London gold benchmark fixes $12/oz off spot price

Section:

By Peter Hobson and Jan Harvey
Reuters
via Nasdaq.com, New York
Tuesday, April 11, 2017

LONDON -- London's gold price benchmark fixed some $12 below the spot price on Tuesday afternoon as the auction appeared to become locked in a downward spiral.

From an initial $1,265.75, close to the spot price at the time, the auction price ratcheted steadily lower before fixing at $1,252.90 in the ninth round. From the fifth round to the eighth the bid and offer volumes remained frozen, unable to match.

Data on the website of the auction's administrator, Intercontinental Exchange, showed that only five banks took part in the auction on Tuesday afternoon, out of 14 officially accredited participants. ...

... for the remainder of the report:

http://www.nasdaq.com/article/corrected-officiallondon-gold-benchmark-fi...



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K92 Mining is producing much more gold than planned


Company Announcement
Wednesday, March 1, 2017

K92 Mining Inc. is pleased to report that mining production has shown a steady ramp up over the last three months with ore tonnes mined being over 50 percent above budget in January while contained gold ounces were almost 20 percent above budget.

The company mined more than 8,000 ore tonnes by February 24 and is on target to achieve 10,000 tonnes by month end, which is 40 percent above February budget. The increased ore production is in part due to significant lower-grade ore being identified outside the planned ore envelope, which was identified by our ongoing grade-control program, highlighting the importance and success of this program. ...

... For the remainder of the announcement:

http://www.k92mining.com/2017/03/k92-provides-operational-update/



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