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PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day

05/16/2012 | 10:26am US/Eastern
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African Barrick Gold Agrees Voluntary Tanzanian Royalty Rise 

African Barrick Gold PLC (ABG.LN), the largest gold miner in Tanzania, has agreed to voluntary pay the country's government an additional 1% royalty, taking the total royalty rate to 4% following government negotiations on how to distribute the rewards of a high gold price more equitably.

 
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Pan American Silver 1Q Net Falls 46% On Acquisition, Other Costs 

Pan American Silver Corp. (PAAS, PAA.T) first-quarter profit fell 46% as expenses tied to the acquisition of a Mexican gold and silver operation masked a jump in revenue.

 
 MARKETS: 
 
Spot Gold Lower Still; Greek Events In Focus 

Spot gold's losing streak persists Wednesday, sliding to a new four-and-a-half-month low as fears that Greece will exit the euro pressure the single currency and prompt investors to continue to shed their exposure to bullion in favor of cash and the dollar.

-By Jonathan Robins, Dow Jones Newswires; 4420-7842-9285; Jonathan.Robins@dowjones.com

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2012DJPRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
2012DJBASE METALS HIGHLIGHTS : Top Stories of the Day
2012DJPRECIOUS METALS HIGHLIGHTS : Top Stories of the Day
2012DJPRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
2012DJBASE METALS HIGHLIGHTS : Top Stories of The Day
2012DJPRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
2012DJPRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
2012DJBASE METALS HIGHLIGHTS : Top Stories of the Day
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