Gold Plunges on Global Effort to Save Europe's Banks
Gold and silver fell hard Thursday after five major central banks announced a coordinated plan to inject U.S. dollars into European banks straining under the load of the continent's sovereign debt crisis.
Yet More Signals of Flexibility from Zimbabwe on Mining
Zimbabwe again hinted it might show flexibility in its stance towards foreign mining companies, with a government official saying a law forcing them to surrender 51 percent stakes to local people was an aspiration, not a hard target.
Gold Could Bust through $2,000 by Year's End: Analysis
Gold could rally through $2,000 an ounce by year's end, according to a Thomson Reuters GFMS report released Thursday.
B2Gold Reports More Gold at One of its Nicaraguan Mines
Canada's B2Gold Corp said high-grade gold zone at Jabali in its La Libertad property has increased and it has started environmental studies and metallurgical test work.
Silvercorp Shares Rise as it Battles Accusers
Embattled miner Silvercorp Metals Inc., caught in a maelstrom of anonymous fraud allegations, said on Thursday it's pushing ahead with a share repurchase plan.
Weekly Jobless Claims, Manufacturing Figures Show Weakening U.S. Economy
Claims for unemployment benefits last week rose more than expected, hitting their highest level in more than two months. In addition, manufacturing in a key northeastern region fell more quickly than expected, developments that may pressure the Federal Reserve to try to stimulate business activity.
Impala Platinum Says Threat of Losing License Fading
Impala Platinum, the world's second-largest producer of the precious metal, said on Thursday a Zimbabwe government threat to remove the licence of its unit in the country Zimplats' had fallen away.
Gold Prices Fall on Hopes Greece May Remain in Eurozone
Gold prices fell Thursday around the world as investor fears of a Euro zone collapse gave way to hope that coordinated intervention by global monetary authorities could contain and even cure the continent's sovereign debt crisis.
Gold Off As Politicians Vow to Keep Greece in Euro Zone
Gold prices slipped below $1,800 an ounce on Thursday as stock markets extended gains, with assurances from Germany and France about keeping Greece in the euro bloc boosting appetite for assets seen as higher risk at the precious metal's expense.
Alamos Gold Hikes Dividend by 40 Percent
Alamos Gold raised its half yearly dividend by 40 percent, the third increase since its first payout in 2010 amid skyrocketing gold prices.
FCF Minerals Eyes 2012 Start for Runruno Project in Philippines
Australian miner Metals Exploration's subsidiary FCF Minerals said on Thursday its $150 million Runruno gold and molybdenum project in the Philippines may start production in the second half of 2012.
Part of a Coeur d'Alene Mine in Alaska Remains Shut after Fatal Accident
A portion of Coeur d'Alene's Kensington gold mine in Alaska has been shut in the aftermath of a fatal underground accident last week, a spokeswoman for the U.S. Mine Safety and Health Administration said.
Freeport McMoRan's Grasberg Operations Come to Halt
Production and shipments ground to a halt at Freeport McMoRan's Grasberg copper mine in Indonesia after thousands of workers began a month-long strike on Thursday, stoking fears of a global shortage following similar action at a major Peruvian mine.
Sagittarius Mines Hopes Philippines Will Lift Restrictions on Gold Mining
Shareholders of the $5.9 billion Tampakan gold and copper mine in the southern Philippines remain committed to undertaking the project despite strong local opposition, an official of Sagittarius Mines Inc. said on Thursday.
Heidi Jones, TV Weather Girl, Admits to Lying about Assaults
Heidi Jones, a TV meteorologist for several New York and Texas stations who also worked on ABC's Good Morning America, has admitted that police reports she filed last year about being repeatedly attacked in New York City by a man were lies.
Gold Down After Day of Pro Eurozone Developments
Gold prices settled moderately lower Wednesday after a string of European developments during the trading session boosted investor hope that the continent's sovereign debt crisis is finally getting the attention it requires.
Colombian Gold Mine Accident Kills Seven
A gold mine collapsed on Wednesday in a remote Colombian jungle, killing seven workers and adding to the troubles of the country's mining sector.
Gold Price Extends Losses after Italian Lawmakers OK Austerity Plan
Gold extended its losses Wednesday after Italian lawmakers approved a major austerity program, the latest in a string of signs that Europe's debt crises may be finally getting the attention they deserve.
Rio Alto Mining Reports Gold Production in Peru
Rio Alto Mining Ltd. said Wednesday that first-quarter pre-production at its La Arena gold oxide mine in Peru was 9,385 ounces of gold.
Silvercorp Shares Extend Losses
Shares of China-focused Silvercorp Metals slipped again on Wednesday, a day after more short-sellers publicized a string of allegations against the company.
Gold Down As European Leaders Take Action on Debt Crisis
Gold fell by nearly 1 percent on Tuesday after European leaders appeared to take a fresh step toward quelling the euro zone debt crisis, which dented other safe-haven assets, in spite of more data highlighting the fragility of the U.S. economy.
Peruvian Mining Company Workers Launch Strike
Workers at Peru's Cerro Verde mine, which accounts for about 2 percent of global copper output, started an indefinite strike for better pay and benefits on Wednesday, a union leader said.
Gold Prices Fall as Stocks Rise on Fresh Hope for Europe
Gold prices fell Wednesday as stock markets in Europe posted gains from European Commission plans to push euro zone bonds and China's premier expressed support for struggling European countries.
Timmins Gold Reports Higher Profit
Canadian miner Timmins Gold Corp reported a first-quarter profit helped by a rise in gold sales and higher gold prices.
Zimbabwe Officials Seek to Assure Mining Companies
Zimbabwe has no intention to cancel the mining licenses of foreign mining groups and will continue talks with some miners over a law requiring them to give Zimbabweans a 51 percent stake in their local holdings, the country's mines minister said on Wednesday.
Investments in Mining Projects in Zimbabwe Soar
Mining projects worth $260 million were approved in the first half of 2011, over triple the same period last year, the president of the country's chamber of mines said on Wednesday.
Gold Retreats in European Trading
Gold eased on Tuesday, taking its cue from the decline on the stock market after a downgrade of the debt of two major French banks because of their holdings of Greek debt.
Spot Gold Reverses Gains as Equities Sag
Spot gold reversed early gains and lost half a percent on Wednesday following sagging equities, after rating agency Moody's downgraded two of France's top banks and fueled fears of a full-blown banking crisis in the euro zone.
More Bling for the Ring: $54,700 Gets You a Gold Mobile Phone
It doesn't do email, the internet, have a camera, games or GPS navigation, but a new mobile phone from Denmark is literally solid gold.
Indonesian Workers Give Deadline to Freeport McMoRan Copper & Gold
Freeport McMoRan Copper & Gold's Indonesia mine workers have given the company a deadline of midnight on Wednesday to come up with a fresh pay rise offer, or they will proceed with a month-long strike, union official Virgo Solossa told Reuters.
