Skyline Gold Corporation (CVE:SK) announced that it is increasing a non-brokered private placements previously announced on August 16, 2010, subject to TSX final approval.
Sabina Gold & Silver Corp (CVE:SBB) announced further significant results from drilling at its new Llama Lake, Umwelt Lake and Echo discoveries at the Goose Lake property on its 100% owned Back River project in Nunavut, Canada.
Many bullish analysts point to plenty of support for higher prices coming from safe-haven concerns. It’s these concerns, rather than pure supply/demand fundamentals, that have brought prices 13 percent higher in 2010, which gives many an eternal pessimist reason to warn the gold market may be experiencing a bubble waiting to burst.
Avino Silver and Gold Mines Ltd. (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) reported that milling operations commenced on May 22, 2010, with the treatment of stockpiled ET copper ore from the main Avino vein from past mining.
A late morning $20 bounce put a smile on every gold bug’s face, and by mid-day the precious metal had shot above $1240 an ounce, hitting a high of $1246.20 late in the day. Prices backed off a bit to close at $1241.30 an ounce on the COMEX.
After hitting record highs of $1249 an ounce last week, gold has lost much of its May luster the past few days, dropping as low as $1174 an ounce in New York Thursday morning. While traditionally one would expect the precious metal to be trading up in such an environment, uncertainty across all markets remains high.
Kootenay Gold and Arctic Hunter Uranium report results of a surface grab sampling program from the Santa Lucia gold and silver project in Sonora, Mexico. These results complement previous sampling from the Central zone which showed comparable results indicating the potential for bonanza grade gold and silver mineralization. Jim McDonald, CEO of Kootenay Gold and Tim Coupland, CEO [...]
After hitting an all-time record high, the price of gold edged back down Thursday. Precious metals analysts are blowing off the break as little more than a bit of profit-taking or a short breather before gold prices continue their upward climb on fear and uncertainty in the markets, which has been pushing investors into safe-haven assets.
Helio Resource Corp. [TSX-V:HRC] reports the latest results from the 2010 diamond drill program at the SMP Gold Project in the Lupa Goldfields, Tanzania.
Increased mergers and acquisitions (M&A) activity is expected to be a big driver of gains in junior gold mining shares.
Monday, August 23, 2010