David Quinlivan, President and CEO of Alacer, stated “Our mines had a strong finish to 2012 with our attributable gold production increasing to 103,426 ounces for Q4 2012, a 12,475 ounces (14%) increase over the previous quarter. Despite a challenging start to the year, the strong fourth quarter enabled the Company to substantially meet full-year production guidance on an aggregate basis.”

“Handelsblatt newspaper reports – following rumors to the effect that have been circulating for months – that Germany’s central bank will recall much its gold bullion stored in vaults around the world.

The Bundesbank is holding a news conference Wednesday morning where according to the paper it will announce a reshuffle of where it keeps its more than $180 billion worth of gold.

At the moment the US Federal Reserve stores 45% of the total 3,396 tonnes in Manhattan and some reports suggest that the Bundesbank want much of it back because the Fed refused German officials a viewing of the bullion a couple of months ago.” Read article

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