Gold News

Gold mining, investment and price news

Zijin Mining, Gold Fields among final bidders for Barrick's Australian gold mine

Cecilia Jamasmie | May 22, 2015
Zijin Mining, Gold Fields among final bidders for Barrick's Australian gold mine

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South Wales' mine and Papua New Guinea’s Porgera.

Cecilia Jamasmie

Struggling Argentina expects US$14 billion in mining exports

Cecilia Jamasmie | May 21, 2015
Struggling Argentina expects US$14 billion in mining exports

The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.

'Lean and Mean' is the secret to junior mining equity success: Thibaut Lepouttre

The Gold Report | May 21, 2015
CW Women in mining business, boardroom, office - 333

In this interview with The Gold Report, Lepouttre talks at length about some of his favorites inside and outside the gold space.

A mining investor’s guide to toll milling in Peru

CEO.CA | May 21, 2015
peru 400

Mining engineer Jamie Keech travels to Peru to learn about the toll milling business model that a lot of juniors are embracing.

Mali's mining earnings drop on lower gold production, prices

Reuters | May 21, 2015

Mali's earnings from its gold-dominated mining sector slipped by around six percent to just under 206 billion CFA francs ($350.60 million) last year due to a drop in output and lower prices for the precious metal.

AfroCan resources gold accelerating development of high-grade small ore bodies in Sub-Saharan Africa and Papua New Guinea

AfroCan Resources Gold Ltd advises that it has embarked upon the acquisition of a Tanzanian property with 112,000 oz inferred resource

One Canadian fund made a $700m bet on gold

Frik Els | May 20, 2015
One Canadian fund just made a $700m bet on gold

Q1 filings show Toronto asset manager CI Investments poured $700 million into world's top gold-backed ETF while Credit Suisse upped its investment 4-fold.

Pending Argentine poll has potential to reverse economy and attract global mining investment

Field Public Relations | May 20, 2015
Vale halts $6 billion potash project in Argentina

As Argentina heads into its turbulent President election in October, a senior economic forecaster visiting Australia says the poll will fuel renewed interest in that country’s mining sector – but also raise the spectre of its uncertain post poll financial framework.

BHP to pay $25 million in 2008 Beijing Olympics bribery probe

Cecilia Jamasmie | May 20, 2015
BHP to pay $25 million in 2008 Beijing Olympics bribery probe

The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.

EU lawmakers surprise with vote on ‘blood metals’ ban

Cecilia Jamasmie | May 20, 2015
EU lawmakers surprise with vote on ‘blood metals’ ban

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

BitGold disrupts financial services

CEO.CA | May 20, 2015
The great gold, silver ETF year-end liquidation sale

Bitgold has taken Canada's capital markets by storm since it debuted last week.

B2Gold secures new US$350 million revolving credit facility

B2Gold | May 20, 2015

On May 20, 2015, the Company signed a credit agreement with a syndicate of international banks for a new Revolving Credit Facility (the "New RCF") for an aggregate amount of $350 million.

Traders warn on gold liquidity as banks stay away

Another lawsuit against London gold fix banks

A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.

Gold price drops 1.5% from 3-month high

BullionVault.com | May 19, 2015

Gold prices fell sharply against a surging Dollar in London on Tuesday, retreating 1.5% from yesterday's 3-month highs as the US currency jumped after weak European inflation data were followed by strong US housing numbers.

Gwen Preston - Resource Maven

Eight picks from four experts

In two weeks, four of today’s top experts in the metals and mining sector are gathering at the inaugural Metals Investment Forum to introduce some of their best bets for profiting in the upcoming turnaround.

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

Oil sands stakeholder gives Imperial Metals a $25 million helping hand

Cecilia Jamasmie | May 19, 2015
Oil sands stakeholder gives Imperial Metals a $25 million helping hand

The loan will be used for the development of the company's Red Chris gold and copper mine in northwest British Columbia.

Will China finally announce its gold holdings?

SmarterAnalyst | May 19, 2015

China is not trying to destroy the old boys’ club — they are trying to join it

Turquoise Hill rockets on Oyu Tolgoi funding deal

Frik Els | May 18, 2015
Turquoise Hill rockets on Oyu Tolgoi funding deal

Shares in Vancouver firm up 12% after parent Rio Tinto and Mongolia sign landmark deal to fund $5 billion underground expansion of giant copper-gold mine.

Nordgold ups gold output 26% to 267koz

MINING.com News | May 18, 2015

Seven out of Nordgold’s nine mines achieved a year-on-year production increase, with double digit growth at Bissa, Lefa, Berezitovy and Neryungri.

India's physical gold demand likely to remain subdued in near term: Barclays

Platts | May 18, 2015

Looking at current trends Barclays analysis suggests that India's physical gold demand is likely to be subdued going forward, unless there's a correction in local prices, the bank said Monday.

Gold price at 3-month high after stock market warning

Frik Els | May 18, 2015
Gold price at 3-month high after stock market warning

Bank of America warns of "cleansing drop" in asset prices and advises investors stuck in "Twilight Zone" to add to gold holdings.

Europe set to adopt voluntary conflict mineral law

Frik Els | May 18, 2015
Europe set to adopt own conflict mineral law

Providing proof of origin of tin, tantalum, tungsten, and gold near conflict zones voluntary under law to be adopted this week.

Why Ricardo Carrión and Alberto Arispe are optimistic about mining in Peru

The Gold Report | May 18, 2015
Miners back to work at Peru’s Antamina copper mine

Arispe and Carrión highlight the mining-friendly government, the new production from many sources and point to several juicy projects that lack only the means to further unlock Peru's mineral riches.

Platinum price at 6-week high on deficit predictions

Frik Els | May 18, 2015
Platinum price at 6-week high on deficit predictions

New report highlights falling mine supply outside of Southern Africa and increased jewelry demand from China.

China Gold cranks gold, copper production in Q1

Andrew Topf | May 17, 2015
Huge $16 billion gold deposit discovered in China

A doubling of mill processing capacity at the CSH Gold Mine in Inner Mongolia is credited for a 51 percent increase in gold production at China Gold International Resources Corp. (TSX:CGG) in the first quarter.

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