"Considering the safety of the Company's employees, and the integrity of the mine's infrastructure and that of the surrounding area, the decision was made to stop production indefinitely" said Sean Boyd, Vice-Chairman and CEO.

Analysts at Jefferies initiated Barrick Gold with a buy on valuation, setting a price target of $65. Separately, Deutsche Bank cut their price target from $76 to $67 and now has a buy rating on the stock.

Shares of Barrick are trending up as shares of the mining companies are in a race to catch up with the gold prices.

Agnico Eagle Mines gave second quarter EPS of $0.47, in line with expectations. Revenue of $453M, +23% year to year. Goldcorp responded with earnings in line with expecations as well. EPS of $0.52, revenues of $1.38B up 62% year to year.

Agnico made a C$70 million strategic investment in Rubicon Minerals and also plans to enter into a technical services agreement to help advance their high grade Phoenix deposit in Red Lake, Ontario.

US Gold is after Minera Andes to create a high growth, lowcost mid-tier silver producer focused in the Americas. The merger will be called McEwen Mining Inc. with a market cap of $1.4-billion. McEwen, former CEO of Goldcorp, is the largest shareholder of U.S. Gold and his leadership has been phenomenal for the company’s growth.

Shares of U.S. Gold are up nearly 6% today creating a new support level at $5.5.

NovaGold completes Ambler project PEA. Grades are 4% copper and 6% zinc (indicated resources). Project NPV (8%) is US$718 million pretax, IRR at 30% for US$2.50/lb copper, US$1.05/lb zinc, US$1.00/lb lead, US$1,100/oz gold and US$20/oz silver.

VANCOUVER, BC - Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, ("Eldorado" the "Company" or "we") is pleased to report on the Company's financial and operational results for the first quarter ended March 31, 2011. Eldorado reported net income attributable to shareholders of the Company of $52.5 million for the period and generated $91.7 million in cash from operating activities before changes in non-cash working capital.

Harmony Gold Mining Ltd., Africa’s third-largest miner of the metal, reported production in the first nine months of the fiscal year dropped 10 percent from a year earlier and forecast lower annual output than planned.