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 futures, per the COMEX June contract, rallied $15.00, or 1.1%, to $1,439.90 per ounce on Thursday to cap off its tenth consecutive quarterly advance. Moreover, gold futures settled at a new all-time high on a closing basis. On an intra-day basis, however, the yellow metal did not surpass its record high of $1,448.60 per [...]
Contrary to claims made by the Federal Reserve, financial markets did not crash and the world did not come to an end when it was forced to reveal records of loans made during the financial crisis of 2008. On Thursday the Fed released records of financial institutions that borrowed directly from the central bank’s discount [...]
GOLD STOCKS NEWS – Gold stocks climbed Thursday, with the Philadelphia Gold & Silver Index (XAU) advancing 1.0% to 217.36 in late morning trading. Gold stocks were boosted by a spike in gold bullion, which jumped $14.30 to $1,437.21 per ounce. With today’s rally in gold stocks, the XAU returned to positive territory in March, [...]
The sovereign debt crisis in Portugal continued to escalate Thursday after the latest reading on the nation’s budget deficit came in above the government’s target. The National Statistics Institute reported that Portugal’s budget deficit in 2010 was 8.6% of GDP, well north of the 7.3% the government was expecting would help alleviate concerns. Furthermore, it [...]
The gold price advanced through $1,430 per ounce, gaining $8.30 to $1,431.20 per ounce Thursday morning. Despite closing lower for four of the past five trading sessions, the gold price is within 1.2% of its $1,447.75 record high.
COMEX gold futures, per the June contract, settled higher by $7.40, or 0.5%, at $1,424.90 per ounce on Wednesday. In doing so, the June futures contract snapped a four-session losing skid and returned to positive territory year-to-date. Gold futures rallied to an intra-day high of $1,431.70 near 9:00am EST, but subsequently tumbled to $1,413.10 amid [...]
Silver production, along with that of zinc and lead, at the San Cristobal Mine in Bolivia has been “totally paralyzed” due to a week-long strike, according to a union leader via a Reuters report. San Cristobal is the world’s third largest silver mine and sixth largest zinc mine, according to Japan’s Sumitomo Corp., which owns San [...]
For the first time since 1971, gold and silver are once again considered legal tender in at least one part of the United States. The state of Utah passed the “Utah Legal Tender Act,” which “recognizes gold and silver coins that are issued by the federal government as legal tender in the state and exempts [...]
GFMS, one of the world’s foremost metals consultancy firms, reiterated its bullish outlook on gold bullion due to a myriad of economic and political factors. At Paydirt’s Gold Conference in Perth, Australia on Wednesday, GFMS World Gold managing director Paul Burton stated that ”We’re probably going to see the $1,500 per ounce mark broken and certainly [...]
Premier Gold Mines (PG.TSX) reported that the company has intersected high-grade gold mineralization at its 100% owned Saddle Project. Due to the initial results and an anticipated approval of a “Plan of Operation” permit in mid-April to accelerate drilling productivity, the Canadian-based gold company is bringing in additional drill rigs. The first hole, SA003, returned [...]
