Gold News

Gold mining, investment and price news

Apple buying a third of world’s gold to meet demand for iWatch

Cecilia Jamasmie | February 26, 2015
Apple buying a third of world’s gold to meet demand for iWatch

Interest in the high-end model, featuring 18-karat gold casing, is picking up.

Poor provincial grade disputed by BC mining group

Cecilia Jamasmie | February 26, 2015
poor-provincial-ranking-disputed-by-bc-mining-group

The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.

Mark Bristow have never seen this in 30 years

Kitco | February 26, 2015
CEOca Mark Bristow

"Never have I seen an opportunity like I feel is appearing in the market for M&A before, in 30 years."

Is Goldcorp throwing in the towel in Argentina?

Kitco | February 26, 2015

Goldcorp CEO Chuck Jeannes talks about the company’s Cerro Negro mine in Argentina, which was hit hard by over $2 billion in impairment charges.

China plans Shanghai-HK gold link-up in 2015

Gulf Daily News | February 26, 2015
Gold price snaps losing streak as Chinese buyers return

China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West.

UPDATED: The world's top 10 gold producers

Vladimir Basov | February 26, 2015
UPDATED: The world's top 10 gold producers

Number one Barrick Gold's output drops in 2014, but fellow Canadian firm Agnico Eagle adds 30% to production ounces.

European investor Olivier Tielens: In a sideways gold market, explorers offer the most upside

The Gold Report | February 25, 2015
Canadian juniors delisting

It is a wonderful thing for miners to increase production and cut costs, says private investor Olivier Tielens.

Massive drop in mining exploration funding in Western Australia, survey finds

ABC News | February 25, 2015

Mining companies in Western Australia have massively reduced their exploration budgets, a new survey has found.

Greek govt. vows not to touch Eldorado’s mine

Cecilia Jamasmie | February 25, 2015
Greek govt. vows not to touch Eldorado’s mine

But it is going ahead with a thorough review of permits related to a proposed processing plant at the site.

Visual Capitalist

INFOGRAPHIC: Silver series – who controls the world's supply (part 2 of 4)

Visual Capitalist | February 25, 2015
silver_coins shutterstock

Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs). This makes silver very difficult to find. To understand silver supply, we must first discover how economic silver deposits form.

Where is the smart money going in mining? Lawrence Roulston's answer may surprise you

The Mining Report | February 25, 2015

Forget all the doom and gloom you hear about junior miners, says Lawrence Roulston, president of Quintana Resources Capital ULC.

South Africa drops out of top 10 in Africa for mining investment

Frik Els | February 24, 2015
South Africa drops out of top 10 in Africa for mining investment

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.

CHARTS: Gold vs Fed debt shows fair price today is $1,800

Frik Els | February 24, 2015
Gold price drifts lower after Fed sticks to taper

The Buffet indicator shows how unsustainable is the stock market rally. $18 trillion in easy Fed money shows how undervalued gold is.

Cecilia Jamasmie

BHP pins hopes on spin-off South32

Cecilia Jamasmie | February 24, 2015
BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Maine’s mining rules review may open door to Canadian gold, copper project

Cecilia Jamasmie | February 24, 2015
Maine’s review to mining rules may open door to Canadian gold, copper project

Canada's J.D. Irving Ltd. hopes to build a massive open-pit copper and gold mine at the state's Bald Mountain.

Junior mining investment model on life support

Business in Vancouver | February 24, 2015
life-support-machine

Industry fears too many juniors chasing too few dollars will equal too few new mines.

Canada’s Saskatchewan second only to Finland as world’s top mining destination

Cecilia Jamasmie | February 24, 2015
Canada’s Saskatchewan second only to Finland as world’s top mining destination

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

Hedge funds raise bearish gold price bets by 44%

Frik Els | February 24, 2015
Hedge funds raise bearish gold price bets by 44%

Large scale speculators in gold futures added massively to short positions – bets that prices will fall – ahead of Greek bailout deal.

Sliding output could drop Barrick to no 4 gold miner

Frik Els | February 23, 2015
Sliding output could drop Barrick to no 4 gold miner

Barrick's production dropped by over 1m ounces last year and a new report predicts further steep declines by 2020.

Otterburn target K92 receives mining lease renewal notification from Barrick Gold Corp

Otterburn Resources Corp. | February 23, 2015

Otterburn Resources Corp. (“Otterburn”) (TSX.V: OBN) is pleased to announce that K92 Holdings International Limited (“K92”) has received notification from Barrick Gold Corp (“Barrick”) that the Kainantu Mine mining lease renewals sought by Barrick’s wholly owned subsidiary Barrick Kainantu Limited (“BKL”) have been obtained.

Coal miners jailed for Mongolia tax evasion seek pardon

Frik Els | February 23, 2015
Coal miners jailed for Mongolia tax evasion seek pardon

US citizen Justin Kapla and two Philippine nationals sentenced to 5 – 6 years in jail while working for coal miner SouthGobi appeal to Mongolian president.

Modest tailwinds could blow life into mining equities in 2015: Shane Nagle

The Gold Report | February 23, 2015
Sandvik sees global mining equipment demand picking up

In this interview with The Gold Report, Nagle selects some promising precious metals stories, along with his two top picks in the base metals space.

All workers rescued at Harmony's mine, but profit to take a hit

Cecilia Jamasmie | February 23, 2015
All workers rescued at Harmony's mine, but profit to take a hit

The mine, Harmony's single largest gold producer, will likely remain closed for an indefinite period while a probe is held.

Zambia eases tax rules, to start refund talks on a ‘company-by-company basis’

Cecilia Jamasmie | February 23, 2015
Zambia eases tax rules, to start refund talks on a ‘company-by-company basis’

The new rules only apply to future payments and not amounts already owed.

Gwen Preston - Resource Maven

Understand the big picture. Profit from the details

Gwen Preston - Resource Maven | February 23, 2015
CW Women in mining business, boardroom, office - 333

Play the cards on the table. Investors who buy based on the same principles whether the overall picture is bull, bear, or lull will lose.

Beware the stock bear!

Adam Hamilton - Zeal Intelligence | February 23, 2015

The US stock markets’ latest record highs have left traders exceedingly euphoric and complacent. They are utterly convinced this stock bull will power higher for years to come.

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