Crocodile Gold (CRK.TSX) announced that it achieved a 47% improvement in development meters at its Cosmo underground mine in January 2012 on a month-over-month basis.

Gold and silver futures rebounded substantially from earlier losses in Wednesday afternoon trading.

The move higher in precious metals did not coincide with U.S. dollar weakness or significant volatility in the broader markets, however.

While commodity prices have surged thus far in 2012, Goldman Sachs offered a bit of caution for investors expecting further gains this year.

In a recent note to clients, analysts led by Jeffrey Currie lowered the firm’s 12-month expected return forecast for the broader commodities complex to 12% from 15% – according to a Bloomberg report.

Goldman Sachs did maintain an “Overweight” rating on the sector, however.

Although the firm reduced its general outlook, it remained quite bullish on two commodities in particular – gold and oil.

FTSE ends the session just modestly lower after late rally Stock Market Wire – 1 hour ago StockMarketWire.com – END-OF-DAY REPORT: Headline shares ended the session modestly lower, as doubts over the Greek bailout deal and downbeat economic data from the Eurozone hit already fragile investor sentiment.