February 8, 2012

Silvercorp reports revenue of $61.9 million and operating cash flow of $31.6 million in the 3rd quarter of fiscal 2012

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 ("Q3 2012"). The following financial results…

February 8, 2012

San Gold Announces 84 Vein Drilling Results

San Gold Corporation CA:SGR -2.21%(otcqx:SGRCF) today announced the results of drilling in the 84 Vein of the Rice Lake Mining Complex in Manitoba, Canada.

February 8, 2012

Great Basin Gold misses production targets: Wednesday Market Roundup

Wednesday market sentiment was jittered by the never-ending Greek debt negotiations story. Main indices recovered some of the ground lost earlier in the morning but some of them were still…

February 8, 2012

Pershimco Resources Inc Announces CAD20,000,000 Bought Deal Financing

Pershimco Resources Inc. (TSX VENTURE:PRO)(FRANKFURT:BIZ) ("Pershimco" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate co-led by Clarus Securities Inc. and GMP…

February 8, 2012

Dia Bras Exploration Approves its Largest Exploration Budget Programme at the Yauricocha Mine in Peru

Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras") (the "Company") is pleased to announce its expanded 2012 exploration programme at the Yauricocha mine in Peru. TORONTO, ONTARIO--(Marketwire - Feb. 8,…

February 8, 2012

Over the hedge: Yukon-Nevada signs $20 million deal with Deutsche Bank at $716/oz

Yukon-Nevada Gold Corp. (TSX: YNG) on Wednesday announced a forward gold purchase agreement with Deutsche Bank's London office for $20 million. Yukon Nevada says it will deliver 27,950 ounces of…

February 8, 2012

Goldcorp chairman denies implication in insider trading scheme

Ian Telfer, one of Canada’s most well-known mining executives and chairman of Goldcorp Inc. (TSE:G), denied yesterday’s Ontario Securities Commission (OSC) allegations that connect him with an alleged illegal insider-trading…

February 8, 2012

Massive rise in China gold imports in 2011 – policy controlling the price

China continues to see rising gold consumption with a virtual tripling of gold imports through Hong Kong in 2011, but demand in December appears to have stuttered ahead of the…

February 8, 2012

Expansionary central bank monetary policy to propel gold

According to David Levenstein, the continued printing of money at unprescedented rates will lead to currency debasement and should boost precious metal prices.

February 8, 2012

Eurasian Minerals and Bullion Monarch Mining Enter Into Merger Agreement

Eurasian Minerals Inc. (TSX VENTURE:EMX)(NYSE Amex:EMXX) ("EMX") and Bullion Monarch Mining, Inc. (OTCQB:BULM)(FRANKFURT:BMJ) ("BULM") are pleased to announce that they have entered into a definitive agreement (the "Agreement") with respect…