Copper Fox Metals Inc (TSX-V: CUU) intends to privately raise C$2,000,000 in funds in a bid to to complete the feasibility study of the Schaft Creek deposit. The Offering is expected to consist of 23,188,406 units at a purchase price of $0.08625 per unit, for aggregate gross proceeds of $2,000,000. Each unit consists of one [...]
Large scale hoarding of by China may have been partly accountable for the near tripling in prices of the yellow metal in the past six years. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Though 2009 is slated to be another challenging year for gold, most gold producing companies are securely placed to benefit from gold’s continued strength. Take the case of Randgold Resources Ltd, (NASDAQ:GOLD, LON:RRS) the owner of gold mines in West Africa, which has announced upgrades. The company [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold for April delivery, the most actively trading contract, ended at $942.50 on the Comex division of the New York Mercantile Exchange on Friday. The metal surpassed $1,000 an ounce the previous Friday, but last it has lost $60. The contract rose 7.4 per cent this month. [...]
By Kishori Krishnan Exclusive to Gold Investing News A slight drop in prices is a good time to shore up. Last Friday, gold futures surged above $1,000, the highest level since last March. This week though, gold slipped back. But worries about long-term inflation caused by the massive U.S. stimulus package may push it up [...]
Gold exchange-traded funds (ETFs) are witnessing a sharp spurt in volumes as investors, hurt by steep losses in stock portfolios, bet on the yellow metal trading near record levels. Rajan Mehta, executive director at Benchmark Asset Management, said: Gold moves in a different direction than equities. It’s an ideal addition to the portfolio of investors, [...]
By Kishori Krishnan Exclusive To Gold Investing News Investors are a worried lot these days. Given that inflation is expected to rise due to the large amounts of money being pumped into the global economy by central banks and governments to boost growth and confidence, the worry lines have just got deeper. The U.S. has [...]
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing its Serra Pelada gold, platinum and palladium project.
Red Metal Resources Ltd. is pleased to announce that it has signed a letter of intent to purchase a 100% interest in the Irene property from Minera Farellon Ltda. For full story, click here
The relationship between precious metals and the greenback could be dislocated in the short run due to safe-haven investment flows. Manqoba Madinane a commodity analyst at Standard Bank Group Ltd. said: Precious metals could encourage investment-fund flows even if the dollar strengthens more. For full story, click here
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