Central GoldTrust Sells 2.65M Units for $180M
Calgary-based Central GoldTrust, a closed-end trust that holds gold bullion for investors, said Friday it sold 2.65 million units for $180 million.
PNG Gold Mulls Buying New Guinea Gold
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.
Grasberg Miners Repel Police Trying to Open Key Road
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.
New Gold's Adjusted 3Q Profit up Nearly 70%
Higher gold prices and increased sales lifted New Gold Inc.'s adjusted third-quarter earnings nearly 70 percent, the Vancouver-based company said Friday.
Mexico-focused Primero Mining Posts 3Q Profit
Primero Mining posted a third-quarter profit, helped by strong gold and silver prices.
Gold Prices Hover Near 6-Week Highs, Await Greek Vote
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's Grasberg Mine Operating at 5% - Govt Official
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 Pop 2% on Draghi, Papandreou Surprises
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.
Historic Canadian Gold Mining Town Reviving
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 Prices up on ECB's Surprise Rate Cut, Safe-Haven Buying
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.
Pan Project Has 1M Ounces of Gold, Midway Gold Estimates
Gold resources at a prospect southeast of Eureka, Nev., have been determined to exceed one million ounces, Midway Gold Corp. said Thursday.
Colt Resources to Invest $53M or More in Portgual
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.
Alamos Gold's 3Q Profit Plunges on One-Time Tax Charge
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.
Eldorado Gold's 3Q Jumps Nearly 50%
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.
U.S. Productivity Rises in 3Q - More Than Expected
Productivity rose this summer in its biggest gain since last winter, a sign the economy's current modest growth will last.
Gold Mining Stocks Surge on Papandreou Resignation Report
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 up Nearly 1%, Dollar down in Eurozone Tumult
Gold prices rose Thursday amid widespread uncertainty over whether Greece will leave the Eurozone or remain in the debt-plagued federation.
Yamana Gold's Adjusted 3Q Jumps 38%
Yamana Gold Inc. said Wednesday its adjusted third-quarter profit jumped 38 percent on higher prices and lower exploration expenses.
Kinross Gold's Adjusted 3Q Profit More Than Doubles
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 Swings to Profit in 3Q
Endeavour Silver Corp. swung to a profit in the third quarter on production increases and revenue nearly doubling.
Peru Aims to Balance Mining Investment, Local Concerns
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.
U.S. Union Wants Freeport-McMoRan Investigated
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.
Glenn Beck-Linked Gold Dealer Facing Fraud Charges
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.
Minor Metals Markets Attract Investors Wary of Gold, Silver Prices
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.
How Hope and Faith Are Dominating Investment Decisions
Corporations are booking huge third-quarter profits and sitting on gargantuan piles of cash -- and nothing could be less important.
Randgold Shares Soar on Huge 3Q Profit Surge
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.
Randgold Resources Set to Break 4Q Production Record
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 Rises on Cheaper Dollar, Bargain Hunting
Gold prices rose Wednesday on bargain hunting, continued strong demand from central banks for bullion and a weaker dollar.
Hartawan Holdings Buying Wilton Resources for $242M
Singapore-listed Hartawan Holdings Ltd. said on Monday it plans to buy an Indonesian gold mining firm in a reverse takeover deal worth S$300 million ($242 million) that would see the firm get new controlling shareholders.
Dollar Pressures Gold, but Euro Rise Helps Gold Pare Losses
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.
