BofA says $1,500-$2,000 gold price feasible in long term

Gold and precious metals:  today’s 10 top stories 

• BofA Merrill Lynch said gold prices in a range of $1,500-2,000 per ounce could be feasible in the next five years
• Canadian miner Iamgold has announced a 150% increase in its annual dividend payment
• Lake Shore Gold of Toronto cuts high grade gold near Bell Creek
• Mega Precious Metals begins geophysical survey at Satterly Gold Project
• Troy Resources has found positive gold and silver results at its Casposo mine in San Juan
• Petropavlovsk (LON:POG) assured investors it remains on track to deliver on its 2011 production target
• The gold mining assets of failed South African junior miner Pamodzi Gold have been put up for sale
• Elementos (ASX: ELT) geophysics delineates new gold targets at Manantiales in Argentina
• Gold Fields to complete its R4.5bn acquisition of the minority stakes in the company’s Tarkwa and Demang mines in Ghana by the end of this week
• Integra Mining (ASX: IGR) has intercepted near surface gold deposits at its Majestic mines