Premier Gold Mines (PG) strikes again at Rahill-Bonanza
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
Gold futures declined Monday as a rally in the U.S dollar pressured commodities and the broader financial markets. COMEX gold for December 2011 delivery – the most actively-traded contract – fell $22.00, or 1.3%, to finish at $1,725.20 per ounce. With the loss, the yellow metal finished the month of October with a 6.3% gain. [...]
Gold sentiment has begun to climb over the past week from a “very bearish extreme,” according to Macquarie Equities Research analyst Stephen Harris. In a note to clients on Monday, Harris higlighted the Ned Davis Research (NDR) Daily Gold Sentiment Composite, which fell to 7.1 on October 14 – its lowest level since at least [...]
Gold shares opened the week lower on Monday as a sell-off in COMEX gold futures combined with negative commentary on several of the world’s largest gold miners to pressure the sector. The AMEX Gold Bugs Index (HUI) fell1.6% to 573.17 in morning trading. COMEX gold futures slid $22.00, or 1.3%, to $1,725.20 per ounce amid [...]
Premier Gold Mines (PG.TSX) reported the completion of a previously announced bought deal public offering for aggregate net proceeds of approximately C$31.65 million. The offering was comprised of 2 million common shares at C$5.50 per share and 3.45 million flow-through common shares at C$6.50 per Flow-Through Share. The transaction was completed through a syndicate of [...]
GOLD PRICE NEWS – The gold price declined Monday morning as global financial markets shifted from “risk on” to “risk off.” The price of gold fell $21.80 to $1,722 per ounce, sinking alongside both stocks and commodities. S&P 500 stock futures fell 15.70 to 1265.20 while oil and copper fell 1.5% and 3.2%, respectively. Gold’s [...]
