Gold price related articles from around the web

Below is a list of current, daily articles associated with the gold price.

For a weekly roundup why not sign up to our free gold price email on your right. We look at the causes for movements in the gold price today and the causes for movements in gold related companies. We’ll show you the companies that can prosper and those that may not.

We don’t think we know everything, but knowing everything complicates knowing… know the details that matter, sign up to Gold Price Today, and add us to your contacts, to receive our weekly gold price email.

Latest gold price articles

• Junior resource investment in a financial meltdown – the Good, the Bad and the Ugly

  19 May 2012, 8:53 am

  Rick Rule’s presentation at the New York Hard Assets Conference earlier this week sees some light for the informed junior resource investor despite current patterns which have mostly been Bad or Ugly!

• Investment strategies for the junior resource sector

  19 May 2012, 8:52 am

  Aaron Kennon suggests questions to ask, what specialized knowledge your adviser should know and why small-cap and junior resource equities are offering surprisingly thrilling returns. Gold Report interview.

• Silvercorp posts record net income in year end

  18 May 2012, 6:18 pm

  Silvercorp reports strong financials Friday, despite a drop in net income during the last quarter of its fiscal 2012.

• Is this the start of the turnaround juniors have been waiting for?

  18 May 2012, 4:17 pm

  Markets were finally good to juniors late this week with gains across the venture and main board in Toronto for junior miners and explorers on Thursday and Friday.

• Inmet closes 1.5bn debt offer for Cobre Panama project

  18 May 2012, 4:10 pm

  Toronto-based Inmet plans to use the proceeds of the debt offer to fund construction of its Cobre Panama copper/gold project in Central America.

• McEwen cautions investors about Argentina decrees

  18 May 2012, 3:27 pm

  TSX-listed McEwen Mining CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects.At its general meeting, McEwen said there is uncertainty with regard to repatriating funds from the San José, which could impair the company’s ability to internally finance its projects.

• WPC plans First Uranium bid if shareholders vote down asset sales

  18 May 2012, 3:05 pm

  South Africa-based Waterpan Mining Company (WMC), along with unnamed investors, aims to bid for a controlling stake in First Uranium if shareholders vote down two proposed deals to sell its main assets at June 13 meetings, director Chopper van der Bijl said on Friday.Cash-strapped First Uranium had last month snubbed a potential $80-million offer from a consortium comprising Russia’s Renova group and WMC for the Toronto- and Johannesburg-based company’s Ezulwini gold and uranium mine, located west of the city.

• Nord Gold Q1 net income down 30% on declining output

  18 May 2012, 1:47 pm

  CEO, Nikolai Zelenski, expects a stronger second half of the year after the company’s Q1 income dropped 30% year-on-year to $60 million on declining output.

• VTB Capital buys minority stake in Siberian gold miner

  18 May 2012, 1:44 pm

  The investment arm of Russia’s second largest lender, VTB, has bought a minority stake in Zapadnaya Gold Mining but has not disclosed the size or price paid for the stake.

• No production at RUSAL’s Guinea alumina plant since Apr 3

  18 May 2012, 1:41 pm

  Despite the suspension of a strike at the plant late last month, there has not been any production at RUSAL’s Friguia alumina refinery in Guinea since April 3.

• Rambler seeks Aim listing, China’s Tinma boosts stake to 16%

  18 May 2012, 1:26 pm

  TSX-V-listed Rambler Metals on Friday said it agreed to sell an additional C$4.13-million stake to 11.5% shareholder Tinma International.The aspiring mid-tier miner, which owns the Ming copper/gold mine in Baie Verte, Newfoundland and Labrador, also said it would seek to list on London’s Aim.

• Mwana to sell 15% stake in Freda Rebecca gold mine

  18 May 2012, 1:19 pm

  Aim-listed Mwana Africa said on Friday it would sell a 15% stake in its Freda Rebecca gold mine, in Zimbabwe, to a longstanding board member.Kenneth Musanhi, a Zimbabwean businessperson, would pay $405 000 for the stake.

• Gold defies stronger dollar; rises with euro

  18 May 2012, 10:50 am

  Prices rose to $1,587.46 an ounce on Friday, building on the previous session’s hefty gains, as a recovery in the Euro against the U.S. dollar prompted some physical buying.

• LME CEO may pocket millions in sale deal

  18 May 2012, 10:24 am

  If the London Metal Exchange is sold for the £1 billion it has been valued at, shareholders would get 77 pounds per share, a roughly 15-fold premium from the 4.9 pounds LME ordinary shares traded at in July last year.

• Silvercorp net earnings fall on higher production costs

  18 May 2012, 9:22 am

  TSX-listed Silvercorp Metals on Thursday said fourth-quarter profit fell by 19% to $9.7-million quarter-on-quarter, or 6c a share, weighed down by increased production costs despite higher prices achieved.The lower net income was mainly attributable to a charge of $1.5-million of forensic audit and legal fees to fight a short-sellers’ attack, higher production costs, partially offset by higher sales revenue, and higher general and administrative costs as the company had three projects under development, compared with only one last year.

• Scorched Canadian Malartic mill returns to operation

  18 May 2012, 8:27 am

  TSX-listed Osisko’s burnt mill at its Canadian Malartic gold mine had been returned to operations, except for the No 4 cyclone set, which was expected to be back on line within a week.“The mill had been returned to operational status as of 22:00 on Wednesday evening,” VP for corporate development John Burzynski said in a statement.

• Mali interim govt raises gold sales tax

  18 May 2012, 6:39 am

  Mali’s interim government has raised the combined sales tax on gold by 2 percentage points to 8%, a move aimed at bringing it in line with peers in the West Africa region, according to a government statement.The tax hike came as a senior mines ministry official said Mali will miss its 2012 output target of just over 49 t. The official said it was too early to give a new figure.

• Hannans takes control of Scandinavian Resources

  18 May 2012, 6:11 am

  Gold and base metals explorer Hannans Reward has taken a 92.9% interest in takeover target Scandinavian Resources, triggering a compulsory acquisition of the remaining shares in the ASX-listed Scandinavian.Hannans launched its share swap offer in early March this year, offering three of its own shares for every one Scandinavian share held, valuing the takeover target at A$32-million.

• Global demand for gold grows 16pc

  17 May 2012, 8:00 am

  Gold demand driven up by Chinese investment and jewellery market.

• Gold slides 20pc into bear market

  16 May 2012, 5:45 pm

  Gold has lost a fifth of its value since its record peak last year, as fears that Greece will exit the euro prompt investors to move into cash.

Important

Information in Gold Price Today is for general information only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions. Appropriate independent advice should be obtained before making any such decision.