Matthew Piggot, a mining analyst with Thomson Reuters GFMS, is projecting that Mexico – which only this past year made Bloomberg’s Top 10 list of gold producing countries– may be the next source of “mega” gold deposits. Accounting for this are expected yields at two projects owned by Canadian companies based in Vancouver: the A...

Gold futures surged to a record $1,588.90 an ounce as the dollar’s slump and the European debt crisis spurred demand for precious metals as alternative assets. Silver surged the most since March 2009. The greenback fell as much as much as 1 percent against a six-currency basket after Federal Reserve Chairman Ben S. Bernanke told Congress that the central bank is prepared to provide ...

PBS Nightly Report featured an interview between Tom Hudson and reporter Alix Steel about the undervaluation of gold mining stocks. Click here to read the original article. TOM HUDSON: While go...

Even as big-name investors like George Soros peel back their bets on gold, helping to send prices falling, John A. Paulson, who heads the...

Gold, which reached a record $1,577.57 an ounce on May 2, may surge a further 30 percent by January as investors seek to protect themselves from “economic uncertainty,” according to Deutsche Bank AG. “I’m bullish on gold despite its current levels,” Hal Lehr, Deutsche Bank’s managing director for cross-commodity trading, said in an interview in Buenos Aires. “It could re...

Mexico's central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say. The purchase--reported in the International Monetary Fund's statistics on international rese...

This week, the Wall Street Journal  reported that "Peru, Mexico Vie for Top Silver Spot". Mexico and Peru are jockeying for the title of the world top silver producer.  The two countries supplied about 30% of the world's silver in 2009, according to the Washington-based Silver Institute. Henry Luna, a director at Peru's Ministry of Energy and Mines, s...

Mostly, when you buy insurance, you hope it won’t ever turn out to be necessary. You pay annual premiums for your car insurance. But that doesn’t mean you secretly hope someone will knock you off the M25. You pay a fortune to insure your house. But that doesn’t mean you want it to be burnt to the ground during your summer holidays (mostly). The same goes for gold. When I started buying it back in 2002 or so, I did so largely because the s...

(Reuters) - Demand in China for physical gold and gold-related investments is growing at an "explosive" pace and its appetite for the yellow metal is poised to remain robust amid inflation concerns, said an Industrial and Commercial Bank of China (ICBC) executive. ICBC (1398.HK)( Read More » Tags

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The proposed acquisition of explorer Fronteer Gold Inc. by Newmont Mining Corp. is the latest in a string of mining deals announced in recent weeks, as companies seek to replace reserves and ensure growth amid a shrinking global supply of known gold reserves. The deal, attributing a 37% premium to Fronteer,  is valued at $2.3-billion. “We feel like we paid a fair value for t...

Vancouver - The first set of drill results from Newstrike Capital's (NES-V) exploration and twinning program on its Ana Paula gold project in southern Mexico returned several significant gold intercepts including a long stand-out. To read the entire article, visit Read More » Tags

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The Canadian mining M&A scene is red hot, and investment bankers expect much more activity in the months to come. In the first few weeks of the year, investors have already seen friendly takeover bids for Consolidated Thompson Iron Mines Ltd. ($4.9-billion) and Norsemont Mining Inc. ($520-million), a proposed merger of equals between Inmet Mining Corp. and Lundin Mining Corp. ($9-billion), and a protracted takeover battle for Baf...

Torex Gold Resources Inc. has announced that the ongoing drill program at the Company's Morelos Gold Project in Mexico continues to return positive results including the extension of the high grade gold mineralized area at the western end of the Guajes East deposit and the expansion of the Guajes East Deposit to the west. Step out drilling to the west of the deposit intersected high gr...

Goldcorp has announced 2010 gold production and provided production and cash cost guidance for the 2011 year. The Los Filos mine in Guerrero Gold Belt, currently Mexico's largest gold producer, will once again be a major contributor to Goldcorp's overall production profile in 2011. Los Filos is forecast to increase production by 10% t...

Billionaire Carlos Slim’s gold and silver producer Minera Frisco SAB soared 26 percent in its first day of trading in Mexico City after being spun off from Grupo Carso SAB as investors bet precious metals prices will increase.  Precious metals prices will climb 28 percent in the next year, giving investors the best returns among commodities in 2011, Goldman Sachs Group Inc. said Dec. 13. ...