Record Chinese demand could fuel optimism around gold price
News that the Federal Reserve was tapering its bond buyback program was just the signal that gold bears were looking for.
News
Aurcana tumbles as it closes the Shafter mine
Aurcana (TSXV: AUN; OTCQX: AUNFF) is taking its Shafter silver mine in Texas immediately offline due to declining silver prices.
Continental releases drill results, stays mum on artisanal situation
While it offered no update on the contentious removal of illegal miners from its flagship property, Continental Gold (TSX: CNL) released some promising drill results from the site.
Centamin depleting reserves at Sukari
Centamin’s (TSX: CEE) recent acquisition attempt on Australian junior Ampella Mining (ASX: AMX) has been given more context with the release of the latest reserve estimate from its flagship Sukari gold mine in Egypt.
Short Position Report
TSX Short Positions Short positions outstanding at Dec. 15/13 (with changes from Nov….
Aurcana slides on suboptimal Q3 results
The third quarter wasn’t kind to Aurcana (TSXV: AUN; US-OTC: AUNFF), and the market took notice.
Teranga consolidates in Senegal
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) finally has all of the Oromin Joint Venture Group (OJVG) in Senegal to itself.
Yellowhead lines up $8M for Harper Creek
Yellowhead Mining (TSX: YMI; TSXV: YMI) has announced an $8-million convertible debt financing with Calgary-based private firm Matco Investments to continue working on its flagship Harper Creek copper–gold–silver project in southern…
Coeur commits to royalty business
In an attempt to generate a higher margin, less volatile free cash flow and diversify its metal exposure and future avenues for growth, Coeur Mining (TSX: CDM; NYSE: CDE) is acquiring privately held Global Royalty Corp., which has interests in…
Macusani hits PEA milestone in Peru
VANCOUVER — Toronto-based junior Macusani Yellowcake (TSXV: YEL; US-OTC: MCYWF) is one step closer to a production decision at its 900 sq. km uranium portfolio, which lies 180 km northwest of the city of Juliaca in southeastern Peru. On…
Detour sinks on CEO’s exit
Detour Gold’s (TSX: DGC; US-OTC: DRGDF) CEO and founder Gerald Panneton has resigned without the company providing an explanation for his sudden departure, sending shares spiralling amid speculation that it may need more funds to ramp up…
Iamgold cuts power rates in Suriname, builds solar-power project
In August Iamgold (TSX: IMG; NYSE: IAG) reached an agreement with the Republic of Suriname to cut its power rate at the Rosebel mine from 20¢ per kilowatt hour to 14¢ per kilowatt hour.