Silver attracts buyers, gold price lifted out of historic net short positioning as large futures speculators cut overall bearish bets on commodities by 74%.
However, the company said it remains committed to having a presence in Greece and has budgeted $155 million in development spending at the Olympias project.
The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.