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
Crocodile Gold (CRK.TSX) announced that it achieved a 47% improvement in development meters at its Cosmo underground mine in January 2012 on a month-over-month basis. The Company developed 90 meters of ore last month, producing 10,900 tonnes grading 3.0 grams per tonne of gold, an underground development record. Highlights: * Crocodile Gold produced 3,300 ounces [...]
Gold and silver futures rebounded substantially from earlier losses in Wednesday afternoon trading. The move higher in precious metals did not coincide with U.S. dollar weakness or significant volatility in the broader markets, however. Instead, the comeback was driven by noticeably higher volumes on the COMEX, particularly at near 1:05pm ET. COMEX gold futures, per [...]
Spanish Mountain Gold (SPA.TSXV) announced plans to proceed with a Feasibility Study (FS) for its Spanish Mountain Gold Project in central British Columbia, Canada. The emerging gold Company reported that it will retain the same team of professionals, led by Tetra Tech (formerly Wardrop) as Project Manager, to complete a National Instrument 43-101 compliant feasibility [...]
Gold and silver shares were sharply higher in Tuesday afternoon trading amid a rally in precious metals and modest weakness in the U.S. dollar. COMEX gold futures, per the April contract, advanced $32.60, or 1.9%, to $1,758.50 per ounce while silver futures jumped $1.21, or 3.7%, to $34.43 per ounce. The U.S. Dollar Index slid [...]
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 [...]
Gold and silver futures turned sharply higher alongside the broader financial markets on Thursday as the U.S. relinquished its gains. COMEX gold for April delivery fell to an intra-day low of $1,706.70 this morning but settled with a fractional gain at $1,728.40 per ounce. Silver futures slid to as low as $32.64 earlier in the [...]
Several of the world’s largest gold mining companies reported their fourth quarter and full-year 2011 financial results yesterday after the market close and/or this morning. The sector also staged a considerable comeback in mid-day trading alongside the broader equity markets. The Market Vectors Gold Miners ETF (GDX) slid to as low as $52.67 this morning [...]
Gold and silver shares turned sharply lower on Tuesday as precious metals relinquished their gains and the broader equity markets headed south. The Philadelphia Gold & Silver Index (XAU) fell as much as 2.4% to 189.14 this afternoon while the S&P 500 Index slid 0.8%, to 1,341.05. With today’s sell-off, the XAU – comprised of [...]
With several of the world’s largest gold producers scheduled to report fourth quarter earnings later this week, Stifel Nicolaus discussed its outlook for the companies in a report to clients published this week: Goldcorp (GG) – reports Wednesday after the market close – “We forecast 4Q11 EPS of $0.56, below consensus’ $0.60 and 3Q11’s $0.57. [...]
Klondex Mines (KDX.TSX) announced the final results from its 2011 exploration program at its 100%-owned Fire Creek gold-silver project in north-central Nevada. The emerging gold Company noted that the 2011 program succeeded in locating previously unknown gold- and silver-bearing veins. Klondex reported assay results for the final 21 holes of its 33-hole 2011 surface-drilling program, [...]
