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 [...]
Mines Management (MGN) announced preparation measures, through its subsidiary Minera Montanore Peru SAC, for the upcoming exploration program at its La Estrella gold-silver project in central Peru. The emerging silver company noted that the goals of the initial 2500-meter program are to confirm continuity of mineralization on the southwest side of the deposit, to better [...]
Fortuna Silver Mines (FVI.TSX, NYSE: FSM) announced the results of recently completed exploration drilling of the Bateas Vein at its Caylloma Mine in Arequipa, Peru . The Canadian-based silver producer reported that a 19 hole drill program was completed in late April to explore extensions of high-grade mineralization in the Bateas vein system. Production from [...]
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 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 [...]
Mines Management (MGN) reported financial and operating results for the first quarter of 2012. During the first three months of the year, the emerging silver company continued to progress with its flagship Montanore silver-copper project. The Montanore project is located in the northwestern portion of the state of Montana and is one of the world’s [...]
Precious metals held on to the majority of their gains Friday afternoon despite further weakness in the broader financial markets. COMEX gold futures, per the June contract, settled with a gain of $17.00, or 1.1%, at $1,591.90 per ounce. In doing so, the yellow metal turned positive for the week, by 0.5%. July silver futures [...]
Gold and silver stocks were the standout performers in the equity markets on Thursday amid widespread liquidation on Wall Street. The Philadelphia Gold & Silver Index (XAU), a basket of the world’s largest precious metals companies, climbed 3.8% to 147.69 in afternoon trading on the back of a rally in gold and silver futures. In [...]
Precious metals turned slightly lower Tuesday morning amid further strength in the U.S. dollar. The spot price of gold inched lower by $1.52 to $1,557.18 per ounce while silver dropped $0.12 to $28.14 per ounce. Gold and silver shares opened near unchanged, with the Philadelphia Gold & Silver Index (XAU) up by 0.1% at 147.33 [...]
Gold and silver futures came under further selling pressure on Monday amid strength in the U.S. dollar and widespread liquidation across financial markets. COMEX gold for June delivery tumbled $23.50 to $1,560.70 per ounce while silver for July delivery slid $0.44 to $28.45 per ounce. Gold and silver equities turned sharply lower as well, with [...]
