Well, that was quick. Gold price getting slammed
Forget last week's rally. Hedge funds are taking profits and world's most accurate gold price forecaster still sees triple digits this year.
Latest Stories
World’s rarest minerals: for some total supply less than sugar cube
Scientists have inventoried and categorized earth's 2,550 rarest mineral species, each sampled from five or fewer sites.
Newcrest Mining’s profit US$117 lower due to Cadia outage, lower copper and gold prices
All-in sustaining cost of gold is $US770 per ounce.
Newcrest Mining shaves US$1 billion off expanding the life of Lihir
Since production commenced in 1997, the site has produced more than 9 million ounces of gold.
Rescuers complete borehole to trapped Kencana miner
Newcrest Mining says Pak Mursalim’s health remains good.
Freeport-McMoRan sells 13 pct stake in Morenci Mine to Sumitomo for $1 billion
Morenci is an open-pit, copper mine located in Arizona. In 2015, FCX’s 85 percent share of Morenci revenues totaled $2.2 billion and production and delivery costs totaled $1.5 billion.
Lack of Asian buyers may keep a lid on gold price
The surge in the gold price last week has not resulted in increased buying of the precious metal by the world's two biggest gold clients: China and India.
Ancient Greek silver mine unearthed
Archeologists working in Thorikos, Greece, have found a pristine silver mine that has lain untouched for over 5,000 years.
Taseko files lawsuit against Ottawa over B.C. gold and copper mine decision
Taseko Mines Ltd. (TSX: TKO) is suing the federal government in B.C. Supreme Court and seeking unspecified compensation for a 2014 decision that blocked development of a proposed $1.5 billion gold and copper deposit.