U.S. Silver's 3Q Skyrockets on Higher Prices, Output
U.S. Silver Corp.'s third-quarter profit skyrocketed on higher silver prices, the Toronto-based company said Monday.
Brigus Gold Swings to Profit in 3Q
Brigus Gold Corp. swung to a profit in the third quarter as higher prices offset lower production, the Halifax, Nova Scotia-based miner said Monday.
Lonmin, World's 3rd Largest Platinum Producer, Tops 3Q Expectation
Lonmin, the world's third-largest platinum producer, beat expectations with a 59 percent jump in full-year earnings, even though a strike at its Karee operations drove up unit costs and forced the miner to cut its output target.
Harmony Gold Gets Offers on Papua New Guinea Assets
Harmony Gold , South Africa's third-largest gold producer, said on Monday it had received a number of enquiries and proposals from parties interested in acquiring its assets in Papua New Guinea, but it was not ready to sell.
Zambia's Higher Royalties May Result in Less Output - Miner
Miners in Africa's top copper producer Zambia may have to scale down in the face of a move to raise royalties by the new government of President Michael Sata, the general manager of the country's chamber of mines said on Monday.
Gold Prices Fall as Dollar Rises
Gold prices fell Monday on tentative optimism the sovereign debts of Italy and Greece can be managed without crashing Europe's banking system.
Gold Prices End Wild Week with Another Gain
Gold prices rode a roller-coaster this week, topping a peak midweek when the settled at $1,799.20 before plunging 2.2 percent over the next two days on fears Italy had lost control of its finances and was threatening the Eurozone's survival.
Peru's Government Warns Violent Anti-Mine Protesters
Peru said on Friday that it will crack down on violent anti-mining protesters after clashes with police injured 40 people, the first skirmishes since President Ollanta Humala took office vowing to defuse conflicts over natural resources.
Claude Resources 3Q Down on Lower Output, Derivatives Loss
Claude Resources Inc. said Friday its third-quarter profit fell as a one-time loss on derivatives and lower production offset higher prices.
Osisko Mining Posts 3Q Profit, Quebec Output Rises
Osisko Mining reported a quarterly profit on Friday as production ramped up at its Canadian Malartic mine in Quebec and high gold prices boosted revenue.
Crocodile Gold Cuts '11 Output Forecast, Books 3Q Loss
Crocodile Gold Corp reported a quarterly loss, hurt partly by higher costs, and lowered its production forecast for 2011.
Zambia's Plans for Higher Mineral Royalties
Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.
Centamin Egypt to Create New Parent Company
Gold producer Centamin Egypt Ltd said it plans to set up a new parent company, to be redomiciled in Jersey, that it hopes will attract further international investor interest.
IAMGold May be Ready to Sell Itself or to Buy Assets
Canadian gold miner IAMGold is on the lookout for acquisitions and could put itself up for sale, its chief executive said on Friday, adding economic uncertainty could drive bullion above $2,000 per ounce.
Gold Regaining Traditional Safe-Haven Role - Analysis
Gold is returning to its traditional role as a safe-haven investment and starting to break its recent link with the stock market, UBS strategist Edel Tully said Friday.
Gold Prices Rising Despite Equity Gains
Gold prices edged up Friday as a bump in sentiment about the Eurozone crisis encouraged a move into stocks and the continent's single currency.
Gold Prices Fall as Investors Sell to Raise Cash
Gold prices fell Thursday, their third consecutive daily decline, as investors facing margin calls sold the yellow metal to raise cash.
Gold Falls As Investors Sell to Raise Cash
Gold fell on Thursday, on track for its biggest one-day loss in two weeks, as fearsabout political turmoil in Italy and a deepening euro zone debt crisis prompted investors to raise cash by liquidating somepositions in the bullion market.
Eurozone Crisis Bodes Well for Gold Price - Analysis
Gold has confounded market watchers by refusing to behave like a safe-haven and instead has tracked equities over the past few weeks, but the escalating European debt crisis could see bullion ditch its risk-asset mantle and return to record highs.
B2Gold's 3Q More Than Doubles
B2Gold Corp's third-quarter adjusted profit more than doubled, helped by higher production and strong prices.
Rainy River Sees Gold in Northwest Ontario
Gold exploration company Rainy River said it has completed a preliminary assessment of its Rainy River project, which indicates that the gold project in northwest Ontario is viable.
Gold ETPs Steady in October - Report
Investors stuck with gold exchange-traded products (ETPs) in October, but most other commodities ETPs saw outflows as investors remained cautious about the outlook for economic growth.
Aurizon Mines Posts Big 3Q Profit Increase
Vancouver-based Aurizon Mines Ltd. said Thursday its third-quarter profit rose dramatically as higher prices and output offset increased costs, more taxes and foreign exchange losses.
AuRico Gold's 3Q Profit Surges 76%
AuRico Gold Inc., a large Canadian gold miner, said Thursday third-quarter profit surged 76 percent on increased metals' prices and higher output, particularly from three Mexican mines.
Gold Fields 3Q Profit Triples, Efficiency Gains Key
Gold Fields Ltd.'s third-quarter profit tripled from the year-earlier quarter as surging gold prices and enhanced efficiency offset higher operating costs, the world's fourth-largest gold miner reported Thursday.
Gold Prices Test $1,750/Ounce Support
Gold prices recouped big early losses Thursday to start Comex floor trading about one percent down as the U.S. dollar fell against the euro on hopes a new Italian and Greek governments may pave the way for Europe to avert a recession.
U.S. Stocks Plummet in Global Flight to Safety
U.S. stocks plummeted Wednesday in a global stampede toward investments perceived as capable of withstanding a severe European downturn, or worse.
Gold Withstands Stampede, Slips Just $8
Gold prices slipped modestly Wednesday as stock investors in Europe and the U.S. dumped their holdings and abandoned the euro in a global stampede to safety.
First Majestic Silver 3Q Lifted by Higher Prices
First Majestic Silver Corp.'s third-quarter profit rose as higher silver prices lifted revenue 88 percent, offsetting a decline in silver produced, the Vancouver-based mining company said Wednesday.
AngloGold Ashanti Beats 3Q Estimates
AngloGold Ashanti , the world No. 3 gold miner, reported record-breaking quarterly earnings on Wednesday, beating forecasts as bullion's bull run filled its coffers.
