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Poluys fill the vaults ahead of listing, Kinross takeout rumours swirl

In a trading update Monday Russia’s Polyus Gold International, owned by Mikhail Prokhorov, announced a 8% increase in gold production to just under 1.5 million ounces which boosted earnings 40%. Prokhorov, a Vladimir Putin rival in upcoming presidential elections, is also readying his firm for a London listing after which he says he wants to do a major deal.

Thanks a bullion Ben, you’ve given gold its best start since 1980

Bloomberg reports gold traders are upbeat about the prospects for the gold price for the fourth week in a row after the Fed's interest rate move gave gold the best start to a year since 1980. Gold has risen 10% since the start of the year, rebounding from the first quarterly decline in three years and scaling the $1,700 an ounce level for the first time since December 9.

Bernanke kicks gold over $1,700 bar

The US Federal Reserve on Wednesday pledged to hold interest rates at levels near zero until late 2014. The surprising announcement sent gold soaring in afternoon trade and the yellow metal scaled the $1,700 an ounce level for the first time since December 9 last year as investors – worried about cheap money flooding markets – turn to gold as a storer of wealth.

2012 continues to be good for gold

Comex gold and silver futures prices made strong gains in morning trade Monday, with the February gold contract powering to a six week high of $1,679.50 an ounce, up just shy of 1% by midday. Gold is now up over 5% for the year, but still well of the record high above $1,900 hit in September.

S&P500 here we come! Investors cheer US Gold and Minera Andes merger

Stock in both US Gold Corp and Minera Andes charged ahead more than 7% in morning trade on Friday after announcing that their respective shareholders voted in favour of a proposed business combination. The new entity, with projects in the US, Mexico and Argentina will be named McEwen Mining and headed by industry veteran Rob McEwen.
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Infographic: Who controls rare earth processing?

This graphic tracks refined output of rare earth magnets.