In 1980 the physicals led paper gold and silver higher. Now 33 years later, the paper is leading the spiraling physicals lower.It was January 1980 when silver touched US$50 an oz. and was hovering in the US$40s. Henry Jarecki was the head of…
Spot pricesCourtesy of ScotiabankTuesday, June 4, 2013 Precious MetalsPrice…
VANCOUVER — Chile’s environmental regulator has imposed its maximum fine on the world’s largest gold miner after a four-month investigation revealed Barrick Gold (ABX-T, ABX-N) committed “very serious” violations…
Atna Resources (ATN-T) took a beating after notifying the market that it would reduce underground mining rates at its Pinson gold mine near Winnemucca, Nev.
Chief executive Kevin McArthur of Tahoe Resources (THO-T, TAHO-N) says the company expects to start commissioning the mill at its Escobal silver project in Guatemala in the second half of this year and has received a US$50 million secured…
Pierre Vaillancourt of Macquarie Equities Research has initiated coverage of Roxgold (ROG-V) with an outperform rating and a 12-month target price of $1.50 per share—200% higher than its current trading price of 50¢.
SilverCrest Mines (SVL-V, SVLC-X) has increased probable reserves of silver by 103% and of gold by 50% at its flagship Santa Elena mine, 150 km northeast of Hermosillo in Sonora, Mexico. Indicated resources of silver have grown by 127% and gold…
The S&P/TSX Venture Composite Index inched upwards in the four-day week following the Victoria Day long weekend, adding 13.64 points, or 1.5%, to end at 948.32. Trading volumes for the period were down, averaging 53.5 million trades per…
VANCOUVER — Kootenay Silver (KTN-V) always knew there was gold alongside the silver at its flagship Promontorio project in Sonora, Mexico, but without proof the gold was economically recoverable, the company had to exclude the yellow…
For the first week since mid-April, U.S. stock indexes were dragged lower — driven down by worries that the Federal Reserve is planning to taper off its stimulus program and nagging concerns about growth in China. The Dow Jones…
A swarm of protestors have blocked the only road leading to Centerra Gold’s (CG-T) Kumtor gold mine in Kyrgyzstan in a move to pressure the government to cancel the 2009 Kumtor agreement it signed with the miner.
The Toronto Stock Exchange’s main index stayed in the green during the shortened week despite speculation that the U.S. Federal Reserve may slow down its monetary easing.
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