Vancouver junior Auryn gets positive results from Peruvian copper-gold project

Weak gold prices to blame.

The world’s No. 3 gold producer, will cut about 40% of its management positions and it is cutting capital expenditure in 10 countries.

Growing concerns over the US Federal Reserve cutting back its stimulus program as soon as next month, triggered Wednesday a selloff in world shares and drove precious metals down.

New method combines minuscule diamonds, typically found in quantum computers, with gold fragments.

Ernst & Young's most recent Canadian Mining Eye report suggests large companies should consider the option of sharing asset ownership.

The gold pendulum is swinging fast these days: bullion down to $1,286 at 8:30 am ET.

Companies caught by surprise.

Record profit of A$28.3 million.

Producers lost 65%, juniors 28%.