On Monday, gold hit a new record high of $1,610 U.S. an ounce. Gold now trades at almost $1,600 an ounce, up 33.4% from a year ago.

A major factor in gold’s recent rise has been investor concern about high sovereign debt in Europe. Higher gold also reflects uncertainty over whether the U.S. Congress will agree to raise the country’s debt …read more »

EUROPEAN GOLDFIELDS $12.14 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 184.8 million; Market cap: $2.2 billion; No dividends paid) holds a 95% interest in Hellas Gold. Aktor S.A., Greece’s largest construction company, owns the other 5% of Hellas, as well as 19.3% of European Goldfields’ shares.

Hellas owns three gold and base-metal deposits in Greece: …read more »

IAMGOLD $19.50 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 374.8
million; Market cap: $7.3 billion; Dividend yield: 0.4%) reports that its Essakane mine in Burkina Faso in western Africa has not been affected by riots in the southern part of the country.

In response to protests by soldiers, President Blaise Compaore fired his government and the heads of the …read more »

NEWMONT MINING $56.43 (New York symbol NEM; Shares outstanding: 493.7 million; Market cap: $27.9 billion; TSINetwork Rating: Average; Dividend yield: 1.4%; www.newmont.com) earned $1.04 a share before one-time items in the three months ended March 31, 2011, up 25.3% from $0.83 a year earlier. The latest earnings beat the consensus estimate of $0.99 a share. Revenue rose 9.9%, to $2.5 …read more »

IAMGOLD $19.76 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 374.7 million; Market cap: $7.4 billion; No dividends paid) has agreed to sell its 18.9% stake in the Tarkwa and Damang gold mines in Ghana to South African mining giant Gold Fields Ltd. for $667 million in cash. (All figures except share price and market cap in U.S. …read more »

NEW GOLD $10.02 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315- 9715; www.newgold.com; Shares outstanding: 399.1 million; Market cap: $4.0 billion; No dividends paid) has agreed to buy Richfield Ventures (symbol RVC on Toronto) for $550 million in New Gold shares.

New Gold holds cash of $491 million, or $1.25 a share, so it could use some of those funds for …read more »

Gold closed at an all-time high of $1,475.00 U.S. in Friday’s trading. It now trades at around $1,468, up 27.4% from a year ago.

Gold’s recent gains have partly resulted from investor fears about the sovereign debt of European countries after Portugal requested a bailout from the European Union and International Monetary Fund. Investors are also worried about political turmoil …read more »

AMERIGO RESOURCES $1.10 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 171.5 million; Market cap: $188.7 million; No dividends paid) has risen 69% since June 2010 on higher copper prices.

Amerigo processes copper and molybdenum from the waste rock from Chile’s El Teniente, the world’s largest copper mine. The contract runs at least through 2021. Amerigo has a further …read more »

YAMANA GOLD $11.75 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 741.1 million; Market cap: $8.7 billion; Dividend yield: 1.0%) has signed an agreement with Goldcorp Inc. and Switzerland-based Xstrata plc. that will see Yamana’s 100%-owned Agua Rica copper/gold property in Argentina transferred to mining firm Minera Alumbrera.

Agua Rica is near the producing Alumbrera mine. That mine is …read more »

Gold hit a new all-time high of $1.438.20 U.S. an ounce during Wednesday’s trading. It now trades at around $1,427.00 U.S., up 25.8% from $1,134.50 a year ago.

In light of gold’s new all-time high, we’re holding a special discussion about gold investing on our TSINetwork.ca Facebook page. Click here to join in. (In order to take part in our …read more »