Analysts Revise Alacer Gold Corp Price Target
Investment analysts at Scotiabank dropped their target price on Alacer Gold Corp (TSE:ASR) from C$5.00 to C$4.75 in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm...
View ArticleYamana Gold Q1 Profit Sags on Lower Prices and Higher Costs
Canadian miner Yamana Gold on Tuesday reported a 40% drop in net profit as lower realised commodity prices combined with inflationary impacts on costs and lower equity earnings from the company’s 12.5%...
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Impala Platinum Reports Growing Losses
Impala Platinum Holdings Ltd. (IMP), the world’s second-biggest producer of the metal, said more of its shafts are producing at a loss as prices decline and costs rise. “The steep drop in platinum...
View ArticleGold Ticks Lower As Equities gain, ETFs Plunge
Gold eased on Tuesday, losing its shine as an alternative investment after stock markets rallied on hopes for a steady US recovery, and as holdings on bullion exchange-traded funds slipped to their...
View ArticleETF Selling “Key Downside Risk”
Wholesale gold market prices fell to $1,460 an ounce Tuesday morning, around ten Dollars lower than where it closed last week, as the FTSE in London ticked higher following yesterday’s UK bank holiday....
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North American Palladium More Than Triples Q1 Loss, Plans Financing
Toronto-based North American Palladium (PAL) this week reported its first-quarter loss more than tripled on significantly higher expenses. The miner said on Monday its comprehensive loss for the...
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Barrick Shares Slide After Dominican Republic Deal
Barrick Gold shares retreated 1 percent in reaction on Thursday to news that the company had settled a dispute with the Dominican Republic (DR) over its Pueblo Viejo mine. Barrick said after eight...
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When Will the Gold Bull Resume?
While Gold has seen a decent rebound, Silver and the mining shares (the more speculative side of the complex) have failed to sustain any rebound despite tremendously supportive sentiment amid an...
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BNP Paribas Cut Lonmin (LMI) Price Target to GBX 260
Lonmin (LON: LMI) had its price target lowered by BNP Paribas from GBX 270 ($4.14) to GBX 260 ($3.99) in a research note released on Friday morning, according to Stock Ratings Network. They currently...
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Soros Fund, Northern Trust, and BlackRock Reduce Exposure to Gold
Billionaire investor George Soros joined Northern Trust and BlackRock in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson...
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MAG Silver Reports Net Loss in Q1 2013
MAG Silver Corp announced its unaudited financial results for the first quarter 2013 ending March 31, 2013. At March 31, 2013, the MAG had working capital of $37,917,231 including cash of $37,790,974....
View ArticleFirst Majestic Silver Cuts Capital Spending
Mexico-focused miner First Majestic Silver has cut its capital budget by 18 percent as a result of the drop in the silver price, adding it could revise its capital budget again later this year should...
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Ironwood Gold Signs Agreement to Acquire Arizona Gold Property
Ironwood Gold, in the execution of its business plan to develop a high quality portfolio of exploration properties containing known deposits of precious metals, announced that it has signed a...
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6 Reasons Why Gold Stocks Will Begin a Big Rally
Oversold RSI, Low Bullish Percent Index Below is the NYSE Gold Miners Index which is tracked by the GDX ETF. Look at the RSI. Not only did it reach a multi-decade low but it has remained oversold far...
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3 Reasons To Buy Gold Mining Stocks
A strong stomach and a tremendous amount of patience are required if you are investing in gold stocks these days, as miners have been exhibiting their typical volatility pattern. That’s why I often say...
View ArticlePlatinum and Palladium: Two Unconventional Precious Metals To Consider
Many investors in the precious metals sector have been disappointed with the significant decline in prices this year. Precious metals mining stocks have fared even worse than the commodities, with...
View ArticleTop 3 Places For Bears and Bulls To Invest In Gold
After a decade of consecutive gains, it looks like gold’s reign as the precious metal darling could be in jeopardy. Between early 2002 and September 2011, the price of gold soared over 590% to an...
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Gold Mining USA Set to Purchase Lode Mining Leases
Gold Mining USA announced that the company has entered into a contract for the purchase of the Preacher Mining Project Estate Leases. Preacher is an exploration stage, Gold and Silver mineral project...
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Going Short With Silver ETFs on Lower Silver Prices
Silver has been performing quite poorly over the past few weeks due to the broad commodity weakness and a shift to more risky asset class like equities. This is especially true with the backdrop of the...
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Why Gold And Stocks Are About to Reverse Course
There is a reason why commercial traders are “regression to the mean” traders. In this business it is the one thing that you can absolutely bank on. It’s like death and taxes, it never fails. All...
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