Canadian gold miner Yamana Gold Inc. (NYSE: AUY) announced this morning that it is acquiring Canadian junior miner Extorre Gold Mines Ltd. (AMEX: XG) for a total of about $395 million. Yamana…
Barrick Gold Corp. (NYSE: ABX) announced this morning that it has replaced now-former CEO Aaron Regent and appointed the company’s now-former CFO, Jamie Sokalsky, as the new CEO, effective immediately. Sokalsky will…
Of the top 25 price gainers today, 15 are gold or silver miners, most are the juniors, and all are up about 9%-12%. Recent weak US employment news and a pricey dollar-euro…
Gold and silver have finally indicated that the free fall we saw over the last month may have at least stabilized. The markets are mixed today in the commodities and the miners…
For those who believe that the price of gold is going to rise, Royal Gold Inc. (NASDAQ: RGLD) may be worth another look. Shares are essentially flat over the past 12 months,…
Gold has been trading in a fairly narrow range between $1,600-$1,700/ounce for the past two months after ending 2011 at around $1,525/ounce. Gold prices spiked to near $1,800/ounce in February, but none…
Markets opened flat to lower this morning and stayed right around the break-even line most of the morning. The report on factory orders was weaker than expected(our coverage here), although new car…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday. Apple Inc. (NASDAQ: AAPL) Started as Buy at Auriga; target raised to…
Rubicon Minerals Corp. (AMEX: RBY) said today that it has received approval from the Ontario, Canada, environmental ministry for its proposed amendments to water, sewage, and air permits at the company’s Phoenix…
Gold is trying to recover on Thursday as it moves back and forth between being a risk-trade asset and an end of the world trade. While gold may be on the mend or at least…
Wednesday is a fairly busy day for earnings expectations. We are expecting the following reports: Abercrombie & Fitch Co. (NYSE: ANF); Agilent Technologies, Inc. (NYSE: A); Blue Nile Inc. (NASDAQ: NILE); Clearwire Corporation…
Silver and gold miners just got some great news today after having lost so much luster in recent months. The FOMC has now telegraphed that it expects that interest rates will remain…
Earlier this week, Kinross Gold Corp. (NYSE: KGC) released a preliminary statement on 2012 production, mining costs, and a writedown a portion of $4.6 billion in goodwill on an African property. Shares…
Goldcorp Inc. (NYSE: GG) is chasing Newmont Mining Corporation (NYSE: NEM) with the wider ambition of being king of the dividends in the gold mining and production sector. The company has raised its dividend…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Alcoa, Inc. (NYSE: AA) Cut to Hold at Deutsche Bank.…
