Gold News

Gold mining, investment and price news

Mining stocks fall as copper, iron ore price reach new lows

Frik Els | January 24, 2015
Mining stocks fall as copper, iron ore price reach new lows

Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.

Percentage of mining workers under a salary freeze is double the Canadian average

Michael Allan McCrae | January 24, 2015
salary freeze mining

But only one percent of miners expect a wage freeze in 2015.

Centerra a step closer to moving gold project in Mongolia forward

Cecilia Jamasmie | January 23, 2015
Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Gwen Preston - Resource Maven

Busy days

Gwen Preston - Resource Maven | January 23, 2015
Rising costs feat

Gold is running, thanks to Switzerland, Europe, and fundamentals. Gold equities are rising and news is flowing. It's busy days.

World Bank: Commodities falling like it's 1985

Frik Els | January 23, 2015
World Bank: Commodities falling like it's 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

GRAPH: Gold price vs bond buys shows limits of QE

Frik Els | January 22, 2015
GRAPH: Gold price vs bond buys shows limits of QE

Don't expect Europe's QE bazooka to lift gold prices much says new report.

Brent Cook: don't buy crap

CEO.CA | January 22, 2015
2014 junior mining forecasts with top analyst picks

At the Cambridge House Vancouver Resource Investment Conference this past Sunday and Monday, we had the chance to ask respected mining analyst Brent Cook for his outlook on the sector for which he is best known.

Draghi trillions drag gold price past $1,300

Frik Els | January 22, 2015
Draghi's trillions launches gold price past $1,300

European central bank's historic $1.3 billion stimulus package convulses markets and trigger new wave of safe haven buying of gold.

Turkey’s gold imports down, but bullion still ‘key’ to the local economy — WGC

Cecilia Jamasmie | January 22, 2015
Turkey’s gold imports down, but bullion still ‘key’ to the local economy — WGC

Despite the rosy picture painted by the industry body, official figures show that Turkey bullion imports more than halved last year.

Meet the new CEO of Klondike Gold Corp. So far, he’s doing all the right things.

CEO.CA | January 22, 2015
Man sitting on top of mountain.

Tallman has extensive experience, both as a geologist and a businessman.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Will 2015 break this ‘dry spell’ for new discoveries? — Steve Todoruk

Sprott's Thoughts | January 22, 2015

You might not realize it, but we’re living through an exceptionally slow period for exploration.

Meet the new gold – your deflation hedge

Frik Els | January 21, 2015
Meet the new gold – your deflation hedge

Chart of gold option trading reveals what the Swiss bombshell did for bullion.

Fortuna Silver slumps 9% despite impressive drilling in Mexico

Frik Els | January 21, 2015
Fortuna Silver slumps 9% despite impressive drilling in Mexico

Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.

Eldorado Gold down 18% on awful outlook

Frik Els | January 21, 2015
Eldorado Gold down 18% on awful outlook

Vancouver gold miner forecasts minimum 80,000oz dip in output this year even as costs at mines in Greece, Turkey and China surge as much as 28%.

Gabriel Resources says Romania holding gold project 'hostage'

Cecilia Jamasmie | January 21, 2015
Gabriel Resources says Romania holding gold project 'hostage'

The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.

Gold climbed past the $1,300 mark for first time in five months

Cecilia Jamasmie | January 21, 2015
Gold climbed past the $1,300 mark for first time in five months

But it lost its gains right after two ECB officials said policy makers would propose purchasing 50 billion euros in assets per month through the end of 2016.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

Swiss franc farce may be gold price tipping point

Frik Els | January 21, 2015
Swiss franc farce may be gold price tipping point

Past policies of the Swiss National Bank towards gold backfired badly. But last week's fiat money fiasco could be the real game changer.

Shares in first California Mother Lode mine in 55 years soar 180%

Frik Els | January 20, 2015
Shares in first California Mother Lode mine in 55 years soar 180%

TSX-Venture junior Sutter Gold Mining cannot explain the sudden surge in more than 10-times usual trading volumes.

Gold price goes for $1,300

Frik Els | January 20, 2015
Gold price goes for $1,300

Six-month high on safe haven buying as European worries roil markets.

Peter Schiff - Euro Pacific Capital

Switzerland wins as its central bank surrenders

If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity.

Which commodity horses will be up and which down on Joe Reagor's merry-go-round?

The Mining Report | January 20, 2015
man-watching-stock-market-screen-333

Metals are like horses in a merry-go-round, believes Joe Reagor of ROTH Capital—as some rise, others fall.

Tahoe’s Escobal silver mine output at high end of 2014 expectations

Cecilia Jamasmie | January 20, 2015
Tahoe’s Escobal silver mine output at high end of 2014 expectations

The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).

Taseko, Wilderness Committee square off in court

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

Wilderness Committee is in court this week defending itself against a defamation suit over the New Prosperity Mine.

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