GFMS: Investor Demand To Support PGMs In 2012; Risks Remain
A rise in investor appetite for precious metals should support platinum and palladium prices this year, although platinum, in particular, remains exposed to downside risks related to economic issues in the euro zone and neither metal should test the peaks they hit in 2011, said metals consultancy GFMS Thursday.
GFMS: 2011 Global Platinum Mine Output Up 3.5% At 6.401 Mln Ozs
Mine output for both platinum and palladium is unlikely to increase this year following growth in 2011, although increased supply from autocatalyst recycling should compensate for this lack of expansion, U.K.-based metals consultancy GFMS said Thursday.
STORIES OF INTEREST:
Royal Gold 3Q Net Up 33% On Higher Gold Prices
Royal Gold Inc.'s (RGLD, RGL.T) fiscal third-quarter earnings rose 33% as higher gold prices continued to bolster results.
Polyus Gold To Pay Minimum 20% Of Net Profit As Dividend
Polyus Gold International Ltd. (>> POLYUS GOLD I GDR), a gold producer in Russia, said Thursday the Board has approved the Company's dividend policy which aims to pay a minimum of 20% of net profit as a dividend per annum.
Randgold First Quarter Profit Doubles On Year, Production Up
JOHANNESBURG (Dow Jones)--Africa-focused gold miner Randgold Resources Ltd. (GOLD) said Thursday that its first quarter gold production and profits were up on the year despite the political troubles in Mali, from where it derives the majority of its gold output.
Barrick Gold Hikes Dividend As 1Q Profit Edges Higher
(Dow Jones)--Barrick Gold Corp. (ABX) reported a modest boost in first-quarter earnings and hiked its quarterly dividend 33%, but rising costs took some of the shine off higher commodities prices for the world's largest gold miner.
US Mint's April Gold-Coin Sales Lowest Since December 2008
NEW YORK (Dow Jones)--U.S. Mint sales of gold coins slumped in April to their lowest level in almost four years, while sales of silver coins also slowed last month, according to data on the agency's website.
PRECIOUS METALS: Spot Gold Extends Losses; Technicals Bearish
LONDON (Dow Jones)--Spot gold is lower in Europe Thursday, extending the previous session's losses as the dollar maintains its gains versus the euro and investors await further economic indicators from Europe and the U.S.
By Iman Dawoud; Dow Jones Newswires; +44 207 842 9344; firstname.lastname@example.org