Gold Seeker Closing Report – Gold & Silver Fall From 25 and 18 Year Highs

	Close	Gain/Loss
Gold	$553.00	-$7.80
Silver	$8.98	-$0.21
XAU	141.97	UNCH
HUI	308.37	-0.63%
GDM	983.51	-0.50%
JSE Gold	2705.46	+0.49
USD	89.23	+0.33
Euro	120.92	-0.45
Yen	86.53	-1.03
Oil	$66.31	+$2.39
10-Year	4.332%	-0.018
T-Bond	114.875	+0.21875
Dow	10896.32	-0.58%
Nasdaq	2302.69	-0.62%
S&P	1282.93	-0.36%

Gold gained $4.30 to $556.50 in world trade on Monday before it fell off around $10 from its highs by the open of trade in New York Tuesday, but it then rallied to trade at over $560 at one point before it fell back off to close near its lows of the session with a loss of $3.50 from Friday’s close, but a loss of $7.80 on the day to fall from near-25 year highs set in world trade yesterday.

Silver gained $0.10 to $9.19 in world trade Monday before it fell off around $0.25 from its highs by the open of trade in New York Tuesday, but it then rallied to trade around $9.15 at one point before it fell back off to close near its lows of the session with a loss of $0.11 from Friday’s close, but a loss of $0.21 on the day to fall from 18 and ½ year highs set in world trade yesterday.

The CRB Index gained 5.61 points to 342.45 to make a new 25 year high, platinum lost $7 to $1,034 to fall from 26 year highs, palladium lost $5 to $280, and copper held near all-time highs around $2.15.

Gold and silver equities started off slightly lower before climbing over 1% by late morning, but they then fell back off near unchanged to end the day slightly lower. The XAU held unchanged at 9 and ½ year highs while the HUI and GDM fell from all-time highs.

“The gold market started out on a slightly firm note, but then fell back following an early rise in the Dollar. In fact, the gold market was mostly weak until after the London PM fix and then metals prices seemed to come alive in a buying wave, possibly because of tightening Capacity Utilization readings in the US. However, after another run to new highs the metals failed to hold the gains. We suspect that strength in the Dollar and news of profit taking in South African mining shares undermined sentiment in the market. At times the gold market suffers from too much bullish headline psychology and that is certainly prompting some longs to bank periodic profits.” - The Hightower Report, Futures Analysis and Forecasting

The U.S. dollar index gained overnight and then furthered its gains following this morning’s economic data that put some pressure on the fed to continue to raise interest rates.

Oil surged above $66 for the first time in 3 and ½ months on fears over sanctions on Iran and the evacuation of employees in Nigeria that lead to supply fears. Oil also gained on a report from the IEA that maintained demand forecasts for the U.S. and China after some speculated that they would cut demand forecasts. Oil is now just $4.54 from its all-time high of $70.85 set on August 30^th.

Treasuries found early losses on strong economic data, but they then rallied in late trade as “bond investors interpreted higher energy costs, at least for the moment, more as a tax on consumption than a driver of inflation.”

The Dow, Nasdaq, and S&P fell on high oil prices and worries over earnings reports.

Among the big names making news in the market today were Intel, IBM, Google, Berkshire Hathaway and Business Wire, Dana Corp., Airbus and Boeing, Continental Airlines, Boston Scientific and Guidant, Forest Labs, Wells Fargo, and U.S. Bancorp.

Freeport-McMoRan’s earnings, Goldcorp’s conference call announcement, Aurizon’s update on their Casa Berardi Project, IAMGOLD’s drill results at Quimsacocha, Glamis Gold’s 2005 production, Queenstake’s 4^th quarter 2005 operating highlights, Eldorado’s exploration updates, Banro’s extended gold mineralization at Twangiza, Northgate’s 4^th quarter production, Seabridge Gold’s notice of sale of shares by Friedberg Mercantile, IMA Exploration’s drop in stock price, and Western Silver’s phase 16A drill results were among the big stories in the gold and silver mining industry making headlines today.

