-- Posted 20 June, 2007 | | Source: SilverSeek.com
| Close | Gain/Loss |
Gold | $657.00 | -$3.50 |
Silver | $13.23 | -$0.04 |
XAU | 138.54 | -1.86% |
HUI | 335.20 | -1.69% |
GDM | 1052.25 | -1.78% |
JSE Gold | 2622.14 | +1.56% |
USD | 82.57 | +0.03 |
Euro | 134.18 | -0.05 |
Yen | 80.90 | -0.14 |
Oil | $68.19 | $0.91 |
10-Year | 5.123% | +0.037 |
T-Bond | 106.78125 | -0.40625 |
Dow | 13489.42 | -1.07% |
Nasdaq | 2599.96 | -1.02% |
S&P | 1512.84 | -1.36% |
The Metals:
Gold traded mostly slightly lower in Asia and London ahead of a small rally in early New York trade, but it then fell sharply a little after 9AM EST and dropped to as low as $655.60 by late morning trade before it rebounded slightly into the close, but it still ended with a loss of 0.67%. Silver rose over $13.30 in early New York trade before it dropped to as low as $13.16 and then rebounded into the close and ended with a loss of 0.45%.
Euro gold fell to about €487, platinum gained $4 to $1,300, palladium gained $5 to $378, and copper rose roughly 5 cents to about $3.39.
Gold and silver equities steadily fell throughout most of trade and ended with nearly 2% losses.
The Economy:
There were no major economic reports today. Tomorrow at 8:30AM EST brings Initial Jobless Claims for 6/16 expected at 310,000. At 10AM are Leading Economic Indicators for May expected at 0.2% and at noon is the Philadelphia fed report for June expected at 8.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell noticeably after inventory reports showed supplies built much more than expected, though some were concerned that refinery utilization fell another 1.6% to 87.6% rather than expected build and some short covering took oil well off its low by the close, though it still ended with an over 1% loss. Crude inventories built 6.9 million barrels, gasoline inventories built 1.8 million barrels, and distillates built 100,000 barrels.
The U.S. dollar index found slight gains on yen weakness as minutes from the Bank of Japan's May meeting suggested interest rates will rise only “gradually.”
U.S. Treasuries followed the German Bund lower “after central banks in Europe signaled concerns over inflation.”
The Dow, Nasdaq, and S&P fell over 1% by the close on concerns over interest rates as they edged back up after three previous falling sessions.
Among the big names making news in the market today were News Corp. and Yahoo, Circuit City, Morgan Stanley, Nuveen and Madison Dearborn, FedEx, and Kerkorian and MGM Properties.
The Commentary:
“August Gold finished down 4.7 at 660, 5 off the high and 0.4 up from the low.
July Silver closed down 0.075 at 13.25. This was 0.03 up from the low and 0.165 off the high.
The gold market came under selling pressure as Treasury yields turned higher in the US and abroad. Indications European Central Banks remain in a tightening mode with Sweden raising rates and the Bank of England likely to hike rates again next month somewhat diminished gold's appear. While there seems to be fresh concerns over global inflation, the higher bond yields are diminishing gold's appeal as an inflation hedge investment. Also, there is concern rising US interest rates may provide a lift to the Dollar which has also encourage profit taking. Recent weak numbers in the US housing market and weak action in equities raises questions about the strength of the macro economy which may have undermined gold bulls this session. The sharp break in energy markets was an added negative gold traders' had to absorb.
Silver followed gold lower as the rise in interest rates seemed to have the dominate influence on metals markets. Recent housing data has been weak and with the stock market seeing a steep decline, the macro economic environment seems to be a little worse off and that may be diminishing silver's appear as an industrial metal. However, silver has seen some solid gains recently and we suspect some of today's weakness was simply profit taking. To some degree it seemed as if strong gains in copper helped to limit the weakness in the silver market, but if interest rates keep rising all metals markets will certainly be affected.” - The Hightower Report, Futures Analysis and Forecasting
GATA Posts:
Republican presidential longshot: Ditch Fed, go back to gold
Japan says it can't sell dollars without wrecking markets
Central bankers turn to BIS as markets ignore risk
U.S. regulators would rely on the 'principles' of sharks who have none
Ted Butler: The raptors rule
Unprecedented dishoarding by central banks fails to push gold down
GATA officers allowed near world's largest gold coin
Bob Bishop cites GATA at Vancouver conference
Rig markets our way or don't rig them at all, IMF tells China
Supreme Court lifts anti-trust liability for banks' stock manipulation
An also-ran in Republican polls, Ron Paul is huge on the Internet
Vancouver conference opens with good support for GATA
James Turk: So far, history is repeating
World could go on forever with U.S. as massive parasite, study claims
The Statistics:
As of close of business: 6/19/2007
Gold Warehouse Stocks: | 7,486,281 | - |
Silver Warehouse Stocks: | 130,196,683 | - 2,495,021 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange (NYSE) AND Singapore Exchange (SGX) | Streettracks Gold Shares | 474.53 | 15,256,630 | US$ 10,011m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 90.80 | 2,919,286 | US$ 1,908m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 12.04 | 386,792 | US$ 253m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 13.06 | 419,913 | US$ 27m |
Note: Change in Total Tonnes from Friday’s data: The NYSE/SGX added1.54 tonnes and the ASX added 0.05 tonnes.
