South Sudan, the world's newest nation, has announced plans to enact a mining law by the end of October, pushing ahead exploration and expansion in the likely mineral rich, but unexplored country, helping it to diversify its economy away from oil.
The Afghanistan Ministry of Mines said Tuesday it opened its final bid for the Badakhshan gold deposit, located in the northeastern province of Badakhshan.
Gabriel Resources, advancing the Rosia Montana gold project in Romania, lost 12% of its market value Monday with more than 3 million shares changing hands – six times the usual volumes. Losses for the year now top 70%.
Stock in Goldgroup Mining lost 13% in value on Monday after the company announced it has deferred the evaluation of the EIA for its Caballo Blanco project in Mexico.
Michael Pento has become feverishly bullish on gold in the wake of Fed chairman Ben Bernanke's announcement of indefinite stimulus spending, predicting that the Fed's actions will propel gold to an "all time high."