June 22, 2011

Colibri reports more drill results at Ramard; 311 grams per tonne silver, 2% lead, and 3.4% zinc between 37 and 38 meters depth, plus multiple intervals of silver-lead-zinc.

Colibri Resource Corporation reports final results from a 2400 meter drill program at the Ramard silver project, in Sonora, Mexico. The Ramard property consists of over 4000 hectares of mineral…

June 22, 2011

Gold price above $2,000 or below $1,000 unsustainable – BofA

BofA Merrill Lynch said an investment demand required to sustain gold prices in a range of $1,500-2,000 per ounce could be feasible in the next five years. The brokerage believes…

June 21, 2011

Market volatility ahead as Greek decision looms

Asia ended its day in the region of $1,541.80 Greek Parliament’s vote of confidence today. In the euro it was sitting at €1,075.85 ahead of London’s opening. The euro is…

June 21, 2011

B2Gold reports heavy rains and flooding at the Limon Mine in Nicaragua, resulting in a temporary shutdown of the underground workings

B2Gold Corp. reports a temporary shutdown of the underground workings at the Limon Mine in Nicaragua due to on-going rescue attempt of a missing worker during heavy rains and mine…

June 21, 2011

United Silver Corp. (TSX:USC) announces appointment of interim president and chief executive officer

United Silver announced today that Mr. Graham M. (Chip) Clark, Jr., currently Chairman of the Company, has accepted the appointment as interim President and Chief Executive Officer of United Silver…

June 21, 2011

China: huge increase in gold and silver coin minting to meet demand

According to a report by Chinese news agency Xinhua, China has been sharply increasing its output of gold and silver coins to meet seemingly ever-increasing popular demand for precious metals…

June 20, 2011

Should I Stay or Should I Go Now?

The sweet Clash song “Should I Stay Or Should I Go?” seems to be the song most suited for the Greek situation right now. France and Germany are bailing them…

June 20, 2011

Silver Institute endorses production cost standard for silver mining companies

The Silver Institute has reviewed the Gold Institute’s Production Cost Standard to determine its use and adoption by the silver industry. Through the formation of a committee mostly comprised of…

June 20, 2011

China ‘Panda’ing to ever increasing public gold and silver demand

As yet another confirmation of the ever growing public investment demand for precious metals in China, the Peoples Bank of China has announced it is very substantially increasing its issuance…

June 20, 2011

Pitchstone finalizes summer Athabasca drilling plans

Pitchstone Exploration Ltd. ("Pitchstone") has finalized plans for summer exploration activities in the eastern Athabasca Basin, Saskatchewan. Work will include 2,250 meters of diamond drilling at Gumboot and Johnston Lake,…