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
Gold and silver futures advanced Friday amid weakness in the U.S. dollar, but nonetheless finished in negative territory for the week. COMEX gold futures, per the February 2012 contract, settled higher by a modest $3.40, or 0.2%, at $1,716.80 per ounce. For the week, however, the yellow metal slid 2.0% – marking its third decline [...]
A weekly survey of gold traders showed that market participants have turned noticeably more positive on the yellow metal of late. In Bloomberg’s latest weekly gold survey, 18 of 26 respondents said they expect gold prices to rise next week. This marked the highest bullish response since November 11. Two traders predicted the yellow metal [...]
Gold shares moved higher on Friday amid a modest decline in the U.S. dollar and a broad-based rally on Wall Street. The AMEX Gold Bugs Index (HUI) – comprised of many of the world’s largest gold producers – rose 0.8% to 560.46 in mid-day trading. Gold futures posted considerably smaller gains than gold equities, however, [...]
Gold could be facing a bumpy road ahead in the short-term, according to VTB Capital analyst Andrey Kryuchenkov. In comments made to Reuters, Kryuchenkov said that European policymakers “need to convince the market that the crisis can be contained.” With respect to gold, it “is trading completely against the dollar, moving in the opposite direction [...]
Alacer Gold (ASR.TSX) announced that it has received notice from Lidya Madencilik San. ve Tic. A. Ş., (Lidya Mining), a subsidiary of Çalık Holding A.Ş., that it is exercising its call right pursuant to a shareholders’ agreement to subscribe for a further 15% of the issued and outstanding shares of Anagold Madencilik Sanayi ve Ticaret [...]
GOLD PRICE NEWS – The gold price, at $1,712 per ounce, hovered near unchanged Friday. After moving as high as $1,724 per ounce early this morning, gold prices succumbed to broad-based selling pressure. European leaders announced a verbal commitment to pursue a tighter fiscal union, but as has been the case in the past, details [...]
