October 27, 2011

Platinum undervalued but could reach $2,000 by end 2012

After the sell-off in Gold and Platinum in 2008, both precious metals rebounded strongly from the October 2008 low by about 100% with platinum leading the way until early August…

October 25, 2011

Bear Flag Failure

The week was a wild one with lots of choppy action in the indices as was to be expected as bases build here nicely.

October 24, 2011

Manitoba’s Gossan Resources investing in Greece, undertaking private placement

Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities…

October 23, 2011

Precious Metals Report: Gold still trading at US$130 premium over platinum

UAE. The Finance ministers of the Eurozone have recommended and agreed the next Tranche of €8 billion for Greece, subject to approval of the IMF. The summit of the Eurozone…

October 21, 2011

Push for South Africa mine nationalization coming to a head next week with ‘mass action’ marches

It is vital for the South African government to step up and take a bigger stake in the mining industry, a top economic advisor told those attending a Mining for…

October 20, 2011

Safe haven status gone, gold tests $1,600 after four straight days of losses

Gold for December delivery had shed $40 or more than 2% by lunchtime coming close to breaching the $1,600/oz level in New York before before regaining some ground to trade…

October 19, 2011

Platinum Underwriters Holdings, Ltd. reports third quarter 2011 financial results

HAMILTON, Bermuda, Oct. 18, 2011 /PRNewswire via COMTEX/ -- Platinum Underwriters Holdings, Ltd. PTP +2.18% today reported a net loss of $53.5 million and a loss per common share of…

October 18, 2011

Down 20% in 7 weeks, platinum has further to fall

Commodity Online reports platinum group metals miners may be hit by the rapid growth in the number of electric cars on the road that do not need catalytic converters. In…

October 18, 2011

Wallbridge Mining commissions the Broken Hammer feasibility study

Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that it has retained the services of Wardrop, A Tetra Tech Company ("Tetra Tech") and…

October 17, 2011

North Bay Resources Inc. (NBRI) agrees to JV on Fraser River platinum project

North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Devlin's Bench Mining Ltd and…