IAMGOLD Corporation reports its lock-up agreement for 1,422,961 shares of Euro Ressources. The lock-up agreement has been entered into with Exford Investment LP (“Exford”), a limited partnership, led by Birkenshaw & Company Ltd. Under the lock-up agreement, which includes standard representations and termination provisions, Exford has agreed to tender its Euro common shares to IAMGOLD’s tender offer. [...]
By Dave Brown – Exclusive to Gold Investing News On Friday, the U.S. Labor Department released figures indicating that payroll records fell by 159,000 in September, the biggest decline in five years. The unemployment rate remained constant at 6.1 per cent, which had already appreciated from April’s levels of 5 per cent. As if they [...]
Marketwatch reports gold futures climbed $70 an ounce today as the biggest gain in 2 decades. Gold for December delivery ended the day up 9% at $850.50 an ounce on the Comex division of the New York Mercantile Exchange. That represents gold’s biggest one-day jump in dollar terms since at least 1980, the earliest year [...]
Shoshone Silver Mining Company reports it has agreed to sell its California Creek claims located near Elko, Nevada to Bayswater Uranium Corporation, Vancouver, BC. Upon completion and approval of this agreement by the TSX Venture Exchange, Shoshone Silver Mining Company will receive 200,000 shares of Bayswater common stock. Shoshone Silver Mining’s President, Lex Smith states: “Shoshone’s sale [...]
The Economic Times(India) reports an increase in demand for gold with the upcoming festivals. Gold demand rose as retail investors rushed to buy the precious metal attracted by the recent fall in prices and festival demand, dealers said. The next major Hindu festivals are Dussera and Diwali in October, when a lot of consumers buy gold [...]
Uruguay Mineral Exploration reports encouraging exploration drill results for Arenal Deep and Nueva Australia, Southern Uruguay. The intercepts in this hole are the best reported to date from the deep drill program and represent consistent grades above 2.5 g/t. David Fowler, Chief Executive Officer of Uruguay Minerals’ comments: “We continue to see encouraging results from the [...]
Wednesday, October 8, 2008