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Athena Silver (OTCBB:AHNR) has signed a new lease/purchase option agreement with regards to its Langtry silver project in California. As quoted in the press release: The highlights of the new 20-year lease/option include: Annual option payment of $20,000 due on March 15, 2016 and $20,000 due on September 15, 2016 together with accrued lease rent from our prior lease of $20,000 payable on March 15, 2016 and $20,000 on September 15, 2016.  The March 15, 2016payments were made concurrently with the execution of this new agreement.   50% of our annual option payments are applicable to the purchase price should [...]

Last Friday, the S&P/TSX Composite index (INDEXTSI:OSPTX) rose 1.07 percent, or 142.86 points, to end at 13,522 points. According to Reuters, that’s its second weekly increase in a row — what’s more, the index is one of the best-performing developed markets in the world this year.  Unsurprisingly, stocks in the resource space have gained alongside the index. The top-gaining TSX-listed resource stock last week was Rubicon Minerals (TSX:RMX), and it was followed by Stornoway Diamond (TSX:SWY), NioCorp Developments (TSX:NB), Belo Sun Mining (TSX:BSX) and Silvercorp Metals (TSX:SVM). Here’s a look at what moved the share prices of those companies last [...]

Consumers are lapping up physical gold at a time supply is declining, helping underpin a rally in gold prices.Demand from emerging markets in particular is strong as currencies such as the Indonesian rupiah, the Malaysian ringgit and the Vietnamese dong has fallen sharply in the last 12 to 18 months against the U.S. dollar, prompting consumers in these markets to buy physical gold, which is seen as a haven in times of tumult according to CNBC. Gold bars and coins are displayed at bullion dealers Goldcore, in London, U.K., on Thursday, March 11, 2010. Photographer: Chris Ratcliffe/Bloomberg LBMA Gold Prices 14 [...]

It’s been a bumpy week for the gold price, which sank as low as $1,239.40 per ounce on Thursday before spiking to a 13-month high of $1,285. As of 2:00 p.m. EST on Friday, it was changing hands at $1,259.  As MarketWatch explains, Thursday’s volatility came after the European Central Bank “loosened monetary policy, but backed away from additional easing measures.” “[T]raders were finding it hard to digest all the news,” Naeem Aslam, chief market analyst at AvaTrade, told the news outlet. “But, as the dust settles, traders do envisage that the ECB’s [decision] could help the eurozone and the economic situations [...]

Gold prices climbed to a 13-month high in dollar terms overnight ($1,282.51) after the increasingly adventurous, dare one say reckless, European Central Bank unleashed its latest ‘bazooka’ and initiated more interest-rate cuts, a significant extension in currency printing and bond purchases and also a potential subsidy to banks lending.Gold in EUR – 1 YearDraghi cut the ECB’s deposit rate by a further 10 basis points to minus 0.40 percent, and its main refinancing rate to zero and announced that the ECB may buy nearly a whopping €1 trillion in corporate debt.The move was even more dovish than expected and confirmed, if any [...]

Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced the closing of a CAD $3,430,000 non-brokered private placement at CAD $0.70 per share. Under the terms of the agreement, the company issued 4,900,000 common shares with no warrant. Corvus Gold CEO, Jeffrey Pontius, stated: Both Tocqueville and AngloGold have been strong supporters of Corvus from its inception and we are very pleased with their continued support of the company and our work to bring increased value to our shareholders.  This financing has put Corvus in a strong position to continue our proposed exploration on the project.  Driven by the results from the Company’s recent North [...]

Gold ETF, the iShares Gold Trust, had to stop issuing new shares in its $7.7 billion on Friday as a “surge” in investment demand for gold caught out the provider of the ETF and the world’s largest money manager, BlackRock Inc.According to a statement from the company“Since the start of 2016, in response to global macroeconomic conditions, demand for gold and for IAU has surged among global investors,” causing the ETF to expand its assets under management by $1.4 billion this year alone.“This surge in demand has led to the temporary exhaustion of IAU shares currently registered under [law]. We are [...]

Silver hasn’t been so cheap relative to gold for more than seven years and with silver ETF holdings having surged in recent days, silver coin and bar demand very robust and mine supplies forecast to contract this year, there are signs that silver is set to resume its bull market and outperform gold once again.Eddie Van Der Walt and Ranjeetha Pakiam write in Bloomberg today:Mine production of silver will probably drop in 2016 for the first time in over a decade and demand is set to outstrip supply for a fourth straight year, says Standard Chartered Plc. Much of the world’s [...]

Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) declared a monthly dividend of US$0.02 per common share, its third of 2016. As quoted in the press release: Shareholders of record at the close of business on Thursday, March 24, 2016 will be entitled to receive payment of this dividend on Thursday, March 31, 2016. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes. Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive “eligible dividends” will be entitled to an enhanced gross-up and dividend tax credit on such dividends. Click here to read the full Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) press release. [...]

The gold bull market has returned and gold could surge over 1,000% to $8,000 per ounce in the coming years according to legendary gold investor, Chairman of Franco-Nevada Corporation and former Chairman of the World Gold Council, Pierre Lassonde.Pierre Lassonde on BNNGold prices are heading higher, much higher and he is “very sure” that the five-year bear market for gold is over and we are at the beginning of a new bull market, the gold insider told leading Canadian business channel, BNN.The primary reason for his very bullish outlook for gold is negative interest rates and the $7 trillion in bonds that now have [...]