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 shares turned sharply lower on Tuesday as precious metals relinquished their gains and the broader equity markets headed south. The Philadelphia Gold & Silver Index (XAU) fell as much as 2.4% to 189.14 this afternoon while the S&P 500 Index slid 0.8%, to 1,341.05. With today’s sell-off, the XAU – comprised of [...]
With several of the world’s largest gold producers scheduled to report fourth quarter earnings later this week, Stifel Nicolaus discussed its outlook for the companies in a report to clients published this week: Goldcorp (GG) – reports Wednesday after the market close – “We forecast 4Q11 EPS of $0.56, below consensus’ $0.60 and 3Q11’s $0.57. [...]
Klondex Mines (KDX.TSX) announced the final results from its 2011 exploration program at its 100%-owned Fire Creek gold-silver project in north-central Nevada. The emerging gold Company noted that the 2011 program succeeded in locating previously unknown gold- and silver-bearing veins. Klondex reported assay results for the final 21 holes of its 33-hole 2011 surface-drilling program, [...]
The Bank of Japan (BOJ) became the latest central bank to increase the size of its quantitative easing program at its monetary policy meeting on Tuesday. There, the BOJ raised the size of asset purchase plan by 10 trillion yen, or approximately $130 billion, from ¥55 trillion to ¥65 trillion. The entire amount will be [...]
GOLD PRICE NEWS – The gold price bounced back from overnight losses in morning trading on Tuesday, rising $3.61 to $1,727.51 per ounce. The spot price of gold fell to as low as $1,711 at approximately 8:12am ET, but jumped back toward $1,730 after U.S. retail sales missed expectations. With a 0.4% increase, January retail [...]
