Authorities estimate there are about 14,000 people currently involved in illegal mining in the country.
Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.
Under the agreement, the Papua New Guinea government paid Nautilus $7 million, which entitles it to a 15% stake in the project, with an option to increase it by another 15% in the next 12 months.
Despite the ongoing attack of the short-sellers, the fundamentals of gold and silver production are increasingly robust.
In three decades, the Philadelphia Gold & Silver Index has never declined four years in a row.
Toronto junior is up 46% this year and feasibility for Yaramoko improves on what was already one of the lowest cost and highest grade projects anywhere in the world.
The bottoming process for gold and silver shares has been arduous as they’ve oscillated back and forth for almost a year.
The new gold giant would have a market value of $33 billion, operations on five continents, and a gold output of well over 12 million ounces a year.
Vancouver junior is expanding summer drilling after step outs at recent Kinsley Mountain discovery returns 10.6 g/t over 30.0m, including 16.1 g/t over 16.5m.
Tension grows as the illicit miners keep evading government efforts to bring them into the formal economy.
Chile's massive copper mines will soon be part of a "Mining Tourism Route," to kick off in 2015.
Gold touches 2-month low as hedge funds continue to cut back on bullish positions and holdings in physical gold trusts fall to 4-year low.
New ratings from Goldman Sachs sees strong upside for Vancouver's B2Gold on top of 38% share price gain so far this year.
Gold has made its way down again, to around 1,300 per ounce this month. Rick Rule, Chairman of Sprott Global Resource Investments Ltd. says that a few years out, you will be happy you stuck with gold.
Even though the price of gold has fallen below the psychological level of $1330 an ounce, and while the mainstream media continues with its consistently negative coverage, demand for physical gold remains extremely robust in certain regions.
Erdene Resource owns the Altan Nar gold-polymetallic project, located in southwest Mongolia, 200 kilometres from the border with China.
"We stated from the beginning of this process that we would remain disciplined with respect to our offer to acquire Osisko"
Due to the lack of funding opportunities for low grade bulk tonnage Gold deposits
Gold smuggling into India has increased dramatically since the nation hiked its import duty on the yellow metal from 4% to 15% last year.
Talks between Barrick Gold Corp. and Newmont Mining Corp. over a deal that would have combined the world’s two largest gold producers may have broken down, but that doesn’t necessarily mark an end to their potential merger or consolidation among metals miners struggling to cope with challenges in the sector.
A Gallup survey shows Americans picked real estate as the cream of the the long-term investment crop. Their other choices were gold, stock and mutual funds, savings accounts and CDs, or bonds.
Very recently, we've been subtly shifting from producers and near-producers to advanced developers.
The move is considered by many a threath to Hong Kong’s transit role.
The English bank is planning to sell large parts of its metals, agricultural and energy business.
The Canadian province has experienced three relatively short-lived gold rushes over the past 150 years, but the persistent issue has been profitably. Now, the problem seems finally resolved.
The South American nation lost the title to China in 2012.
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