Gold News

Gold mining, investment and price news

China’s Zijin hands $298 million to partner Barrick Gold

Cecilia Jamasmie | August 31, 2015
China’s Zijin hands $298 million to partner Barrick Gold

The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.

South Africa seals mining jobs deal, proposes platinum plan | Reuters

Reuters | August 31, 2015

South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.

Resolute Mining ups gold reserves by 12%, to 5.3M oz

Andrew Topf | August 30, 2015
Mali

The news played well on the Australian stock exchange, with investors bidding up the stock 4 percent on Friday to 25 cents a share.

Currency wars detonate; gold refuses to budge

Tactical Investor | August 30, 2015

Over the years we have frequently stated that every that every major bull market will experience at least one back-breaking correction.

Jordan Roy-Byrne – The Daily Gold

Gold: Bullish in real terms, bearish in nominal terms

mainly bronze bull looking at bear on street - 333

Gold’s performance in real terms can be a leading indicator for the sector at key turning points.

Power shortages, cost cuts to hit Congo’s copper output

Cecilia Jamasmie | August 28, 2015
Power shortages, cost cuts to hit Congo’s copper output

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.

Economics of a crash

GoldMoney | August 28, 2015

For the moment investors are in shock, seeking reassurance and keenly intent on preserving their diminishing assets, instead of reflecting on the broader economic reasons behind it.

Silver sold, then squeezed

GoldMoney | August 28, 2015

While gold consolidated its recent gains, silver was sold down this week along with other metals and energy.

Indonesian mining – attractive, not always easy

Project Monitor | August 28, 2015

The Tujuh Bukit project reflects both the attractions and difficulties facing foreign companies working in Indonesia's mining sector.

Gold no longer a safe haven asset

Frik Els | August 27, 2015
Gold no longer a safe haven asset

Speculators ruined gold's safe haven reputation long ago – this week's tepid response to the market panic is the just the latest example says new report.

Indian gold demand to see four-year high in 2015 second half

Business Standard | August 27, 2015

Gold demand in India is likely to hit a four-year high between July and December on strong demand from the jewellery sector according to World Gold Council.

Freeport-McMoRan cuts spending, production and jobs: shares soar

Cecilia Jamasmie | August 27, 2015
Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

Visual Capitalist

INFOGRAPHIC: It's time to pile back into gold stocks

Visual Capitalist | August 27, 2015
Royal Mint launches online dealing account … in gold

Today we share with you five charts that summarize why gold stocks have never been cheaper.

Why a Fed rate hike could be a blessing for gold prices: Brien Lundin

The Gold Report | August 27, 2015
bank finance

Like a true contrarian, Gold Newsletter publisher Brien Lundin looks beyond the headlines to understand what is really moving precious metals prices.

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

Cecilia Jamasmie | August 27, 2015
Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.

Greek court hands legal win to Eldorado Gold over halted mine

Cecilia Jamasmie | August 27, 2015
Greek court hands legal win to Eldorado Gold over halted mine

The verdict, however, doesn't allow the company to resume operations at its gold-copper Skouries mine.

About 80% of Colombia’s gold output comes from illegal miners — Gov't

Cecilia Jamasmie | August 27, 2015
About 80% of Colombia’s gold output comes from illegal miners — Gov't

Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.

Frik Els

Iron ore still in a bull market. What does it say about China?

Frik Els | August 26, 2015
Iron ore is still in a bull market

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Dalio says Fed may make ‘tiny’ rate hike before resuming QE

Bloomberg | August 26, 2015

Ray Dalio, the billionaire founder of Bridgewater Associates, said he expects the U.S. Federal Reserve to resume quantitative easing even if it first raises benchmark rates by a fraction of a percent.

Gold futures settle lower for third straight day

MarketWatch | August 26, 2015

Gold futures settled Wednesday at their lowest level in just over a week after falling for a third straight session, as a jump in U.S. equities and strength in the dollar lured investors away from the precious metal.

One way Chinese investors are coping with stock rout

Frik Els | August 26, 2015
One way Chinese investors are coping with stock rout

New statue depicting the bull's triumph over the bear is drawing crowds and raising eyebrows.

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Imminent verdict in case that blames Acacia of partner’s mine permit loss

Cecilia Jamasmie | August 26, 2015
Imminent verdict in case that blames Acacia of partner’s mine permit loss

An arbitration tribunal is set to decide in October whether Acacia Mining has to pay a $115 million compensation claim to a former partner in Tanzania.

Cecilia Jamasmie

EPA under fire for failing to comply with mine spill probe

Cecilia Jamasmie | August 26, 2015
EPA under fire for failing to comply with mine spill probe

The Congress-led investigation aims to determine the agency’s role in triggering a 3-million-gallon toxic spill into Colorado’s Animas River on Aug. 5.

Stillwater plunges as palladium price is decimated

Frik Els | August 25, 2015
Palladium price decimated

Palladium price drops 8% to five year low, crushing shares in only US PGM miner.

Chinese gold imports rise 48%

Frik Els | August 25, 2015
Chinese gold imports rise 48%

Hong Kong customs data show a rebound in number two gold importing nation.

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