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
Precious metals futures bounced considerably from their intra-day lows on Monday, with gold and silver posting only modest losses on the COMEX. Gold futures for June delivery – the most actively-traded contract on the COMEX – fell to as low as $1,645.10 per ounce this morning but climbed back to settle down by just $0.60 [...]
Gold shares came under pressure on Monday amid broad-based weakness in the equity markets and despite a rebound in gold futures. The Market Vectors Gold Miners ETF (GDX) was lower by $0.61, or 1.3%, at $46.19 per share in mid-day trading while the S&P 500 Index fell 0.5% to 1,396.97. Gold futures initially dropped to [...]
Premier Gold Mines (PG.TSX) announced an exploration update from ongoing drilling at the Company’s 100% owned Trans-Canada Project in Northwestern Ontario. Premier reported that drilling continues to delineate and expand mineralization in several high-grade horizons including numerous high-grade intercepts within the primary target, the Fortune Zone. Premier Gold Mines also noted that due to the [...]
GOLD PRICE NEWS – The gold price fell $3.22, or 0.2%, to $1,659.38 per ounce Monday morning as the U.S. dollar held firm against a basket of foreign currencies. The price of gold climbed to as high as $1,666 in overnight trading, but turned sharply lower to $1,645 after the U.S. Commerce Department reported that [...]
Precious metals advanced on Friday amid a modest decline in the U.S. dollar and broad-based strength in the commodities complex. COMEX gold futures – per the June contract – settled higher by $4.30, or 0.3%, at $1,664.80 per ounce. In doing so, the yellow metal finished at its highest level since April 12 and stretched [...]
Trelawney Mining and Exploration (TRR.TSXV) was the top performing gold stock on Friday after it agreed to be acquired for approximately C$608 million by IAMGOLD (IAG). Shares of TRR.TSXV soared as much as 41.8% to C$3.29 this morning after the companies announced the signing of a definitive agreement whereby IAMGOLD will purchase Trelawney for C$3.30 [...]
Gold shares moved higher alongside COMEX gold futures on Friday, with the Market Vectors Gold Miners ETF (GDX) rising 0.7% to $46.59 in mid-day trading. The GDX climbed to an intra-day high of $47.11 this morning but later pared its gains. Still, the GDX remains on pace for only its third weekly advance in the [...]
GOLD PRICE NEWS – The gold price rose $5.82, or 0.4%, to $1,663.72 per ounce on Friday following S&P’s downgrade of Spain and a worse than expected report on U.S. GDP. The price of gold climbed after Standard & Poor’s lowered its Spanish sovereign credit rating by two notches to BBB+ and first quarter GDP [...]
Gold and silver futures advanced on Thursday amid broad-based strength in the commodities complex. COMEX gold futures for June delivery – the most active contract – settled up by $18.20, or 1.1%, at a two-week high of $1,660.50 per ounce. Silver futures – per the COMEX July contract – $0.85, or 2.8%, to $31.21 per [...]
Gold shares remained in negative territory in early afternoon trading on Thursday, as the Market Vectors Gold Miners ETF (GDX) fell $0.26, or 0.6%, to $46.03 per share. The sector’s weakness came despite a rally in COMEX gold futures – which rose $16.90, or 1.0%, to $1,659.20 per ounce – and a fractional advance in [...]
