Iamgold Corp., a Canadian gold producer, said Tuesday it paid $10 million for a 13.2 percent stake in Tolima Gold Corp., which holds interests in Colombia's most prolific gold belts.
The balance sheet of the Eurosystem of central banks hit a new high last week, while gold and gold receivables held by euro zone central banks remained unchanged at 419.822 billion euros in the week ending Dec. 2, European Central Bank data showed on Tuesday.
Chinese and Indian appetite for diamonds will fuel demand growth by more than 6 percent a year over the next decade and almost double the size of the market, far outpacing supply increases limited by a lack of new mines.
European stocks and the euro slid and most bond yields rose after the threat from rating agency Standard & Poor's to downgrade Eurozone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.
Gold prices fell Tuesday on a lack of Asian demand for bullion and investor discouragement that four consecutive daily efforts to push the price convincingly above the mid-$1,700s failed.
India gold futures fell back on Tuesday afternoon to their lowest level in a week, following overseas trends, where fears of a possible credit rating downgrade for eurozone nations by Standard & Poor's weighed.
The Toronto Stock Exchange, home to the largest number of mining companies globally, has seen capital raising in the sector remain resilient this year despite volatile markets, with a strong pipeline ahead, a senior executive said on Monday.
About 42 percent of employers plan to set higher annual performance targets for executives in 2012 compared to this year, according to a survey conducted by Pearl Meyer & Partners of 190 organizations including publicly traded and privately held companies, along with non-profits.
Twelve luxe essentials every man should have this all of the glamorous holiday fetes this season.
Ecuador's government and Kinross Gold Corp. reached an agreement in principle on terms of the Canadian company's plan to produce gold from the country's Fruta del Norte deposit.
The quarterback has been the subject of many opinions this season.
Shaun White, a two-time Olympic gold medalist, found himself amidst a nude photo scandal, as party photos from a few years ago were leaked on the Internet.
Gold prices fell Monday after European leaders and Italy's new head of state produced specific plans for containing their sovereign debt crisis.
Over the past few days, Lehman Brothers has announced several actions one might not expect from what is arguably the most notorious bankrupt company of the last decade. It is looking to name a new board of directors and is engaging in a bidding war for another company.
A well-timed insult can boost a publicity whore's profile -- but at what cost?
Former Chicago Cubs third basemen Ron Santo was finally elected into the Hall of Fame on Monday, but unfortunately the election came a year too late for the recently deceased baseball great.
Once Upon a Time ratings have been going down, but Sunday's episode provided a twist that just might give the series a boost.
India gold, which traded steady Monday, is likely to near the all-time high helped by safe haven buying, and silver is likely to follow suit, analysts said.
Dozens of adult stem cell treatments are moving through clinical trials and showing early success, raising hopes that some could reach the market within five years.
Mona Lisa's smile may not be the only enigmatic element to the iconic Leonardo da Vinci portrait.
Peruvian President Ollanta Humala declared a state of emergency late on Sunday to quell protests against Newmont Mining's $4.8 billion Conga gold mine project that have hobbled the region of Cajamarca for 11 days.
Production at Gold Fields Ltd.'s Cerro Corona gold mine in Peru has not been affected by a nearby protest against another large mining venture, the South African company said Monday.
