Anglo American Platinum, the world's largest producer of the precious metal, has agreed to help boost production at Anooraq Resources' Bokoni Platinum Mine through a new 2.6 billion rand ($325 million) capital development programme.
Gold prices Thursday extended last month's rally after positive manufacturing from China to the Europe to the U.S. and Greece appeared close to a settlement with its creditors.
Many analysts remain bullish on gold and expect it to continue to rally in 2012.
Russian firms produced 209.0 tonnes of gold in 2011, 3.6 percent more than in 2010, but below an earlier forecast, data published on Wednesday by the Gold Industrialists' Union industry lobby showed.
OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italyand abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.
Gold rose on Wednesday as the dollar slipped against the euro and on strong global manufacturing data, while analysts said profit taking could pressure the precious metal after its biggest January gain in 32 years.
Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
Gold prices rose Wednesday, at one point topping the $1,750 mark, but generally stayed within a narrow range in the absence of any single dominant factor.
Gold prices were on course for their biggest monthly rise since August on Tuesday, boosted by economic unease in Europe and the United States and raising the possibility of a climb toward last year's record high of just over $1,900 per ounce.
U.S. Silver Corporation (TSE:USA) has forecast around 2.4 million ounces of silver production in 2012, the company said on Tuesday.
U.S. Silver Corporation (TSE:USA) has forecast around 2.4 million ounces of silver production in 2012, the company said on Tuesday.
U.S. Silver Corp. said Tuesday it expects to produce about 2.4 million ounces of silver this year, with byproduct production of lead to be approximately 6.5 million pounds and copper to be some 1.2 million pounds.
Greenpeace activists stormed Romania's Environment Ministry on Tuesday, chaining themselves to radiators in the minister's office in an attempt to stop approval for Europe's biggest open-cast gold mine in a small Carpathian town.
Gold prices, headed for their strongest January in three years, rose Tuesday as fears of a Greek sovereign debt default receded, the dollar weakened and crude oil and copper prices increased.
Canadian mining company Semafo forecast its 2012 gold production, with the mid-point dipping below last year's output while cash costs rise.
Denver-based Gold Resource Corp. said Monday it produced about 66,125 ounces precious metal gold equivalent last year, of which about 19,900 ounces were produced in the fourth quarter.
Gold eased on Monday, under pressure from a weaker euro, but was off session lows and still within sight of last week's seven-week highs, supported by evidence of improved investor demand.
South African miner Impala Platinum said on Monday its Rustenburg operations remained shut after the majority of workers staging an illegal strike over wages failed to return to work.
Miner Centamin, which operates the first modern gold mine in Egypt, more than doubled its fourth-quarter operating profit and said it expects 2012 production to rise by more than 20 percent from last year, with cash costs easing.
Mineral exploration company Sandspring Resources Ltd raised its estimates for the measured and indicated resources at its Guyana gold-copper project and cut the project's pre-production capital costs.
ussian gold miner Highland Gold missed a reduced output forecast for 2011, producing 184,102 ounces of gold and gold equivalents during the year, citing poor ore quality at a key mine.
Gold prices slipped Monday as the euro fell, global stocks declined and investors booked profits from recent gains.
Gold ticked lower Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks, but sentiment was supported by a firmer euro and lower-than-expected U.S. growth data.
Gold prices posted a modest gain Friday, capping a three-day rally as well as a week in which the yellow metal jumped 4.15 percent.
The world's biggest hedge fund Bridgewater Associates posted returns of 23 percent in 2011, in a year when most of its peers underperformed the major stock market indexes, the New York Times reported, citing people familiar with the firm's investment strategy.
U.S. stocks were headed for a lower open on Friday after data showed the U.S. economy grew less than expected in the fourth quarter, while weak earnings from Ford and Procter & Gamble and concerns over Europe's debt crisis could also weigh on the market.
Gold prices leveled off Friday, consolidating the week's dramatic gains, amid prospects for more increases next week and next month.
Spot gold finished slightly lower on Thursday as investors locked in profits after bullion jumped past key resistance in early trade.
Fortuna Silver Mines Inc., one of Latin America's fastest growing silver producers announced Thursday its silver production in the last year rose by 31 percent, the fifth consecutive year the company's production grew.
Russia-focused gold miner Petropavlovsk said on Thursday its full year output will rise 11 percent to 680,000 ounces in 2012, having beaten last year's target on the back of higher output at its flagship Pioneer mine.
