Resolute Mining Discovers 700,000 ounces of Gold in Mali
Australian gold miner Resolute Mining said it made a 700,000-ounce gold discovery at its Tabacoroni joint venture with Etruscan Resources that would boost output from its Syama mine in Mali by about 100,000 ounces a year.
Gold, Silver Mining Company Shares Fall -- Despite Rising Metals' Prices
Gold and silver mining companies were falling Thursday - despite strength in the prices of both gold and silver and the broader stock market posting gains.
Jobs Report 2011: Six Things the Bears Find Inspiring
Stocks were rising Friday on the September jobs report, with many analysts calling the 103,000 jobs created last month encouraging and others saying it confirmed their view that early August economic reports exaggerated U.S. weakness.
Norilsk Nickel, a Major Palladium Producer, Engages Citibank, Soc. General for Loan
Russian metals giant Norilsk Nickel has mandated Citibank and Societe General to arrange a five-year pre-export loan up to $1.5 billion, the company said on Friday.
Freeport McMoRan's Indonesian Mine Raising Output, Despite Strike
Freeport McMoran Copper & Gold Inc is scaling up mining and milling output and concentrate sales at its giant Indonesian mine as more employees report for work, it said on Friday, even as the union extended a pay strike by a month.
Gold to Remain Strong Because of Few Safe-Haven Options - Analysts
Gold will stay strong due to a lack of alternative havens for investors operating in a slowing global economy, top performing commodity fund managers told Reuters after taking a defensive approach and going into cash during September's gold sell off.
Gold Prices Edge Higher after Unemployment Rate Remains Unchanged
Gold prices edged higher Thursday after the government reported surprisingly strong September hiring, but not strong enough to lower the nation's nominal unemployment rate.
Gold Headed for Biggest Weekly Gain in a Month
Gold headed up Friday for its biggest weekly gain in a month as equities regained strength after fresh European efforts to resolve the debt crisis eased worries about a global recession, while purchases from jewelers offered additional support.
Albania to Invite Bids for 151 Mining Licenses
Albania will invite bids for 151 mining licenses this year and plans to allocate 20 of them in weekly competitions, the Ministry of Economy, Trade and Mining said on Thursday.
Gold Prices Book Two Gains in a Row, Silver Surges More Than 5%
Gold prices booked two gains in a row Thursday and silver surged after the European Central Bank and Britain's central bank acted to protect the continent's staggering banks.
Platinum Prices: Desperately Seeking a Bottom or Prepping for a Pop?
Platinum just finished plunging more than 22 percent from its late August level and the bottom has still not come into view.
Gold Off after ECB Leaves Interest Rate Alone
Gold fell in choppy trade on Thursday after the European Central Bank held off flagging an imminent cut in interest rates, deflating an earlier rally in assets seen as higher risk, such as equities and the euro.
Silver Mining Companies Extend Big Gains
Shares of silver mining companies Thursday extended the previous day's gains, many rising by more than the increasing value of silver itself.
Mongolia to Stand by '09 Mining Investment Agreement
The Mongolian government, Ivanhoe Mines and partner Rio Tinto have agreed to back a 2009 investment agreement for the massive Oyu Tolgoi copper-gold deposit, ending discussions over possible changes.
Congolese Gold Mine Set to Start Output Next Week
High in the hills of Congo's troubled northeast, a modern mine is ready to pour gold for the first time in five decades.
Gold Prices Rise on Physical Buying, Asian Demand, Stronger S&P 500
Gold prices rose nearly 1 percent Thursday on strong physical buying from Europe and Asia and diminished selling pressure that had arisen from the need to cover stock market losses.
Alamos Gold Posts 9% Production Hike at Mexican Mine
Alamos Gold Inc. posted a 9 percent rise in production at its flagship Mulatos mine in Mexico, and said it was on track to meet its annual output view.
Union Extends Strike at Freeport McMoRan's Indonesian Mine
Union workers at Freeport McMoRan Copper & Gold Inc.'s extended their strike at a massive Indonesian gold and copper mine on Thursday for a second month, the longest strike in the country's mining industry.
Gold Firming in Europe, Equity Gains Relieve Selling Pressure
Gold firmed in Europe on Thursday as a strong recovery in equity markets cut selling of the precious metal to cover losses elsewhere, and as physical buyers took advantage of lower prices to stock up.
Gold Prices Rise, Retesting Intra-Day Highs
Gold rose on Wednesday after dipping below $1,600 an ounce as stock markets appeared to have found their footing, but traders said the metal's correlation with volatile equities could trigger more selling.
Carpathian Gold Gets Line of Credit for Brazilian Venture
Carpathian Gold Inc. is taking out a line of credit with Macquarie Bank Ltd. for $75 million to $97 million, the Toronto-based mining company said Wednesday.
Brigus Gold's Saskatchewan Project May be Worth $300M
Brigus Gold Corp. said Wednesday that an independent analysis of its northern Saskatchewan project indicates a net present value of $144.3 million assuming a gold price of $1,250.
Guyana Goldfields Signs Stability Pact with Guyana
Guyana Goldfields Inc. said Wednesday it signed a stability agreement with Guyana to develop its Aurora Gold Project.
Klondex draws $5M off Line of Credit for Nevada Work
Klondex Mines Ltd. said Wednesday it has drawn $5 million from a $20 million gold-backed debt facility to fund continued exploration and development at its 100 percent-owned Fire Creek gold property in the Battle Mountain-Eureka Trend of northern Nevada.
Industrial Commodities End Several Day of Sliding
Industrial commodity prices ended several days of losses on Wednesday after the U.S. Federal Reserve said it would take measures to prevent the economy from sliding into recession, although copper and crude oil held near multi-month lows.
Gold Prices Hover in Tight Range on Physical Buying, Weak Dollar
Gold prices hovered in a tight range Wednesday as strong physical buying offset renewed optimism among stock investors that Europe might yet avert a sovereign debt-induced recession.
North American Palladium to Expand Flagship Mine in Ontario
Canada's North American Palladium said it plans to expand its flagship mine in Northern Ontario and expects capital expenditure for the first phase of the project to be around $75 million.
Gold Prices Retreat as European Stocks Gain
Gold fell more than 1 percent on Wednesday, extending the previous day's hefty losses, as rising equities diverted some interest from the precious metal, and as investors remained wary of buying into the market after its recent sharp volatility.
Gold Drops 2.5% after Bernanke Hints at Easing
Gold prices fell Tuesday, along with other safe-haven investments, after the head of the Federal Reserve said the central bank was ready to do more to support economic activity.
Gold Price Decline Turns into Gold Price Plunge in Midday Trading
Gold price declines turned into a gold price plunge in midday trading Tuesday as stock exchanges pared losses, U.S. Treasuries fell and the dollar reversed its earlier gains to turn modestly lower.
