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
Precious metals posted strong gains Tuesday on the back of weakness in the U.S. dollar and broad-based gains in the commodities complex. COMEX gold futures, per the February 2012 contract, finished higher by $23.40, or 1.5%, at $1,631.50 per ounce – its highest settlement since December 13, 2010 – exactly four weeks ago. The yellow [...]
SILVER STOCKS NEWS – Silver stocks advanced Tuesday as the Global X Silvers Miners ETF (SIL) climbed $0.68, or 3.1%, to $22.72 per share in morning trading. The SIL – an ETF of the world’s largest silver stocks – moved higher alongside COMEX silver futures, which jumped $1.31, or 4.5%, to $30.09 per ounce. Silver [...]
GOLD STOCKS NEWS – Gold stocks climbed Tuesday as the Market Vectors Gold Miners ETF (GDX) advanced $1.12, or 2.1%, to $54.77 per share in morning trading. Strength in gold stocks and the GDX was fueled by a surge in COMEX gold futures, which rose $29.90 to $1,638.00 per ounce amid a broad-based rally on [...]
Mines Management (MGN) announced it has signed a letter of intent (LOI) with Estrella Gold Corp. for an option to acquire up to 75% of the La Estrella gold and silver project. La Estrella is located in central Peru approximately 230 kilometers southeast of Lima and contains approximately 2,500 hectares of land within the Central [...]
Alacer Gold (ASR.TSX) announced the closing of the sale of an additional 15% of the issued and outstanding shares of Anagold Madencilik Sanayi ve Ticaret A.Ş. (Anagold) pursuant to the exercise by Lidya Madencilik San. ve Tic. A.Ş. (Lidya Mining) of a call right for US$37.8 million. Highlights: * Anagold, a subsidiary of Alacer, conducts [...]
Crocodile Gold (CRK.TSX) announced that it remains in discussions with the Luxor Group regarding the potential improvement of certain terms of its offer to acquire the Canadian-based gold producer. Last month, Armant, LLC – an affiliate of investment funds managed by Luxor Capital Group, LP – launched a bid to acquire up to 215.4 million [...]
GOLD PRICE NEWS – The gold price surged higher Tuesday, climbing 1.8% to $1,639 per ounce. The price of gold broke out above its 200-day moving average and has now advanced $76, or 4.8%, thus far in 2012. Stocks and commodities rose alongside gold as investors speculated that Chinese policy makers were set to pursue [...]
