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 finished in positive territory on Tuesday, but finished well off their highs as the U.S. dollar rebounded against a basket of foreign currencies. COMEX gold for April delivery climbed to an intra-day high of $1,750.60 per ounce this morning, but later tumbled to as low as $1,727 as the U.S. Dollar Index rose [...]
The Federal Reserve “really wants to trash the dollar,” according to Jim Rickards, author of acclaimed book Currency Wars: The Making of the Next Global Crisis. In an interview with King World News, Rickards discussed his outlook for gold and the greenback in light of last week’s Fed meeting. ”Contrary to what a lot of [...]
“Following the releases of 2012 and 2013 guidance from a number of producers, clear that operating costs, sustaining capital, and capex are all increasing further, and we estimate that sustaining capital costs have now reached well in excess of $200/oz.” The above commentary is from a recent research report by CIBC analyst Barry Cooper, who [...]
Extorre Gold Mines (XG.TSX, AMEX: XG) announced a C$50 million bought deal financing, the net proceeds of which will be used for exploration and development of the Company’s mineral projects in Argentina and for general working capital purposes. Last month the emerging gold company reported the filing of an updated National Instrument 43-101 compliant mineral [...]
GOLD PRICE NEWS – The gold price resumed its climb in 2012 Tuesday morning, advancing $15.00 to $1,744 per ounce. Gold prices are hovering at seven-week highs and have now appreciated 12% in January and are off to their best start since 1980. TD Securities analyst team highlighted the strong demand for gold bullion exchange-traded [...]
Gold futures bounced back from earlier losses on Monday amid a broad-based rebound in financial markets. This morning, the COMEX gold for April delivery – now the most-actively traded contract – reached an intra-day low of $1,718.80 per ounce as strength in the U.S. dollar pressured the yellow metal. However, this afternoon gold futures bounch [...]
Gold shares traded modestly lower in mid-day trading on Monday, as the Market Vectors Gold Miners ETF (GDX) slid $0.65, or 1.1%, to $56.49 per share. However, despite today’s sell-off the GDX remains higher by 9.8% in January and is on pace for its best month since a 10.4% climb in August 2011. In light [...]
Gold’s strong performance in January has illustrated that the yellow metal has “come roaring back from its latest temporary correction, sending the bears into full withdrawal,” according to Robert Lenzer. The former National Editor and Senior Editor at Forbes Magazine, Lezner discussed the catalysts for gold’s rebound in a recent article on Forbes.com. “Gold, you [...]
GOLD PRICE NEWS – The gold price declined Monday morning, falling alongside stocks and commodities amid speculation that Greece was headed toward default. The price of gold dipped $6.00 to $1,732 per ounce as negotiations between Greece and private bondholders failed to yield an agreement. A second rescue package of €130 billion depends is dependent [...]
Gold futures continued to move higher on Friday, fueled by broad-based strength in precious metals and weakness in the U.S. dollar. COMEX gold for February delivery settled higher by $5.50, or 0.3%, at $1,732.20 per ounce. With its advance, the yellow metal extended its weekly and year-to-date gains to 4.1% and 10.6%, respectively. Furthermore, gold [...]
