Gold failed to capitalize on the stock market rout and December futures tumbled 4% or $74/oz to $1,734/oz by early Thursday afternoon as the Fed warned of "significant downside risks" and pessimistic economic data from China further damaged sentiment. Silver was hardest hit and platinum and palladium prices came under pressure as well. December silver slid -9.8% or almost $4 to $36.50 an ounce while October platinum lost -4.9% or $87 and palladium for December delivery traded down -8.1% to $655. One trader summed up the day this way: “The textbook ideas, the things we follow, the things we believe to be so are being shot to pieces for the moment and it’s very difficult to trade other than for a long-term view.”

Teck Resources Limited (NYSE: TCK) will invest $210 million at its Trail Operations to increase its capacity to recycle end-of-life electronic waste and $475 million in a mill modernization project at Highland Valley Copper. Both operations are located in British Columbia. The No. 4 Furnace Project at Trail Operations includes the construction of a new slag fuming furnace and settling furnace that will integrate into the existing lead smelting process. Construction on the project will begin in 2012 with completion scheduled for 2014.

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Franco-Nevada Corporation (TSX:FNV)(NYSE:FNV) ("Franco-Nevada") and Lumina Royalty Corp. ("Lumina Royalty") have entered into an arrangement agreement whereby Franco-Nevada will acquire all of the common shares of Lumina Royalty by way of a court approved plan of arrangement for US$60 million in Franco-Nevada common shares and US$6 million in listed Franco-Nevada warrants ((TSX:FNV.WT.A) with a C$75.00 exercise price, expiring June 16, 2017). Under the arrangement, Lumina Royalty shareholders will receive 0.03487 Franco-Nevada common shares and 0.01917 Franco-Nevada warrants for each Lumina Royalty common share held.

World markets tumbled overnight as bad news mounts and investors turn pessimistic. The Hang Seng fell 4.95%, the S&P ASX was down 2.63% and the Shanghai composite index is down -2.78%. Even gold, the traditional fear trade, was off three percent and trading at $1,739.

EVERETT, WA--(Marketwire - Sep 22, 2011) - Two products from Fluke Corporation, the global leader in portable electronic test and measurement technology, have been recognized as best new products in the Consulting-Specifying Engineer Product of the Year Awards. The Fluke® TiS Thermal Imager was named Most Valuable Product of 2011 and won the test instruments, meters, data-loggers category gold award. The 810 Vibration Tester took the bronze award in the same category.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) announced it has acquired a total of 4,468,012 of its common shares at a total cost of $34,949,140 (average price of CDN$7.82 pursuant to its normal course issuer bid ("NCIB") announced on June 17, 2011. Under the existing NCIB the Company intends to acquire up to 10 million common shares. All common shares purchased under the NCIB will be cancelled.

BMO Financial Group is making it simple for Canadians to purchase and hold physical gold bullion. With the launch of BMO's Gold Deposit Program, clients will be able to purchase physical gold using a delivery and custody process that is simple, efficient and cost effective. Physical allocated gold deposits are not new to Canada but easy access for clients has always been a challenge. BMO is offering this unique program exclusively through BMO Nesbitt Burns Investment Advisors, or through in-branch Resident Investment Advisors.

GVK group, of which GVK Power & Infra is a part, is in talks with Indonesia's PT Kideco Jaya Agung for divesting part of its stake in the coal mines that it bought last week from Australia's Hancock Group for $1.26 billion, business daily Mint said citing two sources. On September 17, GVK agreed to pay $1.26 billion for a majority stake in three Australian coal mines and a port and rail project owned by Hancock Group to secure long-term coal supplies for the Indian group's power projects.

Russia and Iran are creating a $1.2 billion joint venture between state company Russian Technologies and Tehran state Bank Saderat to tap into Iran's colossal zinc deposits, Kommersant daily reported Tuesday.