Posts Tagged ‘month’

Crocodile Gold (TSE:CRK) expects higher gold output this year, expecting to produce between 75,000 and 85,000 ounces of gold at a cash cost of US $1,100 to $1,300 per ounce. The company realeased its outlook on Wednesday. Full story

The Summit mine in southwest New Mexico is ramping up to commercial production this month. Santa Fe Gold Corporation (OTCBB:SFEG) said it is expecting to produce 400 tons per day in 2012, a four-fold increase in output from 2011 levels. Mechanized long-hole mining of the ore body began in December Full story

Despite a warning by South Africa's power utility that supply would be extremely tight this month, the country's platinum miners are confident there will be enough to power their mines. Full story

Workers at Freeport-McMoRan’s gold and copper mine in eastern Indonesia said Tuesday they may extend their strike another month after a meeting with company management fell through. Continue reading at Washington Post Full story

Forbes reports billionaire investor George Soros is placing a very particular bet on gold: he’s reportedly buying $40 to $50 million in shares Chow Tai Fook, a Chinese jeweler that’s bigger than Tiffany’s. The company is hoping to raise $2.8 billion on the Hong Kong Stock exchange when it lists in a fortnight’s time. Bloomberg reports the offering by the Hong Kong-based jeweler with ... Full story

Shareholders who held onto their Silvercorp Metals stock during the rollercoaster ride that started on September 2 when the company had to disclose fraud allegations and a massive short position in its stock, had something to show for their loyalty on Friday. Full story

The import of gold and silver by India has risen by a whopping 222% between April and May 2011, as compared to a year ago. In the month of May alone, imports were a staggering $9 billion, with gold demand growing 25% Full story

Fundamental Forecast for Gold: Neutral Gold pared the decline from earlier this month, with the bullion advancing to $1542.05/oz, and prices for the precious metal may continue to push higher in the week ahead as the CME Group plans to lower margin Full story

Zambia's finance minister said on Thursday that audits had highlighted tax "issues" with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources (VED.L: Quote ), and Canada's First Quantum Minerals (FM.TO:  Quote ) in addition to Glencore's (GLEN.L: Quote ) subsidiary in the country. Full story

Heading for its second weekly drop this month, the yellow metal slipped in early trade but, analysts say continued worries over Greece could cap the fall Full story