This intersection increased the strike of the 77 vein 1,100 metres from historic workings.

According to i-80, the Cove deposit on the McCoy-Cove property represents one of North America's higher-grade gold deposits.

The Fed suggested last week that it would table the idea of tapering its asset purchases at the upcoming December meeting.

London's Hochschild says it will fight efforts by the Peru government to shut two silver mines on environmental grounds.

Mirtha Vasquez said four mines would not be allowed any extensions on their operational timelines.

The global gold mining industry is generally caught between a rock and a hard place, says Mark Bristow.

The mid-tier and junior gold miners in the sweet spot for stock-price upside potential just reported a solid-if-not-strong quarter.

"Jewellers have taken a pause. They are waiting for prices to correct," said a Mumbai-based bullion dealer with a private bank.