The above commentary is kept as objective as possible. “My Two Ounces” is a new segment of the report in which I will interject some market views of my own as well as some reader comments. I encourage the reader to engage and discuss these views in the new Forums section on SilverSeek.com. Access the “My Two Ounces” section of the forum here.

Today we introduce a new forum on the SilverSeek.com forums. Market Movers was created to encourage discussion of equities making large moves intraday. Two discussions were started today: One on IMR which finished down 15.77%, and one on AURC.PK which finished the day up 65%. What’s your big mover? Start a discussion here: http://forums.silverseek.com/viewforum.php?f=9

Goldcrest Defines Prospective Gold Targets at Youanmi Project, Western Australia - More
- January 17, 2006 | Item | E-mail

Trade Winds Enters Into Purchase Agreement for 100% Interest in the Gowest Property at Detour Lake, Ontario - More
- January 17, 2006 | Item | E-mail

Virgin Metals Inc. Announces Financing in Conjunction with Proposed Listing on the TSX Venture Exchange - More
- January 17, 2006 | Item | E-mail

Western Troy Appoints President - More
- January 17, 2006 | Item | E-mail

Increase in mineral reserves by 37% at the Kiniero Gold Mine - More
- January 17, 2006 | Item | E-mail

Centerra Gold Announces Conference Call and Webcast of 2005 Financial and Operating Results - More
- January 17, 2006 | Item | E-mail

Alto Increases Proposed Private Placement - More
- January 17, 2006 | Item | E-mail

IMR Losing Big Intraday -

Discuss why at our forums: More
- January 17, 2006 | Item | E-mail

Freeport-McMoRan net profit surprises - "Freeport-McMoRan Copper & Gold Inc., which warned in November that fourth-quarter production at its vast Indonesian mine was lower than planned, surprised Wall Street on Tuesday by reporting net profit doubled. "This reflects our extraordinary performance in December, when we were able to make up the deficits and meet targets," Chief Executive Officer Richard Adkerson told Wall Street analysts on a conference call. "We were able to get access to higher grade ores," he said of the Grasberg mine in Papua, where full production had been hobbled for some time after a landslide in late 2003 killed eight workers." More
- January 17, 2006 | Item | E-mail

Cambridge Mineral Resources plc Acquires Large Base Metal Resource at Masa Valverde in Spain - More
- January 17, 2006 | Item | E-mail

Golden Band Resources: 2006 Winter Drilling Program Update - More
- January 17, 2006 | Item | E-mail

Geocom Announces Change of Independent Auditor - More
- January 17, 2006 | Item | E-mail

Aurizon Provides Update on Canada's Next Gold Mine - "Aurizon acquired the Casa Berardi Project with the objective of advancing the Project to commercial production, in as short a period as possible, while at the same time reducing the pre-production capital costs and lowering the technical and financial risk of the Project. As a result of this approach, commercial production at Casa Berardi is expected to commence in the fourth quarter of this year. Based on a gold price of US$400 per ounce, a U.S. dollar exchange rate of 1.25, gold reserves of 1,247,000 ounces, and a recovery rate of 91%, the start up plan anticipates that the Project will produce an average of 175,000 ounces of gold per annum at an estimated total cash cost of US$219 per ounce, for an internal rate of return of 23%." More
- January 17, 2006 | Item | E-mail

Southern Star Resources Inc.-2006 Drill Program Started at Gold Eagle Mine Property; Expanding Program to Three Rigs - More
- January 17, 2006 | Item | E-mail

Southern Silver Expands Arizona Copper Prospect - More
- January 17, 2006 | Item | E-mail

Vena Resources Closes Private Placement Over-Subscribed - More
- January 17, 2006 | Item | E-mail

Romarco Minerals Inc.: Drilling planned for Cori Puncho - More
- January 17, 2006 | Item | E-mail

Sparton Signs Option Agreement To Evaluate Five Strategic Nevada Gold Properties - More
- January 17, 2006 | Item | E-mail