COMEX Gold Trust (IAU)
Profile as of 6/19/2007 | |
Total Net Assets | $975,079,680 | Ounces of Gold
in Trust | 1,476,134.274 |
Shares Outstanding | 14,900,000 | Tonnes of Gold
in Trust | 45.91 |
Note: No change in Total Tonnes from Friday’s data.
Silver Trust (SLV)
Profile as of 6/19/2007 | |
Total Net Assets | $1,829,627,801 | Ounces of Silver
in Trust | 138,749,346.100 |
Shares Outstanding | 13,950,000 | Tonnes of Silver
in Trust | 4,315.59 |
Note: Change in Total Tonnes from Friday’s data: 30.93 tonnes were added to the trust.
The Stocks:
Gold Reserve’s (GRZ) equipment purchase agreement, Freeport’s (FCX) share action, Esperanza’s (EPZ.V) drilling update, Excellon’s (EXN.V) selection as one of the TSX Venture 50, and Fury’s (FUR.V) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Orezone | OZN +5.30% $1.59 |
2. Claude | CGR +4.32% $1.45 |
3. Gammon Gold | GRS +3.12% $13.20 |
LOSERS
1. Endeavour | EXK -4.69% $4.67 |
2. Minefinders | MFN-4.61% $11.59 |
3. Great Basin | GBN -4.44% $2.58 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of the last three day’s gold and silver stock news:
Longview Capital Partners Inc. Receives Top Ranking in 2007 TSX Venture 50 - More
- June 20, 2007 | Item | E-mail
Saturn Minerals Retains The Windward Agency to Provide Investor Relations Services - More
- June 20, 2007 | Item | E-mail
Simberi Mining Corporation Grants Stock Options - More
- June 20, 2007 | Item | E-mail
Dynamite Resources Announces Grant of Options - More
- June 20, 2007 | Item | E-mail
Cameco, union in talks as strike deadlines looms - More
- June 20, 2007 | Item | E-mail
Metanor Resources Inc. Intends To Proceed With A Private Placement Of A Maximum Of $2 M - More
- June 20, 2007 | Item | E-mail
Southampton Announces Appointment of Directors and Grant of Options - More
- June 20, 2007 | Item | E-mail
Aurora Gold Corporation Is Pleased to Announce Drilling Is Scheduled to Begin in Early to Mid July 2007 to Upgrade and Increase the Resource Estimate - More
- June 20, 2007 | Item | E-mail
Aranka Gold Inc./Guyana Goldfields Inc. Announce Commencement of Drilling at Aranka - More
- June 20, 2007 | Item | E-mail
Molycor Gold Corp.: Private Placement - More
- June 20, 2007 | Item | E-mail
Anglo Swiss Resources Announces Results of Annual General Meeting - More
- June 20, 2007 | Item | E-mail
Assays of 3.17% Cu Over 11.2 Meters (36.75 ft) and 10.76% Zn Pb Over 7.2 Meters (23.62 ft) Continue to Confirm High Grade Mineralization at First Narrows' Chest - More
- June 20, 2007 | Item | E-mail
Osisko Drilling on Golden Valley's Malartic CHL Property - More
- June 20, 2007 | Item | E-mail
Gold Reserve Finalizes Caterpillar Equipment Purchase Agreement - "Gold Reserve Inc. (TSX:GRZ - News; AMEX:GRZ - News) Gold Reserve Inc. is pleased to announce that it has finalized negotiations with Caterpillar Inc. and its local Venezuelan dealer, Venequip S.A., to provide Caterpillar haulage equipment, front end loaders and construction machinery for the construction and operation of Gold Reserve's Brisas gold and copper mine in Venezuela." More
- June 20, 2007 | Item | E-mail
Cancor Mines announces a $4,000,000 private placement - More
- June 20, 2007 | Item | E-mail
McVicar appoints new directors - More
- June 20, 2007 | Item | E-mail
Canadian companies fade from world mining stage - "Canadian companies are fading from the world's mining stage, a study said on Wednesday, with the number of Canadian companies listed in the globe's top 40 miners shrinking to six last year from 12 in 2003." More
- June 20, 2007 | Item | E-mail
Copper Mountain issues retraction on certain disclosure issues - More
- June 20, 2007 | Item | E-mail
Highlights of Semafo's Exploration Progams: Kiniero, Guinea and Samira Hill, Niger - More
- June 20, 2007 | Item | E-mail
Vena Resources Provides Uranium Exploration Update in Peru - More
- June 20, 2007 | Item | E-mail
Ren� Branchaud Elected to Cadiscor's Board of Directors - More
- June 20, 2007 | Item | E-mail
