News on Precious Metals Mining and Processing

In breaking news Thursday, Vancouver-based New Guinea Gold (TSX: V.NGG, Stock Forum) announced that its gold production increased 40% in the second quarter of the year, reaching 2246 ounces. The company, a junior explorer in Papua New Guinea, with interests in eight gold and two porphyry copper-gold-molybdenum properties, says Q2’s gold production of 2246 ounces compares to 1,605 ozs in the first quarter, while silver production increased from 210 ozs in the first quarter to 233 ...

It’s a tough time to be an investor. Earlier this week, Warren Buffett repeated his warning “the economy would be in shambles.” Meanwhile, the Federal Reserve said, “The pace of economic contraction is slowing.” And central banks added it intends to keep short-term interest rates at record low levels for “the foreseeable future.” And what happened? The markets came roaring back to life with no market-driving news. That’s because right now most news is just noise. Good news, bad news ...

The price of gold for August delivery climbed $1.50 to $941 Friday, as Stockhouse members offered some comments on the metal’s moves on the Bullboards. MarketWatch reports that “a weaker U.S. dollar and record-low interest rates boosted the metal's investment appeal,” and that gold prices are set to end the week up about 1%, but are still down 4% for the month. On the Gold Hawk Resources Bullboard, in a post entitled “Gold Spot Price – Support”, vraetorian said: “Just ...