Year: 2011

New Gold Inc. (USA) (AMEX:NGD)

NGD fell 4.26% with the closing price of $8.00. The stock has average daily volume of $2.15 million shares.. Its fifty two week range was $3.87 – $10.29. The total market capitalization remained $3.14 billion.

Jan. 20 (Bloomberg) — Canadian stocks fell the most in two months as oil and base metals slumped on prospects of higher interest rates in China and gold slipped after reports on U.S. initial jobless claims and housing were better than forecast.

Newmont Mining Corporation (NYSE:NEM) fell 1.94% to $55.46. Newmont Mining Corporation is a gold producing company with assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico.

TORONTO, Jan. 19, 2011 — Silver Dragon Resources Inc. (“Silver Dragon” or “the Company”) (OTCBB:SDRG) provides this update to its shareholders on the status of various initiatives within the company.

OZ MINERALS expects to produce 110,000 tonnes of copper and up to 205,000 ounces of gold from its Prominent Hill mine this year, after exceeding production targets last year. Total copper production last year was 112,171 tonnes and gold production 196,400 ounces.

Canadian contract driller and lightweight exploration drill manufacturer, Energold Drilling, has acquired diversified drill manufacturer Dando of the U.K.

The Australian miner OZ Minerals confirmed that its revival is now well and truly confirmed after a strong December quarter result from its Prominent Hill mine in South Australia’s far north.

Azure Minerals Ltd (ASX: AZS) is an Australian-based emerging explorer and developer of precious and base metals projects in the richly mineralised Sierra Madre mining province of northwestern Mexico. Through exploration success and selective project acquisition, Azure aims to become an independent minerals producer.

TORONTO (miningweekly.com) – Mexico’s Hochschild Mining produced 26,4-million attributable silver-equivalent ounces in 2010, in line with forecasts, but operating costs will likely be higher than expected, the company said on Wednesday.

Gold looks to be making a turn again as it has added more than $10 back to its totals so far this week; breaking back north of $1,370 per ounce. While some people remain focused on the short-term aspects of gold prices, the majority of investors in the precious metal or mining companies are still focused on the long-term picture which has most people expecting the prices to continue upward in coming years. Other metals such as silver and copper continue to be in high demand and are not anticipated to see any significant decline in price in the near term and certainly not in the future with analysts, once again, calling for increases prices for the valuable metals.