SEOUL, Dec. 29 (Korea Bizwire) — Gold has posted stellar returns this year, data showed Sunday, as an economic slump, a lengthy Sino-American trade row and other downside risks chilled the stock market and stoked investors’ flight to safety. According to the data compiled by Daishin Securities, the retail price of 1 don of pure [...]
SEOUL, Jun. 17 (Korea Bizwire) — Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to [...]
EDMONTON, Alberta, Nov. 19 (Korea Bizwire) — Benchmark Metals Inc. (the “Company” or “Benchmark”) (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – is pleased to announce drill-hole assays from the infill and shoulder sampling program of historical drill-core at the Lawyers Gold & Silver Project, located in the Golden Triangle region of British Columbia, Canada. Selected [...]
QUÉBEC CITY, Apr. 11 (Korea Bizwire) — Komet Resources Inc. is delighted to have generated record gold sales of CA$1,354,000 in the first quarter of 2018, with a production cash cost of CA$1,038,000 for 27.5 kilos of gold from the Guiro mine located in Burkina Faso. This occurs after only two quarters of operation since [...]
QUEBEC CITY, Jan. 30 (Korea Bizwire) — Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce a gold discovery 4km from the Guiro mine and the development of a new unmined shoot at the mine. New Gold Zone Komet geologists’ verification of three 40m deep gold diggers’ shafts, located about 4km northeast of [...]
VANCOUVER, British Columbia, Nov. 14 (Korea Bizwire) — Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (TSX:SBB) reports the financial results for the quarter ended September 30, 2017. “With the positive recommendation received from the Nunavut Impact Review Board (“NIRB”) in July, the third quarter of 2017 saw a milestone de-risking event for the [...]
SEOUL, Sept. 4 (Korea Bizwire) — According to the Korea Gold Exchange, 194 silver bars weighing one kilogram each were sold in the morning hours after the sixth nuclear test conducted by the North on Sunday. The exchange also added that it typically sells around 20 silver bars every day. The price for a silver [...]
SEOUL, Apr. 17 (Korea Bizwire) — A rise in geopolitical risks surrounding North Korea’s nuclear and ballistic missile provocations is causing a surge in gold prices and fueling trade in the precious metal, the local exchange said Sunday. According to the Korea Exchange (KRX), a gram of gold was trading at 46,840 won (US$41), up [...]
SEOUL, Feb. 6 (Korea Bizwire) – South Korea logged a net outflow of gold not held as foreign reserve assets for the first time in four years in 2016, central bank data showed Monday. The balance of trade in non-monetary gold was valued at a surplus of US$265 million last year, according to data by [...]
INCHEON, Dec. 29 (Korea Bizwire) – The Korea Customs Service announced Thursday that gold smuggling has risen rather dramatically since 2011, with 99 cases last year worth 9.1 billion won ($7.5 million) in total value. According to the KCS, inbound gold smuggling cases dropped following the 2008 financial crisis, from ten cases (33.2 billion won) [...]