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 rebounded alongside the broader financial markets on Wednesday as the U.S. dollar remained lower in afternoon trading. The greenback slid by 0.7% against a basket of foreign currencies, while the euro advanced 0.9% to 1.2855 against the dollar. COMEX gold futures, per the February contract, fell to an intra-day low of $1,641.10 per [...]
“We continue to hold gold and gold mining equities, reflecting our concerns that global fiscal and monetary policies continue to tempt fate.” The above comment comes from the 2011 year-end investor letter of Greenlight Capital, the investment firm run by hedge fund magnate David Einhorn. As one of the more prominent gold bulls of late, [...]
GOLD STOCKS NEWS – Gold stocks held firm Wednesday as the Market Vectors Gold Miners ETF (GDX) rose 0.4% to $53.37 per share in morning trading. The modest advance in gold stocks and the GDX was fueled by strength in the broader equity markets, as the S&P 500 Index climbed 0.7% to 1,302.14. Gold stocks [...]
Colossus Minerals (CSI.TSX) announced the details of its 2012 exploration program. The Company’s board of directors approved a budget of $10.1 million for surface exploration and $1.7 million for underground exploration. Surface drilling in the coming year will continue to concentrate on both the CMZ and the GT Zone. Drilling will focus largely on both [...]
Claude Resources (CRJ.TSX, AMEX: CGR) reported that the shareholders of St. Eugene Mining Corporation Limited (SEM.TSXV) have approved the previously-announced acquisition by Claude of all of the issued and outstanding shares of St. Eugene that it does not already own pursuant to a court-approved plan of arrangement. The closing of the Arrangement is conditional on [...]
GOLD PRICE NEWS – The gold price traded slightly lower Wednesday, off $3.70 at $1,648 per ounce. Gold prices declined in spite of weakness in the U.S. dollar, which fell against most of its foreign counterparts. The U.S. Dollar Index (DXY) slid 0.28 to 80.83. The euro rallied against the dollar following news that the [...]
