Osisko Mining Reports Higher Q3 Net Profits on Record Gold Production

Osisko Mining Corporation (OSK.TO) reported that it generated a net profit of $26.2 million ($0.07 per share) during the third quarter of 2012 versus a net profit of $9.3 million in the third quarter of 2011 ($0.02 per share). Analysts expected $0.05 per share.

Market Chatter: Oil India Eyes Stake in ConocoPhillips' Canada Oil Sands

State-run explorer Oil India is looking at buying stake in ConocoPhillips' (COP.N) oil sand assets in Canada, as well as the Gabon assets of France's Maurel et Prom, Finance Director T.K. Ananth Kumar said on Monday.

Centerra Gold shares slump on weak earnings

Centerra Gold Inc. (CG.TO) shares fell 6% today after the company reported a net loss of US$14 million or six cents per share compared with a profit of US$136 million or 58 cents per share a year ago.

Teuton options Tennyson gold-copper property in $7.5 million deal

Teuton Resources Corp. (TUO.V) today announced that it has optioned its Tennyson gold-copper property to a private company in the Hunter Dickinson Inc. group. The property is located north of Stewart in the Eskay Creek-Sulphurets-Premier region of...

US job growth ripples to Chinese copper and ore

Nothing is so salutary for the Chinese economy as growth in the United States, and nothing is so good for copper and iron ore prices as a strong Chinese economy. The recent drop in the U.S. jobless rate rippled across the world to these metals, and their exchange traded funds gained as a result.

UPDATE: Gryphon Gold Falls Sharply in the Morning; Appoints Interim CEO and Director; Shakes-Up Management

Gryphon Gold Corporation (GGN.TO) saw sharp losses in the morning trade, down 24% to 17 cents with more than 838,000 shares changing hands.

When hedge fund managers speak of “deleveraging,” buy gold (GLD)

Robert Prince, head of Bridgewater Associates, the largest hedge fund in the world, says his fund is long gold (GLD) because the global economy is in a "deleveraging" process that would take decades. But what does this really mean for traders?

Canadian Zinc Raises $2.5 Million for Exploration Expenses

Canadian Zinc Corporation (CZN.TO) edged up almost 2% to 69 cents from yesterday's 68 close, trading just 3 cents above 20-day SMA, after announcing today that it has closed its previously announced private placement of over 3 million flow-through common shares at a price of $0.75 per share for gross proceeds of $2.5 million.

Court orders world’s largest gold producer to pay $140,000 for death of miner at Belle Mine

The Perth, Australia, Magistrates Court fined Barrick Gold $140,000 Thursday for the death of miner Daniel Williams in August 2009. Williams fell into an ore chute at the underground mine of Barrick's Kanowna Belle gold mine near Kalgoorlie.

Peregrine Diamonds regains previous luster after BHP reassures firm it still is committed to Chidiak project

Peregrine Diamonds Ltd. (PGD.TO) has traded as much as 24% higher today and is currently at 75 cents a share, up 19%, after being told by BHP Billiton in recent days that the mining giant still intends to participate in Peregrine's 2012 exploration program at Chidiak on Baffin Island, Nunavut.

Commodities finish higher; crude futures rise 1.6 pct while gold ends with second consecutive gain

Commodities closed higher as crude oil futures finished with gains, while gold was helped by a weaker dollar to end atop $1,700 an ounce.

Harry Winston Diamond Corp Provides an Interim Trading Update

Harry Winston Diamond Corporation (HW.TO) announced the first two months of the third quarter have seen the jewelry and watch sales continue to increase. It said sales have been particularly strong in the US and Japan while Chinese customers represent ...

Alamos Gold Lifts Production 9 pct at Mexico Mine, Revs Climb 38 pct; Reaffirms Guidance

Alamos Gold Inc. (AGI.TO) said Q3 production at its flagship Mulatos mine in Mexico rose 9% over year-ago levels, reaching 33,000 ounces at a cash operating cost per ounce.

Silvercorp to try subpoena anonymous investors behind fraud allegations

Silvercorp Metals Inc. (SVM.TO), the China-focused miner battling short-seller allegations of impropriety, says it is teaming up with at least one other company being targeted to try to subpoena the anonymous investors behind the reports, according to the Globe and Mail.

Tawsho Mining Hits New Yr-High As Strikes Significant Gold in Newfoundland

Tawsho Mining Inc. (TAW.V) is now surging 32%, hits a new year high of about 37 cents earlier, after announcing results from its summer 2011 drill campaignon its Whisker Valley Gold Project.

Silver technical precious metals

Morning Report Silver breached 38.80 and rebounded to the upside, butSMA 50 at 39.60 stopped this incline.

Gold at record high after nearly hitting $1,800 per ounce

Gold rose Tuesday to another record high as U.S. stocks fluctuated in a narrow range and crude oil fell below the $80-a-barrel mark.

Bleak outlook for AngloGold Ashanti

AngloGold Ashanti is struggling after a big drop, and the prognosis is bleak in the eyes of one trader.

Bellhaven says drilling at La Mina project yielded new Gold-Copper intercepts

Bellhaven Copper Gold Inc. fell by about 6% to 48 cents in early Tuesday trade despite announcing that diamond drill-hole LME-1031 at the Middle Zone yielded multiple gold-copper intercepts starting at surface.

Teranga Gold Corp June quarterly report in line with expectations

Sabodala gold mine produced 32,480 ounces of gold during the quarter at total cash costs of US$879 per ounce consistent with guidance. Exploration program achieved significant ramp-up in activity with a total of 14 drill rigs currently operating.

Commodities finish higher; crude edges up, while gold ends near record territory

Commodities finished higher with crude oil erasing early losses and ending just shy of $100 a barrel. Gold futures advanced to near record territory, trading above $1,600 an ounce.

LME Doubles Daily Metal Delivery Rates Out Of Detroit Warehouses

LME Board Votes To Double Rates For Delivery Of Metal Out Of Detroit Warehouses --

Gold surges to fresh all-time high near $1595

Gold reached a fresh record high on Thursday as investors continue to seek for the metal as a refuge after Moody's placed US top-notch credit rating on review for a downgrade and hints of QE3 from the Fed. The yellow metal has also been supported by ongoing concerns over the euro zone debt crisis that deepened after Fitch downgraded Greece rating to CCC on Wednesday.

IEA's Demand Growth Outlook Conflicts with OPEC's

Crude oil prices moved with no direction with WTI and Brent contracts being capped below 100 and 120 respectively. The IEA and the OPEC delivered their 2012 oil demand forecasts for the first time while the EIA reduced its estimated for both 2011 and

Buying copper as a safe haven

Heffernan Capital Management research indicates Copper is a viable inflation hedge and will have more upside than many other commodities. Many people invest in precious metal commodities such as gold and silver but not everyone considers non-precious