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
“By creating enormous amounts of paper, and hoarding higher duration securities like Treasury securities, the Fed is trying to force investors into risky assets until the prospective returns on all competing assets are driven so low that investors and banks holding cash are willing to just sit on it. In short, the Fed has focused [...]
GOLD STOCKS NEWS – Gold stocks rallied on Monday as the Market Vectors Gold Miners ETF (GDX) climbed $0.83, or 1.7%, to $50.59 per share. Strength in gold stocks was driven by COMEX gold futures, which jumped $23.20, or 1.4%, to $1,685.60 per ounce. The GDX was also buoyed by a broad-based rally in the [...]
Premier Gold Mines (PG.TSX) provided an update on operations at the Rahill-Bonanza property in which the company has a joint venture. The emerging gold Company reported that the Cochenour-Red Lake Haulage Drift that is being constructed to link the Red Lake Gold Mines complex to the Cochenour (Bruce Channel ) complex has now crossed onto [...]
Fortuna Silver Mines (FVI.TSX, NYSE: FSM) reported its financial results for the fiscal year ended December 31, 2011. The Canadian-based silver mining company generated $19.53 million in net income, a 22% increase over 2010. Earnings per share climbed 7% to $0.16. Fortuna noted that the increase in net income is mainly attributable to higher mine [...]
GOLD PRICE NEWS – The gold price advanced $16.56, or 1.0%, to $1,679.56 per ounce Monday amid weakness in the U.S. dollar and a broad-based rally on Wall Street. The price of gold held steady near $1,660 in overnight trading, but turned sharply higher at approximately 8am ET. The catalyst for the rise in the [...]
