Tuesday, November 6, 2012

Gold Mineweb Daily News -November 6, 2012-: Obama Vs. Romney - the short term implications for gold


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TOP STORIES | Tuesday , 06 Nov 2012                                                     

Obama Vs. Romney - the short term implications for gold

While monetary policy is unlikely to change significantly in the medium term no matter who wins, analysts are expecting significantly different short term reactions.    Tuesday , 06 Nov 2012

Gold extends gains as US voters head to the polls

US monetary policy "unlikely to change" whoever wins election analysts say but the fiscal cliff "could propel gold higher"    Tuesday , 06 Nov 2012

Recent gold stock breakout just the beginning - Joe Foster

The late summer rally in gold equities is the beginning of the outperformance that Van Eck's Joe Foster has been looking for. Interview with The Gold Report.    Tuesday , 06 Nov 2012

AngloGold suspends operations at Mponeng mine

This comes after workers staged a sit-in protest on Monday and the company decided not to send workers underground because it was not satisfied it could do so safely.    Tuesday , 06 Nov 2012

Power supply deal turns Oyu Tolgoi's lights on

The soon to be completed Oyu Tolgoi copper gold mine in Mongolia has secured its power supply with an unnamed Chinese power company, Rio Tinto said yesterday.    Tuesday , 06 Nov 2012

Centamin surges after Egyptian agency backs mine appeal

The gold miner surged the most on record after saying it's confident a dispute over the Sukari mine will be resolved after receiving the backing of the country's mineral resources authority.    Tuesday , 06 Nov 2012

Workers at Village's Buffelsfontein mine go on strike

The South African gold miner reported Tuesday that its employees at the Buffelsfontein gold mine had embarked on an illegal strike.    Tuesday , 06 Nov 2012

Silver Wheaton reports record-setting output

Despite project delays, Silver Wheaton CEO Randy Smallwood has expressed confidence about Barrick's leadership of the Pascua Lama project, due to Barrick's working relationship with Fluor.    Tuesday , 06 Nov 2012

Gold rush: China jewellery stores go west for growth

With jewellery stores already flooding shopping districts in Beijing and Shanghai, retailers are shifting their focus to smaller cities in hope of mining a rich seam of appetite for jewellery products.    Tuesday , 06 Nov 2012

All Gold Fields' SA mines back in production after strikes

The bullion producer said Tuesday that all three of its operating mines in South Africa were back in production after the end of a 23-day strike at its KDC East mine.    Tuesday , 06 Nov 2012

Indians head for gold as Diwali closes in

Physical demand for the precious metal is set to get a boost as the festivals of Dhantereas and Diwali push up the sale of coins and jewellery in India.    Tuesday , 06 Nov 2012

Eldorado Gold goes for trolley assist trucks at Kişladağ

Eldorado Gold's Kişladağ gold mine, Turkey's largest, is switching from mechanical drive trucks to electric power with the purchase of AC electric trucks and a trolley assist system from Hitachi.    Monday , 05 Nov 2012

For miners, production, not cash is now king

With uncertainty and cost concerns dominating the macro economic outlook currently, increasingly investors are focused on near-term production prospects.    Monday , 05 Nov 2012

Shandong Gold, Zijin, Zhaojin looking for overseas acquisitions

Chinese gold companies are adding assets as the precious metal rallies for a 12th year and as growth in gold production at home slows.    Monday , 05 Nov 2012
 

COMPANY RELEASES                                                     

KDC East Mine Resumes Production

IFC Subscription Agreement Signed

Unprotected Strike at Village's Buffelsfontein Gold Mine

Largest Gold IPO of 2012 Closes Early and Oversubscribed

Breakaway Executes Sale Agreement with Mithril for WA Tenements

Musgrove Grants 60 Day Payment Extension to Grand Peak Capital

Evolution Completes A$200M Corporate Loan Facility

IAMGOLD Provides Exploration Update for the Boto Gold Project

BacTech Commences Field Investigation on Snow Lake Plant Site

Oyu Tolgoi Concludes Final Power Purchase Agreement

Kiska Receives Thorn Phase 2 Drilling Results from Brixton

PEA of Elder Gold Mine Shows Total Cash Flow of $138M over 10.4-year Initial Period Mine Life

Drilling Resumes at Miranda's Red Canyon Project

Condor Releases NI43-101 Technical Report for La India Gold Project

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