The bullish case for gold continues. Lots of new drilling results out this morning, including a few new discoveries. We highlight exploration news from Nexus, Galway, Amex, QMX and Eclipse. There is another round of new financings out on the market as well.
Read MoreGold continues to be rejected at $1800 futures basis. We have a plethora of drill results out this morning, including updates from O3, Genesis, GR Silver, Pure Gold Mining and Erdene. Integra aims to trade on the NYSE. EMX acquires more royalty properties.
Read MoreThe Fed announcement yesterday made gold move. Great Bear Resources has more drill results out this morning from the LP Fault at the Dixie Project in Red Lake district of Ontario. First Majestic Silver announced it has agree to acquire from First Mining Gold Corp a stream on 50% of payable silver produced from the Springpole Gold Project. Capstone Mining announced the results of an updated mineral resource estimate for the Cozamin Mine in Zacatecas, Mexico. Silvercorp Metals announced it elected not to exercise its “right to match” the Superior Proposal for Guyana Goldfields. Crystal Lake to change its name.
Read MoreNighthawk Gold shared some drill results from its Treasure Island Gold Project, located 11 km north of the Company's flagship Colomac Gold Project within the northern portion of its 100% owned Indin Lake Gold Property, in Northwest Territories of Canada. Tinka Resources also shared assay results this morning. These results come from the company’s Ayawilca project in Peru. Prophecy Development Corp announced it is undertaking a non-brokered private placement involving the issuance of 10 million Common Shares of the company at a price of $.40 per share to raise a total of $4-million. Mundoro Capital announced yesterday it has entered into an earn-in agreement with Vale Canada, in which Mundoro has granted to Vale an option to earn-in to four of Mundoro’s exploration licenses located within the Timok Magmatic Complex.
Read MoreThe price of gold leaped back over both $1500 and the 50 day moving average on Wednesday. Sun Metals reported multiple intercepts from drilling in the 421 zone at its Stardust project in northcentral British Columbia today. Premier Gold and Centerra Gold announced results of an updated mineral resource estimate for the Hardrock deposit. Corvus Gold announced it has entered into an agreement with BMO Capital Markets, as sole underwriter, under which BMO Capital Markets has agreed to buy on a bought deal basis 10,000,000 common shares of the Company. Contact Gold released results from Green Springs from four RC drill holes that were in dry storage. Fortuna Silver closed a $40 million convertible bond financing.
Read MorePremier Gold shared an update from its 42,000 meter drilling program at the Mercedes Mine in Sonora, Mexico. Marathon Gold also had new drill results to share this morning. IAMGOLD also had drill results to share from the Karita project in Guinea. An update from the Cobalt 27 Acquisition arrangement. And new executive leadership for Crystal Lake Mining.
Read More