Month: January 2011

Never mind the correction in the price of silver, says Silver Strategies Editor Sean Rakhimov; better things are ahead. “It may be volatile; it may be steep; but it should be short-lived,” he says, adding that he expects silver to rise well above its 2010 high at some point in 2011. Some of that price support could come from governments entering the silver market. Find out all the reasons for this and read about some of Sean’s favorite silver plays in this exclusive interview with The Gold Report.

Sonoma Resources Inc. announces that it will proceed with a non-brokered Private Placement of up to 4,000,000 units of Sonoma at a price of $0.05 per unit for proceeds to the Company of up to $200,000. Each Unit consists of one common share of Sonoma and one non-transferable share purchase warrant entitling the holder to acquire one additional common share of Sonoma at a price of $0.10 per common share for a period of eighteen months from the date of the issuance of the purchase warrant with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying Common Share, stating that if, for ten consecutive trading days, the closing price of the listed shares of the Company exceeds $0.40 then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.

RENO, NV–(Marketwire – January 12, 2011) – Gold Bag, Inc. (OTCBB: GBGI) announced that the company’s common shares have been approved for electronic quotation on the OTC Bulletin Board. The Financial Industry Regulatory Authority (“FINRA”) approved the request as submitted in Form 15c211 by Burt Martin Arnold Securities.

When presenting my rationale for selecting for Gammon Gold (NYSE: GRS) as my top stock pick for 2011, I identified three looming catalysts that could launch these shares out of an extended malaise.

Brigus Gold Corp. (AMEX:BRD) gained 0.56%, to close at $1.81 and its overall traded volume was 757,507.00 shares on Monday, with the total traded volume of 951,457.00 shares.

Silver Wheaton Corp. (USA) (NYSE:SLW) went up 2.18%, to close at $34.24 and its overall traded volume was 12.24M shares on Monday, the stock had average daily volume of 8.84M shares.

Southern Copper Corporation (USA) (NYSE:SCCO) percentage change dropped -2.21%, to close at $45.50 and its overall traded volume was 2.44M shares on Monday, the stock had average daily volume of 1.61M shares.

Minefinders Corp. Ltd. (USA) (AMEX:MFN) percentage change surged 0.28%, to close at $10.64 and its overall traded volume was 465,375.00 shares on Monday, the stock had average daily volume of 633,182.00 shares.

Newmont Mining Corporation (NYSE:NEM) moved up 1.51%, to close at $57.75 and its overall traded volume was 6.71M shares on Monday, with the total traded volume of 6.24M shares.

Yamana Gold Inc. (USA) (NYSE:AUY) surged 0.25%, to close at $11.89 and its overall traded volume was 5.80M shares on Monday, against its average volume of 6.90M.