February 2012

Gold drops $75 in one hour, crashes through $1,700 after a 1 million oz trade

Precious Metals

Gold drops $75 in one hour, crashes through $1,700 after a 1 million oz trade

The dramatic fall came after comments from the US Federal Reserve that seemed to preclude any chance of another round of monetary easing or so-called QE3 and that its policy of zero interest rates may be coming to a end sooner than previously thought.

Frik Els | February 29, 2012 - 10:55 pm

Challenges facing the Australian diamond industry

Challenges facing the Australian diamond industry

After five years of declines, primarily attributed to low production, poor prices, and a high Australian dollar, IBISWorld’s “Industries to fly and fall in 2012” report forecasts a “revenue rebound” for Australia’s diamond and gemstone mining industry that will involve five years of growth with industry revenues climbing to $947.3 million by 2016-17.

Resource Investing News | February 29, 2012 - 9:19 pm

Precious Metals

Mega Announces $15 Million Private Placement Financing

Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega") is pleased to announce that it has entered into an agreement with Jennings Capital Inc., as lead agent on behalf of a syndicate of agents including Fraser Mackenzie Limited and PowerOne Capital Markets Limited (collectively, the "Agents"), in connection with a best efforts private placement offering of up to 8,196,722 units ("Units") of Mega at a price of $0.61 per Unit and up to 12,965,340 flow-through units ("Flow-Through Units") of Mega at an average price of $0.77 per Flow-Through Unit for aggregate gross proceeds of up to $15 million (the "Offering"). THUNDER BAY, ONTARIO--(Marketwire - Feb. 29, 2012) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...

Marketwire - Mining and Metals | February 29, 2012 - 9:02 pm

Copper remains a buy for speculators

Copper remains a buy for speculators

Speculative buying of commodities, including copper, may continue to gain traction as prices are pegged to rise amid a steady rebound in the global economy, especially in the United States. Although Europe’s financial outlook remains on shaky ground, geopolitical risks in Iran and across the Middle East are pushing up energy costs, and China’s economy is showing signs of slowing down, demand for the red metal is expected to remain steady

Copper Investing News | February 29, 2012 - 8:59 pm

Precious Metals

Pershimco Resources announces completion of C$30,000,000 bought deal offering

ROUYN-NORANDA, QUEBEC--(Marketwire - Feb. 29, 2012) -

Marketwire - Mining and Metals | February 29, 2012 - 8:37 pm

Precious Metals

Diamond Drilling at Dolly Varden Property intersects 19.65m grading 388 g/t (11.31 oz/ton) silver

olly Varden Silver Corporation (TSX VENTURE:DV) (the "Company") is pleased to report on results from its 2011 diamond drilling program at the Wolf Mine that is on its 9374 hectare Dolly Varden Property (the "Property"), located 40 km south of Stewart, BC.

Marketwire - Mining and Metals | February 29, 2012 - 8:00 pm

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Graphite Partnership Established with Amseco Exploration

St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(OTCQX:SXOOF)(BSE:85G)is pleased to announce that it teams up with Amseco Exploration Ltd. in order to acquire and explore more than 10,110 hectares in a district known to host multiple graphite occurrences these properties were acquired by the staking of crown lands and will result in no dilution to our shareholders.

Marketwire - Mining and Metals | February 29, 2012 - 7:43 pm

Strait Gold options Caribe copper property in Peru

Strait Gold Corporation ("Strait Gold" or the "Company") (TSX VENTURE:SRD) is pleased to report that it has reached an agreement with Minera Senna EIRL ("Senna"), a private Peruvian company, giving Strait Gold the option to purchase a 100% interest in the Caribe copper property in Peru's Apurimac Region.

Marketwire - Mining and Metals | February 29, 2012 - 7:17 pm

Precious Metals

Why U.S. Gov’t confiscated gold in 1933. Can it happen again?

More and more investors are asking this question.

Julian D.W. Phillips - Gold Forecaster | February 29, 2012 - 6:59 pm

Coro spreads out payments on Minera San Jorge mine; stock slips 4.25%

Coro spreads out payments on Minera San Jorge mine; stock slips 4.25%

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - Coro Mining Corp. ("Coro" or the "Company") (TSX VENTURE:COP) is pleased to announce that Franco-Nevada Corporation ("Franco Nevada") and the Company have agreed to amend the term...

Andrew Topf | February 29, 2012 - 6:45 pm

Videos

Mining’s next big threat: EY warns high prices are masking deeper risks

Mining’s next big threat: EY warns high prices are masking deeper risks

October 30, 2026

Gold could defy another Fed rate hike, Peter Grandich says

Gold could defy another Fed rate hike, Peter Grandich says

October 29, 2026

Gold juniors trading at ‘80% off’ as mining takeover wave looms, says Michael Gentile

Gold juniors trading at ‘80% off’ as mining takeover wave looms, says Michael Gentile

October 19, 2026

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