American Bonanza (TSX: BZA) announced yesterday the results of a feasibility study showing positive economics for production at its Copperstone project in Arizona. The company plans to be in production in 2010.
Over 3 million shares traded yesterday closing up over 18% on the news.
Brian Kirwin, President and CEO of BZA is quoted saying:
“Copperstone has a [...]
Gold Investing News reports San Gold, an emerging gold producer is steadily building its production portfolio through continued exploration success on its Rice Lake project, Manitoba.
The company currently has reserves and resources established in five mineralized zones on its property. Two of these zones are currently in production at a rate of about 320 tons per day; [...]
Gold Investing News report gold prices settle at a $920 mark after surpassing a $1,000 last month.
The current price of gold, which was selling for $250 an ounce in 2001, is just too rich for some advisers, but there are others who insist an allocation to gold remains paramount in these uncertain economic times.
“With the [...]
Gold Investing News reports gold prices jumped slightly as the dollar fell.
Gold reached platinum prices, with both platinum and palladium falling on Friday in line with other commodities, following the collapse of a mooted deal to rescue ailing U.S. carmakers that knocked investors’ confidence. On Thursday night, a $14 billion bailout deal designed to aid the [...]
Gold Investing News reports gold markets did not seem to improve despite the Democrats, President-elect Obama won the recent elections.
Obama has proposed a $175 billion package. Analysts predict that gold may test $800-$805 after recent volatility, given the prospect of an improved economy. All of this may boost gold prices in the long-term, as demand [...]
Gold Investing News reports the weekend market news on gold and the US Dollar.
Driven by rumors that global markets may close for several days to allow governments to take remedial action, there was a flight for cash as the US dollar rose in value and equities plummeted on Friday.
For complete story, click this link. Follow [...]
Gold Investing News reports spot price for gold closed at US$842.60 per troy ounce on Tuesday after the announcement of bailing-out the banks on Friday last week.
Barnard Jacobs Mellet released a research report which suggests that gold mining companies are trading at very attractive valuations. The commentary outlined several reasons which included the relative market appreciation with [...]
Gold Investing News reports on the recent financial turmoil and the bail-out plan approved by the US lawmakers, found investors are afraid to put money into banks but going for gold commodity instead.
The Wall Street Journal has reported that export growth was anticipating a sharp decline in coming months, muting what had been one of the [...]
Gold Investing News reports the effects of the gold market prices with the revised progress of the US financial bail-out plan.
The S & P 500 climbed 5 percent by the end of Tuesday’s close, recovering from an 8.8 percent fall, its largest single day decline since October 1987. Following in the wake of Monday’s sell off, [...]
Gold Investing News reports the credit crunch and seizure of assets lately in the US financial markets.
The latest victim of the credit crunch was Washington Mutual Inc., a large Seattle based consumer and small business banking company that was established in 1889, as the Federal Deposit Insurance Corp. seized its assets on Thursday, selling some [...]
Friday, February 5, 2010
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