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Gold and Silver Market Price Morning

The gold price fell heavily at one point hitting the $1,660 area at one point before closing in New York at $1,674.10. Both Asia and London held it in that area before the morning Fix in London set it at a higher $1,682.50 and in the euro at 1€,278.69 while the euro stood at €1: [...]

Tags: gold market news, gold market price, gold price, New York gold market, today gold price Filed Under Market, News March 07 2012

Shore Gold shares drop as diamond mine deal failed in diamond project near Prince Albert

Shore Gold shares fell dramatically Thursday after the Saskatoon-based company announced it had failed to secure a deal to fund their Star-Orion South diamond project near Prince Albert. According to a company’s news release, Shore Gold was unable to get financing “due to world economic uncertainties” In an effort to save money, the company has [...]

Tags: diamond project, gold share, shore gold, shore gold company, star orion Filed Under Mining, News March 01 2012

Oyu Tolgoi sucks up cash and Ivanhoe must sell off assets

Oyu Tolgoi sucks up cash and Ivanhoe must sell off assets. Investors chase stock up 5% betting on rich buyers. After steady gains throughout the day Ivanhoe Mines (TSE:IVN) – building one of the richest copper and gold mines in the world – ended Thursday up 5.47% at $18.11 on the TSX. Investors were reacting [...]

Tags: gold mine, gold mining, ivanhoe copper mining, Ivanhoe Mining company, Mining investors, oyu tologi Filed Under Mining, News March 01 2012

Tuesday Crude oil slips under $107

Gumbreg.org – Crude oil prices closed under $107 per barrel Tuesday, as a new pricing plateau slipped away. Tension in the Middle East has given rise to a roughly $10 bump from the previous plateau near $97 per barrel. Traders considered talk Tuesday of Japan increasing imports of home heating oil, lending the market some [...]

Tags: crude oil price, Crude oil prices today, natural gas prices, oil market price, oil price today Filed Under Market, News February 28 2012

Copper Fox reports 2011 annual financial results and a corporate update

Gumbreg.org – Copper Fox Metals Inc. a Canadian based resource development company listed on the TSX-Venture Exchange (CUU-TSX-V) with a corporate office in Calgary and operations office in Vancouver is pleased to announce its operating results for the 2011 fourth quarter and year-end results. During the year, Copper Fox acquired additional mineral tenures around the [...]

Tags: copper fox company, copper mining, diamond drilling, Liard Copper Mines, Schaft Creek project Filed Under News February 28 2012

Gold Futures Slightly Lower on Profit Taking, Dollar Strengthened

Gumbreg.org – Gold futures ended slightly lower Monday, as profit-taking took over following steep gains in the previous week and as the dollar strengthened against most of its major rivals. Gold futures had veered between small gains and losses earlier as investors weighed the relatively high gold price with the need to own the precious [...]

Tags: Gold futures, gold m€arket today, gold price news, gold price today Filed Under Market February 27 2012

Altius Minerals report exploration results from two 100% owned projects in Labrador West

Gumbreg.org – Altius Minerals Corporation is pleased to report positive exploration results from its two 100% owned projects in the Labrador West iron ore mining district. Altius is presently seeking partners to advance these opportunities. Julienne Lake Iron Ore In 2011, Altius commissioned a ground gravity and magnetics survey over its wholly owned Julienne Lake [...]