June 24, 2011

Golden Minerals to buy ECU in $309m reverse merger

Golden Minerals Co said it will buy Canada's ECU Silver Mining in a reverse merger for about C$302.5 million ($309.1 million) in stock and cash, to form a new silver…

June 24, 2011

Precious metals hurt by oil reserve release

IBTimes reports that the release of reserve oil caused commodity prices to drop across the board with the greatest toll affecting the precious metals markets.

June 24, 2011

Nyrstar formally commences $619mn bid for Breakwater Resources

As Nyrstar Resources Canada formally commenced its bid for Breakwater Resources, Breakwater's board declared a special dividend of C$0.50 for its shareholders.

June 24, 2011

Dynacor Gold Mines has best month of production in company’s history

Dynacor Gold Mines Inc. (TSX:DNG) is pleased to provide a second quarter operations update. In the month of May, Dynacor produced from its custom milling plant a historic best of…

June 24, 2011

Western Copper to spin out assets into three public companies

Western Copper Corporation (TSX:WRN)(NYSE Amex:WRN) announced that its Board of Directors has unanimously approved a proposal to undertake a spin-out transaction that would reorganize the business and capital structure of…

June 24, 2011

‘US economy could be one of the big surprises in H2’ 2011 – SocGen

In its latest Quarterly Commodities Review, Société Générale takes the view that , at a "time of significant doubt for the outlook for the global economy" the recovery is sustainable…

June 23, 2011

Commodities fall most in seven weeks

Bloomberg reports that commodities dropped the most in seven weeks after the International Energy Agency announced plans to release emergency oil supplies.Gold for August delivery fell 2.4 percent to $1,516.60…

June 23, 2011

Gold and silver’s daily market commentary

The gold price closed in New York at the $1,552 but fell in Asia back to $1,547, before fixing at $1,546.00 and in the euro at €1,074.36. It then picked…

June 22, 2011

Goldrea Enters Into an Agreement to Purchase Wigwam Magnetite Prospect

Larry W. Reaugh, President & C.E.O. of Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") is pleased to report the company has entered into an agreement to purchase…

June 22, 2011

Sulliden Announces Further Positive Drilling Results-Intersects 1.42 g/t Gold over 86 Metres and 1.75 g/t Gold over 58.5 Metres

Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX:SUE)(OTCQX:SDDDF) is pleased to announce continued positive exploration results for six new drill holes from the ongoing 70,000 metre drilling program being…