Gold price rally fueled by non-traditional buyers

Jul 30, 2020

Gold’s surge to an all-time high is being fueled by an unlikely group of buyers in the form of pension funds, insurance companies and private wealth specialists. Spot prices have risen 29% so far this year and climbed to a record high of $1,980.55 an ounce earlier this week. Since then it has retreated slightly, trading at $1,960.18 an ounce as of 1:15 p.m. EDT on Wednesday. In the past, when bonds offered heftier yields, many professional investors had little use for gold. A broad...

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Vista Gold Corp. Announces Second Quarter 2020 Financial Results

Jul 30, 2020

DENVER, July 29, 2020 (GLOBE NEWSWIRE) — Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results with net income of $1.9 million for the quarter ended June 30, 2020. Management’s quarterly conference call to discuss these results is scheduled for 2:30 p.m. MDT on July 30, 2020. The Company’s unaudited financial statements, Management’s Discussion and Analysis together with other important disclosures are...

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Arizona Ag’s met tests show up to 99.5% Au recovery

Jul 29, 2020

2020-07-29 12:43 ET – News Release Mr. Mike Stark reports ARIZONA SILVER EXPLORATION PROVIDES RESULTS ON METALLURGICAL TESTS RANGING FROM 94.40% TO 99.50% RECOVERY FROM THE PHILADELPHIA PROJECT Arizona Silver Exploration Inc. has provided an update on metallurgical test results from its 100-per-cent-owned Philadelphia property. The Company submitted eight bulk samples from the recently completed reverse circulation drilling program to evaluate the potential for recovery of coarse gold by...

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NV Gold increases Exodus claim holdings by 910.13 ha

Jul 29, 2020

2020-07-29 12:08 ET – News Release Mr. Peter Ball reports NV GOLD INCREASES PROPERTY CLAIM HOLDINGS AT THE HIGH-GRADE EXODUS GOLD PROJECT NV Gold Corp., further to the completion of its property-wide helicopter-borne high-resolution aeromagnetic and radiometric surveys, has increased the mineral claim holdings by 8.1 per cent, or 9.10 square kilometres (910.13 hectares), at the high-grade Exodus gold project in the Cariboo mining division, 40 kilometres (km) north-northwest of Prince...

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Silver Investing: Silver Nears 7 Year High, Closing in on US$30

Jul 29, 2020

Silver edged above US$26 per ounce on Monday (July 27), adding more that 31 percent to its value since January. Safe haven demand and record exchange trade fund (ETFs) inflows have been the primary catalysts for the metal’s sustained growth in Q2. Reinvigorated animosity between the US and China, and concern a second wave of COVID-19 will further weaken the global economy have been key drivers recently. The white metal is now back in territory unseen since September 2013, with motivators in...

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