Day: February 23, 2011

Azure Minerals has been granted a trading halt by the ASX pending a capital raising announcement, with the company’s shares in pre-open.

Canadian gold mining company Yamana Gold, Inc. reported Wednesday that profit for the fourth quarter soared from last year, reflecting higher gold prices, lower unrealized foreign exchange losses as well as stock-based and other compensations. Excluding items, adjusted earnings per share surged and came in above analysts’ expectations by a penny. The company reaffirmed its production outlook for the full-year 2011.

NEWJERSEY (Commodity Online) : National Inflation Association maintains a bullish outlook for GGI or Garibaldi Resources Corp (TSX Venture: GGI), which is up 7% Tuesday to $0.44.

NEW YORK (Commodity Online): As silver prices hit 31-years high this week, stocks of silver mining companies have become the most sought after destination for investors.