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
Weakness in precious metals continued on Wednesday amid U.S. dollar strength and broad-based selling in the commodities complex. However, gold and silver futures bounced well off their intra-day lows to settle with only moderate losses. COMEX gold futures – per the June contract – ended down by $10.30, or 0.6%, at $1,594.20 per ounce after [...]
GOLD STOCKS NEWS – Gold stocks rebounded from earlier losses on Wednesday despite continued weakness in the yellow metal. The Market Vectors Gold Miners ETF (GDX) initially tumbled to yet another fresh multi-year low of $41.10 per share, but subsequently turned sharply higher, by $1.08, or 2.6%, to $43.25. The bounce back in gold stocks [...]
Canaco Resources (CAN.TSXV) announced the remaining outstanding delineation drill results for the purposes of calculating an initial mineral resource estimate at its Magambazi gold project in Tanzania, Africa. The results include 117 new holes and updates to three previously reported holes. All drill results related to the upcoming initial mineral resource estimate have now been [...]
Crocodile Gold (CRK.TSX) announced that it now expects 2012 gold production to increase 200% with the completion of the acquisition of the Fosterville and Stawell mines in Australia from AuRico Gold. The Canadian-based gold miner also reported operational results for the first quarter of 2012 from its properties in the Northern Territory of Australia. Highlights: [...]
GOLD PRICE NEWS – Gold prices continued to slide on Wednesday, by $21.04, or 1.3%, to $1,585.95 per ounce. The sell-off in the gold price was driven by escalating euro zone sovereign debt concerns, which put considerable pressure on financial markets in Asia, Europe, and North America. Silver retreated in conjunction with the price of [...]
