Gold Bullion Bulls Seek New Trading Range - Analysis
The second-biggest slump in gold prices since the financial crisis has rattled bullion bulls, as implied volatility in the gold options market is subdued, suggesting the bullion is seeking to find a new range.
Rock Burst Probe Keeps Lucky Friday Mine Shut
A rock burst this week at Hecla Mining Co.'s Luky Friday mine in Idaho that left seven miners injured was not related to two previous fatal accidents that occurred earlier this year in the mine, the mining company said Friday.
Torex Gold Resources' Morelos Gold Project Advances
Torex Gold Resources said it signed long-term lease agreements with land holders for construction and mining at its Morelos gold project in Mexico, paving the way for commercial production at the site.
Swiss Franc, Gold Not Safe Havens - UBS
The Swiss franc and investments in gold will no longer provide investors with safe harbor from market turmoil and the eurozone debt crisis, UBS AG's investment chief told the Swiss bank's client in a letter on Friday.
Gold, Global Stocks, up on Fresh Signs of U.S. Strength
Global stocks and commodities, including much-battered gold prices, rose Friday on fresh evidence that neither Eurozone troubles nor Asian weakness are deterring U.S. economic growth.
Gold Prices Extend Losses But Decline is Modest
Gold prices extended losses to a fourth session Thursday but the decline was far less than the previous day's plunge as weaker crude oil prices offset support from dollar weakness.
10 Biggest Silver Mines in the World [PHOTOS]
Here is a list of the 10 biggest silver-producing mines in the world, based on available 2010 data.
Gold Heads for First Quarterly Fall Since Sept '08: Analysis
A dash for cash has overwhelmed gold's traditional status as a haven from risk, putting the metal on course for its first quarterly fall since end-September 2008, when the global credit crunch was at its worst.
7 Injured, Treated in Hecla Mining Incident, Operations Halted
Seven workers injured in a rock burst at a Hecla Mining Co. silver mine in Idaho were treated at local hospitals, and operations have been halted, the company said Thursday.
World's Largest Jewelry Retailer Goes Public
For tycoon Cheng Yu-Tung, 86, listing his jewellery retailer Chow Tai Fook, the world's largest, on the Hong Kong Stock Exchange paves the way for his younger generation to strengthen its position in China's glittering market.
Gold Halts Fall, but Prices Remain Vulnerable
Gold prices Thursday appeared to halt the previous session's big plunge, though prospects they were carving a bottom defied the extent of damage precious metals prices suffered.
Gold Prices Collapse 4.6%, Half of '11 Gains Now Gone
The bottom dropped out of gold prices Friday as technical supports collapsed, hedge fund managers turned holdings into cash and a surging dollar killed any vestige of physical demand.
Alaska's Nixon Fork Mill, Mine Resume Operating
Fire River Gold Corp said it resumed operations at its Nixon Fork mine in Alaska on Tuesday night, three days after it suspended operations at the mine and mill as bad weather prevented fuel-carrying aircraft from landing at the site.
Gold, Silver Prices Plunging in Massive Selloff
Gold and silver assets were plunging dramatically Wednesday, with prices for bullion falling below their 200-day moving average for the first time since 2009 and shares of precious metals miners dropping hard.
Platinum Producer Lonmin, Miners Settle Strike
South Africa's trade union Solidarity said on Wednesday it has reached a two-year wage agreement with platinum miner Lonmin that will see its members get pay rises of up to 8 percent.
Freeport Indonesia, Strikers in 2-Year Wage Pact
Freeport McMoRan Copper & Gold Inc. and its Indonesian union signed a pay deal on Wednesday to end a three-month strike that had paralysed output at the world's second-biggest copper mine, a union official and the company said.
World's Biggest Jewellry Maker to Import More Gold
India's Rajesh Exports, the world's biggest jewellery maker, expects to raise gold imports 17 percent next year to power its renewed thrust in the competitive and fragmented local jewellery market as a cushion against a volatile export market, its chairman said on Wednesday.
Gold Falls for 3rd Day, Price Drop Since Wed 6%
Gold prices fell for a third consecutive day Wednesday -- extending a weeklong plunge to more than 6 percent -- after the U.S. central bank warned that slowing global growth threatens the nation's weak recovery.
Gold Prices Fall to Two-Month Low
Gold prices slipped Tuesday, its seventh consecutive daily decline, to a two-month low as the dollar posted big gains in light trading.
ECR Minerals to Drill El Abra in Jan.
ECR Minerals Plc said Tuesday it expects exploratory drilling on its El Abra gold prospect in Argentina to begin next month.
Hecla Acquires 100% of Big Colorado Silver Project
Hecla Mining Co., the largest U.S. silver producer, acquired the remaining 30 percent interest in a prolific Colorado silver project that it did not already own, the Idaho-based company said Tuesday.
Gold ETF Holdings Massive But Stable
The amount of gold held in exchange-traded products is near record highs and although the gold price is suffering from investors' desire for the safety of cash, the risk of this $116 billion stash of bullion being jettisoned is distant.
Eurozone Central Banks' Gold Assets Fall in Half
Gold and gold receivables held by euro zone central banks fell by 1 million euros to 419.822 billion euros in the week ending Dec. 9, the European Central Bank said on Tuesday.
Endeavour Silver Sees Guanajuato Reserve Increase
Canadian miner Endeavour Silver Corp said it has discovered two high-grade silver-gold zones at its Guanajuato mine in Mexico and expects a substantial increase in reserves and resources at the mine at the year-end.
Papua New Guinea Leadership Row May Affect Panguna Mine
Papua New Guinea's governor-general decided on Tuesday that the two men claiming to be the resource-rich country's prime minister must negotiate a solution, leaving a tense political deadlock unresolved.
End of Grasberg Strike Imminent - Report
Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.
Rio Tinto May Buy Oyu Tolgoi Stakeholder - Arbitrator
An independent arbitrator cleared the way on Tuesday for mining group Rio Tinto Plc/Ltd to take over Ivanhoe Mines Ltd, saying the $16 billion Canadian group's poison pill defense was not valid.
Gold Price Steady as Physical Demand Offsets Euro Worries
Gold hardly moved Tuesday with prices stretched between stronger physical demand from Asia and Eurozone worries, including bank weakness and more sovereign debt downgrades.
Gold Prices Plunge to 6-Week Low, Dollar Soars
Gold prices tumbled to a six-week low Monday as bank selling and a skyrocketing dollar offset support from central bank buying.
African Barrick Gold Agrees to Higher Tanzanian Royalties
African Barrick Gold Plc (ABG) has agreed with the Tanzanian government to raise the royalty rate it pays on gold exports, the country's minerals ministry said on Monday.
