Donald Trump is now accepting payment in gold. A commercial tennant who needed to make a security deposit in one of Trump's New York buildings, 40 Wall Street, paid in three 32 oz. gold bars, equivalent to $176,000. Trump, who flirted with a run for President as the Republican nominee, is a critic of the Obama administration.
Dr. Paul Zweng, a portfolio manager with Resource Venture Advisors in Beverly Hills, Calif., has managed to make some big things happen with small companies. By investing in the tiniest of resource companies, he has grown the fund from about $2 million (M) in 2009 to more than $20M today. In this exclusive interview withThe Gold Report, Zweng tells why his biggest asset is his cast-iron stomach.
Embattled Silvercorp Metals on Wednesday was forced to respond by opening up its books after a second anonymous report which it believes comes from a group of shortsellers trying to drive down the company's share price emerged on the web. Ongoing investigations into the apparent shakedown are being conducted by the RCMP, the BC Securities Commission, the SEC and the FBI, the company said. Silvercorp was forced on Friday 2 September to make public the first fraud allegations and at the same time disclosed that someone had built up a short position of 23 million shares – more than 13% of the number outstanding. The firm with projects in China and Canada plunged after the news broke and year to date losses now top 46% despite the firm’s ongoing buyback programme and a 14.3% bounce by midday today in massive volumes.
Despite the important sounding name, not all rare earth elements are critical or in short supply compared to the ultimate demand. In this exclusive article for The Critical Metals Report, Jack Lifton, a senior fellow of the Institute for the Analysis of Global Security, shares the secrets for determining if a company has a chance of growing into a viable, profitable venture that will benefit both investors and host countries.
The World Jewellery Confederation, expressed its great regret and sorrow upon the death of Francesco Roberto, who passed away on September 12 after a long illness, at the age of 81.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCBB:AGXMF) is pleased to release additional drill results from its 2011 exploration program at the Pinguino project, located in the Santa Cruz province of Argentina. The program consisted of 19,704 meters of drilling in 206 holes. To date, the Company has received sample results from 13,943 meters of drilling from 154 holes, with approximately 25 % of holes remaining to be processed in the lab.
Lumina Copper (CVE:LCC) announced on Thursday intersects of 646 meters grading of .93% copper equivalent at the Taca Taca copper-gold-molybedenum project in Argentina. Lumina also reported drilling results of 2.69% copper equivalent in 50 meters of grading. Lumina was up 23 cents to 7.08 on Thursday. At the end of the week, was back down $6.71.
SPOKANE, WASHINGTON--(Marketwire - Sept. 9, 2011) - Josephine Mining Corp. (TSX VENTURE:JMC) ("JMC" or the "Company") is pleased to announce a drilling update on the Turner Gold Project. The company continues to fast track its progress with further drilling, logging and assaying at its Turner Gold Project in O'Brien, Oregon.
SUGAR LAND, TX--(Marketwire - Sep 9, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- South America, home to vast mineral resources, will remain an attractive place for foreign investments in the Metals & Minerals Industry in coming years. With more than 350 operational mines and about 400 active mining projects representing combined investments of more than $216 billion, project activity on the continent is growing substantially, thanks to worldwide and domestic demand for mined raw materials.
Shares of Primero Minerals (TSX:P) crashed 13% Thursday after a month-long strike and lower-than-anticipated gold grades at its San Dimas silver/gold mine in Mexico forced it to revise its 2011 guidance. The Toronto-based company said it will produce 80-85,000 ounces of gold this year compared to the previous estimate of 90-100,000 ounces. The silver production target remains unchanged at 4.5 to 5 million ounces of silver.