News

Gold price headed down, then up: GFMS

While influential London-based gold research company GFMS Limited is forecasting a falling gold price for the first half of 2006, investors who take heed of the warning might not want to abandon the y…



Ascendant’s opponents drop OECD complaint

Groups opposed to Ascendant Copper‘s (ACX-T) Junin project in Ecuador have withdrawn a complaint with the Canadian government alleging that Ascendant breached Ecuadorian law, engage…


Reward to feed Briggs

Canyon Resources (CAU-X) could get two years worth of mill feed from the Reward project in Nye Cty., Nev., which improves the chances of restarting the Briggs mine across the border…


Quadra completes Carlota acquisition

Vancouver — In a previously announced deal valued at US$37.5 million, Quadra Mining (QUA-T, QADMF-O) has acquired the Carlota copper project in the historic Globe/Miami mining dist…



El Sauzal gives Glamis boost

Vancouver — The strong performance of the El Sauzal mine in Mexico’s Chihuahua state boosted gold production for Glamis Gold (GLG-T, GLG-N) to 434,010 oz. last year, an 85% increas…




Spot Prices Tuesday, Jan. 24, 2006 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $556.65 -1.40
Silver $9.00 -0.04
Platinum<...


Uruguay Minerals posts profits at San Gregorio

Vancouver — The San Gregorio mine, Uruguay’s only producing gold mine, churned out 25,323 oz. gold in the fiscal second quarter ended Nov. 30, 2005, at an average cash cost of US$182 per oz….


Gold stocks under pressure

The overall market trend on U.S. markets was down over the report period Jan. 17-24, with both the Dow Jones Industrial Average and the broad-based Standard & Poor’s 500 index losing ground. DJIA…


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