A lobby group that supports mining companies in the country is calling for the proposal to be withdrawn, but some major gold miners still suffered.
Gold Fields Ltd. (NYSE:GFI) announced that it’s concluded a development agreement for its Tarkwa and Damang mines with the government of Ghana.
Gold Investing News asked Frank Holmes, Julian Phillips and Peter Schiff what happens to gold if the United States tapers quantitative easing. The experts also weigh in on how the new reality of $1,300 gold is likely to impact the major producers and junior gold explorers.
Gold and diamond discoveries played an important part in the growth of the early Republic of South Africa, and historically the country was the world’s largest gold producer for many years and continues to possess the world’s largest quantity of gold reserves at 6000 tonnes.
Nano spoke about the company’s Gorbea Belt and Curahue projects, also discussing the benefits of the prospect generator model in today’s tough markets.
Gold Fields Ltd. (NYSE:GFI) announced yesterday its results for the quarter and year ended December 31, 2013, commenting that during Q4 its attributable production came to 598,000 gold equivalent ounces, a 21-percent increase from the previous quarter.
Reuters reported that Gold Fields (NYSE:GFI) has finalised its $270 million acquisition of mines belonging to Barrick Gold Corp (NYSE:ABX, TSX:ABX) in Australia.
Gold approached $1,300 an ounce Thursday following remarks from US Fed Chair Ben Bernanke suggesting a continuation of the central bank’s stimulus program.