Gold News

Gold mining, investment and price news

‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

Cecilia Jamasmie | April 24, 2015
‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.

Barrick faces fresh opposition to executive pay plan

Cecilia Jamasmie | April 24, 2015
Barrick facing fresh opposition to executive pay plan

The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.

Newmont Mining earnings are 50 pct higher in Q1

MINING.com Editor | April 23, 2015
newmont q1 gold

Outlook is unchanged.

Barrick changes plan to halt Zambia mine over royalties row

Reuters | April 23, 2015

Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties.

Kyrgyz minister stepping down over failure to settle Kumtor mine issues

Cecilia Jamasmie | April 23, 2015
Kyrgyz minister stepping down over failure to settle Kumtor mine issues

Prime Minister Joomart Otorbaev resigned after hours of heated debate in parliament over the government’s performance last year.

One killed at protests against Tia Maria copper project in Peru

Cecilia Jamasmie | April 23, 2015
One killed at protests against Tia Maria copper project in Peru

Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.

Chile to fine Barrick over ten new environmental violations

Cecilia Jamasmie | April 23, 2015
Chile to fine Barrick over ten new environmental violations

The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.

What Björn Paffrath is advising to institutional and high net-worth investors

The Gold Report | April 22, 2015
Gold price jumps $1,200

In general, he says investors want well-managed, low-cost producers with moderate headline risk that can run for one or two more years at lower gold prices.

Mick Davis tells investors to stay away from coal, Africa

Cecilia Jamasmie | April 22, 2015
Mick Davis tells investors to stay away from coal, Africa

When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.

China’s secret gold stockpile may be world’s 2nd biggest

Bloomberg | April 22, 2015

The People's Bank of China may have tripled its gold stockpile since April 2009, when it last gave an official number, which Bloomberg Intelligence estimates to be 3,510 metric tons, second to United States 8,133.5 tons of gold.

Morgan Stanley remains bearish on gold for next 2 years

Shanghai Metals Market | April 22, 2015

Greece’s uncertain future in the eurozone, global quantitative easing, loose monetary policies and continued demand out of Asia will all provide much needed support for the gold market, but these factors might not be enough to create another bull market, said Morgan Stanley.

AME BC pleased with federal budget 2015

AMEBC | April 22, 2015
AMEBC pleased with federal budget

“We are very pleased to see the federal government’s commitments to extend the Mineral Exploration Tax Credit through March 2016 and to expand the eligibility of Canadian exploration expenses,” says David McLelland, Chair of AME BC

Central banks to keep buying gold – RBC

Mineweb | April 21, 2015

RBC forecast appetite for gold by central banks, mostly in emerging markets, to hit 275 tonnes this year as compared to 409 tonnes last year.

Over 240 mining and energy projects waiting for investors in Cuba

Cecilia Jamasmie | April 21, 2015
Over 240 mining and energy projects waiting for investors in Cuba

Cuba, the world’s sixth largest nickel producer and one of the top 10 nickel mining countries, also holds significant deposits of other minerals and oil, new U.S. Geological Survey report shows.

Why Kal Kotecha is still sticking with his New Year's resolution

The Gold Report | April 21, 2015

Kal Kotecha, founder and editor of Junior Gold Report, says now is the time to be buying resource stocks, especially gold equities.

VIDEO: Imperial Metals posts Hazletine Creek clean-up work

Michael Allan McCrae | April 20, 2015
mt polley Hazeltine Creek rehabilitation imperial metals

The company has submitted plans to restart the mine.

Are gold and silver mining stocks in position to move higher?

NASDAQ OMX | April 20, 2015

Although trading within a relatively narrow trading range since last October, the PHLX Gold/Silver Sector Index (XAU) now appears to be basing out and may be in position to make a solid move higher.

Slow start to year for gold miners

Financial Post | April 20, 2015

The first-quarter earnings season, which kicks off for the senior gold miners later this week, is traditionally the sector’s weakest quarter of the year, and 2015 should be no different.

Tsilhqot’in leader wins $175,000 environmental prize

Business in Vancouver | April 20, 2015
Taseko Mines buying Curis Resources for Arizona copper project

Marilyn Baptiste, a Tsilhqot’in First Nation councillor who was on the front lines in the fight against the Prosperity and New Prosperity mine is in San Francisco has received an international environmental award worth $175,000.

‘Perfect’ 100-carat diamond goes under Sotheby's hammer

Cecilia Jamasmie | April 20, 2015
‘Perfect’ 100-carat diamond goes under Sotheby's hammer

The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday

One year-old Kibali mine already looks to its future

Randgold Resources | April 20, 2015
Image courtesy of Randgold Resources.

The ongoing search for additional reserve ounces at Kibali will secure its future as a long-life mine and one of Africa’s largest gold producers, Randgold Resources chief executive Mark Bristow said.

Irish Kenmare sends S. African miners in Mozambique home over xenophobia

Cecilia Jamasmie | April 20, 2015
Irish Kenmare sends S. African miners in Mozambique home over xenophobia

The decision follows a similar move by Sasol, which repatriated Friday 340 of its employees working on projects in the Southeast Africa nation for their own safety.

Phoenix mine on target for production mid-year

Andrew Topf | April 19, 2015
ontario_canada

Rubicon Minerals (TSX:RMX) advanced 4.5 percent on Friday after the company released an update on its Phoenix Gold Project in Red Lake, Ontario.

Hudbay picks up fourth Manitoba mine

Andrew Topf | April 19, 2015
Lalor, Hudbay

Hudbay Minerals (TSX, NYSX:HBM) has purchased the idled Snow Lake project in Manitoba, adding to its stable of properties in the Canadian province of Manitoba.

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

Big pension funds join Barrick board pay spat

Frik Els | April 17, 2015
Big pension funds join Barrick board pay spat

Three of the world's largest pension funds are voting against execs upping salaries 36% to more than $1m a month while the company stock sinks.

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