January 6, 2012

Gold Falls in New York as Dollar’s Strength Trims Metal Appeal

Gold fell from a two-week high on speculation that a stronger dollar will curb demand for the metal as an alternative asset.

January 6, 2012

Kansanshi back in business, First Quantum confirms

First Quantum on Friday confirmed it restarted operations at its Kansanshi copper mine in Zambia, after a strike curbed output for two days this week.

January 6, 2012

Canasia to Acquire Aluminous Clay / Rare Earth Prospect in Gaspe Bay Region of Quebec

Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINKSHEETS:CANSF)(FRANKFURT:45C) is please to announce that it has entered into an option agreement to acquire approximately 5,500 contiguous acres prospective for Aluminous…

January 6, 2012

Silvercrest estimates 100m silver-equivalent ounces at La Joya

It is the first resource estimate for La Joya by Silvercrest Mines and it puts contained metal at 51 million ounces silver, 333,400 ounces gold, 270 million pounds copper.

January 6, 2012

Philippines shutting down hundreds of mines due to major landslide

The Philippine government on Friday ordered the shutdown of 500 small mines threatened by landslides in a southern town where a chunk of a mountain tumbled down on sleeping residents…

January 6, 2012

Are investors getting physical with gold and silver?

The final months of 2011 were unkind to gold and silver.

January 6, 2012

Newmont trying hard to divert protestors’ attention in Peru by stressing Conga copper-gold mine community benefits

As protests against the $4.8 billion Conga project in Peru resumed this week, Newmont Mining Corporation (NYSE: NEM) has put together a strategic document outlining its community investment projects related…

January 6, 2012

HSBC, Barclays cut 2012 gold price forecast

The two banks have lowered their gold price forecasts for this year by more than $100/ounce but both still maintain their bullish view of the yellow metal.

January 6, 2012

Freeport’s Grasberg miners want owed wages to return

Union spokesman Virgo Solossa said Friday the miners will stop returning to the mine on Saturday if they are not paid salaries owed to them during a recent three-month strike.

January 6, 2012

Two fatalities at South African gold mines in one day

Two South African gold mines have reported fatalities at their mines on the same day.