Citi Cuts 2013 Gold Forecast; Ups Platinum, Palladium Outlook
Citi Monday cut its outlook on gold prices for the year ahead, but raised its view on the price prospects of the platinum group metals.
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Nyota Minerals Sees FY13 Working Capital Shortfall, Halts Drilling
Nyota Minerals Ltd. (>> Nyota Minerals Limited), an East African focused gold exploration and development company, said Monday it has received invoices in relation to definitive feasibility study, or DFS, and exploration activities in 2012 causing an expected working capital shortfall in the quarter ending March 31, and it has therefore suspended all drilling operations.
Gold Fields Sees 4Q12 Production Below 3Q12, 4Q11 at 753,000 Ounces
Gold Fields Ltd. (GFI.LN) said Monday attributable Group production for the December 2012 quarter is expected to be 753,000 gold equivalent ounces, compared with 811,000 ounces in the September quarter and 883,000 ounces in the corresponding 2011 quarter.
Spot Gold Higher Supported by Weaker Dollar, Physical Demand
Spot gold is higher in Europe on Monday, propped up by a weaker dollar and good physical demand for the metal.
Write to Simon Varcoe at [email protected]