Gold News

Gold mining, investment and price news

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.

Two countries you might be surprised to find Hallgarten's Chris Ecclestone likes now

The Gold Report | December 15, 2014
Canadian juniors regain allure: GoGold floats offer for B.C. firm

In this interview with The Gold Report, Ecclestone explains that canny juniors are choosing past-producing properties, which boast dependable resources estimated by majors and already existing infrastructure. And he names two current gold producers he believes are woefully undervalued.

Newcrest, Harmony set to build one of the world's lowest-cost gold mines

Cecilia Jamasmie | December 15, 2014
Newcrest, Harmony set build one of the world's lowest-cost gold mines

The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.

Peter Schiff - Euro Pacific Capital

Black gold loses glitter

The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments.

Newcrest outlines plans for US$2.3 billion PNG gold mine

Wall Street Journal Online | December 15, 2014

Newcrest Mining Ltd. (NCM.AU) and Harmony Gold Mining Co. Ltd. (HAR.JO) will carry out a feasibility study for a possible new gold mine in Papua New Guinea that they forecast will cost US$2.3 billion to begin building, and which they say could start producing metal by the end of the decade.

Coeur Mining rumoured to take over Paramount Gold

Andrew Topf | December 14, 2014
Silver bars

Takeover rumours are swirling about a proposed buyout of Paramount Gold (TSX:PZG) by the United States' largest silver producer.

Gold price will regain its shine in 2015

The Market Oracle | December 14, 2014

Money managers Doug Loud and Jeff Mosseri of Greystone Asset Management say that if we haven't seen the bottom, we will soon.

Week ahead: Will Federal Reserve burst the bubble on Wednesday?

Forbes | December 14, 2014

There have always been skeptics concerning the current highs for stocks who argue the markets are juiced by cheap money — the unusually low interest rates being facilitated by the US Federal Reserve — as well as demand chasing a shrinking supply of shares and massive stock buy backs by public companies.

Top gold ETF sees second straight weekly inflow

Reuters | December 14, 2014

Gold edged lower on Friday as some buyers cashed in recent gains, but the metal remained on track for its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite, weighing on stocks.

Jason Hamlin - Gold Stock Bull

2014 silver eagle sales break annual record at over 43 million

Jason Hamlin - Gold Stock Bull | December 14, 2014

Investor demand for silver clearly remains strong and people are taking advantage of discount prices.

Steve Todoruk explains where he’s speculating now

Sprott's Thoughts | December 12, 2014
exploration geology mining

Mining companies will pay ‘top dollar’ for the next discovery that could be turned into a profitable mine.

Jordan Roy-Byrne - The Daily Gold

Precious metals starting to show bullish signs

Jordan Roy-Byrne - The Daily Gold | December 12, 2014

Relative strength in Gold has preceded important bottoms in the Gold price during 2001, 2005 and 2008. That relative strength is starting to show.

Spare dollars

GoldMoney | December 12, 2014

This week I look at another aspect of the dollar, which almost certainly will become a significant source of supply: a global shift out of it by foreign holders.

Major miner 'Divesting' out of China – CEO explains Eldorado's move

Sprott's Thoughts | December 11, 2014
china dragon gold

It is planning to partially divest itself of its Chinese assets, placing them into a new company listed in China, and partially owned by new Chinese investors.

Consolidating gold price prompts trickle into ETFs

Frik Els | December 11, 2014
Consolidating gold price prompts trickle into ETFs

Gold's resilience despite falling oil, recovering stocks and a robust dollar has enticed investors to return to ETFs after months of relentless outflows.

Here is what India needs to effectively manage gold demand — interview

Cecilia Jamasmie | December 11, 2014
Here is what India needs to effectively manage gold demand — interview

Somasundaram PR, Managing Director of the World Gold Council India, peels back the underlying weakness of India’s gold trade in an interview with MINING.com.

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