Utah Uranium Announces Uranium Geologist and Technical Advisor - More
- June 20, 2007 | Item | E-mail
Pro-Spect-Or Adopts a New Stock Option Plan - More
- June 20, 2007 | Item | E-mail
Midlands Minerals Extends Mineralization to Vertical Depth of 220 M and Reports Good Continuity With 45.2 g/t Over 1 M on Sian Deposit-Ghana - More
- June 20, 2007 | Item | E-mail
Mountain Lake Increases Vertical Depth of Zinc-Copper Massive Sulphide Deposit at Bobby's Pond by 90 Meters - More
- June 20, 2007 | Item | E-mail
Beaufield Purchases Remaining 20% of Opinaca Property - More
- June 20, 2007 | Item | E-mail
Tumi Resources Limited - Tumi Resources defines drill target at Sala, Sweden - More
- June 20, 2007 | Item | E-mail
Tara Gold Commences Production at Its La Currita Silver/Gold Project in Temoris, Mexico - More
- June 20, 2007 | Item | E-mail
Raven Gold Corp. is pleased to announce today that they have commenced production at the La Currita Mill - More
- June 20, 2007 | Item | E-mail
Odyssey Announces Additions to Board of Directors - More
- June 20, 2007 | Item | E-mail
Crew Gold Corp. Announces Continued Positive Drilling Results From Banora Resource and High Grade Drilling Results From Lero Karta - More
- June 20, 2007 | Item | E-mail
Western Warrior receives initial drill assays from its Pipestone Project - More
- June 20, 2007 | Item | E-mail
Golden Eagle Announces Conference Call on June 21, 2007 - More
- June 20, 2007 | Item | E-mail
Mantis Mineral Corp. completes initial field examination on its 100% owned Orphan Gold Mine property - More
- June 20, 2007 | Item | E-mail
Alexis Herbin Drilling Expands "Flat Swarm" Gold Mineralization-Returns Up To 10.87 Grammes Per Tonne Over 22.75 Metres (0.32 Ounces Over 74.8 Feet) - More
- June 20, 2007 | Item | E-mail
Corriente Resources Inc.: Panantza Copper Resources Continue to Grow - More
- June 20, 2007 | Item | E-mail
Osisko Drilling on Golden Valley's Malartic CHL Property - More
- June 20, 2007 | Item | E-mail
Trade Winds Drills 8.01 g/t Gold Over 3.0 Metres Within 42 Metres of Surface at Detour Lake, Ontario - More
- June 20, 2007 | Item | E-mail
China moly quotas may cut exports by 30% -traders - More
- June 20, 2007 | Item | E-mail
Conway Resources: $1.4 Million Exploration Program Underway at Conway Paquin and Lavallee Properties - More
- June 20, 2007 | Item | E-mail
Progress Update at Gold Resource Corporation's El Aguila Project; Continued El Aire High-Grade Vein Intercepts - More
- June 20, 2007 | Item | E-mail
Alhambra Resources Ltd. - Proposed Corporate Reorganization - More
- June 20, 2007 | Item | E-mail
Progress Update at Gold Resource Corporation's El Aguila Project; Continued El Aire High-Grade Vein Intercepts - More
- June 20, 2007 | Item | E-mail
Mexoro Minerals to Drill Guazapares Project - More
- June 20, 2007 | Item | E-mail
Novawest Completes Sale of Raglan Nickel-Copper Interests - More
- June 20, 2007 | Item | E-mail
Pacific Cascade Minerals Inc.: Molybdenum Property Diamond Drill Permit In Place - More
- June 20, 2007 | Item | E-mail
New Cantech Announces National Instrument 43-101 Report Containing Results of Preliminary Economic Assessment - More
- June 20, 2007 | Item | E-mail
Luna Gold Corp. files Form 15 to deregister common stock - More
- June 20, 2007 | Item | E-mail
Southwestern Resources President and CEO Resigns - More
- June 20, 2007 | Item | E-mail
Duncan Park Announces Private Placement of Up to $1,500,000 - More
- June 20, 2007 | Item | E-mail
Andina Minerals Inc.: 100% Ownership of Volcan Gold Project Transferred to Andina - More
- June 20, 2007 | Item | E-mail
Silvermet Commences Drilling Muskox Nickel/Platinum Project, Nunavut - More
- June 20, 2007 | Item | E-mail
Saturn Minerals Acquires Claims in Galore Creek/Schaft Creek Area - More
- June 20, 2007 | Item | E-mail
Marifil Retains Investor Relations Group - More
- June 20, 2007 | Item | E-mail
Starfire Minerals Inc. announces $2,067,350 private placement: - More
