Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
Gold reached a new all-time high of $1,435.60 per ounce as of 4:10pm EST on Tuesday, fueled by widespread gains in precious metals. During open outcry trading at the COMEX, gold futures were unable to surpass the old record of $1,432.50 from December 7, 2010. However, the yellow metal subsequently eclipsed the previous record level [...]
SILVER PRICE NEWS – The silver price climbed Tuesday to yet another new 31-year high, this time at $34.57 per ounce. Silver futures, per the COMEX March contract, settled higher by $0.61, or 1.8%, at $34.43. With today’s rise, the silver price extended its year-to-date gain to 11.7%, and is once again at its highest [...]
Gold futures, per the COMEX April contract, surged $21.30 to finish at $1,431.20 per ounce on Tuesday. The yellow metal reached an intra-day high of $1,431.60 before closing fractionally below this level. In doing so, gold futures settled at a new all-time high on a closing basis but failed to surpass the record intra-day high [...]
Fresnillo plc, the world’s largest primary silver producer, reported pretax profit for the full-year 2010 of $1.02 billion, a 123.5% rise over $457.42 million generated in 2009. Fresnillo also issued a production forecast of 44 million silver ounces in 2011. Gold production is expected to rise 5-6% to approximately 390,000 ounces. The silver miner, which [...]
Fed Chairman Ben Bernanke delivered his semiannual monetary policy report to Congress, also known as Humphrey Hawkins, this morning. In addition to providing a recap of the Fed’s policies in recent years, Bernanke discussed recent developments related to the turmoil in North Africa and the Middle East. In particular, he addressed the growing concern that [...]
Silver and gold maintained their gains following a mixed bag of U.S. economic data on Tuesday morning. The Institute for Supply Management (ISM) Index for February came in at 61.4, above the 60.5 consensus estimate among economists and the highest level since May 2004. Construction spending in January fell 0.7%, slightly below the 0.6% decline [...]
GOLD STOCKS NEWS – Gold stocks rose Tuesday, with the Market Vectors Gold Mines ETF (GDX) advancing $0.57 to $60.40 per share. The gains in gold stocks and the GDX were fueled by a $9.16 rally to $1,420.28 in gold bullion. Canada’s leading gold stocks composite, the S&P/TSX Global Gold Index, climbed 1.1% alongside the [...]
GOLD PRICE NEWS – The gold price climbed $8.19 to $1,419.31 Tuesday as the price of gold set its sights on a new all-time high. After yesterday’s modest $2.80 rise, the gold price continued to march higher as political and economic turmoil in Africa and the Middle East boosted the price of gold. With today’s [...]
U.S. equity market futures advanced 3.6 points to 1,329.70 Tuesday morning ahead of testimony from Ben Bernanke on the Federal Reserve’s semiannual monetary policy report to Congress. Gold futures climbed $11.30 to $1,421.20 per ounce, within 0.8% of the yellow metal’s all-time record high. Oil rose $0.64 to $97.61 per barrel despite reports that some Libyan [...]
