September 23, 2011

Gold premium over platinum seen rising to record: commodities

Gold cost 3.1 percent more than platinum in London yesterday, compared with an average discount of 39 percent over the past decade, data compiled by Bloomberg show. The metal may…

September 23, 2011

Gold companies merge into McEwen Mining

Canadian Press reported Thursday on the merger of US Gold Corp. (TSX:UXG) and Minera Andes Inc. (TSX:MAI) to form a new corporate entity called McEwen Mining.

September 23, 2011

Helio discovers 1K strike length gold in Tanzania

Helia Resource Corp (TSX-V:HRC) has unearthed a one-kilometre strike zone at its SMP gold project in Tanzania. While artisinal mining has focused on narrow vein surface outcroppings, some containing assays…

September 22, 2011

Precious metals ‘shot to pieces’ as losses continue to mount

Gold failed to capitalize on the stock market rout and December futures tumbled 4% or $74/oz to $1,734/oz by early Thursday afternoon as the Fed warned of "significant downside risks"…

September 22, 2011

Rusoro gives update on new Venezuela gold law

Rusoro Mining Ltd. CA:RML 0.00% ("Rusoro" or "the Company") reports the following:On August 23, 2011, President of Venezuela Hugo Chavez Frias approved a decree with force of organic law ("the…

September 22, 2011

Frontline Gold starts 2011 diamond drill program on the Poly Project in the Stewart Gold Camp, NW BC

Frontline Gold Corporation (TSX VENTURE:FGC) ("Frontline" or the "Company") is pleased to announce the commencement of the 2011 diamond drill program on the Poly Project in the Stewart Gold Camp…

September 22, 2011

Franco-Nevada to acquire Lumina Royalty Corp. for $66 million

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Franco-Nevada Corporation (TSX:FNV)(NYSE:FNV) ("Franco-Nevada") and Lumina Royalty Corp. ("Lumina Royalty") have entered into an arrangement agreement whereby Franco-Nevada will acquire all of the…

September 22, 2011

World markets are in the red

World markets tumbled overnight as bad news mounts and investors turn pessimistic. The Hang Seng fell 4.95%, the S&P ASX was down 2.63% and the Shanghai composite index is down…

September 22, 2011

Dynasty Gold mobilized drill rig to Golden Repeat property in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to report that DeLong Construction, Inc. has been engaged to perform…

September 22, 2011

BMO launches gold deposit program that makes it simple for Canadians to purchase and hold physical gold bullion

BMO Financial Group is making it simple for Canadians to purchase and hold physical gold bullion. With the launch of BMO's Gold Deposit Program, clients will be able to purchase…