November 18, 2011

Australia’s Gryphon advances gold discovery in Burkina Faso

Active Australian gold explorer, Gryphon, today announced significant new drilling results at its Samavogo prospect. Gryphon Minerals Ltd (ASX: GRY indicated today that the latest drilling could enhance the already-established…

November 18, 2011

Silver attempts comeback after Thursday’s rout despite margin hike

Marketwatch reports China’s leading market for precious metals trading increased its silver margin requirements Friday to a fresh high amid heightened volatility in precious metals. The Shanghai Gold Exchange lifted…

November 18, 2011

First blast at AuRico’s 200,000 oz a year Young-Davidson

Aurico announced on Friday open pit pre-production development has commenced at its Young-Davidson project after the company completed the first open pit blast on Thursday. Commissioning of the Young-Davidson mine…

November 18, 2011

Shanghai Gold Exchange to raise silver forward margins

If silver forward contracts hit limit up or down on settlement on Friday, the Chinese exchange said it will lift daily trade limits on silver forward contracts to 15%. The…

November 18, 2011

Ghana: Taxes on mining companies to be hiked

Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament.

November 18, 2011

Stratex International Plc – Turkey Update

Stratex International plc ("Stratex‟ or "the Company‟), the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and East Africa, is pleased to report additional significant…

November 17, 2011

Investment demand to push silver to over $50/oz by late 2012

Silver prices were expected to exceed $50/oz by the end of 2012, Thomson Reuters GFMS reported in its interim silver market review on Thursday. Silver prices so far this year…

November 17, 2011

Gold slides as Europe ‘numbs’ traders to bullion fundamentals

Gold futures for December delivery dropped 3.2%  or $57 to $1,717.30 an ounce on the Comex division of the New York Mercantile Exchange by early afternoon on Thursday. Gold's weakness…

November 17, 2011

When is the right time to sell silver coins?

I have quite a few very old silver dollars, dimes, quarters, etc., that I've been told are worth much more than their face value. Should I hold on to them…

November 17, 2011

China tops Indian gold jewelry demand for first time

According to the World Gold Council’s Gold Demand Trends report for the third quarter 2011 released today, demand reached 1,053.9 tonnes, an increase of 6% compared to the same period…