PJX Resources Inc., a gold exploration company, increased its land holdings 45 percent in a highly prospective area of British Columbia, Canada, the Toronto-based company said Tuesday.
India gold futures extended gains despite steady overseas markets, as prices tracked a weaker rupee, but physical buying was subdued by the high costs, dealers said.
Canadian federal regulators have ruled that Taseko Mines' revised Prosperity copper-gold project will be reviewed by a federal review panel.
Freeport McMoRan Copper & Gold Inc's union in Indonesia will consider almost halving its pay demand if the firm agrees an extra pay hike when workers are promoted, the union said on Tuesday, taking the near two-month strike a step towards resolution.
Joe Frazier, the relentless slugger who became the heavyweight champion of the world and earned boxing immortality with three epic battles against Muhammad Ali, died on Monday at age 67, his personal manager said.
Junior South African miner Village Main Reef has expressed interest in buying DRDGold's interest in its troubled Blyvoor mine for 150 million rand ($18.8 million), the two companies said on Tuesday.
The Canadian dollar ended slightly stronger against its U.S. counterpart on Monday as markets struggled to deal with fresh turmoil in Europe as fears heightened that Italy would be the next victim of the euro-zone debt crisis.
Gold prices Tuesday bumped around the previous day's closing price on profit-taking but safe-haven buying and favorable currency moves appeared set to lift the metal above $1,800 per ounce.
Gold prices hovered above $1,790 on Tuesday, after soaring more than 2 percent in the previous session, supported by safe haven demand as Italy took center stage in the euro zone debt crisis.
Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
Joseph William Frazier, the heavyweight boxing champion whose string of wins culminated in the Fight of the Century with Muhammad Ali in 1971, died late Monday. He was 67.
Asian shares rose Tuesday, but gains were capped by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
Joe Frazier, the relentless slugger who became the heavyweight champion of the world and earned boxing immortality with three epic battles against Muhammad Ali, died Monday at age 67, his personal manager said.
Italian government bond yields soared to near 15-year highs, putting the Eurozone's third largest economy front and center of the region's debt crisis, despite scrambling efforts by policymakers to stem the growing contagion.
Gold prices jumped two percent to hit their highest point in six weeks and regain, at least for now, its traditional role as a safe-haven investment.
Gold and silver mining company stocks got a boost Monday from the rising price of their metals and a global resurgence of safe-haven investing.
Coeur d'Alene Mines Ltd. swung to a profit in the third quarter as silver prices doubled and gold production increased, said the company, the largest U.S.-based silver producer.
South African stocks surged more than 2 percent on Monday, buoyed by a last-minute short covering on mixed news out of Europe, while gold miners such as Harmony Gold were lifted by stronger bullion.
Wesdome Gold Resources Ltd.'s third-quarter loss increased as challenging ground conditions and difficulties attracting skilled development miners cut gold production, the Toronto-based company said Monday.
Euro zone governments rushed to placate feverish bond markets on Monday as the 17-nation currency bloc's debt crisis threatened to accelerate out of control.
Yukon-Nevada Gold Corp. reduced its third-quarter loss on higher gold prices and increased gold production as well as a gain on warrants.
Germany Economy Minister Philipp Roesler said on Monday the country's gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds.
