March 13, 2012

Some central banks are showing increasing concerns about their gold holdings

For more than 20 years, most central banks diversified out of gold into currencies, especially the US dollar as well as US Treasuries.

March 13, 2012

Bayfield Drills 13.94 g/t Au Over 3.0m Within 3.46 g/t Au Over 19.5m in Eastern Zone at Burns Block in Rainy River District, NW Ontario

Bayfield Ventures Corp. (TSX VENTURE:BYV) (OTCBB:BYVVF) (the "Company") is pleased to announce additional assays from the exploration of the eastern portion of the Burns Block.

March 13, 2012

Globex: NSGOLD to Update Resource Estimate at Mooseland Gold Property

GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to provide shareholders with the most recent results from the 2011 drill program by NSGold Corporation on Globex's Mooseland royalty property in Nova…

March 13, 2012

Carlisle’s Updated Resource on the MacLellan Mine Project Triples Measured and Indicated Resources to 2.02 Million Gold Equivalent Ounces

Carlisle Goldfields Limited (TSX:CGJ) (the "Company" or "Carlisle") announces that an updated mineral resource estimate has been calculated for the Company's 100% owned MacLellan Mine Project near Lynn Lake in…

March 13, 2012

Chile’s Antofagasta shares dive despite record profit in 2011

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down 3.1% this morning after the company disappointed market hopes for a whopping special dividend and announced instead a cut on dividends…

March 13, 2012

ABB wins $100 million power orders to boost production at Rio Tinto mines in Australia

ABB, the leading power and automation technology group, has won orders worth around $100 million from Rio Tinto for 17 distribution substations to support increased production at iron ore mines…

March 13, 2012

Paramount Gold and Silver Expands La Union High-Grade Gold Discovery at Its San Miguel Project in Mexico

Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported more outstanding assay results which significantly expand the size of its new high-grade gold discovery south of the La Union…

March 13, 2012

South African gold production continues to plunge

Once the world's biggest gold producer by a huge margin, South Africa's gold production is continuing to dive with an 11.3% fall year on year in January, following an 8.2%…

March 13, 2012

Agnico-Eagle in class-action crosshairs for $250m

London, Ontario-based Siskinds LLP has filed a proposed class action suit against TSX-listed Agnico-Eagle Mines seeking $250-million, alleging the company and certain senior officers failed to disclose information that led…

March 13, 2012

China gives miners another scare as $58 billion monthly swing hands it largest trade deficit in 12 years

MarketWatch quotes  Nomura economist Zhiwei Zhang as saying:  "Overall, economic conditions are getting weaker at a fast pace. The slowdown is happening faster than the government expected."