Articles Tagged "gold market news"

Burkina Faso Passes New Mining Code

Gold – Reuters reported that on Friday, Burkina Faso's transitional parliament passed a new mining code that eliminates a previous 10-percent tax break on the profits of mining companies. Companies must now pay into a local development fund.

Gold Drops Further

Gold – Gold spot price was down 0.6 percent on Tuesday, hitting $1,178.10 an ounce as the euro dropped against the dollar and stock markets rallied in hopes that Greece would reach a deal with it creditors.

Metals Focus: Miners Debt Remains a Concern

Gold – The latest Precious Metals Weekly from Metals Focus provided a look at the performance of 10 major gold producers. The article noted that while miners have to some extent lowered their costs, the gold price has also fallen and debt for the miners remains a concern.

Gold Price Today: Gold Hits One-week High

Gold – The gold price gained 1.1 percent to reach $1,189.60 an ounce on Wednesday. The increase is the third in a row for the metal, and puts it at a one-week high. Meanwhile, COMEX gold futures for August delivery reached $1,189, an increase of 0.97 percent.

Infographic: Toll Milling in Peru

Gold – The latest infographic from Visual Capitalist, presented by Montan Mining (TSXV:MNY), looked at toll milling in Peru. Peru is South Americas largest producer and exporter of gold, but illegal mining accounts for nearly 20 percent of exports, according to government estimates.