- June 20, 2007 | Item | E-mail
Alpha Gold has begun diamond drilling and line cutting at Lustdust - More
- June 20, 2007 | Item | E-mail
Maestro Announces Phase One Core Drill Program Results From Kings Canyon, Utah - More
- June 20, 2007 | Item | E-mail
Platinex Grants Stock Options to Director, CFO & Corporate Secretary - More
- June 20, 2007 | Item | E-mail
Augusta Closes $37.5 Million Sumitomo/Harbinger Financing - More
- June 20, 2007 | Item | E-mail
Full Metal Commences Drilling at Mt. Andrew and Exploration Update - More
- June 20, 2007 | Item | E-mail
Lero Gold Corp. Enters Into Tokhtazan Sale and Purchase Agreement - More
- June 20, 2007 | Item | E-mail
Goldcrest Intersects Additional Copper-Gold Mineralization at its Gaoua Copper-Gold Project in Burkina Faso, West Africa - More
- June 20, 2007 | Item | E-mail
Breakwater Annual Meeting to be Webcast - More
- June 20, 2007 | Item | E-mail
Intrepid Submits Casposo Project Environmental Impact Assessment Report - More
- June 20, 2007 | Item | E-mail
Kodiak Forms Separate Base Metal, Gold and Uranium Divisions for Rapid Growth - More
- June 20, 2007 | Item | E-mail
Gemini Explorations Inc Signs Letter of Intent to Acquire Los Chorros Gold Mine - More
- June 20, 2007 | Item | E-mail
Goldcorp to Complete Due Diligence of the Matheson JV Property Located in Timmins Mining Camp - More
- June 20, 2007 | Item | E-mail
Temex Acquires Additional Nickel Exploration Property Adjacent to Golden Chalice Nickel Discovery - More
- June 20, 2007 | Item | E-mail
GLR Resources to Clarify News Release Regarding the Feasibility Study - More
- June 20, 2007 | Item | E-mail
Puma Exploration: Drilling Begins on the Little Stull Lake Gold Deposit, Manitoba - More
- June 20, 2007 | Item | E-mail
Pacific North West Capital Corp. - Nickelmuir Project Acquired, Timmins, Ontario - Aggressive Nickel & PGM Exploration Acquisition Programs Underway - More
- June 20, 2007 | Item | E-mail
Golden Eagle Receives Loan Proceeds to Complete Gold Production Plant on C Zone Project - More
- June 20, 2007 | Item | E-mail
ITH Signs Option Agreement to Earn Interest in New High-Grade Alaskan Gold Project - More
- June 20, 2007 | Item | E-mail
Unico, Inc. Announces Additional Updates on Reconstruction Progress at the Mill and Processing Facility at the Deer Trail Mine - More
- June 20, 2007 | Item | E-mail
Scandinavian Minerals Signs Engineering Agreement With Outotec Oy - More
- June 20, 2007 | Item | E-mail
Typhoon Acquires Key Ground Near Goldcorp in James Bay Mining Camp, Quebec - More
- June 20, 2007 | Item | E-mail
DIA BRAS Drills 1.5 Metres of 8,310 g/t Ag at Cusi Within 9.0 Metres of 1,651 g/t Ag at the Promontorio Silver Mine in the Cusi District - More
- June 20, 2007 | Item | E-mail
Orex Closes a Private Placement With MineralFields for Goldboro Phase 2 Exploration - More
- June 20, 2007 | Item | E-mail
Gold Bullion Development Corp.: Rousseau Gold Mine Property-Underground Mining Operations-Receives Certificate of Authorization - More
- June 20, 2007 | Item | E-mail
BacTech Sells Back-In Rights to Gold Bioleach Technology in China - More
- June 20, 2007 | Item | E-mail
Colibri intersects Near-Surface Zinc Mineralization on the Verde Zone at Ramard Project, Sonora, Mexico - More
- June 20, 2007 | Item | E-mail
Tao Minerals Names Cohen Consulting as Agency of Record - More
- June 20, 2007 | Item | E-mail
Cerro Rico and Pulacayo Projects Receive the Support of Bolivian Mine Workers - More
- June 20, 2007 | Item | E-mail
Explorator Resources Receives Exchange Approval on Venus-Marcelo Claim Block Acquisition, Files NI43-101 Report - More
- June 20, 2007 | Item | E-mail
Largo Reports More Positive Drill Results From Maracas Vanadium-PGM Project in Brazil - More
- June 20, 2007 | Item | E-mail
Golden China and BacTech Agree to Amend Exclusive Licensing Agreement for Proprietary BACOX(C) Technology Use - More
- June 20, 2007 | Item | E-mail
Dhanoa Minerals Modernization Effort Producing Additional Revenues of $5,500,000 From ''Tailings'' - More
