October 17, 2011

New Gold Agrees to acquire Silver Quest Resources Ltd. consolidates ownership of Blackwater project in British Columbia

New Gold Inc. ("New Gold") (TSX:NGD)(NYSE Amex:NGD) and Silver Quest Resources Ltd. ("Silver Quest") (TSX VENTURE:SQI) today jointly announce a binding letter agreement whereby New Gold will acquire, through a…

October 17, 2011

Zimbabwe’s PM critical of local ownership rules for mining companies

Speaking at an agricultural conference in Johannesburg on Monday, Zimbabwe's PM Morgan Tsvangirai described the country's controversial law requiring foreign mining companies to be majority-owned by local blacks as too…

October 17, 2011

China’s gold output rises 6% in Aug, peaks at 31.89 t

World's biggest gold producer, China, produced 31.89 tonnes of gold in August, which was a 6% increase from the previous month. SHANGHAI (Reuters) - China's gold output rose six percent…

October 16, 2011

Three miners shot dead at world’s biggest gold mine

Gunmen shot and killed three miners in the latest attack near the world’s largest gold mine in eastern Indonesia, officials said yesterday.

October 16, 2011

SilverCrest Mines says gold and silver production from Mexico mine rises

Canada’s SilverCrest Mines said gold and silver production rose for the third straight quarter at its flagship mine in Mexico.

October 16, 2011

Eldorado Gold set a quarterly gold production record in Q3

Eldorado Gold set a quarterly production record in the third quarter and is on track to achieve its full-year gold production target, the company said on Wednesday.

October 16, 2011

6 tips to know before selling gold

Know its content: Most businesses buying gold plan to melt it for scrap. That means they are interested only in its precious-metal content. Market prices are based on pure 24-carat…

October 16, 2011

India gold ETF demand likely to explode

Demand for gold exchange traded funds (ETF) in India is likely to "explode" as investors get accustomed to "click-and-park" mode of investing, shying away from sagging stock markets and as…

October 16, 2011

Hong Kong starts trading bullion in yuan to tap ‘triple demand’

Hong Kong’s Chinese Gold & Silver Exchange Society, a century-old bullion bourse, will start trading gold quoted in yuan today, boosting the city’s status as an offshore hub for the…

October 16, 2011

Gold traders most bullish since July after plunge

Speculators boosted their wagers on higher commodity prices for the first time in five weeks as increasing confidence that the global economy will avoid another recession spurred the biggest rally…