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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: April 24th, 2012

Russia, Mexico Among Many Nations Adding to Gold Reserves

price of gold under $1,600

Several countries across the globe continued to diversify their reserves into gold during the month of March, according to the International Monetary Fund (IMF). Mexico purchased the largest amount of the yellow metal, 16.81 tons, bringing its total to 122.6 tons.  Russia’s holdings rose by 16.55 tons to 895.75, while Turkey purchased 11.5 tons to [...]

Apr 24 2012 | Read More »

Gold Stocks “as Cheap as I’ve Ever Seen Them,” New Highs Ahead?

Goldcorp Has “A Tough Few Days”

GOLD STOCKS NEWS – Gold stocks inched higher in mid-day trading on Tuesday, as the Market Vectors Gold Miners ETF (GDX) added $0.14, or 0.3%, to $45.18 per share.  The slight rise in gold stocks and the GDX was driven by a modest advance in COMEX gold futures, which climbed $9.80, or 0.6%, to $1,642.40 [...]

Apr 24 2012 | Read More »

Aurizon Reports Favorable Gold Recoveries at Marban

at Casa Berardi

Aurizon Mines (ARZ.TSX, AMEX: AZK) announced the results of preliminary metallurgical testing for two composite samples from the Marban property conducted by SGS Mineral Services. Marban is located in the Malartic gold camp in the Abitibi Region of Quebec, Canada. Aurizon can earn up to a 65% interest in the Marban Block property under the [...]

Apr 24 2012 | Read More »

Gold Price Firm, Dollar Retreats on Housing Data

Precious Metals Rise

GOLD PRICE NEWS – The gold price advanced $6.85, or 0.4%, to $1,645.25 per ounce Tuesday morning as the U.S. dollar Index fell by a modest 0.3% to 79.155.  Silver rose alongside the price of gold, by $0.18, or 0.6%,t o $31.08 per ounce.  Strength in precious metals and the dollar’s weakness was driven in [...]

Apr 24 2012 | Read More »
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