- June 20, 2007 | Item | E-mail
Canstar Resources to Commence Drilling on the Shrimp Lake and Tahoe Lake Projects, Northwestern Ontario; Mary March Project Update - More
- June 20, 2007 | Item | E-mail
Asian Dragon Group Inc., Announces Closing of $1 Million Bridge Financing as It Continues Its Focus on Institutional Capital - More
- June 20, 2007 | Item | E-mail
Canadian Mining Company Inc. announces exploration update - Bullard Pass, Arizona - More
- June 20, 2007 | Item | E-mail
Globex Mining Enterprises Inc.: Underground Development to Proceed at Rousseau Gold Deposit - More
- June 20, 2007 | Item | E-mail
BCM Resources: Announces Correction - More
- June 20, 2007 | Item | E-mail
CMQ Commences 2007 Drilling Program - More
- June 20, 2007 | Item | E-mail
Andina Minerals Inc.: Geophysics Outlines New Targets on Volcan Gold Project - More
- June 20, 2007 | Item | E-mail
CORRECTION FROM SOURCE: Royal Standard Minerals Inc. Announces a Normal Course Issuer Bid - More
- June 20, 2007 | Item | E-mail
Seafield Appoints Two New Directors - More
- June 20, 2007 | Item | E-mail
Explor Resources Inc.: Private Placement - More
- June 20, 2007 | Item | E-mail
Skygold Ventures Ltd.: Three Diamond Drills Turning at Spanish Mountain - More
- June 20, 2007 | Item | E-mail
Minera Andes announces retraction and clarification of news release - More
- June 20, 2007 | Item | E-mail
Global Minerals acquires mining claims in Jerritt Canyon District - More
- June 20, 2007 | Item | E-mail
Western Goldfields Announces Production Ahead of Schedule by Three Months - More
- June 20, 2007 | Item | E-mail
Abitibi Grassroots Exploration Program Update - More
- June 20, 2007 | Item | E-mail
Royal Standard Minerals Inc. Announces a Normal Course Issuer Bid - More
- June 20, 2007 | Item | E-mail
Pacific Comox Resources Ltd. Press Release - More
- June 20, 2007 | Item | E-mail
Carlisle updates drilling program at Lynn Lake - More
- June 20, 2007 | Item | E-mail
Carpathian Pulls Best Hole to Date at Rovina: 526.5 m of 1.22 g/t Au eq. (including 202 m of 1.45 g/t Au eq.) - More
- June 20, 2007 | Item | E-mail
Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI): Geologist Benoit Viloette Has Submitted First Samples to Laboratory After Announcing Major Gold Discovery - More
- June 20, 2007 | Item | E-mail
TTM Resources Inc.: Phase 2 Drilling Program Continues to Return High Grade Molybdenum Values on CHU Project, B.C. - More
- June 20, 2007 | Item | E-mail
Brookmount Explorations Inc. Provides Operations Update - More
- June 20, 2007 | Item | E-mail
Rob McEwen and Sprott Asset Management to Invest $6.21 million in Freegold Ventures - More
- June 20, 2007 | Item | E-mail
Galantas Gold Corporation-Result of AGM - More
- June 20, 2007 | Item | E-mail
HE-5 Resources, Corp. Publishes Senior Geologist Summary of Lab Assay Results From Phase I of Drilling Program at Overman Property - More
- June 20, 2007 | Item | E-mail
Verena Signs Amending Agreement with Kinross on the Monte do Carmo Project - More
- June 20, 2007 | Item | E-mail
Initial Annual Gross Revenue Estimated @ $2,737,800.00 - Average Combined Gold Recovery From 3 Operating Mine Sites, Pearl Asian Mining Announces - More
- June 20, 2007 | Item | E-mail
Drill Results at Picacho Deliver 11.28 Meters of 15.57 Grams Gold and 32.41 Grams Silver - More
- June 20, 2007 | Item | E-mail
Anglo Swiss Resources Retains AGORACOM - More
- June 20, 2007 | Item | E-mail
St. Eugene Mining Corporation grants options to Advisory Group - More
- June 20, 2007 | Item | E-mail
Rare Element Resources Ltd - Drilling Underway at Rare Element Resources-Newmont Gold Joint Venture - More
- June 20, 2007 | Item | E-mail
Golden Arch Resources Ltd. announces work program on Wakefield Lakes, Saskatchewan zinc project - More
- June 20, 2007 | Item | E-mail
First Gold Exploration Starts a 6,500 Meters Diamond Drill Program at X-Ore's Croinor - More
- June 20, 2007 | Item | E-mail
