Friday, October 19, 2012

Gold Mineweb Daily News -October 19, 2012-: Will silver see a major supply squeeze and massive price increase?

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TOP STORIES | Friday , 19 Oct 2012                                                     

Will silver see a major supply squeeze and massive price increase?

One ultra bullish analyst reckons that one day the silver price could exceed that of gold. Perhaps an unlikely scenario but there are factors which suggest at least a relative closing of the gap.    Friday , 19 Oct 2012

Gold on track for a 2nd straight weekly loss

The gold price eased 0.5% on Friday, as stock markets weakened and the dollar firmed, with many traders opting to stay on the sidelines ahead of the conclusion of the EU summit in Brussels.    Friday , 19 Oct 2012

Hochschild on track for 20m silver equivalent ounces in 2012

Hochschild Mining said production at its core operations is expected to remain broadly stable for the rest of this year.    Friday , 19 Oct 2012

Cash and a crack team: why Riverstone chose to merge with Blue Gold

Riverstone Resources and Blue Gold Mining announce a merger that would bring former Fronteer Gold guys aboard Riverstone's Karma project.    Friday , 19 Oct 2012

McEwen Mining on track for 105,000 gold & gold equivalent ozs. in 2012

McEwen Mining says it hopes to achieve commercial production at its new El Gallo complex late this year.    Friday , 19 Oct 2012

Silver Standard stands pat on 2012 silver guidance

Silver Standard reported that the company's zinc output increased 45.8% during the third quarter.    Friday , 19 Oct 2012

Investec launches dollar Gold ETN to South African investors

South African investors wanting to cut out the currency volatility from their gold exposure can now do so with one product.    Thursday , 18 Oct 2012

Workers end strike at Gold Fields' KDC West mine

Bullion miner Gold Fields says the striking workers at its KDC West mine in South Africa have returned to work, ending a month long strike at the operation.    Friday , 19 Oct 2012

AngloGold, Gold Fields should divest troubled South African mines

There is an excessive discount on their assets offshore because of the news in South Africa, says John Hathaway, managing director of Tocqueville Asset Management LP.    Friday , 19 Oct 2012

Senior Paulson exec says loose monetary policy may boost gold price

"I think gold has an appropriate place in a portfolio during certain macroeconomic circumstances and I think that's right now" says John Reade, senior vice president at Paulson & Co.    Friday , 19 Oct 2012

Polyus Gold nine-month sales rise 16% as output, prices climb

The London-listed miner increased sales 16% in the first nine months of the year as output and prices rose, while revenue climbed to about $1.97 billion from $1.7 billion a year earlier.    Friday , 19 Oct 2012

Indian gold imports to climb for the first time in six quarters

Imports of the yellow metal by the world's largest buyer are set to climb on the back of a decline in domestic bullion prices which have stoked demand.    Friday , 19 Oct 2012

Conflict-free gold standard launched

Developed with its member companies, the World Gold Council says the standard aims to combat the potential misuse of mined gold to fund unlawful armed conflict.    Friday , 19 Oct 2012

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Torex Makes Another 'South of the River' Discovery

Syndicated Makes More Strong Copper Intersections at Yamamilla-Floodbird

Dacian Gold to Raise $20 Million in Largest Gold IPO of 2012

Rio Tinto JV Provides Vulcan Project Drilling Update

Middle Island Announces Farm-in Agreement to Further Consolidate Sirba Gold Project

Andover Reports Drill Assay Summary from 2012 Drilling & Exploration Program at SUN District

Corazon Completes Acquisition of ICN Creating Well Financed Gold & Silver Exploration Company

Kesselrun Resources' Bluffpoint Project Gold Zone Extended Along Strike Channel

90% of Gold Fields' KDC West Reports for Duty

Goldstream Minerals Inc. Announces $4 Million Financing

Source Reports More High-Grade Mineralization in Step-Out Drilling at Las Minas

SEMAFO Intersects Higher Grade Mineralization at Yaho

Orvana Reports Production Results for Q4 and FY2012 & Provides Guidance for FY 2013

Q-Gold Encounters High-Grade Gold in Mine Centre in Ontario

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