Gold Top Stories

Gold price bull Marc Faber booted from boards for racist remarks

But ex-Sprott, Ivanhoe, Novagold board member stands by comments: “If…

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the…

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La Mancha’s Hassaï gold mine’s Q2 production impacted by fire

La Mancha Resources reports that a fire partially damaged two electrowinning cells at its Hassaï mine, in Northeast Sudan, over the weekend. Although the site is continuing its normal mining and crushing activities, gold production will be partially impacted over the next few weeks until the two electrowinning cells have been replaced.

Rio Tinto happy with Australian project budgets

Rio Tinto is comfortable with the company's multibillion-dollar project budgets in Australia, where labour, input and services costs were all increasing, Chief Executive Tom Albanese said on Tuesday. "I'm comfortable that our budgets in Australia are being managed appropriately," Albanese said at a business lunch.

Zijin Mining planning $280m U.S. dollar-denominated bond issue

Zijin Mining Group Co Ltd said it plans a $280 million U.S. dollar-denominated bond issue, raising capital to acquire copper concentrate overseas for a smelter project of its unit. In a filing to the Hong Kong bourse on Tuesday, Zijin Mining said the bonds would have maturity of five years and a fixed interest rate of 4.25 percent per year during its term with interest payable semi-annually.

Australia shares seen climbing on Greek hopes

Australian stocks are set to open higher on Tuesday, following a firm finish on Wall Street, on growing optimism that Greece will avoid a debt default. Stock index futures rose 1.1 percent to 4,491.0, a 29.2-point premium to the underlying S&P/ASX 200 index . The benchmark fell 1 percent on Monday.

Investors don’t like Golden Minerals, ECU Silver merger

A merger between Quebec-based ECU Silver Mining and Golden Minerals of Chicago announced on Friday had investors scrambling for the exits on Monday with the two companies at one point trading down 3.9% and 7% respectively on a generally bad day for silver stocks. The combined company worth over $600m with extensive assets in South America will keep its headquarters in Golden, Colorado and the Golden Minerals name and will be headed by Golden CEO, Jeffrey Clevenger.

Motley Fool says gold mining stocks now in bargain basement

Investment site Motley Fool says gold stocks such as Newmont, Goldcorp and Freeport-McMoRan are trading as though gold has lost its luster entirely and slipped back below $1,250 per ounce and that this latest bout of weakness in the gold mining shares – occurring when quality producers are awash in record cash flow and cozy profit margins – has yielded valuations remarkably depressed.

Viking Minerals reports on pre-drilling and geological mapping details of QFP dyke and mineralization at its Nevada gold and copper property

Viking Minerals commenced the review of pre-drilling and geological mapping of its South Dolly Varden gold / copper claims in Elko County, Nevada. This mapping is to facilitate a resolution of the zones of mineralization outlined by the surface geochem and rock samples and the 3,000 foot delineated coincident Induced Polarization (IP) anomaly with the intersection of the diamond drill core holes.