Sep 30

Unigold Extends Expiry Date of Warrants

Gold Price Comments Off on Unigold Extends Expiry Date of Warrants

Unigold Inc. (TSXV:UGD) extended the expiry date of 10,425,000 warrants that were originally set to expire on November 17, 2013. The new expiry date of the warrants is on November 17, 2015.

Continue reading…

Tagged with:
Sep 30

C$15 Million Private Placement Announced by Klondex Mines

Gold Price Comments Off on C$15 Million Private Placement Announced by Klondex Mines

Klondex Mines Ltd. (TSX:KDX) entered into an agreement with GMP Securities L.P. on a private placement of special warrants to raise aggregate gross proceeds of C$15 million, at an issue price to be determined in the context of the market.

Continue reading…

Tagged with:
Sep 30

Western Australia Gold Mine in Production

Gold Price Comments Off on Western Australia Gold Mine in Production

ABC News reports that Tropicana, Western Australia’s latest gold mine, has poured its first gold.

Continue reading…

Tagged with:
Sep 30

LBMA 2013 in Numbers So Far

Gold Price Comments Off on LBMA 2013 in Numbers So Far
Live, or very nearly, from the London Bullion Market Association’s annual conference…
 

LBMA 2013 in Rome has told us what so far? asks Adrian Ash, typing furiously before the conference’s next engagement.
 
9 kilograms – how much of Germany’s huge gold reserves are unallocated. That’s less than 1 bar of wholesale gold. Meaning it owns the other 3389.7 tonnes outright, whether in Frankfurt, the New York Fed, Banque de France or Bank of England. And yes, the bars it’s going to be shipped from the NY Fed are the specific bars already stated on its allocated bar lists, said Clemens Werner, deputy head of market operations at the Bundesbank…
 
2 bars – the number owned by the Bank of England, as Matthew Hunt of the Customer Banking Division revealed. You can count those gold bars yourself in its monetary museum. Because unlike most other central banks, the UK’s reserves belong to and are controlled by the Treasury. It is simply custodian, caring for Britain’s (much shrunken) gold as part of the 400,000-odd large bars in its underground vaults…
 
65% – the proportion of Indian gold demand which comes from rural areas according to Shekhar Bhandari. Executive Vice President, Kotak Mahindra Bank. That makes the monsoon, wedding and traditional festive seasons key. It also prevents the government selling inflation-linked bonds or other financial products as a way of trying to stem that demand. Because rural savers simply aren’t interested…
 
Just 1 or 2 – a handful of small junior gold miners, said Tom Kendall of Credit Suisse, are turning to forward sales to “hedge” their production, and lock in current prices. But that’s simply to raise cash for specific projects. Like the major producers, most want to keep full exposure to the price today, a very different world to how the industry treated the bear market of the 1990s.
 
From 11% to 30% – the jump this April in implied volatility in 1-month options on the gold price. Leaping from multi-year lows, the move took 1-month volatility above the 1-year figure, noted Patrick Green, director of commodities trading at Barclays. Meaning the gold price was in stress, and pushing trading activity into shorter-dated contracts. “Any further price fall will likely mean higher volatility again,” he said.
 
727 people from 316 companies – this year’s new record attendance for the LBMA conference. And while it might say “London”, the market meeting here in Rome this week really is global.
 
More tomorrow, the second and last day of LBMA 2013, with live news and tidbits as we get them on Bullionvault’s Twitter feed.
 
  • Reddit
  • Facebook
  • Twitter
  • Google
  • Yahoo
  • LinkedIn
  • Digg
  • StumbleUpon
  • Technorati
  • del.icio.us
Tagged with:
Sep 30

Brazil Resources Inc. to Acquire Brazilian Gold Cold Corporation

Gold Price Comments Off on Brazil Resources Inc. to Acquire Brazilian Gold Cold Corporation

Brazil Resources Inc. (TSXV:BRI,OTCQX:BRIZF) entered into an arrangement agreement with Brazilian Gold Corporation (TSXV:BGC), where Brazil Resources will acquire all of the outstanding common shares of Brazilian Gold Corporation.

Continue reading…

Tagged with:
Sep 30

Grizzly Discoveries Receives NI 43-101 Technical Report for Greenwood

Gold Price Comments Off on Grizzly Discoveries Receives NI 43-101 Technical Report for Greenwood

Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) received a NI 43-101 technical report on its Greenwood Project, located in British Columbia. Based on exploration results to date, the Report recommended a phased follow-up exploration program within prioritized selected areas of the property. The Report will be filed on SEDAR within 45 days.

Continue reading…

Tagged with:
Sep 30

Klondex Mines Completes Toll Milling of Fire Creek Lot #1

Gold Price Comments Off on Klondex Mines Completes Toll Milling of Fire Creek Lot #1

Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) reported that toll milling of Fire Creek’s Lot #1 is complete, and toll milling of Lot #2 started on September 18, 2013. The Company also reported updates on underground development programs, and results of the metallurgical test-work from the Fire Creek Project in Nevada.

Continue reading…

Tagged with:
Sep 27

Greek Gold Mine Strangled by Red Tape

Gold Price Comments Off on Greek Gold Mine Strangled by Red Tape

A gold mine in Greece with potential to boost the economy is being held up by needless red tape, says Glory Resources (ASX:GLY), the Australian company behind it, CNBC reported.

Continue reading…

Tagged with:
Sep 27

Garibaldi Updates on Mexican, British Columbian Operations

Gold Price Comments Off on Garibaldi Updates on Mexican, British Columbian Operations

Garibaldi Resources Corp. (TSXV:GGI) provided an exploration and corporate update, commenting that in Mexico, it has drilled six new holes at a gold-copper target, while its pilot program at Tonichi is generating royalty income.

Continue reading…

Tagged with:
Sep 27

Unigold Inc. Applies for Extension of Warrants’ Expiry Date

Gold Price Comments Off on Unigold Inc. Applies for Extension of Warrants’ Expiry Date

Unigold Inc. (TSXV:UGD) has applied for an extension of expiry date of outstanding warrants to the TSX Venture Exchange.

Continue reading…

Tagged with:
preload preload preload
Get Adobe Flash player