LONDON (Commodity Online) : Worlds leading mining company, Fresnillo PLC said first-quarter gold production rose over 13% to 96,407 ounces due to the expanded capacity of the group’s Soledad-Dipolos facility.
Solitario Exploration & Royalty Corp. (NYSE Amex:XPL) (TSX:SLR) today announced that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Caza Gold Corp. (CZY.V) shares were down $0.02 to $0.56 each prior to the company reporting that its geological team identified several strong trace element anomalies associated with high gold values and high sulfidation alteration on the Los Andes gold property in Nicaragua.
Aurcana Corporation (AUN.V) is down another 5% at 71 cents today, and has touched a day low of 68 cents with close to 7 million shares traded.
Shares of Gold Resource Co. (GORO) saw major losses on Tuesday. The stock traded down ($1.84) or 6.47% for the day and last traded at $26.59. Approximately 389,871 shares changed hands during mid-day trading.
Mercator Minerals Ltd. (ML.TO) went down by more than 8% to $3.38 after announcing that it has agreed to acquire Creston Moly Corp. (CMS.V) in a friendly deal that values Creston at about $195 million, which will will create a “significant” copper and molybdenum miner with operations in the United States and Mexico.
Endeavour Silver Corp. (CAN) (NYSE:EXK) went down by 7.84% to close at $11.40 with total traded volume of 8.33 million shares in the last trading day. Its price to earnings ratio stands at 114 times till its last trading session. The RSI value of 64.93 times depicts that the current share value is in overbought level.
Apr 12, 2011 (SmarTrend(R) News Watch via COMTEX) — Below are the top five companies in the Precious Metals & Minerals industry ranked by the lowest short interest ratio. A low short interest ratio may indicate that there are only a few people who are bearish on the stock.
DENVER, April 12, 2011 /PRNewswire/ — Gold Resource Corporation (GORO) (NYSE Amex: GORO) today announced the acceptance of its CFO’s resignation who has taken a full-time position with another company. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
VANCOUVER, April 11 /CNW/ – Silver Wheaton Corp. (“Silver Wheaton” or the “Company”) (TSX: SLW) (NYSE: SLW) is pleased to announce that Randy Smallwood, currently the Company’s President, has been appointed Chief Executive Officer. He will replace Peter Barnes, who has resigned effective April 11, 2011. As part of the transition process, Mr. Barnes has agreed to enter into a consulting agreement with Silver Wheaton.
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