GOLD 1212.83 $/ozChange: -3.43
PLATINUM 1270.00 $/ozChange: -18.00
R/$ exchange 11.21Change: 0.08
R/€ exchange 14.19Change: 0.06
 
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GOLD

Goldcorp eyes 1m oz gold output in Mexican region in 2014 Restricted

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Goldcorp said on Wednesday it expects to produce around one-million ounces of gold in the Mexican region this year, or around a third of the gold giant's total estimated output for 2014. Canada's Goldcorp, the world's most valuable gold miner by...
2nd October 2014
 
 
GREENLAND POLITICS

Greenland appears headed for new election, opposition claims majority Restricted

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The leader of Greenland's top opposition party said on Wednesday enough parliamentarians have crossed over to her side to bring about fresh elections after the prime minister took a leave of absence in a dispute over her use of public finances....
2nd October 2014
 
 
SILVER

Fortune Minerals completes Revenue Silver Mine acquisition Restricted

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Canadian silver producer Fortune Minerals has consolidated possession of the Colorado-based Revenue Silver Mine (RSM), underlining its strategic transition from project developer to miner, with two organic development assets waiting in the wings....
1st October 2014
 
 
ENVIRONMENT

Arizona judge recommends Curis’ Florence aquifer permit be rescinded Restricted

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Despite explicitly stating facts to the contrary, Arizona administrative law judge Diane Milhasky on Wednesday recommended that the Arizona Department of Water Quality (ADEQ) rescind a temporary individual aquifer protection permit (APP) granted...
1st October 2014
 
 
COAL

Despite ‘stable’ US coal outlook, more idlings/furloughs expected – Moody’s Restricted

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Despite providing a ‘stable’ overall outlook for the US coal industry, Moody’s Investors Service this week sketched a rather gloomy scenario for the next 12 to 18 months, pointing to weak fundamentals as thermal coal demand faltered and...
1st October 2014
 
 
RARE EARTHS

PEA gives Namibia Rare Earths investors a sense of things to come Restricted

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A preliminary economic assessment (PEA) of the Lofdal rare earths project, in Namibia, had given investors in project promoter Namibia Rare Earths their first positive indications of the economic potential of the project. The TSX-listed project...
1st October 2014
 
 
GOLD

Tulu Kapi cost estimates below global average Restricted

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Aim-listed Kefi Minerals on Wednesday announced that the total operating costs for its Tulu Kapi gold project, in Ethiopia, had been estimated at $626/oz, with all-in costs being estimated at $844/oz including royalties. The company said this...
1st October 2014
 
 
GOLD

Broker ICAP enters race to replace century-old gold fix Restricted

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ICAP, the world's biggest interdealer broker, will submit a proposal to the bullion market to replace the century-old global price benchmark for gold known as the "fix", the company told Reuters on Wednesday. Representatives from a handful of...
1st October 2014
 
 
GOLD

Village earnings drop as restructuring continues Restricted

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Gold producer Village Main Reef on Wednesday reported a 34.7% decline in headline earnings a share from continuing operations to 26.12c for the financial year ended June 30. Earnings a share from continuing operations also declined by 34.9% to...
1st October 2014
 
 
PLATINUM

In depressed platinum market, Amplats struggles to go solo Restricted

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Less than a year after tearing up a $57-million annual supply contract with its main buyer, Anglo American Platinum (Amplats) is struggling to implement a new strategy of selling directly to end-users against a backdrop of weak prices, sources...
1st October 2014
 
 
 
 
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