Argonaut Gold Seeks to Acquire Castle Gold for a Minimum of C$1.25 Per Share

CASTLE GOLD CORPORATION announce today that it has entered into a support agreement with Argonaut Gold Inc. (“Argonaut”) in connection with the proposed acquisition (the “Offer”) by Argonaut of all of the common shares of Castle Gold Corporation (“Castle Gold”). Under the terms of the Support Agreement, Argonaut will offer to acquire, by way of a take-over bid, all... 

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Interest in Gold Surges as Investors Seek Diversification

Ongoing risk aversion, growing uncertainty over where consumer prices are headed and a renewed vigor in the search for effective portfolio diversifiers all supported gold investment demand throughout the first quarter of 2009, according to World Gold Council’s latest Gold Investment Digest. “One reason the financial crisis has been so devastating for investors is that many alternative assets did... 

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Anatolia’s Copler senior debt facility approved at US$62.5 million

Anatolia Minerals Development Limited announces that Bayerische Hypo- und Vereinsbank AG, a member of UniCredit Group has received final credit approval to fully underwrite and provide US$62.5 million in senior project debt for the Company’s Copler Gold Project in Turkey. The Debt Facility has a six year term. There is no penalty for early repayment. Interest is variable based on the U.S. Dollar... 

US gold ends higher in choppy trade, tracks oil

Gold futures finished higher after it seesawed early on Tuesday, recovering some of last week’s five-percent drop, as the precious metal closely tracked volatile oil prices which had plunged to a 1-1/2 year low before paring losses. Analysts said gold trading might remain choppy and back-and-forth because of thin volume in the beginning of the year. Benchmark gold for February delivery on the... 

Dollar Falls, Gold Rises in Europe

The U.S. dollar fell against other major currencies in European trading Thursday morning. Gold rose. The euro was quoted at $1.2852, up from $1.2829 late Wednesday in New York. Other dollar rates: -117.06 Japanese yen, down from 117.13 -1.2253 Swiss francs, down from 1.2284 -1.1064 Canadian dollars, down from 1.1095 The British pound was quoted at $1.9074, up from $1.9035.  Read More →

Avnel Gold Outlines Additional Prospective Drill Targets from a Soil Geochemistry Program at its Kalana Exploitation Permit, South Mali

Recent Soil Geochemistry Program Produces Km-Scale, Gold-in-Soil Anomalies Avnel Gold Mining Ltd. (AVK: TSX) is pleased to announce that a recent phase of detailed soil geochemical surveys, initiated across its large Kalana Exploitation Permit in the year 2006, has outlined km-scale, gold-in-soil anomalies in addition to the nine significant anomalies discovered in Phases I and II that have been previously... 

Spot gold

Selected world gold prices, Thursday: Hong Kong late: $573.50, up $6.70. London morning fixing: $574.25, off $2.35. London afternoon fixing: $569.50, off $7.10. London late: $574.10, off $2.50. Paris afternoon fixing: $574.25, up $7.00. Zurich late afternoon: $572.85, up $6.30. NY Handy & Harman: $572.85, up $6.30. NY Handy & Harman fabricated: $615.06, up $1.89. NY Engelhard: $571.12, up... 

NY gold loses most in 15 years

Gold futures plummeted 7.3 percent on Tuesday, the biggest fall in more than 15 years, closing below $600 an ounce on heavy selling due to a stronger dollar, soft oil price and concerns over interest rate hikes. Silver dropped 13 percent and fell below $10 an ounce as speculative liquidation pummeled the precious and base metals, and platinum and palladium futures also tumbled. Stop-loss selling hammered...