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  • PG Premier Gold Mines (PG) expands management team
  • FVInew_290 Fortuna Silver Mines (FVI) expands presence in Mexico
  • AZK Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
  • CGR Claude Resources (CGR) expands gold resources and grade at Santoy Gap
  • MGN Mines Management (MGN) reports “significant progress” in third quarter
  • crocodile_290x250 Crocodile Gold (CRK) reports 35% production growth
Archive for: March 1st, 2012

Precious Metals Bounce Back from Yesterday’s Plunge

Precious Metals Post Monthly Gains

Gold and silver futures rebounded modestly alongside the broader financial markets following yesterday’s large declines. COMEX gold for April delivery settled higher by $10.90, or 0.6%, at $1,722.20 per ounce.  Silver outperformed the yellow metal, climbing $1.02, or 2.9%, to $35.66 per ounce. Gold and silver shares were lifted by the metals, as the Philadelphia [...]

Mar 1 2012 | Read More »

Gold Stocks (GDX) Climb, Narrow Gap with the Yellow Metal

Precious Metals Outlook

GOLD STOCKS NEWS – Gold stocks bounced back from yesterday’s sell-off as the Market Vectors Gold Miners ETF (GDX) climbed $0.61, or 1.1%, to $56.01 per share in morning trading.  The rebound in gold stocks and the GDX was driven by the price of gold, which jumped $25.70 to $1,719.37 following a $92 plunge on [...]

Mar 1 2012 | Read More »

Klondex Expands Gold Mineralization at Fire Creek

Expands Presence in Nevada

Klondex Mines (KDX.TSX) announced initial assay results from its ongoing underground core drilling program at its 100%-owned Fire Creek gold-silver project in Lander County, Nevada.  The nine holes reported tested the southern end of the Main Vein Zone, a northwest trending set of vein-like bodies of mineralization with a known length of over 1,000 meters. [...]

Mar 1 2012 | Read More »

Aurizon Advances Marban Toward Updated Resource Estimate

gold projects in Australia

Aurizon Mines (ARZ.TSX, AMEX: AZK) announced initial drill results from the second phase program at the Marban property, located in the Malartic gold camp, Abitibi region of Quebec.  The Canadian-based gold mining Company noted that the results are from 15 new drill holes completed on the Marban gold deposit. The second phase program will include [...]

Mar 1 2012 | Read More »

Gold Price Rebounds, but Further “Correction” Ahead?

GFMS Affirms Bullish Outlook

GOLD PRICE NEWS – The gold price rose $15.43, or 0.9%, to $1,709.10 per ounce Thursday morning following Wednesday’s $92.00 plunge.  The price of gold rebounded alongside the broader stock and commodity markets despite stability in the U.S. dollar.  The SPDR Gold Trust (GLD), a proxy for the gold price and the world’s largest gold [...]

Mar 1 2012 | Read More »
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