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Latest Stories

Poluys fill the vaults ahead of listing, Kinross takeout rumours swirl

In a trading update Monday Russia’s Polyus Gold International, owned by Mikhail Prokhorov, announced a 8% increase in gold production to just under 1.5 million ounces which boosted earnings 40%. Prokhorov, a Vladimir Putin rival in upcoming presidential elections, is also readying his firm for a London listing after which he says he wants to do a major deal.

Endeavour Mining reports Q4 and full year 2011 gold production and 2012 guidance for production, development and exploration

Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it met 2011 production targets with Q4 gold production of 24,010 ounces from its Nzema operations in Ghana and 21,586 ounces from its Youga operations in Burkina Faso. Total annual production for 2011 was 177,290 ounces of gold at a cash cost per ounce of $614 (excluding royalties), comprised of 90,026 ounces from Nzema and 87,264 ounces from Youga

Thanks a bullion Ben, you’ve given gold its best start since 1980

Bloomberg reports gold traders are upbeat about the prospects for the gold price for the fourth week in a row after the Fed's interest rate move gave gold the best start to a year since 1980. Gold has risen 10% since the start of the year, rebounding from the first quarterly decline in three years and scaling the $1,700 an ounce level for the first time since December 9.