Sutter Gold Mining Inc. (TSXV:SGM,OTCQX:SGMNF) yesterday announced plans to put its California-based Lincoln mine project on care and maintenance.
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The gold standard is often mentioned, but rarely explained. Here's a brief overview of its history and possible future.
This morning, as tensions in Ukraine receded, gold fell 1.3 percent, or $17.34, to $1,333.50 an ounce. Meanwhile, US gold futures for April delivery were down $16.70 an ounce, to $1,333.50.
Today, gold fell 0.2 percent, or $2.67, to $1,334.80 an ounce; meanwhile, US gold futures for April delivery dropped $2.70, to $1,335.10.
Premium Exploration Inc. (TSXV:PEM) announced further assay results from a vertical step-out hole completed in the deep zone of its Idaho-based Friday gold deposit. The hole was aimed at drilling the deposit's upper and lower gold zones.
This morning, gold fell 0.2 percent, or $2.64, to $1,318.40 an ounce. Meanwhile, US gold futures fell 0.5 percent, or $6.59, to $1,318.40.
Rye Patch Gold Corp. (TSXV:RPM,OTCQX:RPMGC) announced its 2014 budget and exploration programs, commenting that it has allocated US$3.8 million to exploration and drilling programs along the Nevada-based Oreana and Cortez trends.
Teras Resources Inc. (TSXV:TRA) announced that it has engaged National Drilling Company to continue developing its Cahuilla gold-silver project, located in California. This week, National will start testing a linear west-northwest trending, high-grade precious metal zone.
Gold achieved its most significant one-day gain in three weeks today, rising 1.3 percent to hit $1,290.69 per ounce. Earlier in the day, it rose to 1,293.44, its highest price since November.
Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) announced plans to purchase the Nevada-based Marigold gold mine from subsidiaries of Goldcorp Inc. (TSX:G,NYSE:GG) and Barrick Gold Corp. (TSX:ABX,NYSE:ABX) for $275 million.