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 stabilized Thursday following three consecutive days of sharp declines. Although the COMEX February 2012 contract settled lower by $9.70, or 0.6%, at $1,577.20 per ounce, the yellow metal oscillated between positive and negative territory throughout the day. Furthermore, the spot price of gold remained higher this afternoon, due to the fact that yesterday’s [...]
Following gold’s sell-off earlier this week, NYU economics professor Nouriel Roubini wrote on his Twitter account “Gold at a 7 weeks low down to 1635. Where is 2000 gold dear gold bugs?” Roubini’s comment stems from a prediction he made on October 22, 2009 that the price of gold would not reach $2,000 per ounce. [...]
GOLD STOCKS NEWS – Gold stocks dipped Thursday morning as the Market Vectors Gold Miners ETF (GDX) fell $0.38, or 0.6%, to $52.00 per share. The modest weakness in gold stocks and the GDX came despite stability in the price of gold, which hovered near $1,575 per ounce. Gold stocks in Canada retreated more than [...]
Crocodile Gold (CRK.TSX) announced two key milestones at its Cosmo Underground Mine in the Northern Territory of Australia. The Company reported that the excavation of the primary ventilation shaft has been completed, and that a mine planning study on the wider, higher grade zone identified by recent delineation drilling has been completed which will lead [...]
Colossus Minerals (CSI.TSX) announced additional assay results from the 25,000 meter (m) surface drilling program at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture located in the State of Para, Brazil. Highlights: * Hole SPD-120 intersected several high-grade subzones within a continuously mineralized intercept of 74.35m grading [...]
GOLD PRICE NEWS – The gold price rose $13.40, or 0.9%, to $1,585.68 per ounce Thursday morning as financial markets bounced back from yesterday’s broad-based sell-off. The price of gold rebounded modestly as the euro currency snapped a three-day losing skid against the U.S. dollar. Equity markets in the U.S. were set to open considerably [...]
