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
A new financial crisis is looming for the global economy, according to Mark Mobius, who oversees more than $50 billion as executive chairman of Templeton Asset Management’s emerging markets group. “There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” [...]
Gold futures hovered near unchanged for most of Tuesday’s session, with the COMEX August contract settling lower by $0.50 at $1,536.80 per ounce. The yellow metal traded in a narrow range, between $1,533.10 and $1,541.90, but was unable to rally in spite of U.S. dollar weakness and disappointing U.S. economic data. The U.S. Dollar Index [...]
The proportion of individuals in the Middle East investing in gold appears to be increasing substantially, according to Goldman Sachs’ Jim O’Neill. O’Neill – Chairman of Goldman Sachs Asset Management and the creator of the “BRIC” acronym – wrote in a recent note to clients that during his visit to Dubai and Abu Dhabi, the [...]
Ron Paul accused the Federal Reserve of “destroying the purchasing power of the dollar” in his latest discussion on economics and U.S. monetary policy. In an interview with CNBC this morning, Congressman Paul – who recently announced his candidacy for President in the 2012 election – reiterated his support for a sound monetary system that [...]
Gold stocks held steady Tuesday morning as the Market Vectors Gold Miners ETF (GDX) traded near unchanged at $57.92 per share. Stability in gold stocks and the GDX came as gold bullion hugged the flatline near $1,538 per ounce. Canada’s leading gold stocks composite, the S&P/TSX Global Gold Index, traded near unchanged alongside the GDX.
Alacer Gold (ASR.TSX) announced ongoing results from the 2011 exploration program at its Çöpler Gold Project, located in the eastern part of central Turkey. The company reported that new drilling has identified significant thick high grade sulfide mineralization from outside the recently released resource upgrade. Results included 117m at 2.0 grams per tonne (g/t) gold, [...]
Extorre Gold Mines (XG.TSX, AMEX: XG) announced that drilling on the Zoe discovery at its flagship Cerro Moro property in Santa Cruz Province, Argentina continues to return high grade gold-silver results. A total of 34 diamond drill holes now define the Zoe structure over a strike length of approximately 1.5 kilometers. Earlier this month, Extorre [...]
The gold price, at $1,536 per ounce, traded near unchanged Tuesday morning while equity prices soared across the globe. Optimism that a Greek default would be avoided sent the euro higher and helped bolster riskier assets, such as stocks and cyclical commodities. Gold prices showed a muted reaction to news over the weekend that Greece would be granted a new finance package before the end of June according to euro finance minister, Jean-Claude Juncker.
The euro rose to three-week highs against the U.S. dollar overnight following news over the weekend that European Union leaders were prepared to propose a new aid package to Greece by the end of June. Prime Minister George Papandreou reiterated his commitment to austerity measures, giving confidence to other European nations – as well as [...]
Crocodile Gold (CRK.TSX) announced the signing of an agreement with Fortuna Silver Mines Inc. (FVI.TSX) granting Fortuna the exclusive right and option to acquire a 100% interest in the Mario Property of Crocodile Gold, located in the Department of Junin in central Peru.The Option Agreement grants to Fortuna the exclusive right and option to acquire [...]
