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
GOLD PRICE NEWS - The gold price set a series of new 2010 highs, trading as high as $1,181.50 before settling Friday up $12.00 at $1,178.50 per ounce. For the month of April, the price of gold rose 5.9% on the back of sovereign debt concerns in Europe. The surging gold price sent the shares [...]
GOLD STOCKS NEWS - Gold stocks resisted the sell-off that hit the major market indices, as the gold mining sector rallied on the back of a strong gold price, finishing on the upside to close out the week. Among the major gold stocks: Agnico-Eagle Mines (AEM) fell in the last hour of trading, closing down [...]
GOLD PRICE NEWS - The gold price, which hit a new 2010 high today of $1,182.50 per ounce, received further long-term structural support following President Obama’s announcement on his choices for three new Federal Reserve Governors - all likely to be confirmed by the Senate. Gold prices have surged on the back of a Federal [...]
GOLD PRICE NEWS - The gold price broke out to new 2010 highs Friday morning, breaking above$1,175 per ounce and trading within 4% of the price of gold’s all-time record high of $1,226.50. The euro rose against the U.S. dollar on speculation that the joint European Union-International Monetary Fund rescue package for debt-plagued Greece is [...]
Fortuna Silver Mines’ consistent growth profile was illustrated by the company’s latest earnings report, which included record quarterly net income. You need adobe flash SILVER PRICE NEWS - The silver price has seen a few volatile days in April, but overall the metal has traded in a dollar-wide band for the past month. This trading [...]
GOLD PRICE NEWS - The gold price closed roughly unchanged near $1,167 on Thursday as the price of gold remained in standby mode ahead of an expected announcement this weekend on the Greek bailout. After reaching a new 2010 high this past Tuesday, the gold price has held the majority of its gains from earlier [...]
Thursday’s movers in the gold and silver sector included: Goldcorp (GG) rose 0.5% to $42.94 despite reporting earnings of $0.22 per share - $0.03 below consensus estimates. The gold miner did reaffirm its 2010 gold production and cash cost forecast, however. Goldcorp’s 52-week range is $27.20 - $46.24. Barrick Gold (ABX) rallied 1.6% to $42.86 [...]
GOLD STOCKS NEWS - Gold stocks rallied Thursday morning as the Market Vectors Gold Miners ETF (GDX) rose 1.2% to $50.29 per share. With today’s strength in gold stocks, the GDX reached its highest level since January 11 and is now higher by 8.4% in April and 8.8% year-to-date. Despite the GDX’s gains, gold itself [...]
GOLD PRICE NEWS - The gold price traded down marginally Thursday morning at $1,164.50 per ounce, unable to rise on the back of a weaker U.S. dollar. The correlation of the price of gold to the U.S. dollar/euro cross has recently broken down as upward moves in the gold price have been driven by sovereign [...]
GOLD STOCKS NEWS - Goldcorp (GG) announced their first quarter earnings, posting adjusted earnings of $0.22 per share versus consensus estimates of $0.25 per share. The second largest gold miner in the world reported gold production of 625,000 ounces at cash costs of $325 per ounce. Chuck Jeannes, Goldcorp President and Chief Executive Officer commented [...]
