2014 Proof Silver Eagle Coin, Quarter Sets Inaugural Sales
January 31, 2014 by goldguru · Leave a Comment
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 […]
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SA gold strike blocked as platinum offer is rejected
January 30, 2014 by goldguru · Leave a Comment
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.
Disputed DRC report says miners owe $3.7bn in tax, fines
January 30, 2014 by goldguru · Leave a Comment
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.
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Lonmin may revise platinum guidance due to strike
January 30, 2014 by goldguru · Leave a Comment
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.
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New gold and diamond buyers emerge at Dubai Shopping festival
January 30, 2014 by goldguru · Leave a Comment
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.
SPDR gold ETF sees more purchases but still too early to see trend
January 30, 2014 by goldguru · Leave a Comment
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.
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Centamin ups 2014 Sukari gold mine production guidance
January 30, 2014 by goldguru · Leave a Comment
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.
South Africa’s AMCU rejects platinum wage offers
January 30, 2014 by goldguru · Leave a Comment
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.
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Glencore Xstrata to sell stake in Philippines copper-gold project
January 30, 2014 by goldguru · Leave a Comment
Its partner in the long-delayed $5.9 billion Tampakan project says Glencore Xstrata plans to sell its majority stake.
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Polyus Gold prepares for 2014 output fall
January 30, 2014 by goldguru · Leave a Comment
Polyus also plans to slash capital expenditure in 2014 to between $650 million and $750 million, compared with around $1.2 billion last year.
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