Drop attributed to higher gold price, end of gas-for-gold deal with Iran.
The company's Perama Hill project still needs approval to begin construction, while its larger Skouries project keeps facing opposition.
Import levels questioned as government faces political scandal over trade deal with Iran.
Iran's President Hassan Rouhani has a few reasons to smile.
Zonguldak – Turkey's coal capital – has a grim history of coal mining accidents.
Silver-rich zone identified returning grades of up to 383 g/t Ag + 1.5 g/t Au and 234 g/t Ag + 1.7 g/t Au.
“We are extremely pleased"
Turkish mining sector reform continues to bear certain fruits.
The Turkey-Iran gold-for-gas exchange can be considered dead as tighter US sanctions imposed on Tehran have already stopped Turkish Halkbank from processing other countries’ energy payments to the OPEC oil producer.
Oksut gold project went through the million-ounce mark in February last year.
The Vancouver-based miner posted its 2012 results Wednesday.
Turkish gold exports rose to $12.7bn in the first eleven months of 2012 compared to the $1.47bn exported in the whole of the previous year.
London-based explorer Stratex (LON:STI) got an early Christmas present this year, as Canadian Centerra Gold (TSX:CG) paid the junior and partner in the Turkey’s Oksut project a noteworthy $40 million for its 30% stake in the venture.
Turkey's deputy minister said on Thursday that Iran has evaded U.S. economic sanctions in the last six months by using Turkish payments for energy to import gold.
Bullion is an "international constant" and has "maintained its honor throughout history."
Silvermet Inc. (TSX-V: SYI) shares dropped 26% on Thursday after the Toronto-based company announced that operations have been halted due to a strike by unionized personnel at the Waelz kiln facility located in Iskenderun, Turkey.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 19, 2012) – Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX)(NYSE MKT:EMXX)(NYSE Amex:EMXX)(FRANKFURT:6E9) is pleased to announce mid-year exploration results from the Akarca gold-silver project in northwestern Turkey.
Stock is up 28% after reporting an indicated resource of 2.6 million gold equivalent ounces at 3.05 g/t and a tripling of the inferred resource.
Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.
Gold miners were caught in an ugly slide in the S&P/TSX Composite Index today, which shed 215 points in reaction to another poor economic report coming out of the US.
Strong gold price and a tax gain helped boost the gold miner's net income to $29.5m from $17.9m a year ago
Bloomberg reported that Eregli Demir & Celik Fabrikalari TAS, Turkey’s biggest flat steelmaker, will start USD 700 million investments to develop an iron ore plant by 2016.
While Alacer reports lacklustre production in the fourth quarter due to poor weather conditions in Turkey, it increases overall guidance for the year.
Canadian miner Eldorado Gold (TSX:ELD) (NYSE:EGO), which recently closed its acquisition of European Goldfields, expects its yearly gold production to touch 1.7 million ounces within five years as it brings new mines into production.
Resistance! The word is not in keeping with the relaxed atmosphere that a visitor expects in a pretty, seaside town, but we find it in the Yaykıl village of Gerze.
Today Energy minister Taner Yildiz said that South Korean companies were interested in establishing 5,000-6,000 MW coal-fired power plants in Turkey.
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