Geneva Resources, Inc. Extends Option Term on Agreement With Allied Minerals To Complete Sampling on Nigerian Property - More
- June 20, 2007 | Item | E-mail
Redcorp Ventures Ltd.: Progress Report on Big Bull Exploration Program - More
- June 20, 2007 | Item | E-mail
Tiomin Completes Jinchuan Investment, Appoints Director - More
- June 20, 2007 | Item | E-mail
Pacific Gold Corp. Receives 'Buy/4' Rating In Initial 'Benchmark' Report By Investrend Research Analyst James P.W. Darcel - More
- June 20, 2007 | Item | E-mail
Atlanta Gold Starts Phase I of Drilling Program on Atlanta Gold Property in Idaho - More
- June 20, 2007 | Item | E-mail
Midlands Minerals Completes Private Placement and Accelerates Drilling Program on Sian-Ghana - More
- June 20, 2007 | Item | E-mail
Stratabound Announces More Drill Results at Elmtree Gold Property - More
- June 20, 2007 | Item | E-mail
Mercator Provides Construction Update - More
- June 20, 2007 | Item | E-mail
General Metals Corporation Executes Confidentiality Agreement With Newmont Mining Providing Mutual Protection on Data Exchange at Independence Mine - More
- June 20, 2007 | Item | E-mail
Ascendant Copper Clarifies Results of Check Assaying Program on Junin Property - More
- June 20, 2007 | Item | E-mail
Southwestern Resources Boka Project Update - More
- June 20, 2007 | Item | E-mail
Marifil Finds More Zinc in Historic "MIM" Drill-Core From San Roque Zinc-Indium-Gold Project - More
- June 20, 2007 | Item | E-mail
New Research Update Issued on Sierra Gold Corp by Beacon Equity Research - More
- June 20, 2007 | Item | E-mail
Hemis Announces Initial El Tigre Drill Results - More
- June 20, 2007 | Item | E-mail
Lateegra Drills 11.28 Meters of 15.57 Grams Gold and 32.41 Grams Silver per Tonne at Picacho - More
- June 20, 2007 | Item | E-mail
EURO Ressources S.A. Announces Amended Canadian Filings for 2006 - More
- June 20, 2007 | Item | E-mail
Aquila Drills Largest Zinc Intercept to Date 87 Meters 9.8% Zinc and Identifies Additional Gold Mineralization 27.8 Meters 5.07 Grams Per Tonne Gold - More
- June 20, 2007 | Item | E-mail
Esperanza Extends Cerro Jumil's Southeast Zone - "Esperanza Silver Corporation (TSX VENTURE:EPZ - News; PINK SHEETS:ESPZF - News) is pleased to provide this update of the ongoing drilling program at its 100%-owned Cerro Jumil project in Morelos State, Mexico. Cerro Jumil is a potential open-pit, heap-leach operation with skarn-type mineralization." More
- June 20, 2007 | Item | E-mail
RPT Uranium Corp. Acquires More Ground in the Sibley Basin - More
- June 20, 2007 | Item | E-mail
Jourdan Launches Wakeham Basin Uranium Exploration Program - More
- June 20, 2007 | Item | E-mail
Uranium Energy Corp Appoints Larry Wilbanks as Regional Geologist and Manager of Colorado Plateau Exploration and Development Program - More
- June 20, 2007 | Item | E-mail
Alberta Star's Comprehensive $15 Million Dollar IOCG &,Uranium Program in Full Swing at Eldorado & Contact Lake, NT - More
- June 20, 2007 | Item | E-mail
Purepoint Uranium Group Inc.: Outlines Summer Drill Program - More
- June 20, 2007 | Item | E-mail
Excellon Selected One of TSX Venture 50 - "Excellon's inclusion in the TSX Venture 50 is another sign of the Company's growth," said Richard W. Brissenden, Excellon's president and CEO. "We continue to work hard to increase our production and cash, expand our resource, and explore for the world-class deposit we believe to be at Platosa." More
- June 20, 2007 | Item | E-mail
Fury Sampling Outlines New Gold / Silver Zone at Guijoso - "Sampling to date has been focused in the Guijoso Mina area, a 350 meter wide zone of veining. Although not all results have been received for this area, a 400 metre long zone of interesting gold and silver values has now been outlined. The zone is within the Central Vein and is located 350 metres along strike from a historical working which previously returned very high assays (see PR2007-4). Highlights of the recently returned assays are shown in Table 1." More
