The founding members of Black Sabbath appeared in Los Angeles to make it official that their first album of new material since 1978 is coming next fall and that they're already gearing up for a tour, Billboard reported Friday. Legendary producer Rick Rubin, who's collaborated with the Beastie Boys and the Red Hot Chili Peppers, will be on hand to master the recordings.
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Toronto's main stock index was up more than 1 percent at midday on Friday as commodity prices rose on optimism that Italy would pass an austerity package that would calm fears about Europe's debt crisis.
Canadian gold miner IAMGold (IMG.TO: Quote) is on the look-out for acquisitions and while it is not itself up for sale, its chief executive said on Friday it does represent good value right now.
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Gold prices rode a roller-coaster this week, topping a peak midweek when the settled at $1,799.20 before plunging 2.2 percent over the next two days on fears Italy had lost control of its finances and was threatening the Eurozone's survival.
Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.
Claude Resources Inc. said Friday its third-quarter profit fell as a one-time loss on derivatives and lower production offset higher prices.
Osisko Mining reported a quarterly profit on Friday as production ramped up at its Canadian Malartic mine in Quebec and high gold prices boosted revenue.
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Crocodile Gold Corp reported a quarterly loss, hurt partly by higher costs, and lowered its production forecast for 2011.
Gold producer Centamin Egypt Ltd said it plans to set up a new parent company, to be redomiciled in Jersey, that it hopes will attract further international investor interest.
Canadian gold miner IAMGold is on the lookout for acquisitions and could put itself up for sale, its chief executive said on Friday, adding economic uncertainty could drive bullion above $2,000 per ounce.
Gold is returning to its traditional role as a safe-haven investment and starting to break its recent link with the stock market, UBS strategist Edel Tully said Friday.
Gold prices edged up Friday as a bump in sentiment about the Eurozone crisis encouraged a move into stocks and the continent's single currency.
Asian shares rebounded on Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Asian shares rebounded Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Gold prices fell Thursday, their third consecutive daily decline, as investors facing margin calls sold the yellow metal to raise cash.
Gold fell on Thursday, on track for its biggest one-day loss in two weeks, as fearsabout political turmoil in Italy and a deepening euro zone debt crisis prompted investors to raise cash by liquidating somepositions in the bullion market.
Record-high exports in September drove the U.S. trade deficit down to its smallest gap since December, extending a decline for the third straight month and down from a peak of $51.6 billion in June. Meanwhile, imports from China dropped slightly.
Gold has confounded market watchers by refusing to behave like a safe-haven and instead has tracked equities over the past few weeks, but the escalating European debt crisis could see bullion ditch its risk-asset mantle and return to record highs.
B2Gold Corp's third-quarter adjusted profit more than doubled, helped by higher production and strong prices.