Gold production is expected to start in September from Anglo Asian Mining’s Ugur gold deposit in the Republic of Azerbaijan. Anglo Asian Mining has produced gold from its flagship Gedabeck mine since May 2009, but estimates the newly explored area's total mineral resource at 199,000 ounces of gold and 1,049,000 ounces of silver, with proven plus probable reserves of...
The Chinese appetite for Australian gold is worth $11 billion annually, according to the Perth Mint. Chinese investors are buying more than 230 metric tons of Australian gold bullion, worth $11 billion, on the Shanghai Gold Exchange every year, the Perth Mint announced.
While overall gold demand, at 953.41 metric tons worldwide, during the second quarter of calendar year 2017 was 10 percent lower compared to the same period in 2016, bar and coin demand was up 13 percent for the same period. The figures are from World Gold Council's latest report, dated Aug. 3.
The United States Mint will start selling American Eagle palladium coins to authorized purchasers in September, Acting Principal Deputy Mint Director David Motl told Coin World on Aug. 1.
The Precious Metals Association of North America offered testimony before the House Committee on Ways and Means asking for a change in the Internal Revenue Code and how precious metals are taxed.
How much gold and silver is stored in London vaults? The London Bullion Market Association knows and recently released details of the holdings in the city. The amount is measured in metric tons for both precious metals.
A new silver bullion coin celebrates a ruler in a galaxy “far, far away...” — the Galactic Empire of Star Wars fame. The 1-ounce .999 fine silver $2 coin struck by the New Zealand Mint for Niue celebrates the movie villain Darth Vader.
The Royal Canadian Mint has issued a new silver bullion coin celebrating the grey wolf. The 2017 Howling Wolf $2 coin contains three-fourths of an ounce of silver and is the third issue in a series of this size silver bullion coin celebrating the wolf. The series began in 2015.
Platinum hasn’t been trading higher than gold in nearly three years, and there’s no indication that it will bounce back anytime soon, a market analyst reports.
The Pobjoy Mint on July 18 announced that, due to trademark infringement, it would remove the legend containing the word BRITANNIA on its 2017 Reverse Proof .999 fine silver 1-ounce bullion coins minted for the Falkland Islands, but 7,329 coins of the initial version have been issued.