- June 20, 2007 | Item | E-mail
Freeport Surging After Phelps Dodge Buy - "Freeport-McMoRan Copper & Gold Inc.'s $26.4 billion purchase of Phelps Dodge Corp. is turning out better than expected. The company, now the largest publicly traded copper producer, is surging from copper prices that remain three times what they were in the 1990s, and the company could pay off $10 billion in debt that came from the Phelps Dodge deal by the end of this year, CEO Richard C. Adkerson said." More
- June 20, 2007 | Item | E-mail
Metallica Resources Terminates Mining Contract With Washington Group Latin America at Cerro San Pedro Project, Mexico - "Metallica Resources, Inc. (Toronto:MR.TO - News)(AMEX:MRB - News) announced today that its subsidiary, Minera San Xavier, S.A. de C.V., a Mexican corporation ("MSX"), has terminated its mining contract with Washington Group Latin America, Inc. ("WGLA") under which WGLA had served as the mining contractor for MSX's Cerro San Pedro Mining Project in Mexico." More
- June 19, 2007 | Item | E-mail
Ivanhoe sees Mongolia OK for copper-gold mine - "Canada's Ivanhoe Mines Ltd (IVN.TO: Quote, Profile , Research) expects the Mongolian National Parliament will approve a final agreement for development of its giant Oyu Tolgoi copper and gold project in July and production could begin in late 2009 or early 2010, the company said on Tuesday." More
- June 19, 2007 | Item | E-mail
Gammon Lake Announces Name Change to Gammon Gold Inc. - "Gammon Lake Resources Inc. ("Gammon Lake") (TSX:GAM and AMEX:GRS) is pleased to announce that it has formally changed its corporate name to Gammon Gold Inc. The change in corporate name was approved by shareholders at the Corporation's Annual and Special Shareholders' Meeting on June 6, 2007. At open of business today, the Corporation's Common Shares began trading on the TSX and AMEX under the new name." More
- June 19, 2007 | Item | E-mail
Claude Resources Provides an Update of the Exploration Potential of its Madsen Property, Red Lake, Ontario - "Claude Resources Inc. (TSX: CRJ / AMEX: CGR) ("Claude") is pleased to provide an update on its review of the mineral potential of its Madsen property in the Red Lake area of northern Ontario, Canada. The Madsen property comprises over 4,000 hectares (10,000 acres) of contiguous claims and contains the Madsen mine shaft, mill and permitted tailings pond. The Madsen mine was the third largest gold producer in the Red Lake camp after the Campbell and Red Lake mines, now owned by Goldcorp." More
- June 19, 2007 | Item | E-mail
IAMGOLD's Westwood Resource Grows 128% - "IAMGOLD Corporation ("IAMGOLD" or "the Company") (Toronto:IMG.TO - News)(NYSE:IAG - News)(Boston:IAMGOLD - News) is pleased to announce a revised resource estimate at the Westwood exploration project located on the Cadillac Break in the Abitibi region, 40 km east of Rouyn-Noranda in the Bousquet township in northern Quebec, close to the Company's Doyon operation." More
- June 19, 2007 | Item | E-mail
Endeavour Silver Corp.: Shareholders Re-Elect Board, Appoint New Director - "Endeavour Silver Corp. (Toronto:EDR.TO - News)(AMEX:EXK - News)(DBFrankfurt:EJD) announces that shareholders re-elected the Board of Directors at the Annual General Meeting of the Company held on June 14, 2007 in Vancouver, BC. Shareholders also appointed a new Director, Mr. Rex McLennan." More
- June 19, 2007 | Item | E-mail
Molybdenums Diversity Keeps Demand Firm - More
- June 19, 2007 | Item | E-mail
Erdene Gold says molybdenum discovery in Mongolia 3 times bigger than thought - More
- June 19, 2007 | Item | E-mail
Silvercorp Reports on the Mac Molybdenum Property, BC, Canada and the Ying Molybdenum Property, Henan, China - More
- June 19, 2007 | Item | E-mail