South American Gold and Copper Company Announces Interest from Major Mining Companies on its Potential Porphyry Copper Deposit at Tordillo - More
- January 17, 2006 | Item | E-mail

TVI Pacific and Phelps Dodge Sign Letter Agreement to Initiate Joint Exploration in Yunnan Province, China - More
- January 17, 2006 | Item | E-mail

St Andrew Announces Stock Gold Complex Commences Production, 2006 Plans and $3 Million Timmins Exploration Program - More
- January 17, 2006 | Item | E-mail

Midway Hits 12 Metres 28.26 Grams/Ton Gold-Midway Project Nevada - More
- January 17, 2006 | Item | E-mail

Linear Gold Intersects 1245 Grams per Tonne of Silver at the La Morena Project, Coahuila, Mexico - More
- January 17, 2006 | Item | E-mail

Magnus International Resources, Inc. Updates on Infill Sampling Results in Target Areas of The Huidong Property - More
- January 17, 2006 | Item | E-mail

Odyssey Resources Limited: More Positive Moroccan Copper Results - More
- January 17, 2006 | Item | E-mail

Norsemont extends mineralization and reports highest grade intercept to date at San Jose zone, Constancia project - More
- January 17, 2006 | Item | E-mail

Golden Peaks Resources Ltd. - Drilling resumes on La Fortuna project - More
- January 17, 2006 | Item | E-mail

Kimber reports drill results and progress from Monterde - More
- January 17, 2006 | Item | E-mail

Exall Resources Limited: 2006 Drill Program Started at Gold Eagle Mine Property Expanding Program to Three Drill Rigs - More
- January 17, 2006 | Item | E-mail

General Minerals Corporation Announces the Acquisition of the Bluebird Copper-Silver Property in Granite County, Montana - More
- January 17, 2006 | Item | E-mail

Goldstake: McGarry, Kirkland Lake, Ontario, Canada - More
- January 17, 2006 | Item | E-mail

Fieldex options strategic Copper Zinc Property western Quebec - More
- January 17, 2006 | Item | E-mail

Esperanza Announces New Cerro Jumil Drill Results - More
- January 17, 2006 | Item | E-mail

Everton Intersects Gold Mineralization from Drilling at the Tres Bocas Prospect, Loma El Mate Concession, Dominican Republic - More
- January 17, 2006 | Item | E-mail

China Resources Reports on Recent Developments - More
- January 17, 2006 | Item | E-mail

Apogee Minerals to Present at Vancouver Resource Investment Conference - More
- January 17, 2006 | Item | E-mail

Colombia Goldfields Signs USD$20.2 Million Definative Purchase Agreement to Acquire Interests in Marmato Mountain - More
- January 17, 2006 | Item | E-mail

Atlas Mining Enters Joint Venture to Find New Properties - More
- January 17, 2006 | Item | E-mail

Tagish Announces Proposed Private Placement Offering - More
- January 17, 2006 | Item | E-mail

VVC Exploration reports its first revenues from its Chinese Gold Joint Venture - More
- January 17, 2006 | Item | E-mail

Sea Green Capital Corp. Announces Property Acquisition and Exploration Update - More
- January 17, 2006 | Item | E-mail

Southern Silver Grants Options - More
- January 17, 2006 | Item | E-mail

Wildcat Announces Non-Brokered Private Placement Financing - More
- January 17, 2006 | Item | E-mail

Vantex Updates on Guillet Exploration - More
- January 17, 2006 | Item | E-mail

SAMEX Mining Corp.: Private Placement - More
- January 17, 2006 | Item | E-mail

SLAM Exploration Ltd and Falconbridge Limited Agree on BJV Wrap-Up - More
- January 17, 2006 | Item | E-mail

Revett Minerals Rock Creek Mine -- Public Outreach - More
- January 17, 2006 | Item | E-mail

Stanley Dempsey joins Taranis as a Director - More
- January 17, 2006 | Item | E-mail

