Gold Resources Produced 66,125 Ounces of Gold Equivalent in '11
Denver-based Gold Resource Corp. said Monday it produced about 66,125 ounces precious metal gold equivalent last year, of which about 19,900 ounces were produced in the fourth quarter.
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.
Platinum Outlook Cautious on Heels of Negative Euro Truck Market
The outlook on platinum prices is cautious, said UBS, due to a deteriorating European truck market fueled by the crisis in Europe. The precious metal is a key component in catalytic converters for heavy duty diesel vehicles, tying platinum's outlook to the continued production of cars and trucks.
Randgold Resources' Sees More Than 270,000 Ounces from Tongon in '12
Randgold Resources expects its Tongon gold mine in northern Ivory Coast to produce more than 270,000 ounces in 2012, after falling short of the 270,000 ounces target in 2011, chief executive Mark Bristow said on Friday.
More news
AngloGold Ashanti Theft Stopped by Tanzanian Police
Heavily armed robbers tried to steal a stack of gold bars from a plane at an airstrip near a mine in Tanzania owned by AngloGold Ashanti but were thwarted by the country's police.
India Gold Prices Dip; Jewellers Restock for Weddings
As India gold prices dipped backed by a strengthening rupee, jewellers restocked for the upcoming wedding season in the world's biggest consumer of the precious metal, dealers said.
Gold Prices Rise for Fourth Day
Gold rose around 1 percent on Wednesday, breaking ranks with the euro as renewed hedge fund and technical buying put the precious metal on track for its fourth straight day of gains.
Gold Could Go to $1,200 - Jim Rogers
The euro could rebound in the near-term despite the problems affecting continental Europe, as investors are overly bearish on the currency, investor Jim Rogers said on Tuesday.
Euro will Survive, Gold will Drop: Jim Rogers
The euro could rebound in the near-term despite the problems affecting continental Europe, as investors are overly bearish on the currency, investor Jim Rogers said on Tuesday.
Gold Mining Shares Gain in Last Trading Day of '11
Gold mining company shares rose on the last trading day of 2011, tracking gains in the precious metal itself and outperforming the broader equity markets.
Gold Under Pressure but Could Peak to $2,400 in 18-24 Months
February gold hit a fresh six-month low of $1,523.90 per ounce overnight. Gold has been under intense pressure since it closed at $1,741.80 per ounce Dec. 7.
Gold Down More Than 1% on Strong Dollar
Gold fell more than 1 percent in choppy trade on Wednesday, on track for its biggest one-day decline in two weeks, as a stronger dollar and risk-averse selling across the board also sent equities lower.
China Cracking Down on Unauthorized Gold Exchanges
Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday.
Technical Issues Delay Grasberg Workers Return
Striking workers at Freeport McMoRan Copper & Gold Inc's giant Indonesian mine delayed on Saturday until next week a plan to go back to work after a three-month strike because of technical issues, a union spokesman said.
Gold Going beneath $1,500 in Next 3 Months - Poll
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
Gold to Drop in Q1, so Forget Retesting Record High Soon: Reuters Poll
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later next year at the earliest, according to a Reuters poll of 20 hedge-fund managers, economists, and traders.
Gold Bullion Bulls Seek New Trading Range - Analysis
The second-biggest slump in gold prices since the financial crisis has rattled bullion bulls, as implied volatility in the gold options market is subdued, suggesting the bullion is seeking to find a new range.
Stocks and Euro Fall After Fed Rejects New Stimulus
Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
Gold Eyes EU Summit, Could Approach $2000
The European Union (EU) summit this Friday will consume market attention, as it will discuss steps to resolve the Eurozone debt crisis. Price sensitivity to headlines will persist, if not intensify, and make for jerky market moves.
Gold Gains Following Eurozone Optimism
Gold rebounded to a one-week high following the substitution of last week's selling pressures with expectations of a stronger effort by euro-zone leaders to stem the spread of the sovereign-debt crisis. Spot gold held steady
above $1,700 per ounce on Tuesday.
Amplats gives locals stake in Zimbabwe mine: radio
Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.
Anglo American Platinum Giving 10% of Zimbabwe Project to Locals
Anglo American Platinum, the world's top miner of the precious metal, will hand over a 10 percent stake in its Unki project in Zimbabwe to locals, the first step towards an empowerment law, state radio said on Wednesday.
Gold Prices May Reach $3,000 in 2-3 Years: Analyst
Some analysts think the crisis is a global crisis and not one emanating just from Eurozone.
S.Africa stocks higher, bill keeps investors nervous
Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.
South African Stocks Down on Weak Mining Results
Disappointing figures from South African firms such as Impala Platinum and investment bank Investec put a dampener on stock prices, dragging the blue-chip top-40 index nearly 1 percent lower on Thursday.
Ghana to hike taxes on mining companies: budget
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday.
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