Rubicon Hits More High-Grade Gold at Phoenix Gold Project, Red Lake - "Drilling west of the historical underground workings at the McFinley Mine has intersected new high-grade gold mineralization in the West Mine Target area. This new, previously untested target area is wide open for follow up expansion. Drill hole WMT-07-01 returned 42.99 g/t gold over 1.55 metres from a fault zone containing visible gold. The fault zone is hosted by mafic volcanic rocks. A second hole, WMT-07-02, drilled 30 metres to the south intersected what is interpreted to be the same fault structure although visible gold was not observed." More
- June 19, 2007 | Item | E-mail
Silverstone Continues to Expand Mineralized Zones at the Copala Silver-Gold Project, Sinaloa State, Mexico - "Silverstone Resources Corp. ("Silverstone") (CDNX:SST.V - News) is pleased to report results from 14 additional drill holes (1355m HQ core drilling) from the company's ongoing Phase IIA drilling on the Copala Project. Copala is located 60km ENE of the city of Mazatlan, Sinaloa State, Mexico. All of the drill holes were targeted on mineralization in the Clemens and El Muerto zones on the Animas Refugio vein." More
- June 19, 2007 | Item | E-mail
MAG & Penoles Report Drill Results From Valdecanas Vein, Hole GD - "MAG Silver Corp. (CDNX:MAG.V - News) and Industrias Penoles S.A. de C.V. (Penoles) are pleased to announce visual results from Hole GD on the Valdecanas Vein. Hole GD, located 600 metres west of the discovery section M, has reported a 16.0 metre (core length) banded and brecciated quartz vein intercept at 804.5 metres down hole. It carries lead, zinc and silver sulphides." More
- June 19, 2007 | Item | E-mail
Aura Silver & Sterling Mining Complete Definitive Agreement on Pine Creek Property, Idaho; Exploration Underway - "Aura Silver Resources Inc. (TSX VENTURE:AUU - News; the "Company" or "Aura Silver") announced today that the Company and Sterling Mining Company have completed a formal agreement to explore the Pine Creek Area Properties. This Agreement details the proposal for an exploration Joint Venture in the Silver Valley originally signed in 2006 between the two companies (see Aura Silver press release dated October 2, 2006)." More
- June 18, 2007 | Item | E-mail
Fronteer's Turkish Deposits Increase to 3.5 Million Ounces Gold Equivalent - "Fronteer Development Group (Toronto:FRG.TO - News)(AMEX:FRG - News) ("Fronteer" or the "Company") announced today that the new combined resource estimate for its Agi Dagi and Kirazli deposits has increased by 53% over last year's estimate, reflecting steady growth at all projects, with overall discovery costs of approximately US$5 per ounce." More
- June 18, 2007 | Item | E-mail
Excellon Reports Nine Month Earnings of $11,751,506 and Third Quarter Earnings of $3,906,859 - "Production for the quarter ended April 30, 2007 improved from the prior quarter, but was still below our target of 15,000 tonnes. Shipments to the Naica milling facility of Industrias Penoles S.A. de C.V. ("Penoles") were 12,095 tonnes during the period compared with 13,483 tonnes for the quarter ended April 30, 2006 and 8,546 tonnes for the quarter ended January 31, 2007." More
- June 18, 2007 | Item | E-mail
First Majestic Silver Corp.: La Encantada Silver Mine Update and New NI 43-101 Resource - "FIRST MAJESTIC SILVER CORP. (CDNX:FR.V - News)(Other OTC:FRMSF.PK - News)(Frankfurt:FMV.F - News)(WKN: A0LHKJ) ("First Majestic" or the "Company") is pleased to announce an update regarding its activities in Mexico at the La Encantada Silver Mine and the resource development presently underway." More
- June 18, 2007 | Item | E-mail
Silver Dragon Discovers New Mineralized Chimney At Cerro Las Minitas Silver Project, Durango, Mexico - "Silver Dragon Resources Inc. (OTC BB:SDRG.OB - News) is pleased to announce the discovery of a new mineralized chimney at Cerro Las Minitas, the Company's Silver Project in Durango, Mexico. The new chimney discovery, which has been named Esperanza, has been cut by three diamond drill holes, LM-17, LM-18, and LM-20." More
- June 18, 2007 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 20 June, 2007 | |
