American Bonanza (TSX: BZA) released the results of a Feasiblity Study today at their 100% owned Copperstone project in Arizona. Based on a gold price of $962/oz, the internal rate of return (IRR) is said to be 96.3%. The study sets the Proven Reserves at 255,000 ounces of gold and Probable Reserves at 1,178 ounces. [...]
A 1% net smelter return royalty on production from the Atlanta gold mine, which is currently under development, has been purchased by Atlanta Gold Inc (TSX: ATG). Earlier, in 2003, a 2% royalty was granted to Canadian American Mining Company LLC when the company acquired the remaining 20% participating interest in the property from CAMC. [...]
Gold surged back above $950 an ounce in Europe on Friday as the dollar weakened versus the euro after better-than-expected European economic data. For full story, click here
Gold dipped for a second day in Asia as some investors sold the metal for cash after global equities slumped on concern the international economic recovery will falter. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News All the signals are promising for gold stocks to rise. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion [...]
Even as the current economic conditions have dripping returns from other forms of investment, Indian housewives who have been passionate enthusiasts and investors in the yellow metal are reaping the rewards. World Gold Council MD Ajay Mitra stated: The Indian housewife has turned out to be the best fund manager. Gold jewellery has been treasured, [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
By Kishori Krishnan Exclusive To Gold Investing News With friends like these, who needs enemies? Silver and gold have a new best friend amongst their midst – Ben Bernanke. His pronouncement has engineered one of the last decade’s most dramatic turnarounds, with gold price leaping nearly 60 bucks and silver joining in the melee with a [...]
Global economic crisis is making hard on gold sales and bullion markets in the United Arab Emirates and Saudi Arabia. Rising unemployment, crash in realty prices and plunging stock markets have taken the sheen out of the gold market in all the major cities across UAE and the Saudi Kingdom. For full story, click here
A brisk sales of one-ounce Royal Canadian Mint gold bars and coins at Gatewest Stamp and Coin Ltd. on Corydon Avenue is a regual affair. Regardless of economic conditions, the city has no shortage of gold bugs – people who see the precious metal as a financial medicine. For full story, click here
Wednesday, February 3, 2010