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 NEWS – Gold stocks advanced Thursday as the Market Vectors Gold Miners ETF (GDX) closed higher by $0.22, or 0.4%, at $54.59 per share. The modest rise in gold stocks and the GDX came despite weakness in gold bullion, which fell $12.89, or 0.9%, to $1,499.43 per ounce. Gold stocks in Canada fared [...]
Klondex Mines (KDX.TSX) announced that it and the K2 Principal Fund L.P. have entered into a Settlement Agreement that terminates their proxy dispute on mutually agreeable terms. The settlement is expected to be implemented at today’s Annual General Shareholders Meeting. Both Klondex and K2 believe this settlement is in the best interests of all shareholders [...]
Gold futures slid back toward $1,500 per ounce on Thursday amid a relatively quiet day for commodities and currencies. COMEX gold futures, per the August contract, settled lower by $7.60, or 0.5%, at $1,502.80 per ounce. Silver futures, per the September contract, closed higher by $0.06, or 0.2%, at $34.83 per ounce. The mixed action [...]
Gold and silver shares held near unchanged Thursday morning, as the Philadelphia Gold & Silver Index (XAU) inched lower by 0.1% to 199.31. One gold company in the news today was Agnico-Eagle Mines (AEM), whose price target was lowered by CIBC to $80 from $86 per share. The firm cited higher than expected cash costs [...]
With the Federal Reserve’s second round of quantitative easing, QE2, scheduled to end today, the debate has intensified over further measures the Fed could take to stimulate the U.S. economy. In a note to clients, Bank of America-Merrill Lynch economist Ethan Harris wrote that while he believes QE3 is a “long shot,” he acknowledged that [...]
Spanish Mountain Gold (SPA.TSXV) announced a C$15 million private placement offering comprised of up to 25 million units at C$0.60. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to acquire an additional common share of the Company at a price of C$0.70 per share [...]
GOLD PRICE NEWS – The gold price held steady at $1,510.42 per ounce Thursday morning after news that jobless claims in the U.S. rose yet again in the most recent week. The price of gold stabilized as data showed that applications for unemployment benefits rose to 428,000, an indication that the jobs market continues to [...]
In what has been a mediocre first half for gold mining stocks,TD Newcrest highlighted one gold company that has risen thus far in 2011 and why it should continue to perform well: “This week our Gold and Precious Metal outlook focuses on FNV. Franco-Nevada’s shares have gained 11% year-to-date, well outperforming the 6% advance in [...]
