Posts Tagged ‘Gold’

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 9, 2012) -   Silvercorp Metals Inc.  (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) today released production guidance for fiscal year ending March 31, 2013. The Company forecasts its silver production to increase by 20%, gold production to increase by 90%, and lead and zinc production to increase by 12% and 63% respectively, marking the 8 th  consecutive year of increases ... Full story

A northern BC miner has hit the proverbial jackpot. Steve Murphy, a 52-year-old mine manager at Chieftain Metals, won $16.6 million on the Lotto Max draw last week Full story

Lake Shore Gold, an aspiring Canadian mid-tier gold producer, has joined forces with Franco-Nevada Corporation in a $50 million royalty and equity agreement. Both companies are listed on the Toronto and New York exchanges. Full story

A new resource will likely lead to greater reserves, already at 38.5 million ounces gold, and could improve project economics, Seabridge says. Full story

ROUYN-NORANDA, QUEBEC–(Marketwire – Feb. 8, 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. Pershimco Resources Inc. Full story

Peru’s Mines and Energy Ministry (MEM) reported a drop in the 2011 production of the country’s major export metals, including silver, copper, gold, lead, tin and zinc. Silver production fell 6.22% in 2011, compared to 2010; followed by copper (0.96%) and gold (0.04%). In contrast, iron ore and molybdenum production increased According to data provided by the MEM, Peru’s cumulative gold production for last ... Full story

Yukon-Nevada Gold Corp. Full story

- TORONTO, CANADA-- - Seabridge Gold announced today that a successful 2011 drill campaign at its 100%-owned KSM project has increased estimated measured and indicated gold resources by 3.7 million ounces ... Full story

China continues to see rising gold consumption with a virtual tripling of gold imports through Hong Kong in 2011, but demand in December appears to have stuttered ahead of the Lunar New Year. Full story

According to David Levenstein, the continued printing of money at unprescedented rates will lead to currency debasement and should boost precious metal prices Full story