Bloomberg reported that Russian gold and silver miner Polymetal (LON:POLY) announced that they anticipate write downs of up to $340 million in assets on weak gold prices.
Articles Tagged "russia"
China, Australia and the United States were the top bullion producers in 2012.
The gold price started the week on a tear as bargain hunters put the pedal to the metal on bullish comments from the US Fed chair. Good economic news, however, beggared the price, and by the end of the week gold was struggling again.
The ship that went missing while carrying gold ore from a Polymetal mine has been found. One body was also found and one person has been arrested.
Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
BHP Billiton and Millhouse Capital, owned by billionaire Roman Abramovich, may form a joint venture to develop one of the largest gold deposits in Russia's Chukotka region.
Russia has nearly doubled its gold reserves. But why? Is Putin up to something?
The world's top ten gold producers span the globe, much like the metal's admirers.
High River Gold Mines Ltd. (TSX:HRG) announced updated mineral estimates for the Berezitovy mine and its Burkina Faso properties.
Sharprock Resources Inc. (OTCBB:SHRK) announced an acquisition agreement for a mining license in Russia.