Silver Scott Mines to Gauge Mexican Prospects
Silver Scott Mines Inc. said Friday it signed a four-year earn-in deal with Pediment Gold Corp. to explore prospects in the Mexican state of Baja California Sur.
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 Demand Rises for Indian Wedding Season
Gold demand in India rose on Friday, after prices fell 3 percent in the past two days, luring jewellers who began restocking and preparing for the wedding season beginning mid-January, dealers said.
Jerritt Canyon Set for Output Hike in '12
Yukon-Nevada Gold Corp. expects increased production from its Jerritt Canyon project next year, the Vancouver-based company said Friday.
Gold Prices Rebound on Bargain Hunting
Gold prices began the final trading day of 2011 higher as bargain hunters took advantage of a recent downdraft that has left the metal with its first fourth-quarter loss in more than three years.
Gold Drops, Euro Banks' Need for Cash Sparks Selling
Gold prices fell on Thursday to their lowest level in nearly six months as tight liquidity in the euro zone forced investors to sell the metal, but strong U.S. economic data prompted a stock rally on Wall Street.
Gold Price Gains of 2011 Evaporating
Gold prices Thursday tumbled to levels not seen since last summer, slashing what just weeks ago had been a gain of more than 20 percent this year to less than 10 percent.
Gold Price Drop Sparks More Indian Buying
Gold demand in India marginally improved on Thursday after prices fell to their lowest level in more than two months, but many buyers in the world's biggest importer were on the sidelines hoping for a steeper fall soon, dealers said.
U.S. Mint Has Enough American Eagle Bullion Coins to Meet Demand
The United States Mint said it has enough American Eagle gold and silver bullion coins to meet demand and does not expect to allocate them in early 2012.
Gold Plunges 1.7% as Eurozone Worries Stress Investors
Gold prices plunged 1.7 percent Thursday on a strengthening dollar, which was rising ahead of a crucial auction of Italian bonds and fresh worries about Eurozone banks.
Gold Falls 2% on Dollar Strength, Stop-Loss Selling
Gold fell 2 percent to a three-month low on Wednesday, hit by a dollar rally against the euro, a technical sell-off and losses in U.S. equity and commodity markets.
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.
Grasberg Strike Puts Pressure on Local Firm
Pressure built on an Indonesian firm on Wednesday to resolve a local dispute with workers at a Freeport McMoran Copper & Gold Inc. mine that has prompted the union to halt a return to work after a three-month strike.
New Guinea Gold Halts Papua New Guinea Work
New Guinea Gold Corp. said it had to temporarily halt operations at a project in Papua New Guinea after representatives of landowner associations occupied the mine site.
Gold Outlook: How it Will Fare in 2012
The consensus among investment bankers and many traders is that gold prices will continue to climb in 2012.
Crocodile Gold Says Luxor Capital Offering to Buy Majority Stake
Crocodile Gold, which owns and operates mines in the northern territory of Australia, said an affiliate of Luxor Capital Group has offered to buy a majority stake in the Canadian miner for about C$121 million ($118.47 million).
Zimbabwe Mulls Platinum Export Ban, Hope is for Refineries
Zimbabwe is considering a ban on raw platinum exports in a bid to force miners to set up refineries in the country, but this move will not take place overnight, a government official said on Wednesday.
Gold Slips, May Fall Below $1,570
Gold fell on Wednesday, tracking industrial metals and equities lower, as concerns about global economic growth and Iran's threat to stop the flow of oil kept investors on the sidelines.
Gold, Gold Mining Shares Fall
Gold prices declined Tuesday as investors sold ahead of the expiration of January options contracts in one of the lightest trading weeks of the year.
Santa Fe Gold Gets Financing for Columbus Silver Deal
Santa Fe Gold Corp. said Tuesday it obtained financing for its purchase of Columbus Silver Corp., expanding its holdings near an operating mine and mill in southwestern New Mexico.
Gold, Silver Coin Dealers See Price Hikes Next Year
Dealers in gold and silver coins expect higher prices next year, according to a poll released Tuesday by the Professional Numismatists Guild.
Shanghai Construction Taking Stake in Eritrean Gold Miner
A subsidiary of Shanghai Construction Group Co. Ltd. will acquire gold mining assets in Eritrea, according to a company announcement.
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.
Precious Metals Drift, Palladium Down Most
Precious metals drifted lower Tuesday, with the biggest decline coming from palladium, which was down in early trading nearly 2 percent.
Gold in Review: How it Fared in 2011
Gold extended its record bull run in 2011 for an 11th year as confidence in the world's financial leaders and their stewardship of fiat currencies plummeted.
Magino Gold Project Estimated Resources Raised
Prodigy Gold Inc. raised the estimated resources of its open pit Magino gold project in northern Ontario to more than 2.6 million ounces.
Canada OKs Detour Lake Gold Mine
Canadian exploration and development company Detour Gold Corp said its Detour Lake gold project in northern Ontario has received a go-ahead from the federal government.
Royal Gold Buying into Tulsequah Chief Project
Denver-based Royal Gold Inc. agreed to pay $60 million for payable gold and silver produced from the Tulsequah Chief project, which is owned by Chieftain Metals Inc.
Nordic Mines to Trade as Midcap; Laiva Hitting Full Output
Sweden-based Nordic Mines AB will begin trading on the Stockholm Stock Exchange Mid Cap list on Jan. 2, just days after its Laiva gold mine in Finland reaches full production.
First Colombia Gold Expands in Western U.S.
First Colombia Gold Corp. said Thursday it agreed to buy a Lincoln County, Montana, gold prospect known as the Boulder Hill Project.
