Junior Mining News

Asia Gold-Price dip lends lustre, India buying robust ahead of festivals

By Reuters MUMBAI/BENGALURU, Sept 7 (Reuters) – Physical gold buying picked up pace in major Asian centres this week as lower prices fuelled appetite for the metal, with India seeing healthy demand ahead of the festive season despite a rise in domestic rates to a two-month high. In India, the world’s second-biggest consumer of the

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Record gold/silver shorts!

By Adam Hamilton – Zeal Intelligence Gold and silver were thrashed this past summer, relentlessly pounded to deep new lows. That has fueled extreme bearishness, with traders convinced the precious metals’ fundamentals are rotten. But epic all-time-record futures short selling by speculators was the real culprit. These unprecedented shorts must soon be covered with proportional

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Perth Mint unveils Australia’s most expensive gold-diamond coin

By Cecilia Jamasmie Australia’s Perth Mint has unveiled this week the most expensive collector coin in the country’ history — a diamond-encrusted treasure valued at $2.5 million ($1.8m). Made of 99.99 percent pure gold, the coin features four rare Argyle pink and purplish-pink diamonds. The largest is 1.02 carat. Named the Discovery Gold Coin, its

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Tahoe resumes operations in Peru after protesters agree to talks

By Cecilia Jamasmie Precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) has resumed mining at La Arena gold operation in Peru eight days after protesters trespassed on its property and demanded payment for alleged environmental impacts on their community. The Canadian miner, which said locals are now willing to hold formal talks with the company, noted annual

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