Investment expert James Turk says a massive short squeeze on gold and silver is approaching which will serve to push prices for both the precious metals higher due to panic buying.
U.S. authorities announced yesterday the seizure of more than $31 million supposedly connected to an international money-laundering scheme run by the owners of two gold mines in Peru.
Canadian gold miner Osisko (TSX:OSK)(EWX.F) achieved record third-quarter gold production at 103,753 oz. from its Malartic mine, in Quebec – a quarter-on-quarter increase of 12.77%.
Striking gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers (NUM) said on Thursday, confirming mining companies’ fears of labour unrest lasting longer than expected.
A more standardized, "all-in" cost figure has been proposed, to include operating costs, sustaining capital expenditures, and general and administrative costs.
AuRico Gold shot up 21% on Wednesday on massive volumes, after announcing it has offloaded a mine and two exploration projects and sold half of a development in Mexico to a local company.
Canadian Centerra Gold (TSX:CG) said Tuesday an independent assessment of a Kyrgyz Republic Parliamentary report backs the company’s view that the report’s allegations against its Kumtor gold mine are unfounded.