Acacia Mining Losing $1m A Day In Revenue Due To Tanzania’s Gold Export Ban
One of the largest gold producers in Africa, Acacia Mining, has been losing out on more than $1 million a day in revenue following Tanzania’s recent introduction of the gold and copper concentrates export ban.
Gold Jumps As Market Digests Obamacare Repeal Failure
Gold was seeing renewed interest Sunday night, as markets questioned the likelihood of U.S. President Donald Trump’s pro-growth agenda, following a failed attempt to repeal and replace Obamacare on Friday.
Roll The Dice…
Well here we are again, holding our breath as gold is on track for a second weekly gain on Friday.
Read moreU.S. Political Drama, Weakening Commodity Markets To Influence Gold – Analysts
(Kitco News) – A general malaise in commodity markets could limit gold’s upside potential next week as analysts remain mixed on U.S. dollar strength ahead of a much anticipated vote on healthcare reform.
Harmony: Strike Ends At Kusasalethu Mine
Harmony Gold Mining Co. Ltd. (JSE: HAR; NYSE: HMY) reported Friday that a wildcat strike at its Kusasalethu mine west of Johannesburg has come to an end after just one day.
Read moreWall St., Main St. See Continuation Of Gold Rally
Wall Street and Main Street look for gold to rise again next week, with potential U.S. dollar weakness the most frequently cited factor among traders and analysts.
Read moreGold Down But Unchanged Following 1.7% Rise In New Durable Goods Orders
(Kitco News) – Gold prices appear to be stable but in negative territory following stronger-than-expected U.S. manufacturing data.
Read moreMild Profit Taking In Gold Ahead of U.S. House Vote To Repeal Obamacare
Gold prices are modestly lower in early U.S. trading Friday, on some more mild profit-taking after recent good gains.
Read moreKlondex Mines Posts 4Q Profit, Record GEO Sales
Klondex Mines Ltd. (TSX: KDX; NYSE MKT: KLDX) reversed to a fourth-quarter profit as the company sold a quarterly record 47,745 gold-equivalent ounces for revenue of $56.1 million
Read moreOregon Teens Make 50,000 Selling Fake Gold Bars On Craigslist
Two 17-year-old boys were arrested in Bend, Oregon, for selling fake gold bars to customers on Craigslist, according to police.
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