White Knight Resources Ltd.: Partial Drill Results at Slaven Canyon Project, Nevada - More
- January 17, 2006 | Item | E-mail

Skyharbour Resources Ltd.: Drilling Begins on McKenzie Island Gold Project, Red Lake, Ontario - More
- January 17, 2006 | Item | E-mail

Wolfden - Red Lake drilling continues to intersect high-grade gold - More
- January 17, 2006 | Item | E-mail

Sunridge Serves Notice to Acquire 100% Interest in the Asmara Joint Venture - More
- January 17, 2006 | Item | E-mail

Lundin Mining Purchases Just Under 10% of Sunridge Gold Through Strategic Alliance and Financing Arrangement - More
- January 17, 2006 | Item | E-mail

Uruguay Mineral Exploration Inc.-Media Release: Interim Results; Consistent Production At 100,000 Ounces Per Year Rate Generates Strong Profits - More
- January 17, 2006 | Item | E-mail

Plexmar Resources Inc.: Granting of Stock Options - More
- January 17, 2006 | Item | E-mail

Midway Clarifies Comments in Stockwatch Article - More
- January 17, 2006 | Item | E-mail

Mega Uranium Ltd.: Drilling Underway At Both Hamlin And Deaty Properties, Shebandowan Camp Thunder Bay, Ontario - More
- January 17, 2006 | Item | E-mail

Olympus Pacific Reports Dragon Exercise of 1,270,000 Warrants - More
- January 17, 2006 | Item | E-mail

Murgor opens the down plunge extension of zone f-51 at Windfall with an intersection of 44.47 g/t au over 2.0 meters. - More
- January 17, 2006 | Item | E-mail

Lakota Appoints Andrew Lee Smith, P.Geo. to Board of Directors - More
- January 17, 2006 | Item | E-mail

MacMillan Gold Options The La Union Massive Sulfide Project - More
- January 17, 2006 | Item | E-mail

PGM Reports Gold Intersections On Sangold - More
- January 17, 2006 | Item | E-mail

Nevada Pacific Continues to Cut Gold in Trenches at Cornerstone Project - More
- January 17, 2006 | Item | E-mail

Portal Resources Increases Private Placement to Three and a Quarter Million Dollars - More
- January 17, 2006 | Item | E-mail

Lundin Mining Signs Strategic Alliance and Financing Arrangement with Sunridge Gold Corp. - More
- January 17, 2006 | Item | E-mail

Midlands Minerals Corporation: Tanzania-Itilima Gold Project MMI Soil Geochemistry Results - More
- January 17, 2006 | Item | E-mail

Minera Andes Seeks Shareholder Approval for McEwen Stock Purchase - More
- January 17, 2006 | Item | E-mail

Lumina Resources Cuts 94.95 Metres at 1.00 G/T Au, 0.17% Cu and 0.025% Mo in Follow Up Drilling in Island Copper Belt - More
- January 17, 2006 | Item | E-mail

Micrex Development Corp.: Exploration to Begin on Gold Property - More
- January 17, 2006 | Item | E-mail

Full Metal and Triex Boulder Creek Uranium Deposit-2006 Drill Programs - More
- January 17, 2006 | Item | E-mail

Eloro Resources Ltd. to Grant Options - More
- January 17, 2006 | Item | E-mail

Freegold Ventures Encounters Additional High Grade Surface Veining at Golden Summit - More
- January 17, 2006 | Item | E-mail

Jasper Mining Corp completes $250,000.00 non-brokered financing - More
- January 17, 2006 | Item | E-mail

EMC Puts Contractor On Protective Notice - More
- January 17, 2006 | Item | E-mail

Golden Band Resources Appoints John Tosney to Board of Directors - More
- January 17, 2006 | Item | E-mail

Emgold announces listing on the Frankfurt Stock Exchange and engagement of European investor relations firms - More
- January 17, 2006 | Item | E-mail

Firestone Ventures Begins 2006 Exploration at Torlon Hill Zinc Project - More
- January 17, 2006 | Item | E-mail

