Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
Mines Management (MGN) announces first quarter results
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Gold and silver shares continued their recent march higher on Friday, as the Philadelphia Gold & Silver Index (XAU) rose 1.7% to 203.36 in early afternoon trading. With today’s advance, the XAU is now higher by 8.7% this week – putting it on pace for its best such stretch since a 12.5% advance from October [...]
Gold is likely to reach a new all-time record high above $2,000 per ounce during the third quarter of 2012, according to analysts at Barclays Capital. The firm predicted that the yellow metal will rise 21% by the end of the year, which would put it at approximately $1,892 per ounce. The broader commodities sector [...]
Crocodile Gold (CRK.TSX) reported its 2012 production outlook and discussed major plans for the year ahead. The Canadian-based gold mining company provided production guidance of 75,000-85,000 ounces at a cash cost of $1,100-$1,300 per ounce. Crocodile Gold noted that more than 70% of total production is expected to come from its Cosmo Mine in the [...]
GOLD PRICE NEWS – The gold price held firm near $1,720 per ounce Friday morning after fourth quarter U.S. GDP growth came in at 2.8%, below the 3.0% consensus estimate among economists. The price of gold hovered in a tight range between $1,718 and $1,728 in overnight trading, while the U.S. dollar stabilized against many [...]
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 [...]
