Top miners in Chile sign deal to help country’s small producers

The existence of 2,000-year-old gold mines was confirmed by an aerial survey done last week above the northwestern province of León, using laser technology.

Gold is up 6% since touching a four-year low on two weeks ago.

De Nederlandsche Bank secretly brought 120 tonnes of the European nation's gold reserves held by the Fed in New York back to Amsterdam.

The appointment of Chimed Saikhanbileg on Friday represented "business as usual" for the government, and could further drive away foreign investment.

Nevsun Resources faces rumours of $1 billion acquisition and civil suit on same day.

Declining ratio sets up rally for both precious metals.

The mine is expected to produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.

British fund manager Ben Davies says that gold prices’ most recent collapse is part of central bank efforts to discourage Swiss voters from supporting the gold initiative to be decided at referendum on November 30.

On November 30, the Swiss head to the polls on three separate initiatives, one of which is on backing their reserves with at least 20% gold.