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 dropped on Friday amid a rally in the U.S. dollar and widespread liquidation in the commodities complex. COMEX gold futures for April delivery settled lower by $15.90, or 0.9%, at $1,725.30 per ounce. In doing so, the yellow metal extended its weekly loss to 0.9% as well and posted its first set of [...]
The Federal Reserve’s Operation Twist program has continued to indirectly benefit gold prices by keeping long-term interest rates artificially low. Under the program, which is scheduled to end in June 2012, the Fed is purchasing longer-term Treasuries and selling equal amounts of shorter-term Treasuries in an effort to keep long-term interest rates near record minimum [...]
Claude Resources (CRJ.TSX, AMEX: CGR) announced that it expects to produce approximately 50,500 ounces of gold in 2012 from its 100%-owned Seabee Gold Operation. The Canadian-based gold miner also reported fourth quarter 2011 production of 11,270 ounces and full-year production of 44,760 ounces. Highlights: * The Company intends to release an updated Seabee Resource and [...]
GOLD PRICE NEWS – The gold price plunged Friday as global stock and commodity markets fell amid fresh worries over whether Greek politicians will pass the austerity measures necessary for the financially-strapped nation to receive its next installment of bailout funds. Gold prices fell $17.30 to $1,711 per ounce while S&P 500 stock futures fell [...]
