Gold Investing News

Agnico Eagle Mines Acquires Urastar Gold Corp

Heather Wright — Fri, 17 May 2013 11:56:28 +0000

Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) announced that they have acquired Urastar Gold Corp. (TSXV:URS, OTCQX:URNRF).

Currency Behaviour Spikes Surge in Physical Gold Demand

Heather Wright — Fri, 17 May 2013 11:50:59 +0000

Mining Weekly reported that the demand for physical gold in Asian particularly is sky rocketing, propelled up by weaker currencies.

Strong US Dollar Hurting Gold

Andrew Topf — Thu, 16 May 2013 23:45:26 +0000

Healthy US retail sales figures boosted the US dollar this week and dragged gold down.

Japan and the Gold Price

Marcus Holland — Thu, 16 May 2013 23:40:36 +0000

Japanese investors are selling yen to purchase foreign bonds, which is pushing up the value of the dollar and lowering the price of gold.

Corvus Gold Secures Electricity at North Bullfrog Project

Gretchen Cruz — Thu, 16 May 2013 21:19:45 +0000

Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) announces it has secured electrical power for the North Bullfrog Project near Beatty, Nevada.

Yellowhead Mining Completes Winter Drill Program at Harper Creek

Gretchen Cruz — Thu, 16 May 2013 16:50:57 +0000

Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) announced results from the completed winter drill program on its Harper Creek property. Highlights include 0.39% Cu over 108.77m commencing at a depth of 237.42m intersected in Hole HC13-161. As quoted in the press release: These results continue to confirm the block model prediction of grades while tightening up the drill [...]

TomaGold to Commence Drilling on Winchester

Gretchen Cruz — Thu, 16 May 2013 16:33:58 +0000

TomaGold Corporation (TSXV:LOT) announced that it will commence a 2,000-metre drilling program in late May on its Winchester property, immediately south-southwest of the Monster Lake property near Quebec's Chibougamau mining camp.

NSX Silver Announces Results from Dios Padre Project

Gretchen Cruz — Thu, 16 May 2013 15:55:33 +0000

NSX Silver Inc. (TSXV:NSY) announced initial results from the Santa Rosalita and La Prieta zones on its Dios Padre Project. Highlights include 352 grams per tonne silver and 9.4 grams per tonne gold.

Orefinders Resources Intersects High-grade Gold Zones at Mirado Gold Project in Ontario

Pia Rivera — Thu, 16 May 2013 13:34:55 +0000

Orefinders Resources Inc. (TSXV:ORX) announced additional high grade gold results from six more drill holes from its phase II diamond drilling program at the Mirado Gold Project in Kirkland Lake, Ontario. Results included hole MD13-19 which intersected 32.54* g/t Au (uncut) over 5.90 meters of consistent bonanza grade mineralization within an interval of 14.50 meters at an average cut grade of 8.10 g/t Au.

Gold Dips to One-Month Low, On Track for Most Extended Downturn Since 2009

Heather Wright — Thu, 16 May 2013 11:48:46 +0000

Reuters reported that gold is continuing its descent and is nearing a one-month low, while heading towards the largest downturn since 2009.