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  • PG Premier Gold Mines (PG) expands management team
  • FVInew_290 Fortuna Silver Mines (FVI) expands presence in Mexico
  • AZK Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
  • CGR Claude Resources (CGR) expands gold resources and grade at Santoy Gap
  • MGN Mines Management (MGN) reports “significant progress” in third quarter
  • crocodile_290x250 Crocodile Gold (CRK) reports 35% production growth
Archive for: December 21st, 2011

Gold Futures Relinquish Gains as U.S. Dollar Rebounds

Says Barrick CEO

Gold futures settled modestly lower Wednesday as the U.S. dollar bounced back from yesterday’s slide. COMEX gold for February 2012 delivery – the most actively-traded contract – ended with a loss of $4.00, or 0.3%, at $1,613.60 per ounce. The yellow metal had climbed to as high as $1,643.70 in overnight trading, but relinquished its [...]

Dec 21 2011 | Read More »

Claude Resources Hits High-Grade Gold at Madsen

at Santoy Gap

Claude Resources (CRJ.TSX, AMEX: CGR) announced an interim update from on-going exploration activities at its 100%-owned Madsen Project in Red Lake, Ontario.  The Canadian-based gold producer reported that drilling has successfully extended the 8 Zone plunge to approximately 250 meters (m) down plunge of previous drilling as well as discovered significant depth extensions to the [...]

Dec 21 2011 | Read More »

Gold, Silver Shares Dip as Precious Metals Slide

XAU Drops 1.9%

Gold and silver shares traded slightly lower late Wednesday morning, as the Philadelphia Gold & Silver Index (XAU) dipped 0.4% to 184.62.  The losses were fueled by a modest sell-off in precious metals, as COMEX gold futures fell $4.70 to $1,612.90 per ounce and silver futures slid $0.17 to $29.37 per ounce. Precious metals turned [...]

Dec 21 2011 | Read More »

Morgan Stanley Forecasts $2,200 Gold Price

China lowers reserve requirements

GOLD PRICE NEWS – The gold price traded near unchanged Wednesday morning, oscillating around the $1,615 per ounce level.  Gold prices surged as high as $1,641 per ounce overnight before backing off heading into the opening bell on Wall Street.  News that the European Central Bank awarded $645 billion in three year loans, the highest [...]

Dec 21 2011 | Read More »
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