India slashes import tax on gold, silver to tackle smuggling

The only step remaining to create a 400,000+ ounces-per-year gold miner in Western Australian is Canadian court approval.

India tops the global ranking with demand nearly 50 times that of its mined supply.

Hedge funds and other large speculators boosted their net-long position in gold.

Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule. 

The decision will hit artisanal miners of metals such as gold and tin hard, as they are the region's dominant producers.

The gold miners’ stocks have blasted higher to a powerful upside breakout this month.

Lion One Metals plummeted over 20% during the early hours of trading in Toronto to a 52-week low.

Zimbabwe’s largest gold producer is negotiating with potential partners to boost production at its Shamva mine.

The miner said higher metal prices boosted its earnings, while lower treatment charges and metal premiums weighed on the result.