Kinross Q1: Production down but revenue up
Kinross Gold (TSX:K) took a drubbing in the markets today, along with other major gold producers, as the sector endured an aggressive selloff in the midst of more turmoil in Europe.
Latest Stories
Gold settles at four-month low
Worries about Europe's sovereign-debt crisis sparked a wave of selling in the gold market, pushing prices briefly below the $1,600 mark and to their lowest settlement price in four months.
Franco-Nevada doubles profit, hikes dividend
Franco-Nevada Corp. had a good quarter, more than doubling profits and hiking revenues by 44%.
‘Martian Pink’ diamond expected to fetch more than $8 million
"Martian Pink," the biggest pink diamond ever to appear at an auction, is expected to fetch more than $8 million dollars when it is sold at Christie's Magnificent Jewels Spring Sale on May 29 in Hong Kong, reports KeycTV.
New online diamond exchange – DIAMDAX is launched
The Antwerp World Diamond Centre (AWDC) and DODAQ have launched a new global online exchange for polished diamonds called DIAMDAX (Diamond Dealers Automated Exchange).
TSE drops 1.95 percent
Bad news slammed the markets today as worries about Europe caught up to traders.
Lucara Diamond Corp gets ready to auction rocks from its new Botswana mine
Canadian diamond producer Lucara Diamond Corp announced today that production from its recently inaugurated Karowe mine in Botswana could be available for sale in June.
Hecla Mining announces dividend and share repurchase program on top of dismal Q1 results
Hecla's Q1 net income was off 71% to $12.4 million due to a production suspension at Lucky Friday Mine, increased exploration expenses and other one-time charges.
China gold imports up sharply, country set to become world’s biggest user of bullion
Gold imports to China from Hong Kong were up 59% in March, according to the Hong Kong Census and Statistics Department.
