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 plunged Wednesday amid U.S. dollar strength and widespread liquidation in precious metals. The primary catalyst for the sell-off was Ben Bernanke’s semi-annual testimony to Congress, in which the Fed Chairman indicated that the central bank was not prepared to launch a third round of quantitative easing (QE3) in the near future. [...]
COMEX gold futures continued to tumble in late morning trading, with the April contract plummeting as much as $80.00, or 4.5%, to $1,708.40 per ounce. The decline coincided with a rally in the U.S. dollar after Fed Chairman Ben Bernanke’s testimony to Congress showed that the central bank is not close to embarking on further [...]
GOLD STOCKS NEWS – Gold stocks relinquished their earlier gains Wednesday morning, as the Market Vectors Gold Miners ETF (GDX) initially climbed to $57.91 but later fell 2.0% to $56.19 per share. Weakness in gold stocks and the GDX was fueled by a plunge in COMEX gold futures, which tumbled from as high as $1,792.30 [...]
Crocodile Gold (CRK.TSX) announced that Kevin Conboy and Robert Getz, each being a nominee of Luxor Capital Group, LP have joined the board of directors of the Company, replacing Bruce Humphrey and Michael Hoffman. The board of directors is now comprised of Chantal Lavoie as Chairman, George Faught as independent lead director, Peter Tagliamonte, Kevin [...]
Canaco Resources (CAN.TSXV) provided an update on the comprehensive metallurgical test work program for its Handeni project in Tanzania, Africa. This work will provide key input information to the upcoming Magambazi preliminary economic assessment, planned for completion by the end of the third quarter of 2012. Highlights: * Preliminary results from this test work indicate [...]
GOLD PRICE NEWS – The gold price held steady near $1,785 Wednesday morning despite a better than expected reading on U.S. GDP. The price of gold showed a muted reaction to the revision to fourth quarter GDP, which at 3.0% came in above the 2.8% consensus estimate among economists. Silver advanced modestly following the report, [...]
Premier Gold Mines (PG.TSX) announced that ongoing drilling at its 100% owned Trans-Canada Project in Northwestern Ontario continues to expand high-grade gold mineralization within targeted high-grade horizons including the Fortune and High Grade North (HGN) Zones. Premier Gold Mines noted that the current drill program is concentrated on three broad areas (eastern, middle and western) [...]
