Imports of gold from Hong Kong by the world’s second-largest economy reached an all-time high of 85.7 tonnes in October, a 50 per cent hike from a month ago and up by more than 40 times from a year ago, data from the Hong Kong government showed. It was the fourth consecutive month that China’s gold flows from Hong Kong reached new highs, accounting for more than one-quarter of overall global demand.Benoit Tessier
Maya Gold & Silver Inc. said Friday it will sell shares to help finance the purchase of the Zgounder silver mine in Morocco.
Proceeds from the sales also will be used on other projects in Morocco, the Montreal-based company said.
Shares of the company, whose main project is the Amizmiz gold venture in Morocco, fell 7.35 percent Friday.
