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 held onto their gains Wednesday afternoon despite encouraging economic news from the Federal Reserve’s latest Beige Book. COMEX gold for February delivery settled higher by $8.10, or 0.5%, at $1,639.60 per ounce, and the yellow metal later climbed to $1,642.00 in electronic trading. The Beige Book, which is made up economic reports from [...]
Gold and silver shares bounced back from earlier losses on Wednesday as precious metals remained in positive territory. The Philadelphia Gold & Silver Index (XAU) initially fell as much as 1.0% to 189.78, but turned higher by 0.5% to 192.72 in afternoon trading. COMEX gold futures rose $8.20, or 0.5%, to $1,639.70 per ounce while [...]
Fed Chairman Ben Bernanke is receiving reinforcements in the form of new dovish members of the Federal Open Market Committee (FOMC) this year. And based on recent comments from the new central bankers, gold is likely to one of many beneficiaries of their monetary policies. John Williams – President of the Federal Reserve Bank of [...]
Aurizon Mines (ARZ.TSX, AMEX: AZK) announced record annual gold production of 163,845 ounces in 2011 from its 100% owned Casa Berardi mine in Canada. The Company noted that total cash costs are expected to be below guidance of $535 per ounce. Aurizon also provided details on its capital and exploration budgets for 2012, which included [...]
GOLD PRICE NEWS – The gold price continued to rebound Wednesday morning as the yellow metal climbed $7.00 to $1,639 per ounce. Gold prices advanced despite strength in the U.S. dollar, which gained against both the pound and the euro. Technical analysts are focused on whether the price of gold will hold above its 20-day [...]
