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 and silver futures settled substantially higher at the COMEX on Thursday amid a broad-based rally in commodities and weakness in the U.S. dollar. COMEX gold for February delivery climbed $26.60, or 1.6%, to $1,726.70 per ounce – its highest closing level since December 7, 2011. Silver futures finished higher by $0.62, or 1.9%, at [...]
SILVER STOCKS NEWS – Silver stocks climbed Thursday as the Global X Silver Miners ETF (SIL) advanced $0.58, or 2.4%, to $24.43 per share in mid-day trading. The move higher in silver stocks and the SIL was driven by a rally in COMEX silver futures, which jumped 1.4% to $33.57 per ounce. Strength in silver [...]
Premier Gold Mines (PG.TSX) announced the signing of a Letter of Intent to enter into a joint venture with Newmont USA Limited, a subsidiary of Newmont Mining (NEM) to consolidate the Saddle and Rain projects in Nevada. The projects are located within the Rain sub-district of Nevada’s prolific Carlin Trend. Premier noted that the joint [...]
GOLD STOCKS NEWS – Gold stocks advanced Thursday as the Market Vectors Gold Miners ETF (GDX) climbed $1.07, or 1.9%, to $56.30 per share. In Canada, gold stocks surged as well, with the S&P/TSX Global Gold Index rising 1.4% to 387.40. Strength in gold stocks was fueled by further gains in COMEX gold futures, which [...]
Fortuna Silver Mines (FVI.TSX, NYSE: FSM) reported 2011 production results and its 2012 production forecast from the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Canadian-based silver Company announced silver production of 2.50 million ounces, a 31% increase over 2010. Cash costs on a consolidated basis came in at $0.37 per [...]
GOLD PRICE NEWS – The gold price climbed $12.08, or 0.7%, to $1,723.63 per ounce Thursday morning as the yellow metal built on yesterday’s Fed-induced rally. Silver added to its gains alongside the gold price, by $0.27, or 0.8%, to $33.61 per ounce. Equity markets throughout Asia and Europe were largely higher, while U.S. markets [...]
