Canada Strategic Reports High-grade Gold Discovery at Sakami

Canada Strategic Reports High-grade Gold Discovery at Sakami

On Monday, the company reported the discovery of a new high-grade gold zone at its Sakami project. Intersections include up to 6.86 g/t gold over 9.6 meters, including 9.49 g/t gold over 6.5 meters, in hole PT-15-87.

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Mickey Fulp: ‘We Need to Eliminate the Zombie Miners’

Mercenary Geologist Mickey Fulp wasn't able to make it to PDAC this year, but that doesn't mean he wasn't watching what went on at the conference. In this video, Fulp delivers interesting information about the finances of some companies in attendance, also touching on issues currently plaguing many major gold miners.

Brent Cook: The Most Common Mistake Investors Make

Brent Cook of Exploration Insights was certainly in demand at PDAC. However, Resource Investing News was able to snag a few minutes with him to chat about his thoughts on the gold space and what to look for in a gold company. When asked about the biggest mistake investors make when doing their due diligence on a company, Cook suggested that some rely on hope, or view the space too much as a "treasure hunt," rather than objectively assessing a company's performance.

Company News

Perseus Updates Life-of-Mine Plan for Edikan Gold Mine

Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released an updated life-of-mine plan for its Ghana-based Edikan gold mine, noting that it indicates that the mine has successfully gone through its ramp up phase.

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Company Videos

Colombian Mines’ CEO Robert Carrington Provides an Update on El Dovio and Mercedes Projects

Colombian Mines Corporation (TSXV:CMJ) CEO Robert Carrington reported developments at El Dovio and Mercedes projects in Colombia. He says, "Colombia Mines is currently expanding the permitting at El Dovio to increase the area that we can drill from and better interpret and expand the potential resources there. We're also working on a hydrologic survey at our Mercedes project that will see us get the water permits we need so we'll be able to drill that later in 2015."

Orezone Gold CEO Ron Little Talks Gold in Burkina Faso

Orezone Gold Corporation (TSX:ORE) CEO Ron Little spoke to the Investing News Network at the 2015 PDAC conference in Toronto about the Bomboré Gold Project in Burkina Faso, West Africa: "we are currently finishing a feasibility, it should be wrapped up by the end of March, [sic] file the document in April, and spend the rest of this year trying to finance and building the project."

Market News

Gold Price Rises on US Industrial Output Figures

A 0.6-percent decline in US industrial output diminished the dollar's worth against world currencies and sent the gold price up 0.2 percent, to $1,195.51 an ounce.

Gold Price Dips to $1,193.36 After Retail Sales Data

Weaker-than-expected sales data released by the US Department of Commerce reinvigorated investor interest in safe-haven commodities like gold, but the metal still fell 0.4 percent on Tuesday to hit $1,193.36 per ounce.

Euro Gold Prices Have Second-Best Weekly Close in Two-Year High

Shanghai Metals Market reported that euro gold prices had their second-best weekly close in two years on Friday, rising 3.9 percent prior to Easter weekend as the single currency sank and spot gold jumped back above $1200 per ounce in dollar terms.

Thomson Reuters GFMS Sees Gold at $1,170 in 2015

Thomson Reuters GFMS said in its recently released GFMS Gold Survey 2015 that under its base-case forecast it sees gold averaging $1,170 per ounce in 2015.

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