In spite of the steady climb in gold’s spot price since the beginning of 2011, the overall share price of gold mining companies has not followed suit, particularly in the majors. Gold is up about 4.6 percent since January while gold mining stock indexes have shown a drop of as much as 10 percent.
Articles Tagged "shares"
Sheltered Oak Resources Corp has announced that it has purchased the rights to Sage Gold Inc’s interests in the Larder Lake Mining District in Kerrs Township in the Abitibi Greenstone Belt of Ontario. Sage will receive 2 million common shares of Sheltered Oak Resources and $5 million in cash. Sage will also receive a 2% [...]
Canadian-based mineral exploration and development company Premier Gold Mines (TSX: PG) has teamed up with Jones, Gable & Company Limited and placed its shares at $3.65. Premier plans to use the gross proceeds from the sale of the shares for exploration programs to be conducted on the Hardrock project, Red Lake projects and PQ North [...]
Vancouver’s Goldcorp Inc. surged its stake in Quebec-based Osisko Mining Corp. through a $67.4 million investment in Osisko shares and warrants. For full story, click here
Harmony Gold Mining is trading 0.9% lower today on volume of 332,260 shares. The stock has traded within a 52-week range of $5.47 and $13.25. For full story, click here
Touradji Capital Management LP, the $2.7 billion hedge-fund firm founded by Paul Toradji, bought shares of a gold exchange-traded fund in the second quarter and sold stock in EnCana Corp. and other energy companies. For full story, click here
Barrick Gold Corp. declared a stronger-than-expected quarterly net profit on Thursday, giving its shares a boost, while the company’s chief executive forecast lower mining costs in the quarters ahead. For full story, click here
Vista Gold is trading 2.4% lower today on volume of 90,464 shares. The stock has traded within a 52-week range of $0.77 and $3.90. For full story, click here
Apollo Gold declared that it has surged $11.6 million U.S. through the private sale of shares. For full story, click here
Tyhee Development Corp. has amended the terms of its private placement with a syndicate of agents, led by Loewen, Ondaatje, McCutcheon Limited and including Fraser Mackenzie Limited, to surge on a best efforts private placement basis up to $2.655 million through the issue of up to $600,000 of flow- through common shares at a price [...]