Independence Gold discovers seven targets at Merit property

Shares in the Canadian company were up more than 3.6% Thursday morning on the news.

When making private placement investments, it's imperative to understand what the company will do with the money.

Stock rose 7.3% on Wednesday after the company announced Q2 results that beat expectations.

The Mexico-focused miner has benefitted from an ongoing silver rally and even more so than many of its peers, as it chose not to diversify into other metals.

Having hit a target, silver has formed what is believed to be an intermediate top over the past five weeks or so, which it should soon start to descend from, says technical analyst Clive Maund.

The LME’s previous attempt at trading gold lasted only three years .

New report shows commodity assets under management jumping to $235 billion, the best performance since 2009, largely due to physical gold ETF inflows.

The Toronto based company sees gains on output increases.

It’s not yet clear whether it will be generally approved by securities regulators as a defensive mechanism for all other public companies facing hostile takeovers.