Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
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
Gold futures advanced Thursday amid a broad-based rally on Wall Street after euro zone officials agreed to a more robust financial rescue package to combat the European sovereign debt crisis. COMEX gold futures for December 2011 delivery settled higher by $24.20, or 1.4%, at $1,747.70 per ounce. The yellow metal recovered from a modest dip [...]
Gold shares rallied Thursday alongside the yellow metal and broader equity markets, with the AMEX Gold Bugs Index (HUI) rising 2.0% to 567.86 in afternoon trading. This marked the HUI’s highest level since September 27 and extended its weekly gain to 9.8%. Several of the world’s largest gold companies were in the news today after [...]
Gold futures turned higher in late morning trading Thursday, with the COMEX December 2011 contract rising $13.00, or 0.8%, to $1,736.50 per ounce. In overnight trading the yellow metal fell to as low as $1,707.50 per ounce, but rebounded alongside the broader markets following the enhanced financial assistance plan announced by European policymakers. Silver futures [...]
Extorre Gold Mines (XG.TSX, AMEX: XG) responded to new foreign currency transfer regulations announced by the government of Argentina, the home of its Cerro Moro, Puntudo and Don Sixto gold projects. The emerging gold Company noted that the Federal Government of Argentina announced that future export revenues derived from mining operations must be repatriated to [...]
GOLD PRICE NEWS – The gold price dipped $7.24 to $1,717.67 per ounce Thursday morning after European policymakers announced a comprehensive bailout plan that involves increasing the European Financial Stability Fund (EFSF) to €1.4 trillion and a 50% haircut on Greek sovereign debt. While the price of gold moved modestly lower, the broader equity and [...]
Goldcorp (GG), the world’s second largest precious metals company, released its third quarter earning report after the market close on Wednesday. The Canadian-based gold producer reported adjusted net earnings of $459 million, or $0.57 per share, compared to $244 million, or $0.33 per share, in the third quarter of 2010. Goldcorp’s quarterly revenue came in [...]
Gold futures climbed above $1,700 per ounce on Friday amid ongoing concerns over the European sovereign debt crisis. COMEX gold futures for December 2011 delivery – the most actively traded contract – settled higher by $23.10, or 1.4%, at $1,723.50 per ounce. In doing so, gold futures extended their weekly gain to 5.3% – putting [...]
Discussions between the European Union (EU) and bank bondholders regarding haircuts on Greek debt remained “deadlocked” ahead of tonight’s EU summit, according to Bloomberg. Highlights from the report included: The Greek deadlock darkens the summit’s prospects, since deals on recapitalizing banks and bolstering the 440 billion- euro ($608 billion) rescue fund hinge on steering debt-laden [...]
GOLD STOCKS NEWS – Gold stocks held steady late Wednesday morning as the Market Vectors Gold Miners ETF (GDX) stabilized near unchanged at $57.46 per share. Gold stocks and the GDX were initially lifted by COMEX gold futures, which climbed $24.10 to a one-month high of $1,724.50 per ounce. However, the GDX relinquished its gains [...]
Premier Gold Mines (PG.TSX) provided an update from ongoing exploration activities at the Company’s Key Lake site that forms part of the 100%-owned Trans-Canada Project. This drilling is aimed at expanding the current footprint of the Key Lake deposit trend along strike and testing the down-plunge potential of some of the higher-grade “shoots” within the core [...]
