GOLD NEWS

Harmony Q2 earnings up on higher gold price

Monday , 08 Feb 2010
The gold miner says it is looking for growth opportunities but cautions that the rand price of gold is likely to be flat for the next 12 months

Thursday's drop in gold the biggest one-day loss since 2008

Friday , 05 Feb 2010
A wave of risk aversion helped to trigger massive technical selling of the yellow metal

Risk aversion keeps gold floating just above three-month lows

Friday , 05 Feb 2010
Fears around mounting risks posed by rising sovereign debt in Europe kept investors wary as trading thinned ahead of Chinese New Year

Gold Fields forecasts drop in Q3 output but Q2 EPS jumps

Thursday , 04 Feb 2010
The gold miner says attributable gold production stood at 900,000 ounces, slightly down from the previous 3 months

Newmont chief opens Boddington mine, believes gold could hit US$1,350/ounce this year

Wednesday , 03 Feb 2010
The president of global gold mining giant Newmont Mining Corporation warmed the hearts of Western Australians by officially opening the State's biggest ever gold mine and also pleased the gold bulls with a forecast on the precious metal's price.

Takeover battle for control of Dioro gold finally over

Wednesday , 03 Feb 2010
A 10 month long corporate battle for the mid-tier producer ended Wednesday when the company's independent directors recommended an offer from Avoca Resources

U.S. Mint silver, gold, platinum coin revenue hits $1.7bn record high in FY 2009

Wednesday , 03 Feb 2010
Despite the inability of the U.S. Mint to acquire sufficient blanks, both gold and silver bullion coins smashed sales records due to unprecedented investor demand in FY 2009.

Guyana's miners launch protest against tree-felling restrictions

Tuesday , 02 Feb 2010
The restrictions are part of a $250m carbon deal with Norway aimed at continuing the low carbon development strategy currently being pursued by the country's president

Pebble Project announces a significant increase in gold, copper and moly resources

Monday , 01 Feb 2010
The Pebble Partnership has announced a 12%, 14% and 16% increase, respectively, in contained copper, gold and molybdenum resources in what is already considered one of the largest gold projects in the Americas.

Gold, silver ETFs see major outflows in January

Monday , 01 Feb 2010
Analysts say sustained outflows from gold ETFs could occur if attitudes toward the yellow metal sour

Dubai retail gold volumes drop in January

Monday , 01 Feb 2010
Sales of the yellow metal fell during the month as consumers remained skeptical about recent price moves

Volta Resources says Burkina Faso gold mine will start producing in 2014

Monday , 01 Feb 2010
The group says it is planning to launch a pre-feasibility study at its Kiaka gold mine in the second half of this year

China consolidates as world No. 1 gold producer with new record production

Monday , 01 Feb 2010
The Chinese Gold Association reported the country is still the world's number one gold producer, setting a new record in 2009.

Avocet gold to divest non-core exploration licences

Friday , 29 Jan 2010
The gold producer said it ill divest some of its exploration licences in West Africa in exchange for a 5% stake in Avion Gold

Kinross passes 50m-ozs milestone in total gold reserves

Friday , 29 Jan 2010
Kinross reported a net gain of 5 million ounces in new gold reserves at year-end 2009, well offsetting the mining of 2.7 million ounces in 2009.

December quarter was kind to Newcrest

Thursday , 28 Jan 2010
The detailed December quarter report of Newcrest Mining provided several positives for Australia's dominant domestically-owned gold producer.

Desert gold miner benefits from Newmont sale

Thursday , 28 Jan 2010
A gold miner holding perhaps the most remote gold mine in Australia, has gained a major lift in resources through the purchase of the Groundrush gold project from Newmont Asia Pacific.

Gold price trend here to stay - Barrick Chair

Wednesday , 27 Jan 2010
Peter Munk, speaking in Davos says while there may be some short term volatility ahead, the trend is "here to stay"

Yamana approves $116m Ernesto/Pau-a-pique gold project construction in Brazil

Wednesday , 27 Jan 2010
While it's full speed ahead for the Ernesto/Pau-a-pique gold project in Brazil, Yamana Gold officials are delaying a construction decision on the Agua Rica project as its $2.1b capex undergoes more optimizing.

Conroy initiates scoping study on 1 million ounce plus Irish gold deposit

Tuesday , 26 Jan 2010
Ireland has a history of gold production, although much of it lost in the mists of time, but now Conroy Diamonds & Gold has initiated a scoping study on its Clontibret project where it has already outlined over 1 million ounces, and could have much more.

Gold, platinum ETFs to be launched on Japan's Osaka Exchange

Tuesday , 26 Jan 2010
Japan's Osaka Exchange is to list an ETF tracking gold futures contracts and an ETF tracking platinum futures contracts, both listed on TOCOM - The Tokyo Commodities Exchange

Grade down, 2Q gold output to fall at Harmony Gold

Tuesday , 26 Jan 2010
Falling grades at its South African mines means Harmony's December quarter gold production has been lower, but company remains confident on gold price strength.

New Gold reports record '09 gold production, predicts 2010 production increase

Tuesday , 26 Jan 2010
All three of New Gold's operating mines reported excellent gold production in 2009 with Mexico's Cerro San Pedro and Australia's Peak Mines also producing silver and copper above guidance.

Near 50% gold output increase expected by La Mancha in 2010

Monday , 25 Jan 2010
Emerging gold producer, La Mancha Resources, sees FY10 gold production at 120,000-140,000 ounces up from 2009 output of 94,750 ounces.

Top Russian gold miner sees earnings up 24%

Monday , 25 Jan 2010
Polyus Gold, Russia's No. 1 gold miner, sees 2009 EBITDA of $510-540 million, vs $436 million in 2008, gold production up 3.2%, sales up 11.7%