Canadian-based mineral exploration and development company Premier Gold Mines (TSX: PG) has teamed up with Jones, Gable & Company Limited and placed its shares at $3.65. Premier plans to use the gross proceeds from the sale of the shares for exploration programs to be conducted on the Hardrock project, Red Lake projects and PQ North [...]
Harmony Gold Mining Company Limited regretfully announces that a slip of ground accident at its Masimon mine in the Free State on Saturday morning resulted in the death of a mineworker. For full story, click here
Harmony Gold Mining, named the preferred bidder for ’s Free State assets today, may spend about 13 mln in the first year to restart production. For full story, click here
The future of gold in Western Australia is glowing, with gold explorers making up 50 per cent of successful applications for the State Government’s new Co-funded Industry Drilling Program. Mines and Petroleum Minister Norman Moore stated: It is pleasing to see that gold, once the stalwart of WA’s resources industry, is enjoying a resurgence. For [...]
The country’s leading lender, State Bank of India, will double the number of branches for retail sales of gold coins to 1,100 in the current fiscal to reach out to all important centres of the country. For full story, click here
The State Administration of Foreign Exchange announced that China’s gold reserves now equal 1054 tons, grabbing the market’s attention and showing that China is beginning to raise its gold reserve as its long-term strategy, not only as an important tool to hedge USD risk, but also to bolster RMB’s globalization with its increased gold reserve. [...]
The gold exchange-traded fund, State Bank of India Mutual Fund has turned in India’s sixth mutual fund firm after Kotak Mahindra, UTI, Quantum, Benchmark and Reliance to join the gold bandwagon. R. S. Srinivas Jain, senior vice president and chief marketing officer, SBI Mutual, stated: I think ETFs are the ideal investment options for investors. [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
