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CANADA STOCKS-TSX drops as gold price hits miners; Suncor gains
www.reuters.com

The index's materials sector, which includes mining stocks, lost 1 percent. In the group, miner Goldcorp Inc fell 2.6 percent to C$28.41. The price of gold fell as investors remained on the sidelines ahead of central bank meetings this week in Europe …

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Yamana Gold Q1 profit sags on lower prices, higher costs – Mining Weekly
www.miningweekly.com

The average realised gold price in the first quarter of 2013 was $1 620/oz compared with $1 696/oz in the same quarter of 2012, the average realised copper price was $3.58/lb versus $3.73/lb in the first quarter of last year and the average realised …

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HSBC cut 2013 silver price forecast on growing mine output
www.dubaichronicle.com

HSBC also cut its 2013 silver price forecast to USD 26 per ounce from USD 33 and the 2014 price outlook to USD 27 per ounce from USD 31 earlier. The bank said factors limiting price appreciation for silver were likely to be growing mine output.

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Decoupling In Precious Metals Markets
etfdailynews.com

Understand that either a default or a decoupling is absolute proof that we have been dealing with totally artificial prices for gold and silver. No one is asserting that “there isn't any” gold or silver left to mine out of the Earth's crust. Quite the …

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Yamana Gold 1st-Quarter Profit Down 40% on Lower Metals Prices
www.foxbusiness.com

Last year, Yamana unveiled a plan to buy Extorre Gold Mines Ltd. (XG) for cash and stock worth around 413 million Canadian dollars (US$404 million), giving it access to the major Cerro Moro gold and silver development project in Argentina. Yamana …

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Is the Gold Mining ETF Slump Over?
www.zacks.com

Launched in Nov 2009, this popular ETF looks to focus on the small and mid cap firms in the gold and silver mining industry. It does so by tracking the price and yield performance of the Market Vectors Junior Gold Miners Index as closely as possible …

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Silver Survey 2013: 2012 Silver Price Second Highest on Record
silverinvestingnews.com

Mine supply increased 4 percent, or by about 30 Moz, to 787 Moz. Lead and zinc mining continued to be the top sources of silver, followed by gold mining. Primary silver mine supply, which only rose about 1 percent, represented about 28 percent of total …

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Falling gold prices delay plans to reopen Cononish mine
www.bbc.co.uk

Plans to reopen the Cononish mine near Tyndrum in Stirlingshire have been delayed due to falling gold prices. Scotgold Resources said the project remained viable and would generate a cashflow of more than £39m before tax over its first seven years of …

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JSE firmer but miners follow metals lower
www.bdlive.co.za

THE JSE was firmer on Tuesday morning, despite platinum and gold miners falling in response to drops in precious metals prices. The release of South Africa's March foreign trade data at 2pm is expected to give the market further direction. At 9.19am …

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Gold, Newmont Mining Are Both A Buy
seekingalpha.com

The cost from "mine to refine" has been estimated to be, industry wide, about $1,200/oz (J. Brumley, InvestorPlace, April 8, 2013), depending on where the gold is: littoral, open pit or deep shaft. Gold mining's most environmentally dangerous aspect is …

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Gold Miner Takes Corporate Credit Downgrade, Gold Price Risk
247wallst.com

The latest recovery in the price of gold is not helping gold miners as much as some investors might think. In fact. Moody's Investors Service just issued a corporate credit rating downgrade on Barrick Gold Corporation (NYSE: ABX). The corporate credit …

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The Gold and Silver Mine – Precious metals drop in price, cont.
www.shorenewstoday.com

I'd like to continue last week's discussion about the state of gold and silver prices by letting my readers know what has transpired this past week. As I told you last week, both gold and silver experienced a heavy decline in price to levels not seen …

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Canadian miners cut jobs, spending as metal prices fall – Mining Research
www.miningweekly.com

TORONTO – Three Canadian gold and silver miners announced cost cutting on Monday to try to protect their earnings in the face of falling precious metal prices. Endeavour Silver, Osisko Mining and Orosur Mining said they plan to reduce their workforce …

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Gold Stock Price Update for Today, April 29 – Markets & Trade
marketsntrade.com

Goldcorp, Inc. acquires, develops and operates precious metal properties. It is one of the fastest growing gold producers and committed to mining practices. The Company's main product is gold. In addition the company also produces silver, copper & zinc.

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Kinross Gold sees US$2.7-billion initial capital cost for Tasiast mine
business.financialpost.com

Kinross Gold sees US$2.7-billion initial capital cost for Tasiast mine. Peter Koven | 13/04/29 … The internal rate of return is projected to be a modest 11%, assuming a gold price of US$1,500 an ounce (which is slightly above the current price …

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Kingsgate pressured by fall in gold price
www.theaustralian.com.au

"Given the volatility in gold and silver prices in early April, Kingsgate is reviewing all capital expenditure and operating plans to ensure that the business continues to deliver the strongest return to shareholders," the Sydney-based company said. It …

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Caveat Venditor: Gold And Silver Investors Beware Of Selling Shakeout
www.dailymarkets.com

A reversal in precious metals prices could help turnaround the junior mining sector, which has still not recovered from the 2008 credit crisis like the housing market. All the fundamentals for gold and silver to reverse higher are present. The debt …

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Silver Miners Respond To The Drop In Silver Spot Price
seekingalpha.com

According to The World Silver Survey 2012 29% of silver is produced in primary silver mines, and an additional 13% is produced in gold mines as a by-product. The rest of new silver production comes from lead-zinc mines (37%), and copper mines (21%).

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Orosur Mining plummets on lower gold price and production
www.iii.co.uk

The South America-focused gold producer and explorer also stated it had commenced a review of its operations following the recent steep decline in the gold price. Whilst the review was ongoing, the company decided it would not, for the moment, commence …

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Kingsgate orders review as gold price falls – Mining Research
www.miningweekly.com

PERTH (miningweekly.com) – ASX-listed Kingsgate Consolidated on Monday said that it was reviewing its capital expenditure and operating plans, given the volatility of the gold and silver prices. The miner noted that the review was aimed at ensuring the …

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Gold Bears Defy Rally as Goldman Closes Short Wager: Commodities
www.bloomberg.com

Hedge funds accumulated their second-biggest bet against gold on record just as prices rallied the most in 15 months on surging demand for coins and jewelry and Goldman Sachs Group Inc. ended a recommendation to sell. The funds and other … Net …

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