GOLD

Leper Pirates Scene Offends, Dropped from 'Pirates! Band of Misfits'

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The upcoming 3-D stop-motion animated film, The Pirates! Band of Misfits, is causing a slew of controversy for a joke about Leprosy was supposed to be an innocent joke. The production by Aardman Animation, directed by Peter Lord and voiced by Hugh Grant, has removed the gag from the film and issued an apology to the organization LEPRA Health in Action, an advocacy group dedicated to raising public awareness about the chronic illness, now properly referred to as Hansen's disease.
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gold and silver

Fortuna Silver's '11 Output Marks 31% Increase

Fortuna Silver Mines Inc., one of Latin America's fastest growing silver producers announced Thursday its silver production in the last year rose by 31 percent, the fifth consecutive year the company's production grew.
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First Uranium 3Q Gold Sales Down 5%

First Uranium's third-quarter gold sales dropped 5 percent and uranium production fell 14 percent from the prior quarter due to accidents at its Ezulwini mine in South Africa, and the miner cut its full-year gold production forecast.
Trader reacts at his desk in front of the DAX board at the Frankfurt stock exchange

European Shares Gain on Fed Promise of Low Interest Rates

European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it is ready to offer additional stimulus to boost economic growth.
Asian Stocks

Asian Markets Rise on Federal Reserve Rate Outlook

Equities, commodities and the euro extended gains Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth.
Indian gold jewelery

Gold Prices Jump 2% on Fed Promise of More Easy Money

Gold rallied 2 percent on Wednesday, rising above $1,700 an ounce for the first time since mid-December after the U.S. Federal Reserve said it will likely not raise rates for longer than previously expected due to a sluggish economic recovery.
Oyu Tolgoi Mine in Mongolia

Rio Tinto Becomes Majority Owner of Oyu Tolgoi

Global miner Rio Tinto has raised its stake in Canada's Ivanhoe Mines, owner of Mongolia's massive Oyu Tolgoi copper-gold project, to a majority holding but said on Tuesday it had no current plans to buy more shares.

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