PNG Gold Corp. said Friday it is considering an all-stock deal to buy New Guinea Gold Corp., with which it has signed a letter of intent regarding merger discussions.
Police failed to lift road blockades stopping fuel and food reaching Freeport McMoRan Copper & Gold's mining operations in Indonesia's Papua region, after clashes with striking miners and local tribesmen on Friday.
Higher gold prices and increased sales lifted New Gold Inc.'s adjusted third-quarter earnings nearly 70 percent, the Vancouver-based company said Friday.
Primero Mining posted a third-quarter profit, helped by strong gold and silver prices.
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.
Freeport-McMoRan Copper & Gold Inc.'s massive Grasberg mine in Indonesia is producing copper, gold and silver ore at 5 percent of its full capacity, a senior official at the energy and mineral resources ministry said on Thursday.
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.
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 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 resources at a prospect southeast of Eureka, Nev., have been determined to exceed one million ounces, Midway Gold Corp. said Thursday.
Canada's Colt Resources Inc will invest at least 53 million euros ($73 million) in two gold prospecting concessions in Portugal's southern Alentejo region, and the company said on Thursday it considers the country as strategic to its growth.
Canadian mining company Alamos Gold Inc. said Thursday its third-quarter profit plunged 73 percent as a one-time tax related to a weaker Mexican peso offset higher gold production and prices.
The third-quarter profit of Eldorado Gold Corp., which operates in Turkey, China and Brazil, jumped nearly 50 percent on higher prices and record high quarterly production.
Gold mining stocks surged Thursday in premarket trading as the price of the metal post big gains and markets were encouraged by prospects that Greece's prime minster might resign.
Gold prices rose Thursday amid widespread uncertainty over whether Greece will leave the Eurozone or remain in the debt-plagued federation.
Yamana Gold Inc. said Wednesday its adjusted third-quarter profit jumped 38 percent on higher prices and lower exploration expenses.
Kinross Gold Corp. said Wednesday its adjusted profit in the third-quarter more than doubled on higher prices and revenue that topped $1 billion for the first time.
Endeavour Silver Corp. swung to a profit in the third quarter on production increases and revenue nearly doubling.
Peru's government said on Wednesday it would try to broker a truce with angry protesters who are opposed to Newmont Mining's $4.8 billion Conga project, the biggest mining investment in the country's history.
The largest U.S. industrial labor union is suggesting publicly that Freeport-McMoRan Copper & Gold Inc., a top global gold producer, is violating the law by bribing police in Indonesia.
One of the largest U.S. precious metals dealers, which has used advertising by such conservative figures as Glenn Beck and Mike Huckabee, vowed Wednesday to fight bait-and-switch charges brought by Santa Monica, Calif.
Growing numbers of investors are turning to the minor metals market as a safe haven for their pension funds as gold and silver prices soar to record highs.
Shares of Randgold Resources Ltd., a top gold mining company focused on West Africa, soared Wednesday as rising production and prices combined to boost its third-quarter income four-fold.
West Africa-focused miner Randgold Resources Ltd. is confident of posting record gold production in the fourth quarter, enabling it to meet its annual guidance as it expands output from its Gounkoto mine in Mali.
Gold prices rose Wednesday on bargain hunting, continued strong demand from central banks for bullion and a weaker dollar.
Gold firmed on Wednesday, helped by safe-haven demand as the Eurozone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region.
Gold traded lower on Tuesday, under pressure from a stronger dollar, but a surprisingly weak read of U.S. factory activity enabled the euro to claw back some gains, thereby helping the bullion price pare earlier losses.
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts, saying it cannot do so without the permission of firms involved, according to a letter from Gecamines published on the ministry website.
Gold prices fell sharply Tuesday but regained much of the lost ground to close down 0.8 percent on reports that retail investors are increasing their exposure to gold-back exchange-traded products.
President Ollanta Humala, who took office in July, is trying to ramp up social spending to fight poverty without scaring away investors in Peru, one of the world's fastest-growing economies.
