Gold

Crystallex International Halted (NYSE: KRY)

JP Morgan has issued a report on the growth of Kinross Gold (NYSE: KGC). In the report JP Morgan writes, "Although the geochemical anomaly that delivered the current mine was the largest one, we find it very difficult to believe that there won't be additional discoveries on the other 14 anomalies...

According to Deutsche Bank, Kinross Gold (NYSE: KGC) has two new additions to its portfolio. Deutsche Bank reported that it just returned from visiting mines located in Mauritania (Tasiast) and Ghana (Chirano), both new additions to the Kinross portfolio following the stock-based acquisition of...

Dahlman Rose is out with a research report this afternoon, where it reiterates its Buy rating on Allied Nevada Gold Corp. (AMEX: ANV); it has a $43.11 price target on the stock. The DR analysts cited the company's recent reserve and resource estimate update; Proven and Probable Au and Ag reserves...

Kinross Gold Corporation (NYSE: KGC) announced today that its 75%-owned subsidiary, Chukotka Mining and Geological Company, has entered into a Share Purchase Agreement with the State Unitary Enterprise of the Chukotka Autonomous Okrug, to repurchase the 2,292,348 shares of CMGC currently held by...

Patrick Chidley, an HSBC equity analyst, initiated coverage on Royal Gold (NYSE: RGLD) today with an "Overweight" rating and $64 price target. During Monday's trading session, RGLD shares have risen 0.72% to $52.08. The analyst said that the company is poised to triple revenue and quadruple its...

Kinross (NYSE: KGC) announced today that it has amended its unsecured revolving credit facility. The changes to the facility include an increase of available credit from US$600 million to US$1.2 billion, consistent with the growth of the company over the past year. The facility will expire on...

This morning the major gold mining stocks are holding up very well. Gold and silver are both catching bids higher today. The Market Vectors Gold Miners ETF(NYSE: GDX) is trading higher by 0.61 cents to $60.39 a share. The GDX will have intra-day resistance around the $60.65 area. This could be a...

Copper, gold, and silver are soaring again this morning, led by copper and silver, up 1% and 2%, respecitvely. Watch the underlying equity names like Freeport McMorgan Copper & Gold (NYSE: FCX), Barrick Gold (NYSE: ABX) and Silver Wheaton (NYSE: SLW) to see if these names and subsequent other...

A major driver of Newmont Mining's (NYSE: NEM) expansion plans is the exploration success at the Subika underground mine which is now expected to add 350koz pa. This deposit was thought until quite recently to only contain about 400,000oz, but has now been expanded to +3moz down to 800m, and the...

New Gold Inc. (NYSE: NGD) and Richfield Ventures Corp. today jointly announce a definitive agreement whereby New Gold will acquire, through a plan of arrangement, all of the outstanding common shares of Richfield. Under the terms of the Arrangement, each Richfield shareholder will receive 0.9217...

The market has been steadily climbing for the past two weeks, putting in small gains but seemingly remaining unsure of itself as divergences in different indices and sectors began to accumulate. Traders were looking to Friday's important economic data (Jobs Report, ISM Index, and Construction...

For this week the Top-8 as ranked by Market Cap are Apple (AAPL), Vale S.A. (VALE), Free McMoran (FCX), Barrick Gold (ABX), Baidu (BIDU), Research in Motion (RIMM), Cognizant Technlogy (CTSH), and Intuitive Surgical (ISRG). The Screener setup was as follows: Apple (AAPL) continues to hold the 50-...

According to J.P. Morgan, Newmont Mining (NYSE: NEM) hosted an analyst visit to its Akyem mine yesterday and is following up with an Ahafo visit today. J.P. Morgan reported that it feels this visit is a positive indication for the Newmont's Investor Day next week (Apr 7). “African regional...

Dr Kerim Sener was studying for his PhD in Australia ten years ago when he decided it was time to start his own mining company. In just a few years, Sener and his team had established a focus on discovering and developing gold projects in Turkey and went on to bring Ariana Resources (LON:AAU) to...