Gold One Aims to Double Gold Production
Australia-based gold mining company Gold One International Ltd., which operates in South Africa, said Wednesday it expects to meet its goal of doubling its gold production this fiscal year.
Gold Price Rises Despite Investors' Greater Risk Appetite
Global demand for gold lifted the price of the yellow metal Wednesday, countering a growing appetite for risk among U.S. investors, many of whom expect the Federal Reserve to come to the aid of the U.S. economy, perhaps as early as September.
Anglo Platinum Wage Offer Accepted by South African Miners
South Africa's National Union of Mineworkers said Wednesday it overwhelmingly accepted a wage offer from Anglo Platinum that boosts pay rates by as much as 10 percent.
Silvercorp Metals in Share Buyback
Silvercorp Metals Inc., a Vancouver-based mining company, said Wednesday it purchased 2,027,167 of its common shares at an average price of $8.112 (Canadian).
IAmGold Gets $34.2 Million for Mupane Gold Mine
Toronto-based IAmGold Corp. said Wednesday it received $34.2 million for the sale of its Mupane Gold Mine in Botswana to Galane Gold Ltd
Gold, Silver Prices Hover Near Previous Day's Closing Prices
Gold and silver prices Wednesday hovered near their previous day's closing prices as traders sorted through a mix of positive and negative economic news.
Spot Gold Price Falls in European Trading
Gold fell on Wednesday after a near 3 percent rally the day before sparked by Federal Reserve comments on possible measures to boost U.S. growth, and the bullion price is still set for its biggest monthly gain in nearly two years.
High Gold Price Spurs Private Individual Dealing
Gold's high price spurs private individuals to sell jewelry and other personal items made of the yellow metal.
Gold, Bonds Surge, Stocks Bounce up and down
Gold and bonds surged on Tuesday and U.S. stocks rebounded in choppy trade as a recovery in risk appetite among some investors was countered by bearish economic news.
ATF Chief Reassigned in Fast and Furious Scandal
The White House replaced the head of the Bureau of Alcohol, Tobacco, Firearms and Explosives and the U.S. Attorney for Arizona on Tuesday in the latest casualties over a botched gun-running investigation known as Operation Fast and Furious.
Gold Price up 2 Percent, Silver Jumps 2.1 Percent
Gold prices jumped 2 percent Tuesday and silver surged 2.1 percent as some investors opted for the safety of precious metals and Treasuries amid continued worries about Europe's sovereign debt crisis and weakness in the American economy.
Alien Life May be Discovered by Dramatically Improved Devices - Scientists
Alien life stands a far better chance of being discovered thanks to vastly improved scientific detection devices, say scientists meeting this week in Denver at an American Chemical Society conference.
Gold Holdings of Euro Zone Central Banks Down
Gold and gold receivables held by euro zone central banks fell by 4 million euros to 363.248 billion euros in the week ending Aug. 26, the European Central Bank said Tuesday.
Gold, Silver Prices Rising as U.S. Investors Flee Stocks
Silver and gold prices rose Tuesday, lifting share prices of companies that mine the precious metals and underscoring just how tentative the U.S. economy is.
Hathor Exploration Urges Shareholders to Ignore Cameco Takeover Bid
Canadian uranium miner Hathor Exploration Ltd. is urging its shareholders not to respond to an unsolicited takeover bid by Cameco Corp., a larger Canadian uranium producer that is offering to buy Hathor in an all-cash deal worth $531 million.
Shares of Gold-Mining Companies Rise in Premarket Trading
Shares of many large gold-mining companies rose Tuesday in premarket trading as the price of the yellow metal increased and stock market futures indicated a lower open.
Gold Rises in U.S. Trading, Following Europe and Asia
Gold rose in U.S. electronic trading early Tuesday, following similar jumps in European and Asian trading from stronger demand for physical gold and uncertainty about the Federal Reserve.
Peru and Gold, Copper Miners Mull Two-Tier Royalty Rates
Peru's government and miners are discussing the implementation of at least two different rate scales for a new royalty payment system
Asian Trading Lifts Gold As Bargain Hunters Go Shopping
Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains.
Physical Demand, Investor Uncertainty Lift Gold
Gold edged higher on Tuesday, following its worst weekly performance in two months last week, supported by improving physical demand and some investor uncertainty ahead of minutes from the U.S. Federal Reserve's recent policy meeting.
Northgate Minerals Shares Rocket up 27.94 Percent
Northgate Minerals Corp. shares rocket 24.94 percent Monday after investors learn it will be bought by AuRico Gold Inc. for $1.48 billion.
Dominion Aims to Have Nearly All Power Restored by Friday
Dominion Resources Inc., which generates 28,200 megawatts of electricity and operates 6,300 miles of electric transmission lines in the Midwest, Mid-Atlantic and New England, said Monday nearly all its customers who suffered Hurricane Irene-related outages will have power restored by the end of the day Friday.
Shares of Silver Mining Companies Rise with Broader Stock Market
Shares of large silver mining companies mostly rose Monday along with the broader stock market as investors ignored the falling price of the white metal on fresh optimism about the strength of the economy.
Gold Mining Company Stocks Fall with Price of Gold
Shares of large gold mining companies fell Monday, along with the price of the yellow metal, in a sentiment shift away from precious metals and other safe havens toward riskier assets like stocks.
Gold, Silver Prices Down as Optimism about Economy Rises
Gold and silver prices closed lower Monday as some precious metals investors took profit from recent gains and other investors decided fears of a double-dip recession were overblown and put their money in riskier assets like heavily discounted stocks.
Gold Prices, Treasuries Down as Stocks Climb
Gold prices dropped sharply in holiday-thinned trade on Monday, falling as much as 2.7 percent after Wall Street stocks opened higher, deflecting interest from the safe-haven metal.
Gold, Silver Slip into Negative Territory in U.S. Futures Trading
Profit-taking plus a renewed appetite for risk chipped away at gold's early gains Monday, sending the yellow metal slightly into negative territory.
Fortuna Silver Mines Seeks NYSE Listing
Fortuna Silver Mines Inc., which is traded on the Toronto Stock Exchange, has applied for a listing on the New York Stock Exchange, the Vancouver-based company said Monday.
Gold Rises in U.S. Trading on Expectations of More Fed Intervention
Gold rose 1.4 percent Monday in early U.S. trading as investors inclined toward the view that the decision of the top U.S. central banker to extend by a day a key September meeting might indicate an intent to intervene in the bond market, an action that is bullish for gold.
Indonesian Workers in Many Industries Becoming More Assertive Over Pay, Benefits
Recent strikes in Indonesia by gold miners, pilots and supermarket staff over pay signal that workers have started to push for a greater share of profits in a booming economy that has drawn foreign investors partly for its low labor costs.
