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 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 [...]
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 surged higher on Monday as the Market Vectors Gold Miners ETF (GDX) climbed $1.50, or 3.6%, to $43.12 per share in afternoon trading. The rally in gold stocks and the GDX coincided with strength in the broader equity markets, and in spite of tepid movement in the price of [...]
Demand for gold in China climbed to a new record high during the first quarter of 2012, according to the World Gold Council (WGC). In its latest quarterly Gold Demands Trends report, the WGC noted that Chinese gold demand increased 10% to 255.2 tonnes. India, which last year had the largest demand for gold, saw [...]
As the price of gold advanced 6.7% to $1,669 per ounce in the first quarter of 2012, several large-scale institutional investors added to their positions in the SPDR Gold Trust (GLD). According to their latest 13-F filings, Soros Fund Management, PIMCO, and the Teacher Retirement System of Texas raised their GLD holdings between January and [...]
While the price of gold has not performed particularly well since reaching its $1,923 all-time high in September 2011, this has not deterred Chinese citizens from accumulating the yellow metal. The Census and Statistics Department of the Hong Kong government reported that during the first quarter of 2012, imports of gold from Hong Kong to China [...]
Weakness in gold and silver shares continued on Monday, as the Philadelphia Gold & Silver Index (XAU) retreated alongside precious metals. Escalating sovereign debt concerns in Europe fueled safe-haven buying in the U.S. dollar, which in turn provided a headwind for the precious metals sector. COMEX gold futures – per the June contract – settled [...]
Weakness in gold shares continued on Thursday as the Market Vectors Gold Miners ETF (GDX) fell $1.57, or 3.5%, to $44.09 per share in mid-day trading. In doing so, the GDX reached yet another new multi-year low, a level last seen on March 30, 2010. The sector was pressured by a sell-off in COMEX gold [...]
Gold shares moved modestly higher on Tuesday while gold futures held steady and the broader equity markets posted more substantial gains. The Market Vectors Gold Miners ETF (GDX) rose $0.32, or 0.7%, to $46.71 per share, COMEX gold futures dipped $0.40 to $1,663.80 per ounce, and the S&P 500 Index climbed 1.2% to 1,413.98. The [...]
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 [...]
