Bloomberg analyst says that investors find gold to be a better hedge against geopolitical risk than government bonds.

Orla said it had notified authorities of its intentions with the hope of motivating talks between the parties.

The latest US inflation reading offered some calm to markets a day after a hot price reading curbed bets.

It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals.

Over 500 constitutional challenges have been filed against the law, Mexico mining law expert Santiago Suarez Sevilla says.

Given its pricing and shipping costs, analysts with Wells Fargo wrote that it's likely a "very low-profit business at best."

Over a mine life of 10.5 years, Tocantinzinho is expected to produce 1.83 million oz. of gold.

A gauge tracking resources firms listed in Shanghai and Shenzhen has gained 10% in the past month.