In a development causing a stir in the gold sector, Chinese banks are pulling the plug on retail paper gold trading. Major Chinese banks including the Industrial and Commercial Bank of China (ICBC)--the world’s largest by assets–have announced they will cease offering retail paper trading... Keep Reading...
Novagold Resources (NYSE:NG) announced it has entered into definitive agreements to buy out Paulson Advisers’ 40 percent stake in the Donlin gold project in Alaska, unifying ownership of what is projected to become the largest single gold mine in the US.Under the arrangement, Paulson will... Keep Reading...
Barrick Mining (TSX:ABX,NYSE:B) has agreed to purchase a 9.9 percent stake in Canadian explorer Kingfisher Metals (TSXV:KFR,OTCQB:KGFMF) for roughly US$15.25 million to fund copper-gold exploration in British Columbia's Golden Triangle.Kingfisher committed to directing at least 80 percent of the... Keep Reading...