Gold

Arc Exploration Limited (ASX:ARX), an Australian gold mining exploration company with presence in Indonesia, has had its gold permit for the Bima gold prospect temporarily suspended due to the controversial dead of two protesters on Christmas Eve, in the area covered by Arc’s exploration license.

Better consumer demand provided some support to help steady the yellow metal on Wednesday as the euro dropped.

CHINESE trader Guangdong Guangxin Holdings has signed an $89 million deal to boost its interests in Australian base metals by buying a quarter of the Mineral Hill copper and goldmine in NSW and a 15 per cent stake in mine owner KBL Mining.

With gold trading $40 higer, silver up nearly $2, crude oil rising $4.25 a barrel and mining shares on the move, today […]

The argument over whether it is better to hold mining shares or real assets has now been dramatized and animated.

MONTREAL, QUEBEC--(Marketwire - Jan. 3, 2012) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) ("Osisko" or the "Company") has been notified of an unsolicited "mini-tender" offer, made by TRC Capital Corporation ("TRC Capital") on December 23, 2011, to purchase up to 5,000,000, or approximately 1.297% of Osisko's common shares, at a price of CDN $9.55 per share. Osisko does not recommend or endorse this unsolicited offer.

Gold started the year right climbing above $1,600, and miners were cheered seeing the S&P/TSX Composite Index gaining over two percent.

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates.