Editorial: Mainstream media misses the boat on gold prices
Gold investors have become far too familiar with the same old reasons offered by the financial press for short-term gold price movements.
Gold
Calvista hits in famous district
Clutching a few small blocks in what is probably Colombia’s most famous gold district, Calvista Gold (CVZ-T) is having little trouble hitting gold.
All systems go for Minera IRL in Patagonia
Lima-based Minera IRL (IRL-T) is moving ahead with building its second small gold mine, after having tabled a positive feasibility study in February for its Don Nicolas epithermal gold-silver project in Argentina’s Patagonia region.
Cerro Moro looks good for Extorre in Santa Cruz
The markets have reacted with enthusiasm to Extorre Gold Mines’ (XG-T, XG-X) preliminary economic assessment of its Cerro Moro gold-silver project, 70 km southwest of Puerto Deseado in Argentina’s Santa Cruz province.
Riverstone reports wide intersects in Burkina
The results of 10 diamond drill holes at the Goulagou I deposit will allow Riverstone Resources (RVS-V) to upgrade the resource model at its flagship Karma gold project in Burkina Faso.
Sanatana gets a boost from Watershed results
VANCOUVER — Vancouver-based exploration outfit Sanatana Resources (STA-V) enjoyed a share bounce-back following the release of drill results from its joint-venture Watershed gold project 20-km southwest of Gogama, Ontario.
Alacer ups 2012 production target, despite poor Q1 results
Alacer Gold (ASR-T, AQG-X) has bulked up its 2012 production guidance by 3% to 396,000 to 410,000 attributable ounces gold, following higher grades at its Copler gold mine in Turkey despite reporting a weak first quarter.
Freeport stands strong in eye of Indonesia’s nationalisation storm
VANCOUVER — The world’s largest, publicly-traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalisation overtures aimed at its…
Garrcon coming into sharper focus for Northern Gold
Northern Gold Mining (NGM-V) continues to advance its Garrison project in northern Ontario in leaps and bounds.
Friedland resigns from Ivanhoe Mines
Just a few months after Rio Tinto (RTP-N, RIO-L) took a controlling 51% stake in Ivanhoe Mines (IVN-T, IVN-N, IVN-Q), billionaire founder and chief executive Robert Friedland has resigned from the company along with five other members of the…
AuRico focuses on gold assets, divests El Cubo to Endeavour Silver
VANCOUVER — Toronto-based AuRico Gold (AUQ-T, AUQ-N) completed the sale of its El Cubo silver-gold mine in Mexico’s Guanajuato state and its Guadalupe y Calvo silver-gold exploration project in Mexico’s Chihuahua state…
Asian investment creates buzz about South American Silver
High-tech investors, materials manufacturers and end users of indium and gallium from Taiwan, Hong Kong, Japan and Korea have invested US$16 million in South American Silver (SAC-T, SOHAF-) in a private placement that has brought the…