PRECIOUS METALS HIGHLIGHTS : Top Stories of The Day
06/19/2012| 05:08pm US/Eastern
Peru's Buenaventura CEO: Minas Conga Mine Could Proceed
LIMA--Mining company Minera Yanacocha expects to carry out the required improvements to ensure that work can resume at its Minas Conga copper and gold project, a high-level company official said.
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TIP SHEET: Invesco Commodities Fund Keeps Eye on Fundamentals
Many commodity-fund managers have morphed into economists and political analysts as oil, copper and other basic goods are battered by Europe's debt crisis.
Polyus Gold International Starts Trading on London's Official List
LONDON--Polyus Gold International Ltd. (>> POLYUS GOLD I GDR), a Russian gold producer, said Tuesday its entire issued ordinary share capital will be admitted to the premium listing segment of the Official List maintained by the U.K. Listing Authority and to trading on the London Stock Exchange's main market for listed securities.
Connemara Mining Company Widens FY11 Pretax Loss to EUR397,121
LONDON--Connemara Mining Company PLC (>> Connemara Mining Company plc), an Irish zinc and gold explorer, Tuesday reported it widened its full year pretax loss in 2011 and said it has strong hopes that it will drill new areas in Wicklow/Wexford.
Vatukoula Gold Revenue in 9 Months Ended May GBP43.2M; 3Q Costs Rise
LONDON--Vatukoula Gold Mines PLC (>> Vatukoula Gold Mines Plc), a gold producer, Tuesday reported that its Vatukoula Gold Mine in Fiji generated revenue of GBP43.2 million in the 9 months to May 31, up from GBP35.7M the previous year, and said that although bad weather pushed up costs in the third quarter, it expects to achieve its target cash costs of $1,400 per ounce for the rest of fiscal 2012.
PRECIOUS METALS: Gold Edges Lower While Awaiting Fed News
NEW YORK--Gold futures edged lower Tuesday in tight trading as traders awaited news from the Federal Reserve and European leaders.
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