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 futures inched higher on Wednesday, with the COMEX December 2011 contract settling higher by $1.90, or 0.1%, at $1,831.70 per ounce. In doing so, COMEX gold futures posted a 12.3% gain in August, marking its best month since a 12.8% surge in November 2009. Silver rallied alongside the yellow metal today, by $0.30, or [...]
Federal Reserve Bank of Atlanta President Dennis Lockhart was the latest U.S. central banker to hint at the possibility of more quantitative easing (QE). In a speech at the Greater Lafayette Chamber of Commerce in Louisiana, Lockhart stated that “Given the weak data we’ve seen recently and considering the rising concern about chronic slow growth [...]
Precious metals rebounded from earlier losses in early afternoon trading on Wednesday, despite a modest move higher in the U.S. dollar against most major currencies. COMEX gold futures, per the December contract, bounced from an intra-day low of $1,813.60 per ounce to as high as $1,842.00. Silver rebounded from a modest loss near $41.20 to [...]
GOLD ETFS & GLD NEWS – Gold ETFs slid Wednesday, with the SPDR Gold Trust (GLD) falling $1.01 to $178.09 per share. Weakness in the GLD, the largest of the gold ETFs, came as spot gold dipped $6.19 to $1,829.42 per ounce after two better than expected U.S. economic reports. In spite of today’s modest [...]
GOLD STOCKS NEWS – Gold stocks dipped Wednesday as the Market Vectors Gold Miners ETF (GDX) fell 0.2% to $62.87 per share. The modest drop sell-off in gold stocks and the GDX was fueled by a decline in gold futures, which retreated $3.40 to $1,826.40 per ounce. The S&P/TSX Global Gold Index, Canada’s leading basket [...]
Crocodile Gold (CRK.TSX) announced that a major airborne geophysical survey consisting of more than 4,000 line kilometers over priority prospective areas in the Northern Territory of Australia has been completed on schedule. The airborne survey used Geotech’s VTEM helicopter-borne system to scan Crocodile Gold’s extensive tenements in the area. Highlights: * The recently completed survey [...]
Aurizon Mines (ARZ.TSX, AMEX: AZK) announced a new series of drill results from the ongoing infill drilling program on the Fayolle project. Fayolle is located 20 kilometers north-east of Rouyn-Noranda, Quebec and 10km north of Aurizon’s Joanna project. The targeted area is located along the Manneville Structural Zone, an extension of the Destor-Porcupine fault zone. [...]
Spanish Mountain Gold (SPA.TSXV) announced the start of a Pre-Feasibility Study (PFS) for its Spanish Mountain Gold Project in Canada. The PFS will refine the estimates of capital and operating costs that were the basis for the Preliminary Economic Assessment (PEA) completed by the Company in December 2010. Spanish Mountain currently has ongoing resource definition, [...]
GOLD PRICE NEWS – The gold price dropped $6.00 Wednesday to $1,829.50 per ounce after gaining 2.6% during yesterday’s session. While the price of gold has been mired in a trading range over the past two weeks, the broader stock and commodity markets have regained their footing. Stocks are on pace to advance for the [...]
