A new 5-percent mining royalty tax, making its way through Mexico's branches of government, is attracting a fair share of criticism.
"Half science, half art, half luck," is how Brent Cook describes a geologist's work in distinguishing an anomaly from a deposit.
Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Japanese investors are selling yen to purchase foreign bonds, which is pushing up the value of the dollar and lowering the price of gold.
Noram Ventures Inc. (TSXV:NRM) has signed a Letter of Intent to enter into an option agreement with provisions to acquire a 100% interest in the Amazing Grace property in southeast British Columbia. The Property is a total of 4,918 hectares, consisting of 17 claims, located approximately 12km southeast of the city of Castlegar in the Nelson and Trail Mining Divisions. The primary target is gold in quartz veins, but the potential for other commodities and mineralization types includes: base metals in a volcanogenic massive sulphide setting, copper-tungsten, and palladium in mafic intrusions.
Seabridge Gold (TSX:SEA,NYSE:SA)announced that exploration drilling is underway at its KSM project in Northwestern B.C.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced voting results from the annual and special meeting of shareholders held on May 21st, 2013, and J. Alberto Arias, John Frostiak, David Garofalo, Greg Hall, Mel Leiderman, Claudio Mancuso, Douglas Reeson, and John S.M. Turner were elected as directors of the Company.
TomaGold Corporation (TSXV:LOT) announced the acquisition of a 100% interest in the Lac Cavan property, consisting of 66 claims covering 3,670 hectares just west of Chapais, from 2736-1179 Quebec Inc.
Mines Management (TSX:MGT) Chairman and CEO Glenn Dobbs spoke to Resource Investing News about the Montanore Project near the town of Libby in Montana.
Northern Freegold (TSXV:NFR) CEO John Burges spoke with the Investing News Network during PDAC in Toronto about the company's first Preliminary Economic Assessment. On his advice to investors in these difficult markets he says "you should really be looking at companies with assets".
Parkside Resources Corporation (TSXV:PKS) CFO, Richard Goldman, spoke with the Investing News Network during PDAC in Toronto on searching for gold in Ontario.
Unigold Inc. (TSXV:UGD) President & CEO Andrew Cheatle spoke with the Investing News Network during PDAC 2013 in Toronto, about gold exploration in the Dominican Republic. Mr.Cheatle discussed significant advances in the country over the past few years and the formation of a new gold trend in the western part of the country.
Reuters reported that gold rallied slightly on Wednesday, given a boost by solid Chinese demand and by a dollar weakened over concerns from investors about U.S. Federal stimulus.
Gold continued its decline May 21 as the U.S. dollar strengthened and speculation that the U.S. Federal Reserve may reduce its stimulus program rises.
Reuters reported that gold climbed modestly on Tuesday, but is still suffering from a shift in investor sentiment towards equities.
Reuters reported that spot gold reached a low of $1,338.95 per ounce this morning, its lowest price since April 16, pushed down by speculation that the Fed will dial back its economic stimulus program. However, it later rose up to $1,363.40.