Stronger gold drives Polymetal profit to record high

Proceeds of the offering, which is scheduled to close around April 7, will be used to repay debt.

According to the industry body, negative interest-rate policies (or NIRP) for some of the world’s key central banks could change the way investors think about risk, benefitting the yellow metal.

Project is expected to dramatically increase production and slash costs at the troubled mine.

The more than 2,000 people who gathered in Ulaanbaatar's Freedom Square claimed foreign companies have exploited Mongolia's mineral wealth, which accounts for 94% of the nation's exports.

Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.

Gold is up over 15% this year so far, but investors are skeptical about this year's gold rally, and that's a good thing.

"Around the world we see a slowdown in economic activity," he says, and is cautious about investments in equities, but bullish on mining.

The firm has not yet decided whether to inject more cash into Damang or suspend operations.

The funds will be used to advance the Relief Canyon gold project.