Posts Tagged ‘china’

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 8, 2012) -   Silvercorp Metals Inc.  (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 (“Q3 2012″). Full story

China continues to see rising gold consumption with a virtual tripling of gold imports through Hong Kong in 2011, but demand in December appears to have stuttered ahead of the Lunar New Year. Full story

TORONTO, CANADA–(Marketwire – Feb. 6, 2012) – Centerra Gold Inc. (TSX:CG) announced that the unionized employees of its Kumtor operation in the Kyrgyz Republic have begun an illegal strike. Full story

a href="http://www.theaustralian.com.au/business/opinion/hong-kong-jewellers-cashing-in-on-chinas-appetite-for-the-yellow-metal/story-e6frg9if-1226263136194" target="_blank"> The Australian reports over the past month they've been impossible to miss: On billboards across Hong Kong, throughout its subway network and all over its buses have been huge advertisements for little gold dragons. Hong Kong's jewellers have been determined to cash in on mainland China's obsession with all things Chinese New Year (and the newly arrived Year of the Dragon is ... Full story

Nothing is so salutary for the Chinese economy as growth in the United States, and nothing is so good for copper and iron ore prices as a strong Chinese economy. The recent drop in the U.S. Full story

Interfax-China reported that China's gold bullion output grew by 5.89% in 2011 to reach a record high of 360.96 tonnes up by 20.08 tonnes from the previous year making the country the world's largest producer for the fifth year running. The China Gold... Full story

Edited and translated by Ma Xi, China's gold output reached 360.96 tons in 2011, up 5.9 percent year-on-year, according to the latest statistics from the China Gold Association. Full story

China's gold output rose again in 2011 confirming its position as global No. 1 producer, but is it surreptitiously taking all its domestic production into its reserves? Full story

The 2012 week-long celebrations of the Year of the Dragon in China were nothing but a major ‘gold rush’ with gold sales volumes exceeding 95 million U.S. dollars, which is an almost 50 percent increase over last year’s celebrations, reported Xinhua. Full story

Comex gold and silver futures prices made strong gains in morning trade Monday, with the February gold contract powering to a six week high of $1,679.50 an ounce, up just shy of 1% by midday. Gold is now up over 5% for the year, but still well of the record high above $1,900 hit in September. Full story