Mining World

Gold, little changed below US$1,000 an ounce in London Friday, may fall as lower oil prices curb demand for the metal as a hedge against accelerating consumer prices.

(more…)

Gold headed for a fifth weekly advance, the longest winning streak since November 2007, reported Bloomberg, as investors bought precious metals and other commodities on the expectation that an economic recovery will jumpstart inflation.

(more…)

Gold steadied on Friday as light buying emerged on dips toward $1 000 per ounce, after it declined $12 in the previous session from an 18-month high.

(more…)

Talking to Goldcorp CEO, Chuck Jeannes, at the Denver Gold Forum it is apparent that most of the principles set in place many years ago by former CEO, Rob McEwen, remain in place at this extremely successful Canadian-based gold miner, one of the largest in the world.

(more…)

There may be around 3,000 registered individual liquidators in South Africa, but somehow, a literal handful have a canny way of being appointed to the very biggest cases, where liquidator’s fees can run to R100m and more. Such is the recent case of Pamodzi Gold, where Enver Motala of SBT Trust, Alan Pellow of Westrust and Deon Botha of Corporate Liquidators were appointed as three of the provisional liquidators.

(more…)

Stocks of gold-mining companies have enjoyed solid gains as the metal breaches key resistance levels, but appreciation from here may be minimal.

(more…)

Nearby gold futures extended their record high above $1,000 an ounce Wednesday and the most-active contract pushed toward its own all-time peak, supported by continued U.S. dollar weakness and technical momentum.

(more…)

Gold rose above $1 000 on Friday as the precious metal continued to benefit from a weaker dollar amid growing risk appetite and inflation fears due to stronger oil prices.

(more…)

Gold cracked $1,000 an ounce this week. A concern about faster inflation and the dramatic stock-market decline that devastated 401(k)’s and individual retirement accounts begs the question: Is gold a good retirement savings vehicle?

(more…)

Barrick Gold said on Thursday that proceeds from its pending equity offering will total around $4 billion, making the stock sale the biggest in Canadian history, according to Thomson Reuters data.

(more…)

Gold futures dipped a touch but still hovered just below $1 000 on Monday in buying linked to a weaker dollar and fears about inflation.

The precious metal rallied last week amid prospects for falls in stock markets and worries about inflation, with central banks pumping money into their economies to help fight the global recession. Gold prices were largely unchanged, however, after the US Labor Department reported on Friday that closely watched nonfarm payrolls for August showed the smallest decline in a year.
(more…)

JSE- and ASX-listed gold resources company Gold One on Monday advised shareholders that headline loss a share would be between R0,40 and R0,41 a share for the interim period ending June.

(more…)