Gold (KGI.TSX) provided an update on the exploration drilling testing part of its South Mine Complex. The South Mine Complex consists of 15 or more mineralized zones, including some which are currently being explored, while others remain in production. Highlights of the recent drilling include drill hole 53-1319, which assayed 4.45 ounces of [...]