Goldeye Begins Drilling 2 Properties in NE Ontario: 2,000m on Big Dome High Grade Gold Zones, Tyrrell Twp., and 300m in Fawcett Twp. - More
- January 17, 2006 | Item | E-mail

General Minerals Corporation Announces Start of Drilling at the Dragoon Copper Property in Arizona - More
- January 17, 2006 | Item | E-mail

East Asia Minerals forges path into China - More
- January 17, 2006 | Item | E-mail

Golconda Resources Ltd.: News Release - More
- January 17, 2006 | Item | E-mail

Infill Drilling Outlines Additional High-Grade Copper and Gold Mineralization on Entree's Copper Flats - More
- January 17, 2006 | Item | E-mail

Kalimantan drill program on schedule - More
- January 17, 2006 | Item | E-mail

Amera Resources Corporation: Private Placement Announced - More
- January 17, 2006 | Item | E-mail

Augusta Completes In-fill Program and Confirms Down-dip Extension - More
- January 17, 2006 | Item | E-mail

Alamos Gold Inc.: Escondida Hanging Wall Zone Expanded With Additional High-grade Drill Holes, Mulatos Deposit, Mexico - More
- January 17, 2006 | Item | E-mail

AXMIN Appoints General Manager at Passendro Project to Fast Track Feasibility Studies - More
- January 17, 2006 | Item | E-mail

Quarterly Activities Report To Australian Stock Exchange Limited For The Fourth Quarter Ended December 31, 2005 - More
- January 17, 2006 | Item | E-mail

Canadian Zinc Corporation Announces $5 Million Private Placement - More
- January 17, 2006 | Item | E-mail

At the Request of the TSX Venture Exchange, China Diamond Corp. Clarifies Certain Disclosure Information on Its Exploration Projects in China - More
- January 17, 2006 | Item | E-mail

D'Arianne Resources Inc. starts drilling on the Contact Zone, Opinaca property, James Bay - More
- January 17, 2006 | Item | E-mail

Mineralization continues with final 2005 drill results at Quimsacocha - "IAMGOLD Corporation is pleased to announce the results of an additional 37 diamond drill holes on its 100% owned Quimsacocha project in Ecuador. The Quimsacocha property is located 40 kilometres southwest of the city of Cuenca in southern Ecuador. These results are the final results from the 2005 drill program, which totaled 27,272 metres and confirm the continuation of mineralization to the south of the defined deposit." More
- January 17, 2006 | Item | E-mail

Glamis Gold Production Increases 85 Percent - "Glamis Gold Ltd. today announced that it produced 434,010 ounces of gold in 2005, an increase of 85 percent compared to 234,433 ounces in 2004. Unaudited total cash costs in 2005 were $195 per ounce of gold produced. The 2005 results were driven by a strong first year of commercial production at El Sauzal Mine in Mexico-which exceeded plan by 13 percent-as well as strong performance at Marigold Mine in Nevada. Marlin Mine in Guatemala commenced commercial production in late 2005 and concluded a successful year by contributing nearly 24,000 ounces of gold to the Company's total production." More
- January 17, 2006 | Item | E-mail

Queenstake's Fourth Quarter 2005 Operating Highlights Remain on Track With Redevelopment Plan - "Queenstake Resources Ltd. reported that its Jerritt Canyon operations in northeastern Nevada produced 45,555 ounces of gold during the fourth quarter of 2005, in line with the redevelopment plan initiated in mid-August 2005. Gold production was 204,091 ounces for the full year 2005. Production for the quarter and the year was within the prior guidance provided." More
- January 17, 2006 | Item | E-mail

Freeport-McMoRan Copper & Gold Inc. Reports Fourth-Quarter and Twelve-Month 2005 Results - "Freeport-McMoRan Copper & Gold Inc. reported fourth-quarter 2005 net income applicable to common stock of $463.2 million, $2.19 per share, compared with net income of $212.5 million, $1.08 per share, for the fourth quarter of 2004. For the twelve months ended December 31, 2005, FCX reported net income of $934.6 million, $4.67 per share, compared with $156.8 million, $0.85 per share, for the twelve months ended December 31, 2004." More
- January 17, 2006 | Item | E-mail

