Gold News

Gold mining, investment and price news

Avalanche kills Centerra Gold’s Kumtor mine worker

Cecilia Jamasmie | September 30, 2014
Avalanche kills Centerra Gold’s Kumtor mine worker

Another person in serious conditions.

Demand for physical gold remains strong as bullion banks suppress prices.

David Levenstein | September 30, 2014

September has been a poor month for precious metals. Gold is down 5.2%, despite it being gold’s strongest month from a seasonal perspective.

Spotted: Gold Lamborghini Aventador Zooming Around Paris Fashion Week

Forbes | September 30, 2014

Clothing might be the the draw, but this year it’s a car that’s stealing the spotlight during Paris Fashion Week.

Gold production: Too much of a good thing?

Russia Today | September 30, 2014

Russian gold producers may need to reduce their mining operations to prevent prices from falling further as the result of an increase in supply on the market.

In pictures: Guinea's artisanal gold miners

bbcnews | September 30, 2014

See how the precious ore is hacked and shovelled from pits and tunnels, while miners deal with the unregulated use of highly toxic mercury.

Newmont ships first copper from Indonesia in eight months

Cecilia Jamasmie | September 30, 2014
Newmont ships first copper from Indonesia in eight months

30,000 tonnes of copper concentrate were sent out Monday.

London Metal Exchange raises fees by a third

Cecilia Jamasmie | September 30, 2014
London Metal Exchange raises fees by a third

This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.

Jay Taylor urges investors to stay liquid for the coming gold boom

The Gold Report | September 29, 2014
What’s next for gold?

Jay Taylor doesn't beat around the bush—he believes the price of gold is being suppressed to support the U.S. dollar and underwrite American foreign policy.

Large investors, retail buyers abandon gold market

Frik Els | September 29, 2014
Large investors, retail buyers abandon gold market

Holdings in gold-backed ETFs fall to five-year low while hedge funds cut bullish bets on the gold price 20% to lowest since January.

Singapore kilobar gold trading to debut mid-Oct

Cecilia Jamasmie | September 29, 2014
Singapore kilobar gold trading to debut mid-Oct

Moves seeks to establish Singapore as centre for precious metals after the government removed 7% goods and services tax on investment-grade gold, silver and platinum in October 2012.

Imperial’s cleanup plan underway for Mount Polley mine dam breach, but questions remain

Vancouver Sun | September 28, 2014
Mount Polley disaster

With 24 million cubic metres of water and tailings flushed downstream of the Mount Polley gold and copper mine, the company’s biggest challenge now is to keep the remaining tailings and water contained.

Gold price tipping point threatens mining operations

Globe and Mail | September 28, 2014

The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations.

China spurns gold, adding to price woes

Andrew Topf | September 28, 2014
china dragon gold

The slump in the gold price that has occurred in recent months shows no signs of letting up, and the latest import data from China will not give any joy to gold bugs.

$1200 for gold underpinned by physical demand

GoldMoney | September 28, 2014

This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon.

Major stock selloff looms 2

Adam Hamilton - Zeal Intelligence | September 26, 2014

Since early 2013 the US stock markets have done nothing but rally, levitating thanks to the Fed’s oft-implied backstop.

Miners ordered to hand back land to natives in Colombia

Cecilia Jamasmie | September 26, 2014
Miners ordered to hand back land to natives in Colombia

The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.

Rick Rule: I think we’re seeing a bullish transition In the junior gold miners

Sprott Group | September 26, 2014

Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a transition…a transition that doesn’t suggest, but rather screams that [junior resource issues are] under accumulation—which is a very, very bullish sign.”

Rio Tinto-Mongolia deal on Oyu Tolgoi expansion 'days away'

Frik Els | September 26, 2014
Oyu Tolgoi’s first international copper, gold shipment on its way to China

We've heard this before.

PC Gold Completes Acquisitions of Additional Mining Claims

Marketwired | September 26, 2014

PC Gold Inc. has completed all of its previously announced acquisitions of additional mining claims adjacent to its Pickle Crow gold project in the Patricia Mining Division, Ontario.

Valuing gold and turkey farming

GoldMoney | September 26, 2014

Today’s financial markets are built on the sand of unsound currencies.

Canadian researchers modernize solar power with nano gold technology

Cecilia Jamasmie | September 26, 2014
Canadian researchers modernize solar power with nano gold technology

Scientists have discovered that a small molecule created with just 144 atoms of gold can increase solar cell performance by more than 10%.

World Gold Council bullish on demand, ETFs role

Cecilia Jamasmie | September 26, 2014
World Gold Council bullish on demand, ETFs role in the market

Industry body sees demand rising as economic growth lifts consumers’ incomes.

Peru tames a $2 Billion rogue industry

Resource News Report | September 26, 2014

Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.

Gold smuggling into India hits new record highs

Cecilia Jamasmie | September 26, 2014
Gold smuggling into India hits new record highs

About 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days.

INFOGRAPHIC: A year's extraction of metal shown next to landmarks and cities

Visual Capitalist | September 25, 2014
A years extraction InfoGraphic Penn2

For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

BHP freezes executive pay

Frik Els | September 25, 2014
BHP Billiton cuts spending by 25%

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

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