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Tag: Gold Price

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Pure Gold Mining Releases PEA for Madsen Gold Project

Pure Gold Mining (TSXV:PGM) has released results of a preliminary economic assessment for its Madsen Gold project in Red Lake, Ontario.

As quoted in the press release:
PEA HIGHLIGHTS
Base case parameters assume a gold price of US$1,175/oz and an exchange rate (US$ to C$) of 0.80.
All currencies are reported in Canadian dollars

Cordoba Minerals Confirms a Significant Copper-Gold Discovery at the Alacran Project with 111 Metres of 1.01% Copper and 0.38 g/t Gold

TORONTO, ONTARIO–(Marketwired – April 11, 2016) – Cordoba Minerals Corp. (TSX VENTURE:CDB) (“Cordoba” or the “Company”) is pleased to announce that drilling at the Alacran Project within the Company’s San Matias Copper Gold Project in Colombia has confirmed a high-grade and shallow copper-gold discovery. The initial six drill holes in

Claude Produces 20,672 Ounces of Gold in Q1

SASKATOON, SASKATCHEWAN–(Marketwired – April 6, 2016) –

Highlights:

Gold production of 20,672 ounces, a 13% increase from Q4 2015;
Q1 mill head grade of 8.99 grams per tonne;
Gold sales of 21,008 ounces, representing a 21% increase from Q1 2015;
Cash and bullion (1) position of approximately $45.2 million, an increase of $5.4 million during

Gold Price Up on Safe-haven Demand

The Wall Street Journal reported that the gold price rose Tuesday on the back of safe-haven demand spurred by global growth concerns. The yellow metal recently enjoyed its best quarter in decades.

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