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Rock Burst Probe Keeps Lucky Friday Mine Shut

A rock burst this week at Hecla Mining Co.'s Luky Friday mine in Idaho that left seven miners injured was not related to two previous fatal accidents that occurred earlier this year in the mine, the mining company said Friday.

Swiss Franc, Gold Not Safe Havens - UBS

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The Swiss franc and investments in gold will no longer provide investors with safe harbor from market turmoil and the eurozone debt crisis, UBS AG's investment chief told the Swiss bank's client in a letter on Friday.
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Gold sculpture in a Chow Tai Fook store

World's Largest Jewelry Retailer Goes Public

For tycoon Cheng Yu-Tung, 86, listing his jewellery retailer Chow Tai Fook, the world's largest, on the Hong Kong Stock Exchange paves the way for his younger generation to strengthen its position in China's glittering market.
Gold

Gold Plunges to its Lowest Level Since September

Spot gold weakened further on Thursday after dropping 3.5 percent in the previous session, as investors remained nervous about the eurozone debt crisis amid the year-end rush to liquidate positions.
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Euro zone anxiety sparks selloff in risky assets

Stocks fell on Wednesday as weak commodity prices sparked a selloff in the energy and materials sectors and as a falling euro and high Italian bond yields kept Europe's debt crisis in focus.
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Alaska's Nixon Fork Mill, Mine Resume Operating

Fire River Gold Corp said it resumed operations at its Nixon Fork mine in Alaska on Tuesday night, three days after it suspended operations at the mine and mill as bad weather prevented fuel-carrying aircraft from landing at the site.
Gold bars in Hong Kong

Gold, Silver Prices Plunging in Massive Selloff

Gold and silver assets were plunging dramatically Wednesday, with prices for bullion falling below their 200-day moving average for the first time since 2009 and shares of precious metals miners dropping hard.
Molten platinum

Platinum Producer Lonmin, Miners Settle Strike

South Africa's trade union Solidarity said on Wednesday it has reached a two-year wage agreement with platinum miner Lonmin that will see its members get pay rises of up to 8 percent.
Grasberg mine

Freeport Indonesia, Strikers in 2-Year Wage Pact

Freeport McMoRan Copper & Gold Inc. and its Indonesian union signed a pay deal on Wednesday to end a three-month strike that had paralysed output at the world's second-biggest copper mine, a union official and the company said.
Gold jewelry

World's Biggest Jewellry Maker to Import More Gold

India's Rajesh Exports, the world's biggest jewellery maker, expects to raise gold imports 17 percent next year to power its renewed thrust in the competitive and fragmented local jewellery market as a cushion against a volatile export market, its chairman said on Wednesday.
The Bank of Italy building is seen downtown Milan

Italian yields ease after bond auction

Italian government bond yields eased on Wednesday after the country sold 3 billion euros of five-year debt in the first longer-term auction since the European Union took steps towards greater fiscal integration last week.
Gold bullion coins known as Krugerrands are pictured in the mint where they are manufactured in Midrand outside Johannesburg

Gold Falls for 3rd Day, Price Drop Since Wed 6%

Gold prices fell for a third consecutive day Wednesday -- extending a weeklong plunge to more than 6 percent -- after the U.S. central bank warned that slowing global growth threatens the nation's weak recovery.
Gold Bars

Gold Prices Fall to Two-Month Low

Gold prices slipped Tuesday, its seventh consecutive daily decline, to a two-month low as the dollar posted big gains in light trading.
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Fed sees risks from Europe

The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
San Juan Silver Project

Hecla Acquires 100% of Big Colorado Silver Project

Hecla Mining Co., the largest U.S. silver producer, acquired the remaining 30 percent interest in a prolific Colorado silver project that it did not already own, the Idaho-based company said Tuesday.
220 kg block of gold

Gold ETF Holdings Massive But Stable

The amount of gold held in exchange-traded products is near record highs and although the gold price is suffering from investors' desire for the safety of cash, the risk of this $116 billion stash of bullion being jettisoned is distant.
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Endeavour Silver Sees Guanajuato Reserve Increase

Canadian miner Endeavour Silver Corp said it has discovered two high-grade silver-gold zones at its Guanajuato mine in Mexico and expects a substantial increase in reserves and resources at the mine at the year-end.
Grasberg mine

End of Grasberg Strike Imminent - Report

Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.
Gold

Gold in Demand Due to Bullion Price Drop

A sharp drop in bullion prices prompted some buying interest on Asia's physical market, but many remained reluctant to purchase large quantities as the year end approaches and the eurozone debt crisis threatens to further sink prices.
Grasberg mine

Grasberg Union to Extend Strike to Jan. 15

An Indonesian workers' union plans to extend a three-month strike at Freeport McMoRan Copper & Gold's Grasberg mine until Jan. 15, union official Virgo Solossa told Reuters on Saturday.
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Indophil Resources Eyes Manilla Listing

Australia-listed Indophil Resources, which holds a 37.5 percent stake in Southeast Asia's largest undeveloped copper-gold prospect, said on Monday it was considering also listing its shares in the Philippines, where a key shareholder is based.

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