2009 American Buffalo Gold Proof Coin Launches with Little Issues

Today at noon ET the United States Mint began selling the 2009 American Buffalo Gold Proof Coin for $1,360.00, as it announced on Oct. 22. The one-ounce .9999 fine (24 karat) gold coin is expected to draw significant attention. The US Mint handled early demand in improved fashion compared to the collector blitz and resulting [...]

Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul [...]

Coin News: 2008 Proof, Mint, and Chronicles Set Values; Fake Coins; Errors

Several numismatic news or coin blog articles are referenced on CoinNews two separate times a week. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles: 2008 mint and proof sets strong Harry Miller | Numismatic News Mint sets have [...]

Riversdale, Tata approve $270m Mozambique coal mine

Australian coal-miner Riversdale Mining and joint-venture partner Tata Steel have approved the development of the first phase of the Benga coal project, in the Tete province of Mozambique. The partners have committed $270-million, excluding working capital, to undertake the stage one development of the project, which would produce an initial 1,7-million tons a year of [...]

Sylvania’s September quarter PGM output up 36%

South Africa-focused Sylvania Resources on Wednesday reported that platinum group metal (PGM) production for the quarter ended September had increased by 36% compared with the previous quarter. Sylvania said in a statement that it produced 5 558 oz of PGMs, compared with the 4 074 oz produced in the June quarter. The increase in production [...]

Avocet lifts quarterly gold output to 28 734 oz

Aim-listed gold-miner Avocet Mining’s output increased to 28 734 oz in the September quarter, boosted by production from the Penjom mine, in Malaysia, and the North Lanut mine in Indonesia. The company’s gold output increased by 3%, when compared with the 27 756 oz produced in the same quarter last year. Read more….

Dollar Wobbles on Chinese Currency Diversification Concerns

Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]

Kinross lowers output forecast on slower ramp-up at Paracatu

Toronto-based Kinross Gold has trimmed its production guidance for 2009, to about 2,2-million ounces of gold-equivalent, compared with a previous forecast of between 2,3-million and 2,4-million ounces. It has also hiked its cost guidance to between $435/oz and $450/oz for the full year. Read more….

Cluff commissions Côte d’Ivoire gold mine

TSX- and Aim-listed Cluff Gold’s targeted yearly output would increase to 100 000 oz by the fourth quarter of the year, now that its 90%-owned Angovia mine, in Côte d’Ivoire, had been successfully commissioned. The company had commissioned its 60 000-oz/y Kalsaka gold mine, in Burkino Faso, only three months before. Read more….

Gold price above $1 000/oz unsustainable in long run – Harmony

The recent gold price spike, which had seen gold trading at above $1 000/oz, was unlikely to be sustainable in the long run, as this had largely been driven by short-term factors, Harmony Gold chairperson Patrice Motsepe said in the group’s 2009 annual report, which was released on Monday. The gold price had reached a [...]

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