Point Roberts WA- March 22, 2011 (Investorideas.com Mining Newswire) – www.Investorideas.com, a leader in sector research including mining stocks, releases a sector snapshot on TSX gold stocks , in addition to commentary on the gold markets.
Regular contributor , John Nadler from Kitco.com reports, “Tuesday's trading action opened under somewhat more subdued conditions as a slight easing in the level of apprehensions surrounding Japan and the MENA region induced global investors to seek profits in equity and risk markets just a tad more. Dollar selling did not abate too much however, as the US currency scraped the 75.28 level on the index and as it neared the "outer markers" of its trading channel against the euro, at 1.424, while trading at 80.925 vis a vis the Japanese yen.”
Full article : http://www.investorideas.com/news/2011/mining/03221.asp
Market Summary for Commodities (at time of release)
Oil 103.80 +1.47 +1.44%
Gold 1,426.20 0.00 0.00%
A more bullish outlook was reported at Marketwatch.com
Gold futures turned edged higher Tuesday morning, rebounding from an earlier decline with the metal poised to extend its winning streak to five sessions.
A stronger yen helped lure investors to the gold market, according to one strategist.
“We see no fundamental reasons this morning for strong gold, but we are beginning to see evidence of Japan probably increasing demand for gold, and some other banks may be buyers in order to add to the portfolio just in case Japan sells gold later this year to fund its rebuilding,” said Richard Hastings, a macro strategist at Global Hunter Securities.”
Full Article: http://www.marketwatch.com/story/gold-turns-higher-set-to-extend-winning-streak-2011-03-22?siteid=yhoof
Resource Stocks trading; Gold Stocks
Trading March 22nd (at time of release)
Trading March 22nd (at time of release)
AVION GOLD CORP (TSX: AVR) trading at $1.65, up 0.15 (10%) on over 2 Million shares in Volume
Lake Shore Gold Corp (TSX: LSG) trading at $4.02, up 0.04, (1.01%)
Running Fox Resource Corp. (TSX-V: RUN) trading at $0.24 up 0.02, (8.89%)
Rainy River Resource Ltd. (TSX-V: RR) trading at $10.84
Carpathian Gold Inc. (CPN.TO) trading at $0.52, up 0.05 (10.64%) on over 1 Million shares in volume
GOLD NEWS AND HIGHLIGHTS:
Recent Gold Stocks News; Running Fox Resource Corp. (TSX-V: RUN)
Gold and Mining Stocks; Running Fox Resource Corp. (TSX.V: RUN) Approves High Grade Gold Project-SEE DRILL TABLE BELOW
Visit this company: www.foxgold.ca
“VANCOUVER, BRITISH COLUMBIA - February 23, 2011 (Investorideas.com newswire) Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources (TSX VENTURE:RUN; PINK SHEETS:RFXRF; FRANKFURT:C8Q) is pleased to report that it has received formal Toronto Stock Exchange - Venture approval for its agreement to acquire the remaining 50% of the its high grade Brett Gold Project, Running Fox will then own 100%.
The Teck Cominco smelter receipts for the net recovered grades for the whole bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
A review of drilling results at the Brett Gold Project includes 16 metres of 35 grams per ton gold.”
Full Article: http://www.investorideas.com/news/2011/mining/02231.asp
More info :
Running Fox Resource Corp. www.foxgold.ca
Recent Gold Stocks News; Lake Shore Gold Corp (TSX: LSG)
Lake Shore Gold Achieves Major Milestones in 2010, on Track to Nearly Triple Production and Significantly Grow Resources in 2011
“TORONTO, ONTARIO--( March 9, 2011) - Lake Shore Gold Corp. (TSX:LSG -; "Lake Shore Gold" or "the Company") today reported financial and operating results for the fourth quarter and full year 2010. Among highlights of the results:
- Progress in 2010 leads to commercial production effective January 1, 2011, positions Company to nearly triple production in 2011 to 125,000 ounces
-Target production rates at Timmins Mine achieved in fourth quarter 2010
-Mill expansion completed in November, recoveries exceed 95% target level;
-29,900 ounces of gold produced during fourth quarter 2010 (43,500 ounces for full year)”
Recent Gold Stocks News: Carpathian Gold Inc. (CPN.TO)
Carpathian Intersects 482 m of 1.06 g/t Au & 0.21% Cu and Continues to Increase Size of Ciresata Deposit With More Wide Zones of Au-Cu Mineralization
“TORONTO, ONTARIO--( March 22, 2011) - Carpathian Gold Inc. (TSX:CPN -; the "Corporation" or "Carpathian") is pleased to provide further results from its 35,000 meter planned 2011 drill program at the Corporation's 100% owned Rovina Valley Project ("RVP") in west-central Romania. The RVP includes three Au-Cu porphyries discovered by the Corporation with the focus of the 2011 drilling program on the Au-rich Ciresata Porphyry deposit. The 2011 drill program will focus on defining the limits of the Ciresata deposit, upgrade the inferred resource to the measured plus indicated resource categories, as well as test satellite targets.”
Full Article: http://finance.yahoo.com/news/Carpathian-Intersects-482-m-ccn-3616713870.html?x=0&.v=1
Recent Gold Stocks News: AVION GOLD CORP (TSX: AVR)
Avion Gold Announces Fourth Quarter Earnings of US$0.05 Per Share and Cashflow of US$0.08 Per Share
“TORONTO, ONTARIO--(Marketwire - March 21, 2011) - Avion Gold Corporation (TSX:AVR - News; OTCQX:AVGCF) ("Avion" or the "Company") today announces its financial results for the fourth quarter and year ended December 31, 2010. All amounts are in United States dollars unless otherwise indicated.”
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