Gold News

Gold mining, investment and price news

Massive gold nugget for sale in California

Cecilia Jamasmie | October 22, 2014
Massive gold nugget for sale in California

It's expected to fetch in the $400,000 range.

Worldwide nonferrous metals exploration budgets down 25% in 2014

SNL Metals & Mining | October 22, 2014

According to data compiled for the forthcoming 25th edition of SNL Metals & Mining's Corporate Exploration Strategies study, the estimated worldwide total budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.

El Salvador gold mine dispute to be decided in the U.S.

EFE | October 22, 2014

The fate of the El Dorado gold mine won’t be resolved anywhere near this tiny Central American country. Rather, it’s being weighed by a three-judge tribunal on the fourth floor of the World Bank headquarters in Washington.

Newcrest on target to produce 2.5 million ounces of gold

Australian Mining | October 22, 2014

Newcrest has slashed operating costs at its Cadia Valley operations as commercial production commenced at its newly built panel cave two.

Gold miners' outstanding forward sales jump 61 pct in Q2— report

Reuters | October 22, 2014
Sandstorm Gold gains on record sales

The volume of gold sold forward by mining companies jumped 61% in the second quarter after Russia's Polyus Gold added a major new hedge position, an industry report showed on Wednesday.

Opportunities but also challenges for Africa’s gold-producing countries

Randgold Resources | October 22, 2014
mark bristow

Randgold Resources chief executive Mark Bristow argues that the looming undersupply of gold will create opportunities for mineral-rich African countries but they will have to compete aggressively for shrinking exploration dollars.

INFOGRAPHIC: Here is why you should buy $100 worth of gold and silver

MoneyMetals.com | October 22, 2014
INFOGRAPHIC: Here is why you should buy $100 worth of gold and silver

Most people have the sense that the dollar isn’t worth what it used to be, but they may not grasp what this means in real terms.

INFOGRAPHIC: The most entrepreneurial US immigrants

Visual Capitalist | October 21, 2014

It might not surprise you to know that the most common migrant entrepreneurs in the US by absolute numbers are Mexicans, Indians, Koreans, Cubans, and Chinese.

Fortress Minerals to acquire Fruta del Norte project for US$240 million

Michael Allan McCrae | October 21, 2014
front dump truck mining

Changing its name to Lundin Gold.

Euromax Resources announces US$175 million gold streaming agreement with Royal Gold

Euromax Resources | October 21, 2014

Euromax Resources has entered into a $175 million deal ith RGLD Gold, to finance the next stages of development and construction of the company's Ilovitza copper-gold project in the Macedonia.

Greenland explorer tearing it up after assays

Frik Els | October 21, 2014
Greenland explorer tearing it up after assays

Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.

Vancouver junior jumps after bulking up West Africa project

Frik Els | October 21, 2014
True Gold jumps after bulking up Burkina Faso project

Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project.

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

Gold price: ETF investors, hedge funds catch up to rally

Frik Els | October 20, 2014
Gold price: ETF investors, hedge funds catch up to rally

Physical gold-backed ETFs enjoy inflows for the first time in five weeks,while hedge funds add to bullish positions after eight weeks of reductions.

An ebola Armageddon could trigger a rebirth in gold and silver prices: Eric Sprott

The Gold Report | October 20, 2014
Gold, silver prices rise as dollar retreats

Could an infectious disease kill the monster that has been choking gold and silver prices for more than a year?

Global unions converge in Mongolia in campaign for Rio Tinto workers’ rights

IndustriALL Global Union | October 20, 2014

Leaders of IndustriALL Global Union’s Rio Tinto Network will gather in Mongolia on 22 October to plan the next moves in the worldwide campaign to improve worker rights at the mining giant.

Barrick comes home

Barrick is ‘coming home’ to the state that helped make the company : Nevada.

Gold Fields Q3 2014 guidance update

Gold Fields Limited | October 20, 2014

Gold Fields remains on track to achieve its production guidance for the full-year 2014, of approximately 2,200,000 ounces of gold equivalent production.

One of these five companies will run the gold fix

Cecilia Jamasmie | October 20, 2014
One of these five companies will run the gold fix

Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

In wake of Mount Polley, union wants new BC safety regime

The Tyee | October 19, 2014

The union representing many miners in B.C. is warning about worker safety in the industry.

Why SLV is now a great investment

Seeking Alpha | October 19, 2014

With the iShares Silver Trust (NYSEARCA:SLV) at $16 and change and falling, the precious metal is a pretty unpopular investment right now. But it's actually one of the best buying opportunities in the last 10 years.

Jordan Roy-Byrne - The Daily Gold

Leading indicators for gold’s turnaround

It’s safe for the time being but we believe that Gold will ultimately break back below $1200 and below $1100 before the end of the already long in the tooth bear market.

Extreme PM shorting peaks

The world’s financial markets are changing dramatically with the Federal Reserve on the verge of ending its third quantitative-easing campaign.

CHART: Gold price vs dollar shows true extent of rally

Frik Els | October 17, 2014
CHART: Gold price vs dollar shows true extent of rally

Based on past performance of the gold price relative to trade-weighted dollar index, gold should be touching $1,000 an ounce now.

Gold benefits from market uncertainty

GoldMoney | October 17, 2014
Resource market in good shape feat

After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped.

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