What was the biggest seller last week according to the United States Mint sales stats? It was the 2014-W Proof American Eagle Silver Coin, of course. Consumers scooped up 307,378 of them between Thursday, January 23 and Sunday, January 26. Its inaugural sales beat those of last year’s strike, which had started with 258,860 during […]
South Africa’s largest gold producers won a court order preventing a strike by AMCU whose members rejected a wage offer by the world’s platinum miners.
The DRC is reportedly owed an estimated $3.7 billion in unpaid customs duties and fines by companies operating in its copper-rich Katanga province.
The South African miner is currently losing about 3,100 ounces of refined output per day because of the strike over wages, which started a week ago.
Normally crammed with Indian expats and Indian tourists, this year Dubai’s gold and diamond traders have seen a strong presence of Chinese and European buyers, along with Arab customers going for gold.
For the second time in the last fortnight, the SPDR gold ETF saw an increase in gold purchases. We need evidence of move from sales to purchases for a while, before it can be confirmed as a trend change.
Centamin, which operates the very successful Sukari gold mine in Egypt, has upped its 2014 production estimate 18% to 420,000 gold ounces as its Stage 4 expansion kicks in.
Thousands of miners at a football stadium near Lonmin’s Marikana mine reacted with boos and jeers when told about the offer tabled after 4 days of government-brokered talks.
Its partner in the long-delayed $5.9 billion Tampakan project says Glencore Xstrata plans to sell its majority stake.
Polyus also plans to slash capital expenditure in 2014 to between $650 million and $750 million, compared with around $1.2 billion last year.