Bravo Gold Corp (TSXV:BVG) announced closing the first tranche of its non-brokered private placement by issuing 10, 835, 285 flow through units. This transaction will generate gross proceeds of approx $758,469.95.
Yukon-Nevada Gold Corp. (TSX:YNG) announced an update to progress at the Nevada-based Jerritt Canyon mine.
A25 Gold Producers Corp. (FWB:ALQN) announced its soil geochemical sampling program on the A25 extension properties is now complete.
CNBC News reported that gold has lost 19% since September and is headed to a quarterly loss.
MarketWatch reported that investors won’t be discouraged by China’s tightening hold on the gold market.
Bloomberg reported that gold prices rallied following over a week of losses.
IBTimes reported that the gains gold enjoyed in 2011 are quickly vanishing as prices fall.
Southern Arc Minerals (TSXV:SA,OTCQX:SOACF) announced modifications to its exploration plans at the West Lombok project.
Northern Freegold Resources Ltd. (TSXV:NFR,OTCBB:NFRGF,FWB:8NG) announced drilling results from the Yukon-based Freegold Mountain Project.
Bloomberg reported that investors including George Soros are cutting their gold holdings and predicting a bear market for gold.
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