Mines Management (MGN) announces first quarter results
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
Gold stocks rose Wednesday morning as the AMEX Gold Bugs Index (HUI) jumped 1.1% to 563.25. The advance in gold stocks was fueled by a rally in gold futures, which spiked above $1,430 per ounce amid ongoing economic and political concerns across North Africa, the Middle East, and Europe.
The gold price spiked higher Wednesday morning, rising $11.28 to $1,429.75 per ounce. Gold prices have been consolidating in a tight range over the past month despite hitting a new record high of $1,447.75 per ounce late last week.
Gold stocks held firm Tuesday, with the Philadelphia Gold & Silver Index (XAU) rising 1.2 points, or 0.6%, to 212.74 in early afternoon trading.
James Bullard, President of the Federal Reserve Bank of St. Louis, followed up his hawkish comments from this past weekend with more specific details on how the Fed could implement tighter monetary policy.
The gold price declined $4.50 to $1,415 per ounce Tuesday morning, sliding once again as the U.S. dollar rallied. The price of gold has now fallen 2.2% off its $1,447.75 high print posted late last week
The Market Vectors Gold Miners ETF (GDX) retreated $1.04, or 1.8%, to $58.48 per share on Monday. The weakness in the GDX, the world’s largest gold share exchange traded fund, was pressured by a $7.50 drop to $1,418.70 per ounce in gold bullion.
Gold stocks dropped Monday, with the AMEX Gold Bugs Index (HUI) falling 1.6% to 556.71 in afternoon trading. The modest drop in gold stocks came as gold futures declined $10.40 to $1,415.80 per ounce.
Claude Resources (CRJ.TSX, CGR: AMEX) announced its 2010 financial and operating results, highlighted by net earnings of $5.8 million, or $0.04 per share. This compares to a net loss of $6.3 million, or $0.06 per share, in 2009. The Canadian-based gold miner forecasted 2011 production of 54,000 to 58,000 ounces. Highlights: * Gold revenue from [...]
Canaco Resources (CAN.TSXV) announced a new gold discovery 6.25km northwest of Mogambazi – a development that may confirm the company has identified a massive gold district. Mineralization was intersected on six sections over a strike length of 240m. Shares of Canaco have been one of the best performing gold stocks, rising over 1,000% during the [...]
San Gold (SGR.TSX) released its 2010 financial results, reporting full year earnings per share of ($0.08), in-line with analyst expectations. The company continues to identify new high-grade gold zones and will focus on boosting its gold production, which was 43,498 ounces last year, in 2011. San Gold is forecasting gold production to rise nearly 100% [...]
