Gold set for 2nd quarterly gain amid global tensions

Slump in production at Cerro Negro and Red Lake mines behind 153koz year on year drop in first quarter.

A couple of video games-lovers has put one of the only 10 such consoles that were sold out last year, up for auction on eBay.

Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

Gold price under pressure.

The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.

World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.

Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.