South Africa's Royal Bafokeng Platinum reported a 20 percent drop in first-half profit on Tuesday, hit by higher operating costs, and said it expected further costs increases.
G-Resources Group Ltd , backed by Mount Kellett Capital and BlackRock Inc , is delaying production of its $1 billion gold mine in Indonesia to the end of the first quarter next year due to adverse weather conditions and harder ground conditions than previously expected.
Gold prices rose on Tuesday as concerns over the financial health of the euro zone resurfaced ahead of a summit in Paris between French and German leaders, at which they will try to thrash out a solution to the bloc's debt crisis.
Spot gold held onto gains made in the previous session on Tuesday, but hopes that a Franco-German summit will make progress to help quell the region's sovereign debt crisis are expected to keep a lid on prices.
MAG Silver Corp., a junior mining company based in Vancouver with operations in Mexico, said it swung to a profit in the second quarter and trimmed its loss for the first half of the year.
Merger news and strong demand from Europeans lifted gold and silver prices Monday, as well as shares of the companies that mine the precious metals.
Silver prices and the shares of silver mining companies rose Monday along with the price of gold and the broader U.S. stock market.
The Swiss franc dropped to two-week lows against the euro and dollar on Monday on speculation the Swiss National Bank could further act to curb strength in the currency by setting an exchange rate target as early as this week.
Tanzania plans to conclude negotiations with mining companies early next month to allow the government to raise royalty payments on gold exports to 4 percent from 3 percent.
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
Gold and silver prices rose Monday in early U.S. trading as Europeans bought unusually large volumes of the yellow metal.
Commodities saw volatile movement last week, driven by intensifying talk of U.S. double-dip recession, spreading of sovereign crisis from the European periphery to core economies, speculations of U.S. Fed's easing measures, and supportive macro-economic data.
Newcrest Mining , the world's No.3 gold miner, plans to focus on expanding in Asia, where it will spend A$9 billion ($9.3 billion) to boost its gold output by 50 percent over the next five years.
Uranium Resources Inc. said Monday that, as of July 31, it had about $7.2 million in cash compared to $11.1 million at the end of March and $15.4 million at the end of last year.
Brigus Gold Corp. swung to a profit in the first half of the year on a huge jump in production, lifting shares Monday of the Canadian mining in premarket trading.
Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
Harmony Gold, the world's fifth largest gold producer, reported a 67 percent drop in quarterly profits that fell short of market expectations as power rates and the costs of a troubled asset it recently bought took a bite from its earnings.
With recession fears weighing on equity markets, resource investors would do well to steer clear of speculative Canadian mining plays and put their cash into producing miners with strong balance sheets.
San Gold Corp's quarterly loss nearly halved helped by higher production and soaring bullion prices.
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
Gold and silver prices retreated Friday as investors shrugged off weak consumer sentiment data to step back into stocks and give the S&P 500 a two-day winning streak for the first time since mid-July.
The retreat Friday in the price of gold marks a pause, nothing more, in the precious metal's ascent, according to a Barclays Capital report.
This year's explosion in gold and related assets comes on the 25th anniversary of a hit single that offers an uncannily relevant message for the Wall Street establishment: It is "Hip to Be Square."
Gold and silver mining company stocks fell Friday as the broader equity markets posted gains, extending for a second day their rebound from this month's horrendous downdraft.
Gold prices fell on Friday, extending the previous session's retreat from record highs as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.
Toronto-based Primero Mining Corp., a precious metals producer, said Friday it expects its common shares to begin trading on the New York Stock Exchange on Monday under the symbol "PPP."
WestMountain Index Advisor Inc. said Friday it has begun a drilling program at its flagship Bonanza Terra Gold Project, which has the potential to produce more than one million ounces of gold, in Alaska.
An anorexic under doctor's orders to put on weight might fret unnecessarily about getting fat one day.
With the wild ride on the world's markets enough to give even the most seasoned investors the jitters, everyone is talking about gold.
European stock markets rallied on Friday as a ban on the short-selling of financial shares tempted investors back into the battered banking sector, although concerns over the health of French banks kept the mood edgy and trading remained volatile.
