Anglo Asian Mining reduced its gold production in Azerbaijan by 15 percent year-on-year to 57,068 ounces in 2011 from 67,267 ounces in 2010, the company said on Tuesday.
Greece's private creditors pleaded Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.
Gold prices retreated Tuesday as the dollar rose in value, investors took profit from more than three weeks' of gains and talks between Greece and its debtors hit a snag.
Russian gold miner Polyus Gold, co-owned by Russian presidential hopeful Mikhail Prokhorov, could sell shares worth $1 billion as part of its planned premium stock-market listing in London, Bloomberg reported on Monday.
Gold rose 1 percent on Monday to a six-week high, boosted by technical buying and as the euro rallied ahead of the outcome of a euro zone meeting on Greek debt restructuring.
Canada-based Pan American Silver Corp. said Monday it will pay about $1.5 billion in a cash and stock to buy Minefinders Corp. Ltd., which owns a huge silver mine in northern Mexico, among other mining assets.
Canada's B2Gold Corp reported a rise in fourth-quarter gold production and the gold miner forecast a higher production for 2012.
Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
Gold prices rose Monday to a six-week high on widespread optimism that recent signs of global economic growth mark a sustainable pattern.
A modest gold rise was eclipsed by a 4 percent surge in silver on Friday, with investors optimistic about the technical picture and prospects for a Greek deal soon with private bondholders.
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.
European banks are preparing for a potential worsening of the region's sovereign and banking crisis, with many firms stockpiling cash and cutting back on loans to new clients as they seek to protect themselves against a possible seizing-up of financial markets.
Gold prices edged lower Friday as an increasingly stronger dollar made the metal more expensive for non-U.S. buyers and some investors decided to book profits on what is shaping up to be a robust start to the year.
Russian miner Norilsk Nickel is expecting to reduce production this year to adapt to a slight fall in global metals demand, its CEO said on Thursday, but does not see a slump into another global economic crisis.
Gold edged lower on Thursday as the euro's retreat from highs in the wake of U.S. economic data prompted some buyers to cash in gains in the precious metal after a three-day run higher took prices to their strongest since mid-December.
Yuzhuralzoloto, Russia's fourth-largest gold miner, has revived a plan to place up to 25 percent of its shares in London as early as this spring, Russian daily Kommersant said on Thursday, citing the firm's chairman and banking sources.
For Chinese shipping executive Ping Bo buying gold is the best way to protect his family's wealth and give his 10-year-old son a headstart into adulthood.
Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, with time to strike a deal and avoid a messy default running out rapidly.
Gold futures rose slightly on Wednesday, as increases in the price of the precious metal were spurred on by a weaker dollar but limited by profit-taking. On the New York Mercantile Exchange, Gold for February delivery, rose $4.30, or 0.3^*1, to $1,659.90 an ounce.
Miner Rio Tinto, which owns a 49 percent stake in Ivanhoe Mines, welcomed a decision by the owner of the massive Oyu Tolgoi copper mine to scrap a poison pill provision, and said it was now free to raise its holding.
Mexican precious metals miner Fresnillo beat its annual output target and said it expected stable silver production in 2012, as a boost from new mines offsets lower ore grades at its flagship operation.
Russian steelmaker Severstal's Nord Gold mining unit said it produced 204,000 gold equivalent ounces in the fourth quarter, up 14 percent on Q3.
A German sale of 3.44 billion euros of two-year bonds saw strong demand on Wednesday as concerns over Greece led investors to stock up on safe-haven debt, while Portuguese treasury bills benefited from ample liquidity in the financial system.
Gold struggled Wednesday to hold recent gains as growing concerns of an imminent Greek default offset hope that Chinese authorities will act to reverse the slowdown of the world's second-biggest economy.
India's bullion traders stayed away from placing fresh orders after a nearly 90 percent hike in gold import duty was announced earlier this week, while China's gold purchases slowed down ahead of the Lunar New Year holiday.
Gold prices could rise to $2,000 an ounce in 2012, according to the predictions of the latest Thomson Reuters GFMS survey and GFMS Ltd's CEO Philip Klapwijk.
The new price average for gold is expected at $1,640 per troy ounce by the end of the first half of 2012, according to Thompson Reuter's GFMS most recent report on the yellow metal.
Canada's North American Palladium Ltd said it would stop production at its Sleeping Giant gold mine in Quebec, resulting in the layoff of about 90 employees and a non-cash impairment charge on gold assets of about C$50 million.
Stocks were set to open higher on Tuesday as Chinese data fueled the belief the government may move to stimulate growth, overshadowing recent credit downgrades in Europe and a mixed bag of bank earnings.
Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
