Gold News

Gold mining, investment and price news

Fresh bloodletting among gold mining stocks

Frik Els | July 27, 2015
Fresh bloodletting among gold mining stocks

Hedge funds bet record 340 tonnes the gold price will continue to fall as bears rip into majors – Barrick falls to 1989 level, Goldcorp at 11-year low.

Chinese gold imports cut in half

Frik Els | July 27, 2015
Chinese gold imports cut in half

Net June imports fall 48% from May as bargain hunters and safe haven buyers stay away despite stock market panic.

Australian firm wants Yukon Zinc's Wolverine mill

Frik Els | July 27, 2015
Australian firm wants Yukon Zinc's Wolverine mill

Brisbane-based Minquest says buying plant of bankrupt zinc miner could save it $150m–200m to bring nearby copper project into production.

Inflation Deniers Emboldened by Gold's Struggles

MoneyMetals.com | July 27, 2015

The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious …

Loonie headed to 75 cents by autumn:BMO

Business in Vancouver | July 27, 2015
biv loonie headed to 75 cents by autumn - bmo - 333

Canadians can expect the value of the loonie to drop even further this summer, reaching US$0.75 — or perhaps even lower — according to economists at BMO.

Six miners Dundee's Joseph Fazzini believes will weather the storm

The Gold Report | July 27, 2015
Taseko Mines weathers multiple storms

With ongoing volatility expected in the gold space, mostly owing to global economic weakness, investors should focus on quality gold names with three key attributes to weather the current metal price environment, explains Joseph Fazzini.

Visual Capitalist

INFOGRAPHIC: The relative value of $100 in every American state and county

Visual Capitalist | July 27, 2015
Stock data over one hunder dollar bills, showing good result

Here we look at which states and counties get the best "bang for the buck", and which are the most expensive

China’s biggest one-day stocks drop in eight years lifts gold prices

Cecilia Jamasmie | July 27, 2015
China’s biggest one-day stocks drop in eight years lifts gold prices

Monday’s was the biggest one-day decline in Chinese stocks since an 8.8% drop on Feb. 27, 2007.

Underground gold miner ordered to stop production by BC gov't

Michael Allan McCrae | July 27, 2015
british_columbia map shutterstock

Banks Island Gold accused of pollution spills

Absurd gold-stock levels

Gold stocks suffered a full-blown panic this past week! This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold.

The nickel price can only go up

Frik Els | July 26, 2015
The nickel price can only go up

This trailblazing company is ahead of the game in the fastest growing region in the world.

Can India come to gold's rescue?

Andrew Topf | July 26, 2015
India’s gold imports to restart next week

“The enquiries among the consumers, mostly women, are increasing."

Jordan Roy-Byrne – The Daily Gold

Gold miners nearing rebound

Taziast gold mine 333

As we pen this on Thursday evening it appears Friday could be a nasty day if Gold breaks below $1080/oz. Nevertheless, the odds now favor a rebound in the weeks ahead and especially in the gold miners.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

New study: Costs of permitting delays to mining projects

National Mining Association | July 24, 2015
Colleen - Approved, permit, granted, seal of approval, stamped, permission granted 333

Study shows half of a mining project's value can be lost due to permitting delays.

US mining policy and global competitiveness

National Mining Association | July 24, 2015
Seven familiar names shortlisted to head Anglo American

Mark Fellows, director of metals consulting at SNL Metals & Mining, explains why permitting delays happen, what they’re costing our economy and how to fix it.

Mining firms should act now to stay ahead of local content rules

Achilles | July 24, 2015
Mining firms should act now to stay ahead of local content rules

Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.

One week – 23 tonnes: What next for world's top gold ETF

Frik Els | July 23, 2015
One week – 23 tonnes: What next for world's top gold ETF

With the financial crisis fading into history what role could "marquee product for gold investment" SPDR Gold Shares (GLD) play?

How a China-US one-two punch floored gold price

Frik Els | July 23, 2015
How a China-US one-two punch floored gold price

New research by WGC shows massive amounts of bullion were dumped in Shanghai and New York precisely at the same time dropping gold by 4.3%.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Ned Goodman resigns from Barrick Gold board

Cecilia Jamasmie | July 23, 2015
Ned Goodman resigns from Barrick Gold board

He will focus on a new business venture in resources and other hard assets, said Barrick.

About 10% of global gold output being produced at a loss

Cecilia Jamasmie | July 23, 2015
About 10% of global gold output being produced at a loss

While gold was moderately higher in early U.S. trading Thursday analysts agree the whole industry is on a bit of “a knife-edge.”

Newmont results shows it pulling away from peers

Frik Els | July 22, 2015
Newmont sticks to gold output targets, slashes costs

World's second largest gold miner ups 2015 production to 5.2m–5.5m ounces after second quarter earnings jump 30% and costs fall 14%.

RBC's Gero: Distortion in gold market

Frik Els | July 22, 2015
RBC's Gero: Distortion in gold market

Precious metals strategist at RBC Capital Markets says selloff in gold was sparked by one large trade, rather than any sea change in the fundamentals.

Gold price in worst losing streak since 1996

Frik Els | July 22, 2015
Gold price in worst losing streak since 1996

Could fall back to triple digits this year predicts Goldman Sachs.

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