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 futures plunged Wednesday, with the COMEX February 2012 contract settling down by $76.20, or 4.6%, at $1,586.90 per ounce. The yellow metal reached an intra-day low of $1,565.70 per ounce before paring its losses as the U.S. Dollar Index backed off its intra-day high. This marked the lowest closing level for a most-actively traded [...]
“If I were Greece or Portugal or Spain, I would say ‘bye-bye.’ I exit the EU. And the debts in EU, that’s your problem.” The above commentary is from Marc Faber, author of the widely-read Gloom Boom & Doom Report. In a recent interview with Fox Business News, Faber argued that a dissolution of the [...]
Gold and silver shares came under heavy selling pressure yet again on Wednesday as the Philadelphia Gold & Silver Index (XAU) fell as much as 4.2% to 179.93 in morning trading. In doing so, the XAU reached its lowest level since October 20th of this year and dropped to within 5.0% of 171.27 – its [...]
With gold futures tumbling to fresh multi-month lows on Wednesday, price is not the only aspect of the yellow metal that has come under significant pressure in recent weeks. Gold sentiment has declined to extremely low levels, so much so that noted market pundit Mark Hulbert wrote this morning that “gold bugs are throwing in [...]
Crocodile Gold (CRK.TSX) reported that it acknowledges the press release issued by Luxor Capital Group on December 13, 2011 announcing its intention to make a partial bid to acquire, at a cash price of C$0.56 per common share, up to 215,386,435 common shares of CRK.TSX. When combined with the common shares already owned and controlled [...]
GOLD PRICE NEWS – Weakness in the gold price continued Wednesday morning as the yellow metal fell $16.83 to $1,615.00 per ounce. Strength in the U.S. dollar, which rose 0.22 to 80.45 as measured by the U.S. Dollar Index (DXY), pressured the price of gold. The euro slid to 1.297 against the dollar, its lowest [...]
