Crocodile Gold Eyes Full Production at Cosmo in 2012

Crocodile Gold (CRK.TSX) announced that it has extracted the first underground ore from its Cosmo underground mine in Australia on schedule and on budget. This initial ore was extracted from the 1055 level access during ore development drives as part of the planned mine development.  It was processed at the company’s Union Reefs processing facility. Read More »

Gold Price Dives Below $1,800

The gold price plunged below $1,800 per ounce Thursday morning with profit-taking in the gold futures market fueling the sell-off.  Gold prices stabilized near $1,790 after the European Central Bank announced “dollar liquidity” measures in cooperation with the U.S. Federal Reserve.  With Greece on the verge of default, central banks are furiously attempting to inject confidence into the international monetary system.
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