Author Archives:
PRECIOUS-Gold edges down with euro, Spain in focus
Gold edges down on Tuesday, following the euro’s weakness, investors saw the Spanish debt market with renewed concerns about the debt crisis in Europe, but safe haven demand can support bullion prices. The sentiment in the eurozone remained vulnerable to a Spanish debt auction later in the day. Spain is set to see the jump [...]
Gold sales decline in March as Stability Returns, Perth Mint Says
Gold sales by the Australian Perth Mint that all bullion of the country processed, fell 9.6 percent last month as signs of an acceleration of economic recovery in the U.S. slowed demand for port investments. The sale of gold coins and bars fell to 38,123 ounces from 42,161 grams a year earlier, according to data [...]
Argonaut Gold Announces Q1 gold production of 21,084 ounces
Argonaut Gold Inc. (“Argonaut Gold” or the “Company”) (TSX: GL) today announced that the company produced 21,084 ounces of gold during the 1st quarter of 2012 (ended March 31, 2012) at its 100% owned El Castillo Mine (“El Castillo”, which is located 100 km north of the city of Durango, Mexico) and 100%-owned La Colorada [...]
Cobalt says no laws broken after report on the Angolan partner
Cobalt International Energy Inc. (CIE) (CIE), the offshore oil explorer backed (CIE) of Goldman Sachs Group Inc. said it was not broken the laws after the Financial Times reported Angolan officials own interests in the local partner. Cobalt began an investigation into its Angolan business relationships in 2007 and continues to maintain “strict due diligence” [...]
Argentine leader moves to nationalize oil company
In a bold move to control the energy of Argentina reserves to get President Cristina Fernandez pushed forward a bill to the country’s largest oil company renationalize on Monday, despite fierce criticism from abroad and the risk of a major break with Spain.In a national address, Fernandez said the legislation to the Congress would give [...]