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
Colossus Minerals (CSI.TSX) announced that it has appointed Randy Reichert as President and Chief Operating Officer of the company, effective September 24, 2009. Previously Mr. Reichert was COO of Orsu Metals Corp. (OSU.TSX) and Oriel Resources plc. Prior to his time at Oriel Resources, he worked for Bema Gold and Kinross Gold (KGC) in Russia [...]
After posting its first negative week in the last six, the gold price, at $989.38 per ounce, remains approximately $40 below its all-time high. The driver this coming week will be the movement of the U.S. dollar, which is currently oscillating as investors’ appetite for risk changes. Last week, weak housing and durable goods figures [...]
The gold price ended the week lower for the first time in six weeks, dropping 1.8% to $989.38 per ounce. After breaking decisively through the $1,000 barrier and closing above it for nine straight trading days, the gold price sold off along with broader market equities and more cyclically-based commodities. The S&P 500 fell 2.2% [...]
Kinross Gold Corp. (KGC) announced that it plans to spend $1 billion to increase production in Chile, as reported by La Tercera, a Santiago-based newspaper. Citing Julio Bimbignac, vice president of Kinross’s Chile unit, the company will invest $650 million to begin operations at its Lobo-Marte gold project and $350 million to expand its Maricunga [...]
Klondex Mines Ltd. (KDX.TSX) announced that it has terminated its previously agreed to sale to Paramount Gold and Silver Corp. (PZG), in accordance with the terms of the business combination agreement. On July 20, 2009 Paramount agreed to acquire Klondex in an all-stock deal valued at approximately C$80 million in order to expand its gold [...]
Osisko Mining Corporation (OSK.TSX) announced that it has entered into a financing arrangement with CPPIB Credit Investments Inc., a wholly owned subsidiary of the CPP Investment Board (CPPIB). Under the terms of the agreement the company can draw up to C$150 million in loans in two tranches. For the first tranche, C$75 million may be [...]
In a replay of yesterday, S&P 500 equity futures, the gold price, and most of the commodity sector sold off following the release of weaker than expected economic data. Durable goods orders fell 2.4% in August, missing analyst expectations of a 1.0% gain. The decline in orders for long-lasting durable goods represents the weakest data [...]
Centerra Gold Inc. (CG.TSX) reduced its 2009 gold production forecast due to operating issues at its Kumtor mine in the Kyrgyz Republic. The company said that it now expected production from Kumtor to be approximately 500,000 ounces of gold, compared to previously announced guidance of 560,000 to 600,000 ounces. While guidance for Centerra’s Boroo mine [...]
