Eldorado Gold swings to profit in Q1

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.

Gold price up 1% with with eurozone in turmoil and Italian prime minister stepping down.

Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.

Just this week, bullion was sold in China at about $24 an ounce above the international price.

The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.

The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling.

The junior miner claims the mining authority did not process its exploration application in accordance with the country’s mining code.