CHART OF THE DAY: 1,200 days of pain and counting on the TSX Venture

Fast-growing Danish jewellery maker Pandora (PNDORA.CO: Quote) missed forecasts with a 55 percent rise in first-quarter profit as price rises failed to […]

Assays in from one of two new diamond drill holes into the WKP West gold prospect on the Coromandel Peninsula on New Zealand's North Island has given further proof of a large epithermal system for Newmont Mining and boutique gold miner and active explorer Glass Earth Gold Ltd. Glass Earth Gold Ltd (TSX-V & NZAX: GEL) said that drill hole WKP 27 on the WKP West prospect had produced a 152.4 metre section grading 1.16 grams/tonne gold and 2.22 g/t silver, within which the best section of 1.4m went 30.7 g/t gold and 77.7 g/t silver.

In spite of declines in silver, gold and zinc production during the first quarter of the year, Pan American Silver said Wednesday management "continues to believe in the accuracy of its forecast 2011 production." Silver production for the first quarter was 5.3 million ounces, a 6% decrease below management's forecast "due primarily to throughput and grade challenges at Huaron, Morocochoa, San Vincente and Manantial Espejo during the quarter," PanAm said.

Levon Resources announced that it has today closed a previously announced financing pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000. The company intends to use the net proceeds of the Offering for continued exploration of the Cordero property located in Chihuahua, Mexico, and for working capital.

Scorpio Mining achieved record mine operating earnings of $12.5 million in Q1 2011, an increase of 823% over mine operating earnings in Q1 2010 and 123% over mine operating earnings in Q4 2010. Net earnings were $6.6 million or $0.03 per share (basic) for Q1 2011 compared to $18.6 million or $0.17 per share (basic) for Q1 2010. The Q1 2010 net earnings included a $19.8 million gain on dilution and deconsolidation of Scorpio Gold Corporation ("Scorpio Gold"). Basic earnings per share of $0.09 in Q4 2010 was due to the inclusion of $12.4 million of non-cash corporate tax recoveries.

The gold bears and doubters - and the silver bears in particular - have had great success in driving the prices of these two precious metals downwards but are we looking at more of the same to come, or perhaps consolidation and another take-off? The pattern of price movements we are seeing currently, with strong upwards and downwards fluctuations for both metals.

(RTTNews) - The UK market is trading higher in afternoon trading Thursday, amid some positive earnings news as well as consolidation in commodities prices.

Gold and silver fell on Thursday, as weak U.S. housing and manufacturing data and uncertainty about the end of the Federal Reserve's bond-buying program dragged down commodities across the board. Gold, which has fallen three out of the last four

TSX and Amex-listed Extorre Gold Mines took a step closer to the development of its flagship mine Cerro Moro in Argentina on Tuesday with the approval of the Environmental Impact Assessment and the purchase of the 14,000 ha that cover the project. Extorre, which was spun out of Exeter Resource Corporation last year, said the Project Pre-Feasibility Study is expected in June 2011 and start-up for the high grade gold and silver mine is scheduled for 2012. Capital costs for the mine are some $130m and cash costs are estimated at $201/ounce. Extorre is worth close to $800m on the TSX and is sitting on roughly $33m in cash. The company also owns the Don Sixto projects, and other mineral exploration properties in Argentina.