Wall Street tumbles, July 20-24

Source: Daily News | 2015-07-29
Weak corporate earnings and lower prices for commodities pushed down all three major U.S. indices. The S&P 500 Index fell 2.2% during the week to close at 2,079.65. The Dow Jones Industrial Average lost 2.9% to finish at 17,568.53, while...

First Majestic pursues SilverCrest in $154M deal

Source: Daily News | 2015-07-28
First Majestic Silver (TSX: FR; NYSE:AG) is buying SilverCrest Mines (TSX: SVL) in a largely all-share $154 million deal to bulk up its treasury and asset base.

Royal Road driven by results at Gomec in Turkey

Source: Daily News | 2015-07-27
VANCOUVER — It’s been almost a decade since Tim Coughlin, a co-founder of Lydian International, was part of the team that stumbled across the multi-million oz. Amulsar gold deposit in southern Armenia. Now, as president and CEO of...

[Update] Guyana Goldfields nears first gold production at Aurora

Source: Daily News | 2015-07-27
Guyana Goldfields (TSX: GUY) is gearing up to start production at its Aurora gold mine in Guyana this August, which will make it the newest gold producer in the South American nation.

Batero Gold targets CB Gold in friendly deal

Source: Daily News | 2015-07-27
Less than a month after rejecting a hostile takeover offer from Red Eagle Mining (TSXV: RD; US-OTC: RDEMF), CB Gold’s (TSXV: CBJ) board of directors is recommending to shareholders that they accept a takeover offer from Batero Gold Corp....

Gold price fall may trigger another round of writedowns

Source: Daily News | 2015-07-24
Data recently published by Wood Mackenzie illustrates that at US$1,100 per oz. gold, about 10% of current gold mine production is uneconomic on a total cash cost plus sustaining capex basis.

Red Eagle CEO says the 'smart money' still believes in gold

Source: Daily News | 2015-07-23
VANCOUVER — Red Eagle Mining (TSX: RD; US-OTC: RDEMF) looks poised to hit gold production in 2017 following a $19-million private placement that CEO Ian Slater labels one of the “toughest” he’s ever done.

Brazil Resources to buy Whistler project in Alaska

Source: Daily News | 2015-07-22
In a letter to shareholders earlier this year, Amir Adnani, chairman of Brazil Resources (TSXV: BRI; US-OTC: BRIZF), stated that the company’s strategy since its initial public offering in 2011 had been “to take advantage of the...

Gold stocks that soared in 2015's H1 

Source: Print Archives | 2015-07-22
Several gold producers have registered strong share price gains during the first half of 2015, despite price pressure on the yellow metal. The spot gold price dipped 0.7% from last year’s close to end June 30 at US$1,174 per oz. It has...

Sugar Zone could be even sweeter, Harte Gold's Roman says 

Source: Print Archives | 2015-07-22
Development is picking up speed at Harte Gold’s (TSX: HRT; US-OTC: HRTFF) Sugar Zone deposit, 60 km east of the Hemlo gold camp near Wawa, Ont., with a major financing, recent bulk sampling and toll-milling deals.