Gold Falls Modestly as Eurozone Looks to IMF for Survival
Gold prices fell Wednesday after eurozone finance ministers said there are only 10 days left to save the monetary union from financial catastrophe.
Gold Prices Edge Higher, Eurozone Remains the Focus
Gold prices barely moved Tuesday as investors waited to see if Eurozone finance ministers meeting in Brussels will agree to strengthen the continent's bailout fund to insure sovereign debt.
Seabridge Gold Expands Courageous Lake Gold Zone
Seabridge Gold Inc said drilling at its Courageous Lake project in Canada's Northwest Territories showed significant expansion of a gold zone that could more than quadruple the zone's contribution to measured and indicated resources.
China to Close Small Gold Mines - Report
China's Ministry of Industry and Information Technology has ordered local governments to shut small gold mines with a daily ore processing capacity of less than 50 tonnes and is working on a plan to consolidate the sector, the Shanghai Securities News said on Tuesday.
Surging Gold Prices Curb Indian Demand
Simone Bora is contemplating the unthinkable -- an Indian wedding without lavish amounts of gold after record high prices and a sinking rupee have dimmed her hopes of sparkling at the party.
Gold Hovers in Tight Range ahead of Key Eurozone Meeting
Gold prices barely moved Tuesday as investors awaited the outcome of a critical Eurozone meeting expected to approve a boost to the continent's bailout fund and OK the next tranche of aid to debt-choked Greece.
Gold Climbs 1.4% as Eurozone Leaders Take Drastic Action
Gold prices surged Monday along with equities on hope that drastic action by France and Germany can save the Eurozone from its two-year-old sovereign debt crisis.
Silver Mining Company Shares Post Big Gains
Silver mining company shares rocketed higher Monday as the price of the gray metal surged and the broader stock market indexes rose more than three percent.
Putin Delays Polyus Gold's LSE-Listing Plan
Gold miner Polyus Gold's plans for a premium listing on the London Stock Exchange have been delayed, after an investment committee chaired by prime minister Vladimir Putin said it would not consider approval for the move until 2012.
Peruvian Police Use Tear Gas on Anti-Gold Mine Protesters
Peruvian police fired tear gas on Friday to break up a protest at Newmont Mining Corp's proposed $4.8 billion Conga gold mine as the government tried to mediate a bitter environmental dispute over the project.
Venezuela Gets First Shipment of Repatriated Gold
The first shipment of gold bars arrived home in Venezuela on Friday after President Hugo Chavez ordered that almost all of the country's foreign bullion reserves be repatriated from Western bank vaults.
US Gold Completes Study of Gold Bar Project
US Gold Corp said on Monday it has completed a preliminary feasibility study (PFS) on its Gold Bar mining project in Nevada.
Randgold Resources Cuts '11 Production Target
West Africa-focused miner Randgold Resources has cut its 2011 production target for the second time this year after a perfect storm of difficult mining conditions, work stoppages and a mill breakdown at its Tongon mine in Ivory Coast.
Gold to Hit $1,875 by Year-end - Barclays Capital Research
Gold prices will climb to $1,875 per troy ounce this month and to an average of $2,000 next year, Barclays Capital Research said Monday in a report.
Gold Prices Surge on Fresh Hope for Eurozone
Gold prices surged Monday as German and French leaders worked on emergency plan to save the Eurozone within weeks rather than months and strong U.S. retail buying bolstered equities.
Gold Slips to a Two-Week Low as Dollar Surges
Gold prices slipped Friday to a two-week low as a surging dollar offset support from rising equities, higher crude oil prices and strong investor demand for gold.
Indian Gold Prices Set to Fall from Peak - Survey
India gold prices are likely to fall more than 3.5 percent from its peak after a 16 percent rally last quarter as investors resort to year-end profit-taking while tepid wedding demand weighed, a Reuters poll of banks and brokerages found.
Newcrest Mining Assesses Rock Slip at Cadia Gold Mine
Australia's Newcrest Mining was assessing damage from a rock slip that was blocking access to part of its Cadia gold and copper mine, one of the largest of its kind in Australia.
Peru's Leftists Criticize Leftist Pres. Ollanta Humala
Foes of the biggest mining investment in Peruvian history accused President Ollanta Humala on Thursday of abandoning his leftist roots to support Newmont's proposed $4.8 billion Conga gold mine.
Chile's Antofagasta Profit Jumps 28%
Chilean miner Antofagasta posted a 28 percent rise in nine-month profit, lifted by improved production and an increase in gold sales that helped offset bad weather and an accountancy hit after copper prices fell steeply in the third quarter.
Zimbabwe Hiking Gold, Platinum Royalties
Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand by 9.4 percent, Finance Minister Tendai Biti said on Thursday, but a hike in mining royalties could impede growth.
Ecuador near Approving Gold Projects
Ecuador's President Rafael Correa says his government is within days of signing contracts with mining companies set to develop large copper and gold projects in the mineral-rich Andean nation.
Bulgarian Govt OKs Dundee Precious Metals' Krumovgrad Gold Project
Canada's Dundee Precious Metals Inc said it received environmental approval from the Bulgarian government for its Krumovgrad gold project, sending its shares up as much as 8 percent.
Gold Prices Slide Towards Second Weekly Drop
Gold prices fell Friday in what appeared to be their second straight weekly retreat in the face of a Eurozone crisis, which after two years has yet to be contained, let alone solved, and now threatens Europe's financial liquidity.
Peru Govt to Newmont Mining's Strikers: 'Nada Violencia'
Peru's government urged opponents of Newmont Mining's proposed $4.8 billion Conga gold mine project to refrain from violence during a protest on Thursday as President Ollanta Humala scrambles to solve the bitter dispute.
Gold Tumbles but Rebounds to Near Starting Price
Gold prices fell Wednesday as investors sold the metal to raise cash but bargain hunting and short covering pared the losses so the yellow metal ended the session just shy of its opening price.
SA Official Says Miners Miss Mandated Black Ownership Goal
South Africa's Mining Minister said on Wednesday that mining companies had not achieved a state-mandated 26 percent black ownership target earlier than expected, countering the industry's claim.
Goldplat Expects Kenyan Gold Production by Early 2012
Gold producer and explorer Goldplat said it expected to make its first shipment from its Kenyan mining project in early 2012, after receiving a mining licence from the government.
Anglo American Platinum Giving 10% of Zimbabwe Project to Locals
Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.
Colombia's Buritica Yields More Gold, Silver -- Continental Gold
Continental Gold Ltd. discovered more potentially commercial amounts of gold and silver at its Buritica project in Antioquia, Colombia, the company said Wednesday.
