A correction to prices in India, the second largest gold consumer, failed to boost retail purchases this week.

The company acquired 1,005 new claims around its Imperial gold project.

Group of investors including the hedge fund founded by billionaire John Paulson say found that the median spending of senior gold producers is double that of mining companies that produce other metals.

The list of 10 countries that hold the most gold in their reserves has remained mostly unchanged over the last few years.

The best assays so far are 34.28 g/t gold over 8.4 metres and 12.30 g/t gold over 6.7 metres.

Coal and iron ore production surged while gold declined.