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From paper reserves to gold reserves

Friday , 24 May 2013
GoldMoney's contributing author Gabriel Mueller looks at the possible consequences should central banks around the world start to divert their foreign currency reserves into gold.

Gold Fields reviews Kyrgyz mine attacked by horsemen

Friday , 24 May 2013
The South African gold company says it is reviewing its Talas copper-gold project that was attacked by armed horsemen in 2011.

Norton may seize on gold’s slump to make acquisitions

Friday , 24 May 2013
“We have not set up a time frame for when we need to get one done, but our strategy is to keep looking,” says CEO Dianmin Chen.

3 men charged in HK mercantile exchange probe

Friday , 24 May 2013
The 3 men were charged on Friday with possessing false documents in connection with a probe into the shuttered Hong Kong Mercantile Exchange.

Goldcorp to renegotiate Peñasquito land after losing appeal

Friday , 24 May 2013
An agrarian district court in Zacatecas voided Goldcorp’s temporary lease of the land within its Peñasquito mine and ordered the territory be returned to the farmers.

Markets capricious as gold fights battle below $1400

Thursday , 23 May 2013
The gold price consolidation is becoming a fierce battle below $1400 with New York and London and Asia pulling in different directions.

Barrick Gold weighs ‘less is more’ approach

Thursday , 23 May 2013
“Being more profitable is better than being bigger,” said CEO Jamie Sokalsky yesterday at the Bloomberg Canada Economic Summit in Toronto.

Newcrest exploration license declared void by NSW court

Thursday , 23 May 2013
Newcrest has held the exploration license over the land near its Cadia Valley gold operations, southwest of Orange in Australia, since 1991.

Sentient acquires further stake in Samco Gold

Wednesday , 22 May 2013
Some funds are taking advantage of low share prices to buy into promising exploration juniors – the latest being the Sentient Group which has just increased its stake in Samco Gold.

China demand drives Asian gold bar premiums to record highs

Wednesday , 22 May 2013
Gold is seeing some renewed demand in China after falling on Tuesday for the eighth time in nine sessions.

Buenaventura sees output up; has hopes for Conga mine

Wednesday , 22 May 2013
The Peruvian miner sees a rise in output in 2013 and says the stalled $4.8 billion Conga gold project could be built at the end of the year.

AngloGold Ashanti appoints new CFO

Wednesday , 22 May 2013
Richard Duffy will take over from Srinivasan Venkatakrishnan following his recent appointment as AngloGold’s Chief Executive Officer.

India's perilous gold stock situation and $40 premiums

Tuesday , 21 May 2013
Refusing to pay heed to the ongoing retailer supply shortage, the Indian government is determined to counter the country’s vast gold imports with a fresh wave of curbs.

Platinum buying quickens as gold allure diminishes

Tuesday , 21 May 2013
Strengthening investor demand for PGMs reflects a second year of shortages that are outweighing concerns about slowing economic growth.

Freeport Grasberg death toll now 21 – expected to rise further

Tuesday , 21 May 2013
The Grasberg copper/gold mine tunnel collapse has now claimed the lives of 21 workers, and little hope remains for the seven employees still trapped underground.

Spot Gold USD/oz	1,386.20	-0.10%
Spot Silver USD/oz	22.36	-0.60%
Spot Platinum USD/oz	1,447.50	-0.69%
Spot Palladium USD/oz	724.00	-1.50%
LME Copper USD/t	7,240	-0.63%
LME Aluminium USD/t	1,815	-0.60%
LME Nickel USD/t	14,755	+0.00%
LME Lead USD/t	2,056	+1.53%