Goldcorp to Release Year End Results on March 6, 2006 - "A conference call will be held Monday, March 6th at 11:00 a.m. (ET) to discuss these results. You may join the call by dialing toll free 1-888-789-0089 or (416) 695-9753 for calls from outside Canada and the US." More
- January 17, 2006 | Item | E-mail

Eldorado Provides Exploration Updates for the AS Project, Turkey and Vila Nova Gold Project, Brazil - "Exploration work on the AS Project is being undertaken by Tuprag Metal Madencilik San ve Tic. Ltd. Eldorado holds 50% of the project as part of a joint venture agreement in Western Turkey. Diamond drilling commenced on the AS project in mid-October and totaled 1695 meters by 2005 year end. Four core holes are complete: 3 in the first identified showing (the "Dogrudere anomaly") and 1 in the western copper anomaly (the "Tul anomaly")." More
- January 17, 2006 | Item | E-mail

Western Silver Phase 16A Drill Results - "Western Silver Corporation today announced assay results from the first tranche of its Phase 16 drill program (21 holes totaling 14,171 meters) on its wholly-owned Penasquito silver, gold, zinc and lead property in central Mexico. Phase 16A consisted of twenty-one holes, sixteen of which are located in the Penasco south, east and north contact areas of the Outcrop breccia., with four holes at La Palma and one at Chile Colorado." More
- January 17, 2006 | Item | E-mail

Banro extends gold mineralization at Twangiza - "Initial geochemical assay results have been received from 780 soil and 482 trench rock samples from the Company's Twangiza project. A prominent soil geochemical anomaly (greater than 100 ppb Au in soil with maximum values up to 2.77 g/t) has been delineated over a strike length of 880 metres directly along strike from the existing Twangiza deposit and remains open to the north and west (additional soil sample results pending)." More
- January 17, 2006 | Item | E-mail

Northgate Reports Fourth Quarter Gold Production of 94,405 Ounces, at a Record Low Cash Cost of $59/Ounce, Production of 320,000 Ounces Forecast for 2006 - "The Kemess mine finished the year on an extremely strong note, with the highest quarterly gold and copper production of the year and a record low cash cost in the history of the mine. I am especially proud to report that for the fourth year in a row, we delivered on the metal production forecast that we made at the beginning of the year. For 2006, we are projecting record annual gold and copper production at a cash cost of $170 per ounce." More
- January 17, 2006 | Item | E-mail

Funds Managed by Friedberg Mercantile to Sell Seabridge Shares - "Seabridge Gold Inc. has been advised that three fixed income funds managed by Friedberg Mercantile Group Ltd. have filed Notices of Intention to Distribute Securities disclosing that they intend to divest of as many as 573,000 common shares of Seabridge. Friedberg Mercantile has advised Seabridge that it is required to sell these shares over the next several months in order to bring the Funds back into compliance with provisions limiting the Funds to a 5% exposure to equities and to comply with regulatory requirements." More
- January 17, 2006 | Item | E-mail

Bigger is not better for Gold Fields' growth - "In a world where bigger is perceived to be better, Gold Fields Ltd. strikes a contrary note. The South African miner, currently the fourth largest gold producer in the world, has no desire to be No. 1. "You want to be the biggest? That's great. But we are at this stage looking for alternative niches to compete in and attract a shareholder following that recognizes what we offer," John Munro, head of corporate development at Gold Fields, said in a recent interview." More
- January 16, 2006 | Item | E-mail

Rising Prices Boost Search for Gold - "From offices in a downtown skyscraper overlooking the snowcapped Rockies, Newmont Mining Corp. is intensifying a global hunt for the next mother lode of gold. Spurred by rising prices, Newmont opened one gold mine in Nevada in December and plans to open two more -- one in Nevada and another in Ghana -- this year. Another in Ghana is on tap for 2007." More
- January 16, 2006 | Item | E-mail

