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
COMEX gold futures, per the August contract, climbed $10.20, or 0.7%, to $1,510.40 per ounce on Wednesday amid a widespread rally in commodities. In doing so, gold posted its largest single-day gain in five weeks – since a 0.6% rise on May 27. The entire commodities complex advanced as the U.S. dollar weakened following Greece’s [...]
The Greek debt rollover plan proposed by French banks earlier this week will not trigger a default from rating agencies, according to sources close to European lenders. “Politicians and bankers are confident a French proposal for a Greek bailout can be adopted without triggering a default or a payout in credit insurance,” according to Reuters, [...]
Gold and silver shares surged higher on Wednesday, as the Philadelphia Gold & Silver Index rallied 1.9% to 199.12 in morning trading. Gold and silver equities continued their recent stretch of outperforming precious metals, as gold bullion rose just 0.2% to $1,503.81 and silver advanced 0.5% to $34.11 per ounce. Among gold producers, Agnico-Eagle Mines [...]
GOLD PRICE NEWS – The gold price advanced Wednesday morning, rising $7.70 at $1,509 per ounce after the Greek Parliament’s passed sweeping austerity measures. The price of gold held its gains after politicians in Greece passed a $112 billion austerity package that paves the way for the next round of bailout funds from the European [...]
Sunridge Gold (SGC.TSXV) announced the start of a new phase of exploration on its 100% owned Asmara Project in Eritrea, Africa. The Canadian-based gold company reported that exploration ground of the Asmara Project covers 600 square kilometers which is a volcanogenic-massive-sulphide (VMS) district with three copper/zinc/gold/silver VMS deposits and one structurally controlled gold deposit already [...]
Gold moved higher Wednesday morning as the yellow metal rose $6.50 to $1,508 per ounce. Silver followed gold to the upside, climbing $0.39 to $34.33 per ounce. The U.S. dollar traded weaker versus the euro and the pound ahead of a crucial austerity vote in Greece – scheduled to take place later today. The Greek [...]
Gold futures held near $1,500 per ounce on Tuesday ahead of tomorrow’s Greek vote on the nation’s new austerity proposals. COMEX gold futures, per the August contract, settled higher by $3.80, or 0.3%, at $1,500.20 per ounce after trading in a narrow range between $1,495 and $1,505 for most of the day. The modest rise [...]
SILVER STOCKS NEWS – Silver stocks rallied on Tuesday as the Global X Silver Miners ETF (SIL) jumped $0.51, or 2.3%, to $22.97 per share. The advance in silver stocks and the SIL was accompanied by a rebound in silver bullion, which rose 0.5% to $33.77 per ounce. Weakness in the U.S. Dollar Index helped [...]
Mines Management (MGN) announced the results of the Company’s Annual Meeting of Shareholders held earlier this month in Spokane, Washington. At the Annual Meeting, the Company’s shareholders re-elected Glenn M. Dobbs and Roy G. Franklin as Class II directors, with terms expiring at the 2014 Annual Meeting. Additionally, Mines Management shareholders approved the appointment of [...]
Gold and silver shares climbed alongside precious metals on Tuesday, with the Philadelphia Gold & Silver Index (XAU) rising 1.1% to 194.12 in late morning trading. The XAU opened with a fractional advance, but extended its rally as gold bullion jumped above $1,500 per ounce and silver rebounded toward $34 per ounce. Among gold producers, [...]
