SEOUL, May 6 (Korea Bizwire) — Gold funds in South Korea have shined over the past three months on investors’ flight to safety amid the coronavirus pandemic, but oil funds have fared dismally on tumbling crude prices, a market tracker said Wednesday. The three-month average return of 12 local gold funds with assets of 1 [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s exports of gold surged to over a seven-year high in February as demand for safer assets increased amid a market rout triggered by the new coronavirus, the Bank of Korea (BOK) said Wednesday. Outbound shipments of gold for non-monetary use came to some US$290 million in the [...]
SEOUL, March 19 (Korea Bizwire) — Gold funds in South Korea have posted dismal returns over the past month amid falling gold prices due to the coronavirus scare, data showed Thursday. Local gold funds with assets of 1 billion won (US$796,000) or more registered an average return of minus 12.45 percent over the last one-month [...]
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 [...]