Gold and precious metals: today’s top 10 news
- Gold and silver prices closed higher Tuesday as traders picked up contracts that have steadily lost value over the past several days
- Gold will continue to gain on strong central bank buying, according to Hermes Investment Management
- Auriga Gold has acquired a 46% minority interest in Claude Resource’s Nokomis property, which is a part of the Maverick Gold Project in Canada
- AngloGold Ashanti, the world's third-largest gold producer, plans to spend $1.5 billion by 2013 on implementing new projects
- Magma Metals plans to spin off its West Australian gold projects into a new exploration company to focus on its platinum-palladium-copper-nickel project in Ontario
- Anglo Asian Mining plans to produce first gold from the Gosha mine in Azerbaijan in the first half of 2013; Gosha mine will produce 10,000-15,000 ounces of gold a year
- Integra Mining has intersected further high grade gold mineralisation in Western Australia
- Ariana Resources has intersected high surface silver and gold grades at Red Rabbit Gold Project in Balikesir Province, western Turkey
- Gryphon Minerals has raised A$58.5 million via a share placement, increasing the company's cash reserves to $100 million, with the funds allowing the company to advance towards development of its Banfora Gold Project in Burkina Faso
- Gold and uranium explorer Siburan Resources has signed a joint venture agreement with Malaysia-registered RH Resources to acquire mineral exploration and mining projects in Papua New Guinea