Gold News

Gold mining, investment and price news

South African union rejects 13% pay hike; president threatens strike

Andrew Topf | August 2, 2015
South Africa’s main union rejects gold firms wage offer

The union representing about a third of nearly 100,000 gold miners in South African labour talks, has rejected an offer of a 13-percent pay rise.

Centerra swings back into profit

Northern Miner | August 2, 2015

Centerra Gold (TSX: CG) posted a profit in the second quarter, amid a sea of red for gold miners hurt by lower commodity prices.

Lucky strike eludes colourful B.C. stock promoter

Business in Vancouver | August 2, 2015
Frank Callaghan celebrated the pouring of Barkerville Gold’s first gold bar last year just days before resigning as CEO | Submitted

Frank Callaghan has won praise for his persistence, but critics question his expenditures (Second in a two-part feature on Barkerville Gold Mines)

Final permit for new $750m BC gold mine

Frik Els | July 31, 2015
Pretium jumps on final permit for $750m BC gold mine

Shares in Vancouver's Pretium Resources jump on news construction of super high-grade Brucejack gold-silver mine near Alaska border can now start.

West Africa gold miner surges after stellar quarter

Frik Els | July 31, 2015
West African gold miner surges after stellar quarter

Endeavour Mining shares jump 10% after Vancouver firm slashes debt as mines in Cote d'Ivoire, Mali, Burkina and Ghana mines throw off cash.

Peruvian police burns down entire illegal gold mine town

Cecilia Jamasmie | July 31, 2015
Peruvian police burns down entire illegal gold mine town

The action has triggered severe criticism, with many are accusing authorities of an excessive use of public force.

Charts of the day: Spot gold price and Gold Bugs Index

Smart Money Tracker | July 31, 2015

I think it's time for gold to throw the shorts a curveball. By that I mean the bears have gotten way to comfortable, and selling every rally has become "easy money".

Wage negotiations in S. Africa’s gold sector to end next week

Cecilia Jamasmie | July 31, 2015

South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.

Mining companies, regulators deathly silent after midnight raid on gold prices

MoneyMetals.com | July 31, 2015

Following a dramatic midnight raid on gold prices last week, Mike Gleason reached out to Chris Powell, Secretary Treasurer at the Gold Anti-Trust Action Committee to discuss possible gold price manipulation.

Barrick sells 50% of Zaldivar for $1 billion cash

Frik Els | July 30, 2015
Barrick sells 50% of Zaldivar for $1 billion cash

Family-controlled Antofagasta is surprise buyer of Chile copper mine.

Platinum price: New round of industrial action

Frik Els | July 30, 2015
Platinum price: New round of industrial action

Amid worst slump in over six years, ruling party of South Africa calls shaft closures and layoffs "unpatriotic" as unions gear up for another brutal fight.

BMO's Andrew Kaip: The gold majors are back

The Gold Report | July 30, 2015

In this interview with The Gold Report, Kaip names two seniors as Sector Outperformers, and touts the virtues of a half-dozen undervalued near-term gold and silver producers.

Visual Capitalist

INFOGRAPHIC: The origin of the Greek crisis

Visual Capitalist | July 30, 2015
Thousands march in Greece against Eldorado Gold projects

Today's giant infographic does an excellent job summing up the crisis from beginning to end – it's the only infographic you need to understand it all.

Peter Schiff - Euro Pacific Capital

The euro isn't dead

While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro.

Goldcorp slashes dividend 60% amid dire gold market

Cecilia Jamasmie | July 30, 2015
Goldcorp axes dividend

The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.

Privacy implications of the extractive sector transparency measures act

Dentons Canada LLP | July 30, 2015

Analysing the privacy impact of legislation, and the legitimacy of that impact, requires first to focus on the objective and scope of that legislation.

The cheapest entry point into cheap gold

Frik Els | July 29, 2015
The cheapest entry point into cheap gold

Wall Street legend Jim Grant says it's a Krugerrand and he's "very bullish indeed" on the gold price.

Kinross shares soar ahead of results

Frik Els | July 29, 2015
Kinross shares soar ahead of results

World's fifth largest gold miner reports decline in production, $83m net loss and a rise in costs but $1 billion in cash will please investors.

Banks Island Gold pushes back against media reports

Michael Allan McCrae | July 29, 2015
banks island gold media reports

Not closing and the spill was not toxic.

Nautilus Minerals: Vessel dewatering plant detailed design contract awarded

Nautilus Minerals Inc. | July 29, 2015
Nautilus

Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.

About 30,000 fresh job cuts, more mine closures expected in Australia

Cecilia Jamasmie | July 29, 2015
About 30,000 fresh job cuts, more mine closures expected in Australia

A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.

New chapter in controversial Barkerville Gold saga

Business in Vancouver | July 29, 2015
inside-vintage-gold-mine-with-trolley- 333

Following last year’s resignation of founder and former CEO Frank Callaghan, the company brought in a new CEO – Tom Obradovich, a key player in Aurelian Resources Inc., which was acquired by Kinross Gold Corp. (TSX:K) – and is now trying to write a new chapter in the Barkerville saga.

Gold mining restarts near remote town in Western Australia's north

ABC News | July 29, 2015

The Kimberley town, which sparked the late 1800s Western Australian gold rush, is seeing a rebirth of the industry.

Randgold continues to invest in Loulo

Randgold Resources | July 29, 2015

Randgold Resources is gearing up to take over the underground mining operations at Loulo’s Yalea and Gara mines in line with its continuing drive to reduce costs and develop a multi-skilled Malian mining team.

Gold to dip below $1,000 by end of the year – report

Cecilia Jamasmie | July 29, 2015
Gold to dip below $1,000 by end of the year – report

Gold is doomed. That seems to be the message being deliverd by several analysts who predict prices for the metal will hit fresh historic lows by the end of 2015.

Catastrophic mine waste spills increasing in frequency, severity and cost world-wide

EarthWorks | July 29, 2015

On 1st anniversary of North America’s worst mine waste disaster, failures shown to be global trend attributable to industry & regulatory failure to implement best practices.

More »