Gold News

Gold mining, investment and price news

Oyu Tolgoi 2015 production forecast cut

Frik Els | December 20, 2014
Oyu Tolgoi 2015 production forecast cut

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.

Canada approves world's largest copper-gold project

Frik Els | December 19, 2014
Canada approves world's largest copper-gold project

$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.

UK legislators call for an end to forced labour in Eritrea mines

Cecilia Jamasmie | December 19, 2014
UK legislators call for an end to forced labour in Eritrea mines

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.

Jordan Roy-Byrne - The Daily Gold

Bullish reversal in miners but metals remain in question

Jordan Roy-Byrne - The Daily Gold | December 19, 2014
Gold and silver at 'historic undervaluation'

The gold and silver stocks have put in a bullish weekly reversal but Gold and Silver have not confirmed it.

Apple ‘deeply offended’ by BBC documentary on its suppliers exploiting children

Cecilia Jamasmie | December 19, 2014
Apple ‘deeply offended’ by BBC documentary on its suppliers exploiting children

The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.

Derivatives and mass financial destruction

GoldMoney | December 19, 2014
Wall street sign mining

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 shine in 2015

Adam Hamilton - Zeal Intelligence | December 19, 2014
Record gold-stock summer feat

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.

Relative calm for PMs in wild markets

GoldMoney | December 19, 2014

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.

CHART: Hedge funds won't put money on 2015 gold slide

Frik Els | December 18, 2014
CHART: Hedge funds won't put money on 2015 gold slide

Compared to December 2013, bullish bets by large speculators in gold futures are three times higher going into 2015.

Trevali surges on polymetallic mine restart

Frik Els | December 18, 2014
Trevali surges on polymetallic mine restart

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.

Visual Capitalist

INFOGRAPHIC: what's ahead in 2015 – a survey of Wall Street's top analysts

Visual Capitalist | December 18, 2014
Mad scramble for gold stocks

Find out in today's infographic, covering Barron's recent survey of 10 top analysts on what is to be expected in 2015.

Jason Hamlin - Gold Stock Bull

U.S. gold production declined 7% during first 9 months of 2014

Jason Hamlin - Gold Stock Bull | December 18, 2014

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.

Barrick to halt Lumwana mine in Zambia after tax hike

Cecilia Jamasmie | December 18, 2014
Barrick halts Lumwana mine in Zambia after tax hike

The Canadian giant had earlier said it would consider such a move in the event the new tax regime was approbed.

Gold: the year ahead

Jeffrey Nichols - Rosland Capital | December 18, 2014
gold's gain pared by good u.s. data feat

After some three years of disappointment, 2015 promises to be a good year for gold investors.

Mining stocks rally across the board

Frik Els | December 18, 2014
Mining stocks rally across the board

Huge advances in all sectors from potash and uranium to copper and gold led by a 10% surge in diversified Canadian heavyweight Teck Resources.

Gold price weakens on US rate decision

Frik Els | December 17, 2014
Gold price weakens on US rate decision

But the damage could've been much worse.

John Williams: a downhill run for the dollar in 2015

The Gold Report | December 17, 2014
Soap bubbles on blue sky

Rosy GDP numbers may have cheered the masses, but John Williams of ShadowStats.com says we're a long way from prosperity.

Anglo American Platinum offered $385 million for stake in Bokoni mine

Cecilia Jamasmie | December 17, 2014
Anglo American Platinum offered $385 million for stake in Bokoni mine

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.

Coeur Mining acquires Paramount Gold and Silver for $146 million

Cecilia Jamasmie | December 17, 2014
Coeur Mining acquires Paramount Gold and Silver for $146 million

As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.

Harsh words on Barrick Gold prospects

Frik Els | December 16, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Credit Suisse downgrades world's number on gold miner citing risks posed by $13 billion debt and permitting, tax challenges.

Gold hedging activity remains subdued

Frik Els | December 16, 2014
Maniuplation gold market

Small reduction in global gold miners' hedge book during the third quarter.

Be bold and seek the sizzle, says VSA Capital's Paul Renken

The Mining Report | December 16, 2014
mining open pit

He seeks the "sizzle," or the narrative, in mining equities because the sizzle moves the story.

Deep-sea mining pioneer now hunts for resources in space

Cecilia Jamasmie | December 16, 2014
Deep-sea mining pioneer now hunts for resources in space

Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.

HK exchange to start gold trading in Shanghai

China Daily | December 16, 2014

Members of the century-old Chinese Gold & Silver Exchange Society in Hong Kong should be able to start trading the yellow metal in Shanghai from March next year, allowing them to tap into mounting demand on the Chinese mainland, the world's leading gold consumer.

Gold price sinks below $1,200

Frik Els | December 15, 2014
Gold price sinks below $1,200

Down 2.5% in one of the worst trading days of the year.

UK company sells gold, silver refineries after 162 years

Frik Els | December 15, 2014
UK company sells gold, silver refineries after 162 years

Johnson Matthey sells refineries in US and Canada to metal recycler for $184 million in cash.

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