Drilling Update on Guanacevi Project, Durango, Mexico; Endeavour Receives Conditional Approval for TSX Listing - "Endeavour Silver Corp. announces additional encouraging drill results from three mineralized zones on the Santa Cruz property, Guanacevi Project, Durango, Mexico. Endeavour currently has five drill rigs working at Guanacevi. High silver grades were intersected over mineable widths in the first eight drill holes at the Deep Santa Cruz zone, including 3470 gpt silver over 1.45 m (115.2 oz per ton silver equivalent over 4.8 ft) in hole DSC1-7. Selected drill results are as follows:" More
- January 16, 2006 | Item | E-mail

Cumberland Receives $1.5 Million Option Payment - "CUMBERLAND RESOURCES LTD. is pleased to report that it has received an annual option payment of $1.5 million, an increase from the $500,000 option payment received in 2005, from Comaplex Minerals Corp. with respect to the Meliadine West Joint Venture Agreement. Cumberland holds a 22% (carried to production) interest in the Meliadine West gold project located 25 kilometres north of the Hamlet of Rankin Inlet, Nunavut Territory. Comaplex is Operator of the Meliadine West project." More
- January 16, 2006 | Item | E-mail

Cambior Inc: 2005 Year-End Production Results - "Cambior Inc. announces today that its gold output for 2005 totalled 638,400 ounces, in line with its production target announced in mid-May 2005. The 2005 production was lower than the 694,100 ounces produced in 2004 following the termination of operations at the Omai mine in late September 2005. Fourth quarter gold output was 141,610 ounces. It is anticipated that Cambior will produce 529,000 ounces in 2006 at an average mine operating cost of $294 per ounce. Production will derive from the Rosebel and Sleeping Giant mines and the Doyon division." More
- January 16, 2006 | Item | E-mail

Silver Standard Closes Acquisition of Berenguela Project, Peru - "Under the purchase agreement, Silver Standard acquired all of the shares of Sociedad Minera Berenguela S.A., a Peruvian company that holds the rights to the Berenguela project, in consideration of an aggregate payment of US$2.0 million in cash and US$8.0 million in common shares of Silver Standard, and the grant of a 2% net smelter returns royalty on copper capped at US$3.0 million. The common share consideration amounts to 530,504 shares of Silver Standard that are subject to a four-month hold period expiring on May 13, 2006." More
- January 16, 2006 | Item | E-mail

Gold Fields shrugs off new Scion move on Bolivar - "South Africa's Gold Fields Ltd said on Monday it was not worried that a major shareholder in its takeover target Bolivar Gold Corp. wants to block court approval of the US$360 million deal. Gold Fields, the world's fourth-biggest gold producer, won a key victory last week when shareholders in Canada's Bolivar voted in favour of the takeover despite heavy opposition from Scion Capital, which owns 19 percent of Bolivar." More
- January 16, 2006 | Item | E-mail

Bolivar Gold Plan of Arrangement Update - "Gold Fields Limited and Bolivar Gold Corp. announced today that Scion Capital, LLC has delivered a notice of dissent in respect of its approximately 19% common share interest in Bolivar and that Gold Fields intends to waive the condition in section 7.2(e) of its Arrangement Agreement with Bolivar." More
- January 16, 2006 | Item | E-mail

Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Do you have questions, comments, or suggestions about this report? Email Chris Mullen at cm@goldseek.com

The Gold Seeker Closing Report is a free edition providing a daily wrap-up of gold & gold-related news. For more in-depth analysis of the gold markets, subscribe to The Gold Forecaster.

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. GoldSeek.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond GoldSeek.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. GoldSeek.com and employees associated with Gold Seek LLC do not trade the stocks mentioned in stock reports for one week prior to and one week following publication. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. GoldSeek.com may have been compensated for their services in preparing and publishing this report. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.