Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
The end of mining strikes across South Africa has created a buying opportunity in several gold stocks, according to a report this week by CIBC World Markets. Yesterday, the KDC East mine – owned by Gold Fields (GFI) – returned to work following a 23-day strike. CIBC analyst Leon Esterhuizen noted that KDC East is [...]
GOLD PRICE NEWS – The gold price advanced modestly on Tuesday for a second consecutive session as investors awaited the outcome of today’s U.S. presidential election. The spot price of gold rose $9.44, or 0.6%, to a high of $1,694.12 per ounce this morning while the U.S. dollar dipped 0.2% against a composite of foreign currencies. [...]
GOLD PRICE NEWS – The price of gold gave back its earlier small gain on Thursday after several better than expected economic reports in the U.S. The spot gold price rose $5.91, or 0.3%, to an overnight high of $1,727.48 per ounce, but later fell back toward unchanged at $1,719.23. In doing so, the gold [...]
GOLD STOCKS NEWS – Gold stocks surged higher on Wednesday as the Market Vectors Gold Miners ETF (GDX) jumped by as much as $1.69, or 3.3%, to $52.93 per share. The rally in gold stocks sector and the GDX was fueled by gains over the prior two days in Canadian-listed gold shares and a modest [...]
Following third quarter earnings reports from several of the world’s largest gold mining companies, multiple research analysts reiterated their positive stances on their stocks. This morning, Eldorado Gold (EGO) reported earnings per share of $0.11 and affirmed its full-year production guidance of 660,000 ounces at cash operating costs of $465 per ounce. Scotia Capital analyst Tanya [...]
GOLD PRICE NEWS – The gold price bounced back on Thursday from two straight sessions of losses amid modest weakness in the U.S. dollar and strength in the commodities complex. The spot price of gold rose as much as $17.20, or 1.0%, to $1,718.57 per ounce while the U.S. Dollar Index dipped 0.2% to 79.842 [...]
Analysts at Dundee Securities upgraded their outlook for the gold stocks sector on Monday and raised their price targets on a host of gold mining companies. In its report, the firm wrote that “For the second consecutive quarter, we are bullish on the prospects for precious metals, and even more so for precious metals equities. [...]
While investors generally consider September to be the best month of the year for gold and silver prices, November has actually been the winner over the past ten years, according to a report published this morning by CIBC World Markets. In addition, “Investors could capture 56% of the annual gold gains and a whopping 66% [...]
Credit Suisse became the latest investment bank to raise its forecasts for gold and silver prices, due in large part to the likelihood of further quantitative easing (QE) by the Federal Reserve. “In light of the Fed’s open-ended commitment to asset purchases, the shift in language on rates, and the potential for an additional program [...]
GOLD PRICE NEWS – The gold price was weighed down on Monday by a stronger U.S. dollar as financial markets continued to digest the impact of last Friday’s better than expected U.S. employment report. The spot price of gold fell $12.94, or 0.7%, to an overnight low of $1,768.34 per ounce, but pared its decline [...]
