August 2, 2012

Tyhee announces closing of additional tranche non-brokered private placement

The company issued 4,000,000 units at a price of $0.09 for gross proceeds of $360,000. Together with the previous placement on April 17, 2012, 19,719,209 units were sold for aggregate…

August 2, 2012

Sienna Gold Inc.: continued success at Callanquitas: 12.7 meters at 5.1 grams per tonne gold and 1163 g/t silver

The company's claim comes after drill results such as their drill hole CA-12-55 which unearthed 5.1 g/t gold and 1163 g/t silver at 12.7 meters.

August 1, 2012

Miners will head to Newfoundland or Ontario if Quebec increases royalty rates: KPMG

A study of Quebec's royalty rates for miners, which was hurried out before the provincial election, warned the government not to dip its hand any deeper into resource company pockets.

August 1, 2012

Dilution ahoy! Nautilus offers major investors new shares for less than 52-week low

Nautilus Minerals dropped 7.3% to $1.02 in late-afternoon trade on Wednesday, after the Toronto-based firm announced that it is raising $34 million from its major shareholders at 90c a share…

August 1, 2012

Make money in gold with prospect-generator and royalty companies

Adrian Day, principal of Adrian Day Asset Management, which manages portfolios for high-net-worth clients, believes that it is time for the gold pendulum to swing away from the excessive pessimism…

August 1, 2012

What moves gold stocks?

Gold and precious metals stocks are certainly affected by the price of the underlying commodity, but the most important catalysts that move prices revolve around resource assessments and production schedules.

August 1, 2012

BHP’s performance on the ground fails to lift shares off 3-year lows

The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80…

August 1, 2012

Gold and QE3: World’s largest money manager sees ‘cult of inflation’ lasting a ‘few years even decades’

"The cult of equity may be dying, but the cult of inflation may only have just begun."

August 1, 2012

Fresnillo’s gold sales outshine silver

The company is sticking to plans to spend $680 million this year including ramping up production at its Noche Buena mine. The firm has five operating mines and this year…

August 1, 2012

Barrick stock falters after S&P downgrades over Pascua-Lama ‘execution risks’

Barrick announced last week  a 50-60% cost blow-out for the copper-gold-silver  project straddling the Chile–Argentina border which could end up with a final bill of as much as $8 billion…