Vancouver's Turquoise Hill lowers output estimates for Mongolian mine to 600,000oz–700,000oz of gold and 175,000t–195,000t of copper in concentrates.
The company that owns the Mount Polley mine near Williams Lake will be allowed to repair the tailings dam before the government has finished its reviews into the cause of its partial collapse.
Timmins Gold (TSX: TMM; NYSE: TGD) has been looking at Goldgroup Mining’s (TSX: GGA) Caballo Blanco project in Mexico for a couple of years now, and has finally inked a deal to acquire 100% of the asset.
Despite the government removing restrictions on gold imports late past month, imports of the precious metal have not picked up because of a supply glut.
Russia’s surprise interest-rate increase failed to stop the plummeting ruble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold.
$9.5bn KSM project in British Columbia boasts reserves of 38m ounces of gold and nearly 10bn pounds of copper – mining 130,000 tonnes a day for 52 years.
According to the legislators, international mining companies —mainly from Australia, Canada and the U.K— are using the forced labour of Eritreans in their operations.
The gold and silver stocks have put in a bullish weekly reversal but Gold and Silver have not confirmed it.
The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.
With oil prices having halved in the last six months, together with the attendant currency destabilisation, there have been significant transfers of value through derivative positions, so large that financial instability may result.
Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians. But this despised sector’s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits.
This week has been extremely volatile for oil, currencies and stock markets. Against this background gold and silver have drifted sideways to slightly lower, which given the dollar’s strong performance is almost a positive result.
Compared to December 2013, bullish bets by large speculators in gold futures are three times higher going into 2015.
Vancouver-based junior jumps 8.5% after hitting targets for re-start of 100%-owned Caribou zinc-lead-copper-silver-gold mine in New Brunswick, Canada.
Find out in today's infographic, covering Barron's recent survey of 10 top analysts on what is to be expected in 2015.
I have long argued that gold would bottom around the all-in cost of production and this would provide price support. This is because as the price drops below the cost to produce, miners will be forced to shut down or suspend operations.
The Canadian giant had earlier said it would consider such a move in the event the new tax regime was approbed.
After some three years of disappointment, 2015 promises to be a good year for gold investors.
Huge advances in all sectors from potash and uranium to copper and gold led by a 10% surge in diversified Canadian heavyweight Teck Resources.
But the damage could've been much worse.
Rosy GDP numbers may have cheered the masses, but John Williams of ShadowStats.com says we're a long way from prosperity.
The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.
As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.
Credit Suisse downgrades world's number on gold miner citing risks posed by $13 billion debt and permitting, tax challenges.
Small reduction in global gold miners' hedge book during the third quarter.
He seeks the "sizzle," or the narrative, in mining equities because the sizzle moves the story.
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