Gold Fields Paid $66M for Option on Philippines Gold-Copper Deposit
Gold Fields, the world's fourth largest gold miner, said on Wednesday it had made a non-refundable down payment of $66 million for an option to acquire a 60 percent interest in an undeveloped gold-copper deposit in the Philippines.
Britain's FTSE Index Down on Greek Worries, Next Fed Move in Focus
Britain's top share index slipped back on Wednesday, weighed down by concerns over Greece's ability to stave off a default, as investors focused on the possibility of further economic stimulus from the U.S. Federal Reserve.
Long-Time Gold Investor Switches Postions
After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year's biggest bullion conference.
Gold Rose Tuesday to Highest Level in Eight Sessions
Gold jumped to its biggest gain in eight sessions on Tuesday, snapping back from steep day-ago losses as the anticipation of further U.S. stimulus mingled with new fears over global growth.
Silver Mining Companies, Silver ETFs Rise in Aftermarket Trading
Silver mining companies rose in aftermarket trading Tuesday even as the price of silver gave up gains achieved earlier in the day.
Gold to Top $2,000 Next Year - LBMA Conference Participants
Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
First Majestic Silver Completes Key Project in Mexico
First Majestic Silver Corp. said Tuesday it completed a key phase of an expansion at its La Parrilla Silver Mine in Mexico, which will result in the facility being able to double production to more than 3 million ounces of silver per year.
Hecla Linking Dividend to How Much it Gets for Silver
Hecla Mining Co., one of the largest silver miners in the world, said Tuesday it is linking its stock dividend policy to its average quarterly realized silver price in the preceding quarter.
Gold Jumps over $1,800 on Expectations of Fed Action
Gold prices rose over the $1,800 mark Tuesday on expectations that the Federal Reserve will decide this week on further steps to stimulate the economy and fresh evidence that the economy needs some stimulation.
Canadian Gold, Silver Mining Company Stocks Surge
Shares of Canadian gold and silver mining companies soared Tuesday as precious metals prices climb and worries about the U.S. economy as well as the eurozone's sovereign debt crises drive investors.
Swiss Conservatives Seek Ban on Central Bank Gold Sales
Members of the conservative Swiss People's Party (SVP) want a law to prevent the country's central bank -- currently struggling to tame a super-strong Swiss franc -- from selling its gold reserves, according to a proposal published on Tuesday.
Gold Mining Companies Lead Toronto Stock Exchange Higher
Toronto's main stock index rebounded on Tuesday, after touching a one-week low in the previous session, as bargain-hunters returned to the market and gold miners rose along with bullion prices.
Gold Price Set for Biggest Daily Gain in More Than a Week
Gold was set for its biggest daily gain in over a week on Tuesday, after a downgrade to Italy's credit rating added to the strain on European leaders to solve the region's debt crisis.
Lakeland Resources Reports High-Grade Gold Zone in Ontario
Canada's Lakeland Resources Inc said it found a high-grade gold zone on its Midas Gold property in Ontario, sending the mineral explorer's shares up as much as 33 percent on Tuesday morning trade.
Gold Fields Upgrades Estimate for Peruvian Project
Gold Fields, the world's fourth largest gold producer, has upgraded the mineral resource estimate for its Chucapaca joint-venture project in Peru by 35 percent to 7.6 million ounces.
Gold Rises After S&P Downgrades Italy's Debt
Gold rose Tuesday after Standard & Poor's downgraded Italy's debt, the latest in a series of blows to the eurozone and endorsements of precious metals, at least in the eyes of investors who want safe-havens.
S&P Downgrades Italy's Credit Rating; Raises Stakes for Eurozone Rescue
Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis.
Mongolian Investment Limits May Be Loosening - Report
The Mongolian government is discussing possible changes to a 2009 investment agreement for its massive copper-gold deposit at Oyu Tolgoi, media reports quoted the country's Finance Minister S. Bayartsogt as saying on Tuesday.
Spot Gold up after Downgrade of Italy
Gold rose on Tuesday, after Standard and Poor's downgraded Italy's credit rating, adding to the strain on the debt-distressed euro zone, while uncertainty over the outcome of a key U.S. Federal Reserve meeting also helped buoy the market.
Gold Steady after S&P Downgrade of Italy
Gold held steady on Tuesday, after Standard and Poor's downgrade of Italy's credit rating, while a stronger dollar weighed on sentiment ahead of a key U.S. Federal Reserve policy meeting.
U.S. Dollar, U.S Treasuries Gaining in Favor Against Gold - Analyst
As Europe's debt crisis deepens, low-yielding U.S. government debt and the much maligned dollar are suddenly glowing more brightly than gold.
Australia to Launch Bullion Exchange
Australia's first physical bullion exchange, an over-the-counter spot market for gold, silver and platinum, will begin operations Oct 4, the Australian Bullion Exchange (ABX) said in a statement on Tuesday.
Mongolia's President Defends Mining Ban
Mongolia's law banning mining in the country's river and forest areas is necessary to protect the mineral-rich Asian country's environment and herdsmen's livelihoods, President Tsakhia Elbegdorj said on Monday.
Gold Falls More Than 2 Percent, Dollar Jumps
Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
Semafo Halts Operations at Gold Processing Plant in Guinea
Canada-based gold miner Semafo Inc. said on Monday it halted operations at its Kiniero gold processing plant in Guinea and evacuated its expatriate workers after a violent protests by locals over jobs.
Ely Gold Reports 'Significant Progress' in Battle Mountain Project
Vancouver-based Ely Gold & Minerals said Monday it has achieved significant progress in boosting production from its Mt. Hamilton gold-silver project located at the southern end of Nevada's prolific Battle Mountain gold trend.
Gold Falls as Safe-Haven Investors Opt for Dollars
Gold prices fell Monday as investors looking to diversify their safe-haven investments moved heavily into the U.S. dollar and out of precious metals.
Chavez Formalizes Nationalization of Venezuela's Gold Industry
President Hugo Chavez's government formalized the nationalization of Venezuela's gold industry on Monday with a decree that prohibits exports of the metal and gives the state 55 percent of joint ventures.
Anonymous Short Seller Makes More Accusations against Silvercorp
A group of short-sellers, who earlier this month accused miner Silvercorp Metals of fraud, outlined new allegations against the company on Monday.
Newmont Shares Jump on Dividend News
Newmont Mining Corp., which initially announced a link between its dividend and the price of gold, said Monday its annual dividend could rise to $4.70 if gold hits $2,500.
