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, up $1.55 to $1,040.55, pushed higher heading into the open following yesterday’s 1.5% decline in the price of gold and 3.1% in the gold mining stocks, as measured by the Market Vectors Gold Mining ETF (GDX). Traders and investors shed both gold and silver positions, as well as commodities and equities, on [...]
Multi-million ounce gold producer, Kinross Gold (KGC), announced after today’s market close that it is reducing its 2009 gold production forecast due to lower production at its Paracatu gold mine, located in Paracatu, Minas Gerais State, Brazil. The company’s new full year 2009 guidance consists of 2.2 million gold equivalent ounces at an average cost [...]
The gold price experienced its worst day in over two months as the price of gold declined $16.85 per ounce to $1,038.91 amidst a strong rally in the U.S. Dollar. The gold mining stocks, off 4.3% as measured by the Market Vectors Gold Mining ETF (GDX), followed the gold price lower. This marks the fifth [...]
Fortuna Silver Mines (FVI.TSXV) released an updated NI 43-101 compliant minerals resource estimate for its San Jose project located in southern Mexico. The highlight of the report was that indicated resources increased 83% to 2.69 million tonnes with contained silver-equivalent ounces increasing 112% to 37.6 million. Within the indicated resource category, silver grades increased by [...]
The gold price and gold mining stocks, which offer leverage to the gold price, continue to appreciate in value as Chairman Bernanke and the U.S. Federal Reserve refuse to succumb to the pressure to signal a change in monetary policy. Thus far in 2009, the gold price has gained 17.3% and the gold stocks, as [...]
The gold price is up 42% since last December and the price of gold up $171 an ounce in 2009, on the heels of the Federal Reserve’s unprecedented action to cut the federal funds rate to zero. In the wake of last fall’s massive asset sell-off and fears of spiraling global deflation, the Fed sought [...]
Shares of Claude Resources jumped 15.9% on the news that Robert Buchan, the former Chairman and CEO of Kinross Gold Corp. (KGC), has entered into a private placement financing with Claude and will join the company’s Board of Directors once the transaction has closed. Under the terms of the financing, Mr. Buchan and/or a charitable [...]
While headlines have been abundant citing the all-time highs recorded by the gold price, on an inflation-adjusted basis, gold is well below its 1980 high. While the gold price, up $7.63 to $1,066.77, is only $4.00 off its nominal record, in today’s dollars the high made in 1980 would equate to roughly $2,300 per ounce. [...]
With the U.S. dollar unable to mount a rally, the gold price, as well as the broader equity and commodity markets, moved higher over the course of the day. Closing at $1,059.14 per ounce, the gold price is now a mere 1.1% off its all-time high. Gold mining stocks finished lower as the Market Vectors [...]
The gold price continues to struggle to break through its all-time high of $1,071 per ounce, recorded on October 14. Declining $3.54 to $1054.40 as the opening bell approached, investors weighed the prospect of a tighter fiscal and monetary policy and what the implications would be for the gold price and the rest of the [...]
