Argonaut discovers four high-grade zones outside planned Magino pit

The country’s gold production fell for a ninth straight month in June as rising costs, aging infrastructure and accidents affect profit and output.

Rising costs, falling metals prices may eat into margins.

The project, majority owned by a unit of Sichuan Road & Bridge, is a group of four deposits on the outskirts of the capital Asmara.

Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.

Speculators in gold price futures are short 670 tonnes – the biggest bearish position in 25 years.

Sibanye-Stillwater will look for growth in the bullion sector once it has improved its debt levels and outlined a blueprint for improving safety at its gold operations.

Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.

Great Bear Resources today reported a significant new high-grade gold discovery in the Hinge Zone at its Dixie Project in the Red Lake District of Ontario.

Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up.