Mines Management (MGN) advances La Estrella Project
Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Gold and silver futures advanced on Friday despite stability in the U.S. dollar, but nonetheless finished the week in negative territory. Shares of most precious metals companies were also in the black Friday afternoon, and also significantly outperformed the metals over the five-day stretch. COMEX gold futures for June delivery settled higher by $11.40, or [...]
The latest gold mining executive to forecast a new record high for the price of gold was Sean Boyd, CEO of Agnico-Eagle Mines (AEM). In an interview with King World News this week, Mr. Boyd predicted that the yellow metal will reach a new all-time high of $3,000 per ounce within the next two years. [...]
GOLD PRICE NEWS – Gold prices advanced modestly Friday morning amid slight weakness in the U.S. dollar and moderate strength in the commodities complex. The spot price of gold crept steadily higher in overnight trading and extended its gains to 0.6% at $1,568.43 per ounce following the opening of U.S. financial markets. However, the gold [...]
GOLD STOCKS NEWS – Gold stocks turned lower Thursday afternoon alongside precious metals, with the Market Vectors Gold Miners ETF (GDX) falling from an intra-day high of $45.28 to trade down by $0.54, or 1.2%, at $43.90 per share. The negative reversal in gold stocks and the GDX was driven by COMEX gold futures, which [...]
Many central banks around the world continued to add to their gold holdings in recent months, according to data from the International Monetary Fund (IMF). The largest increase was by the Philippines, which raised its gold holdings by 1.03 million ounces to 6.245 million in March. This represented the biggest reported increase in a nation’s [...]
GOLD PRICE NEWS – The gold price held firm Thursday morning amid modest weakness in the U.S. dollar and disappointing economic data in several of the world’s largest regions. The spot price of gold climbed to as high as $1,577.49 per ounce in overnight trading as the U.S. Dollar Index hit an intra-day low of [...]
While the broader equity markets remained firmly in negative territory this afternoon, gold and silver shares staged a particularly impressive comeback. The Philadelphia Gold & Silver Index (XAU) – comprised of the world’s largest precious metals companies – fell to as low as 146.66 this morning amid widespread liquidation in financial markets. However, the XAU [...]
GOLD STOCKS NEWS – Gold stocks resumed their recent slide on Wednesday as the Market Vectors Gold Miners ETF (GDX) fell $0.58, or 1.4%, to $41.96 per share in mid-day trading. Weakness in gold stocks and the GDX was accompanied by a sharp turn lower in COMEX gold futures, which sunk $35.90, or 2.3%, to [...]
GOLD PRICE NEWS – The gold price tumbled $21.33, or 1.4%, to $1,545.09 per ounce Wednesday morning amid widespread liquidation on Wall Street. The spot price of gold moved modestly lower alongside other commodities in overnight trading, but later extended its losses as the U.S. dollar surged higher against a composite of foreign currencies. The [...]
Gold and silver futures headed further south Tuesday afternoon as the U.S. dollar rallied against a basket of foreign currencies. COMEX gold futures for June delivery – the most actively-traded contract – clung to modest losses this morning but turned sharply lower later in the day to settle down by $12.10, or 0.8%, at $1,576.60 [...]
