Spanish Mountain Gold (SPA) launches Feasibility Study
Klondex Mines (KDX) reports “very encouraging” results at Fire Creek
Canaco Resources’ (CAN) gold discovery keeps growing
Claude Resources (CGR) expands gold mineralization at Santoy Gap
Crocodile Gold (CRK) reports completion of Luxor Group bid
Premier Gold Mines (PG) expands presence in Red Lake District
The price of gold is likely to reach a new all-time record nominal high of $2,000 per ounce by April of this year, according to Huntington Asset Advisors’ Peter Sorrentino. In a recent Bloomberg interview, Sorrentino – a senior fund manager at Huntington – discussed his bullish short-term outlook for the yellow metal. “Gold had [...]
Gold shares turned lower in late morning trading on Friday alongside the yellow metal as the U.S. dollar rebounded against a basket of foreign currencies. COMEX gold futures fell from as high as $1,737.50 toward $1,721.80 per ounce, while the euro currency retreated from near 1.32 to 1.3153 against the U.S. dollar. The Market Vectors Gold [...]
The latest gold mining CEO to publicly discuss his forecast for the yellow metal was Mark Cutifani of AngloGold Ashanti (AU). As head of one of the world’s largest gold producers, Cutifani stated during the Company’s recent earnings call that the price of gold could “easily poke through $2,000″ per ounce in 2012 and thus [...]
While the number of firms raising their gold and silver price forecasts has certainly trailed off in recent months, this morning BNP Paribas was the latest to hike its estimates. The firm raised its 2012 average gold target to $1,850 from $1,810 per ounce, and to $2,225 from $2,150 in 2013. On a quarterly basis [...]
Last year the University of Texas Investment Management Co. took delivery of over more than 6,000 gold bars – worth nearly $1 billion at the time – based in part on advice from noted hedge fund manager Kyle Bass. Yesterday, Mr. Bass stated at a meeting among the endowment’s fund directors that he is “against [...]
“Following the releases of 2012 and 2013 guidance from a number of producers, clear that operating costs, sustaining capital, and capex are all increasing further, and we estimate that sustaining capital costs have now reached well in excess of $200/oz.” The above commentary is from a recent research report by CIBC analyst Barry Cooper, who [...]
Gold’s strong performance in January has illustrated that the yellow metal has “come roaring back from its latest temporary correction, sending the bears into full withdrawal,” according to Robert Lenzer. The former National Editor and Senior Editor at Forbes Magazine, Lezner discussed the catalysts for gold’s rebound in a recent article on Forbes.com. “Gold, you [...]
Gold and silver futures settled substantially higher at the COMEX on Thursday amid a broad-based rally in commodities and weakness in the U.S. dollar. COMEX gold for February delivery climbed $26.60, or 1.6%, to $1,726.70 per ounce – its highest closing level since December 7, 2011. Silver futures finished higher by $0.62, or 1.9%, at [...]
“We remain bullish on precious metals. The recent weakness caused by evaporating liquidity and a stronger U.S. dollar is unlikely to persist, with gold likely to benefit from a return of investor appetite for something other than U.S. dollar cash equivalents, given risks still remain elevated.” The above commentary is from a recent report by [...]
Gold’s bull market is likely to end by the first quarter of 2013 after reaching a new all-time high above $2,000 per ounce, according to metals consultancy firm GFMS. In the second update to its Gold Survey 2011, GFMS – now a unit of Thomson Reuters Corp. - stated this week that “A combination of factors [...]
