Spanish Mountain Gold (SPA) launches Feasibility Study
Klondex Mines (KDX) reports “very encouraging” results at Fire Creek
Canaco Resources’ (CAN) gold discovery keeps growing
Claude Resources (CGR) expands gold mineralization at Santoy Gap
Crocodile Gold (CRK) reports completion of Luxor Group bid
Premier Gold Mines (PG) expands presence in Red Lake District
The gold price fell $11.23, or 1.4%, to $1,081.97 in January as continued strength in the U.S. dollar versus the euro pressured the price of gold. Following its $1,226.50 high posted in early December, the gold price has declined 11.8%. The combination of weaker gold prices and softer global stock markets has weighed on the [...]
The gold price stabilized while concerns over sovereign debt have intensified, fueling a U.S. dollar rally and pressuring the price of gold, the shares of gold mining producers, and stock markets across the globe. The uncertainty over Greece’s ability to fund its growing deficit led to speculation that a bailout by the European Union was [...]
The gold price has been the subject of much debate in Davos as gold price bulls and gold price bears sparred over its next move. Given the outperformance of the gold price relative to most assets over the past decade, the gold sector has increased in popularity as an investment class. Several gold mining executives [...]
The gold price closed lower by $9.65 to $1,088.10 per ounce as the U.S. dollar rallied and the price of gold declined on speculation that the Federal Reserve is close to beginning the process of normalizing monetary policy. Despite the pledge from the Federal Open Market Committee (FOMC) that interest rates will remain near zero [...]
The gold price closed lower by $9.65 to $1,088.10 per ounce as the U.S. dollar rallied and the price of gold declined on speculation that the Federal Reserve is close to beginning the process of normalizing monetary policy. Despite the pledge from the Federal Open Market Committee (FOMC) that interest rates will remain near zero [...]
Fed Keeps Rates Near Zero – “Extended Period” Language Remains
The gold price bounced back above $1,100 per ounce this morning after sliding $7.90 in overnight trading. Gold mining stocks have been weaker on a softer gold price and tumbling equity markets. As measured by the Market Vectors Gold Mining ETF (GDX), gold stocks are off 14% in the past 10 trading sessions. Global equity [...]
While gold stocks posted stellar returns in 2009, Canadian-based gold mining company Claude Resources (CGR) rallied 268% as investors sought exposure to the gold price as well as to a gold stock that traded at a depressed valuation relative to its peers. Gold stocks, as measured by the Market Vectors Gold Mining ETF (GDX) appreciated [...]
The gold price slid $10.40 to $1,087.31 as U.S. dollar strength weighed on the price of gold. A stronger dollar - often favored during times of deflation - was fueled by uncertainty over the sustainability of the global economic recovery following weaker than expected GDP figures out of the United Kingdom and a downgrade warning [...]
Gold mining producer San Gold (SGR.TSXV) announced that underground exploration drilling has encountered multiple new high-grade gold zones above the eastern end of the 26th level at its Rice Lake Gold Project in SE Manitoba, Canada. The Canadian-based gold mining company reported that new drill hole assay information has been received for the high grade [...]
