Gold Lacks Luster on Post-FOMC Malaise
The gold price failed to catch fire this week even though the US Federal Reserve announced news that was bullion-supportive.
Articles Tagged "australia"
Turkish Gold Mine Makes Alacer an Appealing Acquisition
Bloomberg reported that increasing costs and falling ore quality at Alacer Gold Corp.'s (TSX:ASR,ASX:AQG) Australia-based mines, coupled with expansion potential at the company's gold mine in Turkey, make Alacer a good M&A target.
2011 Top 10 Gold Producing Countries
Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
Newcrest to Boost Gold Production by 1 Million Ounces
Reuters reported that Newcrest Mining Ltd. (ASX:NCM) plans to spend AU$5 billion in order to increase gold production by 1 million ounces in the next five years. Other major mining companies, such as Barrick Gold Corp. (TSX:ABX), are aiming for similar production increases.
Thor Mining Begins Drilling at Australian Project
Thor Mining PLC (ASX:THR,LSE:THR) announced that it has begun drilling at its Spring Hill gold project in Australia's Northern Territory. It plans to finish drilling by the end of August.
Gold Falls, Investors Wait on US Jobs Data
Gold prices dropped on Thursday due to a discounted interest rate cut from the European Central Bank and the expectation that disappointing economic data out of the United States will follow at the end of the week.
Top 10 Gold Producing Countries of 2011
The world's top ten gold producers span the globe, much like the metal's admirers.
First Quarter Australia Gold Output Drops 5%
Mining Weekly reported that gold production from Australia was down 5% quarter-on-quarter.
Drilling at Edna May Results in Increased Gold Resource Estimate
Mining Weekly reported that Evolution Mining (ASX:CAH) increased its gold resource estimate at the Australia-based Edna May project.
Newcrest Increases Gold Output
Mining Weekly reported that Newcrest (ASX:NCM) increased its gold production by about 3%.
