Gold prices Stories
Osisko Mining Posts 3Q Profit, Quebec Output Rises
Osisko Mining reported a quarterly profit on Friday as production ramped up at its Canadian Malartic mine in Quebec and high gold prices boosted revenue.
Gold Regaining Traditional Safe-Haven Role - Analysis
Gold is returning to its traditional role as a safe-haven investment and starting to break its recent link with the stock market, UBS strategist Edel Tully said Friday.
Gold Prices Rising Despite Equity Gains
Gold prices edged up Friday as a bump in sentiment about the Eurozone crisis encouraged a move into stocks and the continent's single currency.
Gold Prices Fall as Investors Sell to Raise Cash
Gold prices fell Thursday, their third consecutive daily decline, as investors facing margin calls sold the yellow metal to raise cash.
Aurizon Mines Posts Big 3Q Profit Increase
Vancouver-based Aurizon Mines Ltd. said Thursday its third-quarter profit rose dramatically as higher prices and output offset increased costs, more taxes and foreign exchange losses.
Gold Fields 3Q Profit Triples, Efficiency Gains Key
Gold Fields Ltd.'s third-quarter profit tripled from the year-earlier quarter as surging gold prices and enhanced efficiency offset higher operating costs, the world's fourth-largest gold miner reported Thursday.
Gold Prices Test $1,750/Ounce Support
Gold prices recouped big early losses Thursday to start Comex floor trading about one percent down as the U.S. dollar fell against the euro on hopes a new Italian and Greek governments may pave the way for Europe to avert a recession.
Gold Withstands Stampede, Slips Just $8
Gold prices slipped modestly Wednesday as stock investors in Europe and the U.S. dumped their holdings and abandoned the euro in a global stampede to safety.
AngloGold aims deep on a global level
The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South Africa in other countries, with future ore discoveries expected to be far below the surface.
AngloGold Ashanti Eyes Deep Mining to Boost Reserves
The chief executive of AngloGold Ashanti said the world's No. 3 gold producer could employ deep-mining technology under development in South Africa in other countries, with future ore discoveries expected to be far below the surface.
Gold Prices Slip on Worsening Eurozone Debt Crisis
Gold prices slipped Wednesday as skyrocketing Italian government bond yields signaled the beginning of a possibly terminal phase in that nation's economy.
La Mancha Resources Hikes Efficiency, Gets Record 3Q
La Mancha Resources Inc. posted a record third quarter on a big jump in gold prices and more efficient operations, the Canadian gold miner said Tuesday.
Gold Tops $1,800 as Italy's Govt Teeters
Gold rose above $1,800 an ounce on Tuesday for the first time in over a month, fueled by worries that a teetering government in euro zone's third largest economy Italy would deepen the region's debt crisis.
India Gold Futures Extend Gains on Weaker Rupee
India gold futures extended gains despite steady overseas markets, as prices tracked a weaker rupee, but physical buying was subdued by the high costs, dealers said.
Gold Poised to Climb Past $1,800
Gold prices Tuesday bumped around the previous day's closing price on profit-taking but safe-haven buying and favorable currency moves appeared set to lift the metal above $1,800 per ounce.
Gold Steady on Mounting Italy Debt Worry
Gold prices hovered above $1,790 on Tuesday, after soaring more than 2 percent in the previous session, supported by safe haven demand as Italy took center stage in the euro zone debt crisis.
Gold, Silver Prices up 2% in Flight to Safety
Gold prices jumped two percent to hit their highest point in six weeks and regain, at least for now, its traditional role as a safe-haven investment.
Yukon-Gold Narrows 3Q Loss
Yukon-Nevada Gold Corp. reduced its third-quarter loss on higher gold prices and increased gold production as well as a gain on warrants.
Gold Prices Climb More Than 1% on Safe-Haven Buying
Gold prices climbed from eastern Asia to Western Europe Monday as worries about Europe's sovereign debt crisis spreading to Italy offset news that Greece's prime minster will resign.
Gold Rises 1% amid Jitters on Greece and Italy
Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
Primero Q3 profit rises on gold prices
Primero Mining (P.TO: Quote) posted a third-quarter profit, helped by strong gold prices, sending its shares up as much as 7 percent.
New Gold's Adjusted 3Q Profit up Nearly 70%
Higher gold prices and increased sales lifted New Gold Inc.'s adjusted third-quarter earnings nearly 70 percent, the Vancouver-based company said Friday.
Gold Prices Hover Near 6-Week Highs, Await Greek Vote
Gold prices hovered Friday near six-week highs as the Greek prime minister awaited a no-confidence vote sparked by his sudden proposal for -- and just as sudden withdrawal of -- a referendum on accepting bailout money.
Gold Prices Pop 2% on Draghi, Papandreou Surprises
Gold prices surged two percent Thursday after a surprise interest rate cut by the European Central Bank and Greece's prime minister abruptly dropping a widely denounced plan for a referendum on accepting bailout money.
Historic Canadian Gold Mining Town Reviving
With a gleam in his eyes, Sidney Hamden recalls the glory days of Kirkland Lake, the little Canadian mining town in northern Ontario that was long ago dubbed The Mile of Gold.
Gold Prices up on ECB's Surprise Rate Cut, Safe-Haven Buying
Gold rose 1 percent on Thursday, boosted by a surprise interest rate cut by the European Central Bank and safe-haven buying amid an uncertain future for the European Union as Greece's government was on the brink of collapse.
Gold Prices up Nearly 1%, Dollar down in Eurozone Tumult
Gold prices rose Thursday amid widespread uncertainty over whether Greece will leave the Eurozone or remain in the debt-plagued federation.
Tanzanian mining stumbles through 2011
Tanzania's mining sector grew only slowly this year due to uncertainty over government policies, a prolonged energy crisis and infrastructure constraints, a senior mining official said on Thursday.
Gold Investors Heartened by Miners Meeting Output Targets
London-listed gold miners Petropavlovsk and African Barrick Gold retained full-year production guidance, after a strong third quarter, further helping to rebuild investor confidence after missing targets last year.
African Barrick's 3Q Profit Rises to Record
African Barrick Gold Plc said its profit rose to a record in the third quarter boosted by higher production and all-time high gold prices.