Category: Commodities
First Majestic slashed 10% in grim day for silver sector
First Majestic Silver Corp shed most on the day and industry bellwethers Silver Wheaton and Pan American Silver both hit 52-week lows.
Semafo joins 1.5 million oz club; Q1 profits up 54%
Montreal-based Semafo (TSX:SMF) had a good first quarter, producing and selling more gold than in the same time frame last year.
Harmony Gold Mining shares enter oversold territory
In trading on Tuesday, shares of Harmony Gold Mining Co. Ltd. (NYSE: HMY) entered into oversold territory, changing hands as low as $8.66 per share.
Gold falls as Greek woes lift US dollar
Gold fell today as generally positive euro zone GDP data failed to soothe jittery investors.
Northern Dynasty confirms $107 million work program to prepare Pebble Project for permitting in 2012
Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (TSX: NDM; NYSE Amex: NAK) announces that the Board of Directors of Pebble Mines Corp., the general partner of the Pebble Limited Partnership (the “Pebble Partnership” or “PLP”) has approved a budget of approximately US $107 million to advance the Pebble Project in 2012, with the objective of readying PLP to initiate permitting under the National Environmental Policy Act (NEPA) toward the end of the year.
Drilling at Rambler, Newfoundland confirms gold mineralization
Terry Coughlan, President and CEO of GoGold Resources Inc., (“GoGold”) (TSXV: GGD) is pleased to announce results from drilling at the Main Mine deposit at GoGold’s Rambler property in Newfoundland Canada.
Sinopec to tap into shale gas market and rescue China from growing gas shortfall
Sinopec Group, China’s second biggest oil and gas producer, announced it has launched its first shale gas project, expecting to produce 300 to 500 million cubic metres a year by the end of 2012, said the conglomerate on Tuesday.
Gold explorer International Tower Hill Mines parts ways with CEO
The gold miner says it has started looking for a new CEO to replace James Komadina who has resigned for personal reasons.
Is Mexico set to become a gold superpower?
Mexico, the world’s largest silver producer, is expected to become the next source of “mega” gold projects as experts predict its bullion production will increase considerably in the next five years.
Junior company hoping to extend Kalgoorlie’s Golden Mile
The heartland for gold mining in Australia – Kalgoorlie’s Golden Mile – will have the southern extension revisited after decades on inaction.
