June 22, 2011

Greece: it’s not Lehman

Stock market bulls bellowed yesterday as bourses around the globe rocketed higher. Several major European markets were up more than 2%, and the S&P vaulted 1.3% higher on the day.…

June 22, 2011

FT: Greek savers rush for gold

The Financial Times reports Greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks.…

June 22, 2011

Highland Gold positive on Blagodatnoye and Belaya Gora Flanks properties

Highland Gold Mining said data from Blagodatnoye indicated a gold-mineralised zone of about 500 metres by 400 metres at a depth of 200 metres

June 22, 2011

Gold in sterling hits record

Gold priced in sterling hit a lifetime high around 954 pounds boosted by continued concerns about the debt crisis in Europe Gold priced in sterling struck a lifetime high around…

June 22, 2011

Connemara Mining – preliminary results for the year ended 31 December 2010

Good results continue to flow from drilling in the Stonepark region in Limerick

June 22, 2011

Alrosa Production, Prices Up in Q1, Revenues Total $1.1B

Alrosa’s first quarter of the fiscal year ended with a 5% decline in revenue, 29.6 billion rubles ($1.06 billion) despite rising rough diamond prices. Net profit for the period has…

June 21, 2011

Mechel stock jumps after winning subsoil license for Pionerskoye iron ore deposit

Russian mining and metals giant Mechel listed in New York where it has a market capitalization just shy of $11bn, reported on Tuesday winning the auction for the subsoil license…

June 21, 2011

LME board struggles to reform metals warehousing logistics

The board of the London Metal Exchange has been unable so far to reach agreement on a way to resolve aluminum access issues from warehouses owned by a unit of…

June 20, 2011

Silver Institute endorses production cost standard for silver mining companies

The Silver Institute has reviewed the Gold Institute’s Production Cost Standard to determine its use and adoption by the silver industry. Through the formation of a committee mostly comprised of…

June 20, 2011

Barcelona Manager supporting diamond cause

Fresh from exciting European soccer fans around the world with a successful UEFA Championship campaign, FC Barcelona Manager Pep Guardiola is lending a hand to support an Israeli medical cause.…