Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
George Soros, who famously called gold “the ultimate bubble” several years ago, evidently feels the yellow metal has yet to reach bubble territory. The legendary investor – famous for founding the Quantum Fund in the 1970s and for shorting the British pound in the early 1990s – invested $40 million in the $2.8 billion IPO [...]
Gold and silver futures turned sharply lower Monday afternoon as the U.S. dollar rebounded against the euro currency. COMEX gold futures tumbled as much as $30.20, or 1.7%, to $1,721.10 per ounce while silver dropped from over $33.00 to as low as $32.025 per ounce. The dollar bounced back against the euro after the Financial [...]
GOLD STOCKS NEWS – Gold stocks climbed Monday as the Market Vectors Gold Miners ETF (GDX) rose $1.08, or 1.9%, to $59.33 per share. This morning’s strength in gold stocks and the GDX was driven by a broad-based rally in U.S. equity markets, as the S&P 500 Index added 1.7% to 1,265.62. Gold stocks and [...]
Canaco Resources (CAN.TSXV) announced new assay results from diamond drilling at the Magambazi gold discovery in Tanzania, Africa. The emerging gold Company reported that drilling continues to infill and extend identified mineralized zones. Canaco also noted that it has identified a potential new zone of mineralization in the upper gneiss at the north end of [...]
Colossus Minerals (CSI.TSX) provided an update on the development activities at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Para, Brazil. The Company reported that approximately 675 meters of decline development has been completed, the first underground drill bay has been commissioned and underground drilling [...]
GOLD PRICE NEWS – The gold price retreated Monday, sliding $8.65 to $1,733.95 per ounce. Gold prices sank while stocks and commodities posted strong gains. S&P 500 stock futures climbed 17.00 to 1,260.50 while crude oil, copper, and soybeans all moved to the upside. Optimism that Italian Prime Minister Mario Monti’s proposed budget cuts will [...]
