The governor of the Reserve Bank of ZimbabweJohn Mushayavanhu, this Thursday urged local, regional and international companies to accept the gold of Zimbabwe (ZiG), the country’s new currency, linked to gold and approved last Friday in an attempt to stabilize the economy of the African country. Mushayavanhu He assured, in statements to EFE, that there […]
Tag: gold
An Iranian finds gold in a trash can and returns it to its owner
An Iranian man was rummaging through the trash when he found a bag with gold and money equivalent to about $38,000, and went out of his way to find its owner and return it to him, a newspaper reported Monday. “My parents taught me that you have to return what belongs to others when you […]
IMF says that the possibility of selling gold to face emergencies is on the table
The managing director of International Monetary Fund (IMF), Kristalina Georgieva, pointed out this Tuesday that the possibility of her institution selling gold to face emergencies “It’s on the table”, although there is no consensus on the matter. “It is a topic where some of our members firmly believe that selling gold is really the last […]
Gold price reaches new historical figure: how much is it trading at and why?
Gold is a bright yellow precious metal known for its beauty and resistance to corrosion. It has been valued since ancient times, both for its use in jewelry and ornaments and for its role in the monetary system. It is found in nature in the form of nuggets, grains in rocks and in alluvial deposits. […]
Metal detector finds largest gold nugget ever found in England
A man specialized in metals came across the nugget of gold largest ever found in England after just 20 minutes of searching for these materials with its sensor, according to British media reports this Thursday. The lucky one is Richard Brock, 67, who has been using metal sensors in England for 35 years and found […]
Mining investment would grow 6%, but will remain below 2019
Mining investment would grow 6% this year, to around US$5 billion, although it would still be below pre-pandemic levels, estimated the Scotiabank Economic Studies Department. This recovery would be explained at the beginning in the construction of mostly brownfield projects (which are developed in the same place and in parallel to the main process). In […]
Poderosa expects to surpass 2023 results, but multiplies its security spending by 10
The Corporate Affairs Manager of Minera Poderosa, Pablo de la Flor, announced that this year the mine expects to produce close to 300,000 ounces of gold, despite the complicated situation in Pataz due to the constant attacks by illegal mining on its operations. Poderosa is Peru’s main gold supplier. Last year alone, it closed its […]
Gold rises on bets of Fed cuts in the first months of 2024
The gold prices rose on Tuesday for the third session due to the weakness of the dollar and the performance of the Treasury bondin a thin trading session, with traders considering an early start in 2024 for the cuts interest rates in United States. Spot gold gained 0.3% to $2,058 an ounce by 1510 GMT, […]
Moquegua: San Gabriel presents 14% progress in its construction, according to Buenaventura
Buenaventura Mines Company reported that the construction of its gold project Saint Gabriel (Moquegua) presents an advance of 14% at the end of the third quarter of 2023. In the first nine months of the year, the company has reported a net loss of US$28 million compared to the net loss of US$19.8 million in […]
Gold rises as Middle East conflict drives refuge demand
The price of gold rose more than 1% on Monday, as the military conflict between the forces Israelis and the Palestinian Islamist group Hamas increased political uncertainty in the Middle East, prompting safe-haven buying in investments such as bullion. Israel bombed the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for […]