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 shares turned sharply lower alongside the yellow metal and broader financial markets on Wednesday amid widespread liquidation on Wall Street. In afternoon trading the Market Vectors Gold Miners ETF (GDX) fell $1.10, or 2.2%, to $48.81 per share – within a fraction of its 52-week low of $48.42 reached on March 20th. In doing [...]
Bill Gross, manager of the world’s largest bond fund at PIMCO, predicted that the Federal Reserve will implement additional monetary easing measures when the current “Operation Twist” program ends in June. In an interview with Bloomberg, Gross said that he sees the Ben Bernanke-led central bank launching a “twist on another twist going forward.” Specifically, [...]
Crocodile Gold (CRK.TSX) announced the acquisition of two gold mines in Australia from AuRico Gold. The two companies entered into a definitive agreement pursuant to which Crocodile Gold will acquire the Stawell and Fosterville mines located in Victoria State, Australia through the acquisition of all of the shares of Northgate Australian Ventures Corporation Pty Ltd [...]
GOLD PRICE NEWS – The gold price dipped $5.81, or 0.4%, to $1,674.99 per ounce Wednesday morning amid broad-based weakness in commodities and modest strength in the U.S. dollar. The price of gold once again held in a tight range in overnight trading – between roughly $1,675 and $1,685 – but turned moderately lower as [...]
