Richmont Mines Inc. , a gold exploration, development and production company with operations in Canada, reported financial and operational results for Q4 and year ended December 31, 2008. For more information, click here
Soldiers and police in Papua New Guinea are being sent into the country’s highlands to help tackle a deteriorating security situation near Barrick Gold’s Porgera mine. For full story, click here
Gold mining companies are all set to increase their output in the coming months. In a new disclosure, Indonesian unit of Newmont Mining said its gold output will rise by 81 per cent this year. For more information, click here
For those still undecided about gold, this decline could provide some excellent opportunities. For full story, click here
Why did gold touch $1,000 an ounce this month if we have declining prices? Wasn’t gold a classic inflation hedge? For full story, click here
Gold declined slightly in choppy trade on Friday, falling for a fifth straight session after bullion rose above $1,000 last week, as investors opted to sell the metal amid volatile stock markets. For full story, click here
The trend in gold derivatives market is pointing towards further jump in prices of the yellow metal, Merrill Lynch said. For more information, click here
India might be the biggest importer of gold, but it has not shipped in the precious metal in February as demand has decline due to record high prices. For full story, click here
Philex Mining Corp., the Philippines’ largest mining company, is now more of a gold miner than a copper miner as the precious metal hits $1,000 per ounce. For more information, click here
Canadian precious metal miner Iamgold posted fourth-quarter loss but gave a positive outlook. For more information, click here
Saturday, February 28, 2009