Detour Lake Gold Reserves Revised Up
Reuters Africa reported that Detour Gold (TSX:DGC) has increased reserve estimates at the Detour Lake gold property.
Reuters Africa reported that Detour Gold (TSX:DGC) has increased reserve estimates at the Detour Lake gold property.
Bloomberg reported that Belarus's gold reserves climbed in December.
Bloomberg reported that Hummingbird Resources (LSE:HUM) is targeting 3 million ounces in gold reserves before building a mine in Liberia.
Reuters Africa reported that Belarus's gold reserves rose in the new year.
Nordic Mines plans to reach full production at its Laiva mine in Finland before 2011 ends. Laiva has some of the largest gold reserves in the Nordics.
IBTimes reported that Afghanistan is issuing tenders on gold properties in an effort to reduce dependence on international aid.
Bloomberg reported that Sudan is exporting some of its gold reserves to offset lower output of oil.
Strong demand from retail and institutional investors for a new gold investment product has more than doubled the forecast objective of the Royal Canadian Mint's IPO of securities tied to gold reserves.
Bloomberg reported that several countries increased their gold reserves during the month of October.
Debate over the potential of extensive gold reserves held by central banks to resolve the euro zone's economic problems have been pervasive in recent months just as fear of exposure to the sovereign debt crisis has grown. In fact, reports of the German central bank liquidating some of its gold reserves for the first time in almost a year have surfaced, selling 150,000 troy ounces in October.
Get our independent commentary on gold trends and companies delivered to your inbox.