Canadian miner Timmins Gold Corp reported a first-quarter profit helped by a rise in gold sales and higher gold prices.
Mining projects worth $260 million were approved in the first half of 2011, over triple the same period last year, the president of the country's chamber of mines said on Wednesday.
Gold eased on Tuesday, taking its cue from the decline on the stock market after a downgrade of the debt of two major French banks because of their holdings of Greek debt.
Spot gold reversed early gains and lost half a percent on Wednesday following sagging equities, after rating agency Moody's downgraded two of France's top banks and fueled fears of a full-blown banking crisis in the euro zone.
The number of people living in poverty last year has increased to 46.2 million as per a report by the U.S government which is the highest in the last 50 years.
It doesn't do email, the internet, have a camera, games or GPS navigation, but a new mobile phone from Denmark is literally solid gold.
Freeport McMoRan Copper & Gold's Indonesia mine workers have given the company a deadline of midnight on Wednesday to come up with a fresh pay rise offer, or they will proceed with a month-long strike, union official Virgo Solossa told Reuters.
Peru's government has approved three new mining royalty or tax schemes to fund anti-poverty initiatives and infrastructure projects, Finance Minister Luis Castilla said.
The hysteria over Apple’s most anticipated iPhone 5 seems to have reached a crescendo as more rumors have leaked, suggesting the phone will hit shelves next month.
Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.
Silver prices fell in electronic trading Tuesday afternoon following a big 2.4 percent gain during floor trading as the possibility that Europe's industrial activity will plunge took some shine off the white metal.
Gold prices rose Tuesday on global concern about the future of the euro zone, the continent's currency and the fragile state of worldwide economic growth.
Shareholders of U.S.-based Century Mining Corp. approved an all-stock takeover by Canada-based White Tiger Gold Ltd, Century said Tuesday.
Shares of Paramount Gold and Silver Corp. jumped Tuesday after the Nevada-based precious metals miner announced the confirmation of a multi-million ounce resource.
Denver-based Royal Gold Inc., which holds royalty interests in precious metals mines, won the No. 1 ranking by Zacks as a momentum stock.
Toronto's main stock index pushed higher on Tuesday morning, following a steep sell-off in the previous session, as U.S. oil prices rose and Wall Street rallied on strength in the banking sector.
Guinea is launching a comprehensive review of mining contracts to root out 'unconscionable provisions' granted by previous administrations in the West African state, Mines Minister Mohamed Lamine Fofana told Reuters.
It seems like there could be some credibility to the rumors of an iPhone 5 release date in October as it is has been reported that the iOS 5 beta 8 will be released this Friday.
Gold and gold receivables held by euro zone central banks rose by 1 million euros to 363.249 billion euros in the week ending Sept. 9, the European Central Bank said on Tuesday.
Gold rose Tuesday as the U.S. dollar weakened against the euro and other key currencies while bargain hunters moved in following two session in which the yellow lost value.
The Apple iPhone 5 release date is inching closer as more rumors have leaked out suggesting that an early October release was likely.
South Africa's National Union of Mineworkers (NUM) said on Tuesday it had declared a wage dispute with DRDGold , the nation's fourth largest gold producer.
