Silver mining companies rose in aftermarket trading Tuesday even as the price of silver gave up gains achieved earlier in the day.
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 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 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.
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.
Netflix shares continued on the downward spiral Tuesday, down another 8.7 percent after Monday’s beating following CEO Reed Hastings' admission that the company had done a great job in confusing -- and alienating -- customers.
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.
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.
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.
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.
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 prices fell Monday as investors looking to diversify their safe-haven investments moved heavily into the U.S. dollar and out of precious metals.
A group of short-sellers, who earlier this month accused miner Silvercorp Metals of fraud, outlined new allegations against the company on Monday.
With gold and silver prices down Monday and the bulk of safe-haven investors opting for U.S. Treasuries instead of precious metals, shares of companies that mine for gold and silver were nearly all down along with the broader stock market.
Rui Feng, the chief executive of embattled miner Silvercorp , has boosted his stake in the company further, according to regulatory filings that indicate his vote of confidence in his own firm.
The London Bullion Market Association is working out ways for refiners on its Good Delivery List to avoid falling foul of new regulations against conflict gold as a number one priority, LBMA chairman David Gornall told Reuters on Sunday.
The London Bullion Market Association is working out ways for refiners on its Good Delivery List to avoid falling foul of new regulations against conflict gold as a number one priority, LBMA chairman David Gornall told Reuters on Sunday.
Fine art, jewelry and Hollywood memorabilia owned by Tony Curtis -- including the yachtsman jacket he wore in Some Like It Hot -- brought in over $1 million on the auction block on Saturday, more than twice the presale estimates.
Gold rallied 1 percent on Friday in volatile trade, as the safe-haven bid for precious metals returned when a survey showed U.S. consumers gloomy about the economic outlook.
A drive by Peru's leftist president to raise mining royalties should not derail multibillion-dollar investments, industry executives said, but they added that the final law must reflect the spirit of negotiations with companies.
Gold and other precious metals jumped Friday on bargain hunting and a loss of faith that global central bankers will be able to contain Europe's sovereign debt crisis to Greece.
Yahoo shares rose more than 2 percent Friday amid speculation that it has been approached by private equity buyers that like tech investments -- including Silver Lake Partners and Providence Equity Partners.
