Following the massive sell-off of gold in September, the price of the yellow metal has stabilized is headed for recovery after dropping from the record high of $1923.70 on September 6.
Lake Shore Gold Corp. (TSX:LSG,AMEX:LSG) announced results of drilling at the Ontario-based Fenn-Gib project.
Forbes reported that gold is expected to move next week on pending economic reports.
Polar Star Mining Corporation (TSX:PSR) announced the beginning of production at its Chépica epithermal gold-silver-copper mine in central Chile.
Soltoro Ltd. (TSXV:SOL) announced the completion of a drill program at its Mexico-based Chinipas Project.
Bloomberg reported that anxiety over European debt caused gold prices to decline from a five-week high.
Reuters reported that Q3 profits for Newmont Mining Corp (NYSE:NEM) were higher than Wall Street estimates.
The world economy is seriously messed up – and so are the markets. Ignore the party music still playing, it’s time to get your jacket and head towards the door…
