PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
02/21/2013| 09:54am US/Eastern
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TOP STORIES:
GOLD PRICES IN INDIA FALL TO 7-MONTH LOW, SPUR BUYING
MUMBAI--Gold prices in India fell to their lowest in seven months on Thursday, following the weakness in the global market and helping to revive purchases, especially of jewelry, trade executives said.
GREECE TO APPROVE ELDORADO GOLD PROJECT AFTER VANDAL ATTACK ON MINE
ATHENS--Greece's government is vowing to speed up approval for a gold mine in the country's north in a bid to calm Canadian miner Eldorado Gold Corp.'s concerns about a swift, violent attack by masked vandals on one of its other mines over the weekend.
STORIES OF INTEREST:
PANAUST FY PROFIT UP 8% AS OUTPUT BEGINS AT LAOS MINE
SYDNEY--PanAust Ltd. Thursday reported an 8% rise in net profit, bolstered by the start of gold and silver production at its Ban Houayxai mine in Laos.
ST BARBARA PROFIT SLUMPS ON ACQUISITION COSTS, MINE CLOSURE
SYDNEY--St Barbara Ltd. Thursday reported a 95% slump in first-half profit, citing one-off costs related to the acquisition of Allied Gold Mining and the winding down of its Southern Cross mining operations in Western Australia.
ZKB ETF GOLD HOLDINGS -0.6% SINCE FEB 11; PLATINUM -0.2%
Gold holdings in the exchange-traded fund of Zurich Cantonal Bank, or ZKB, fell 0.6% in the eight days between Feb. 11-19, according to ZKB data Thursday.
PAN AMERICAN SILVER SWINGS TO 4TH-QUARTER LOSS ON WRITE-DOWN
Pan American Silver Corp. swung to a fourth-quarter loss as the Canadian mining company posted a large write-down, though higher gold and silver production boosted revenue.
MARKETS:
SPOT PLATINUM, PALLADIUM TUMBLE FURTHER; GOLD STEADIES
Platinum is on the slide for a second day on the European spot market Thursday, extending the previous session's losses as investors continue to liquidate long positions following recent gains.
- Write to Jaya Matta at jaya.matta@dowjones.com
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