Gold News

Gold mining, investment and price news

Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene

Cecilia Jamasmie | May 29, 2015
Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene

The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.

Wealthy Chinese head abroad to buy diamonds without scrutiny

Bloomberg | May 29, 2015

ealthy Chinese who made their country into the world’s second-biggest market for diamonds are now increasingly traveling abroad to buy the stones, at a time when ostentatious purchases are frowned upon at home.

CFSI enables companies to comply with new EU Conflict Minerals rules

CF2

Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach

Junior producers riding exploration success to reratings: Raj Ray

The Gold Report | May 28, 2015
Global exploration budgets down 29% in 2013

In this interview with The Gold Report we learn that it's not enough for junior gold producers to have strong management teams running thrifty, efficient operations.

Euro-sclerosis

GoldMoney | May 28, 2015

There appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency.

Eurozone is no bargain market, despite higher gains in US: David Stevenson, Fleet Street Letter

Sprott's Thoughts | May 28, 2015
European Union flag

Rip-roaring market valuations in the US are supported by ever-expanding corporate and government debt.

Life hasn’t come back to Canada’s mining sector just yet — report

Cecilia Jamasmie | May 28, 2015
Life hasn’t come back to Canada’s mining sector just yet — report

Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.

Austria plan to repatriate gold not linked to Brexit talk: Nowotny

Reuters | May 28, 2015

Decision said to reflect trend among central banks.

Swiss gold exports to China drop 67% in April

Mineweb | May 28, 2015
China's top gold firm talking to Barrick, has Friedland 'hotline'

Exports dropped by around 67% in April to just 15.1 tonnes.

INFOGRAPHIC: Lunar gold rush — How moon mining could work

911Metallurgist | May 28, 2015

Across history, human development has relied upon the finite resources available on Earth. But the moon – a seemingly barren rock – may actually be a treasure trove of rare resources vital to Earth’s future.

Chile regulator seeks sanctions against Lundin’s Candelaria mine

Cecilia Jamasmie | May 27, 2015
Chile regulator seeks sanctions against Lundin’s Candelaria mine

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

Commodities’ biggest drop of 2015 underscores Goldman bear view

Bloomberg | May 27, 2015
Gold price just short of $1,200 as 'cautious optimism' returns

Commodities fell, heading for the biggest two-day selloff since November, as speculation over rising U.S. interest rates fueled a rally in the dollar.

SocGen's Bache deal a sign of commodity woes

MarketWatch | May 27, 2015

Société Générale SA is picking apart Bache–a commodities house and the last link to a historic Wall Street name–in another sign of how trading in raw materials has fallen on hard times.

Romania opens door to new gold, copper project led by Canadians

Cecilia Jamasmie | May 27, 2015
Romania opens door to new gold, copper project led by Canadians

This is first time Romania grants a mining license without the involvement of a state-owned enterprise.

Gold has two major hurdles to overcome

Interest rate rises in the US and money printing by other nations, Japan, UK, Europe, etc.; both support the US$ and put downward pressure on gold.

China to launch $16bn gold investment fund

Cecilia Jamasmie | May 26, 2015
China to launch $16bn gold investment fund

The entity will be run by a new company to be established by gold producers and financial institutions.

Cecilia Jamasmie

China’s Zijin inks deals with two Canadian firms on the same day

Cecilia Jamasmie | May 26, 2015
China’s Zijin grabs stake in two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Barrick sells 50% in Papua New Guinea unit to China's Zijin

Cecilia Jamasmie | May 26, 2015
Barrick sells 50% in Papua New Guinea unit to China's Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

Yukon Premier Darrell Pasloski: Our goal is to be the number one mining location

The Gold Report | May 26, 2015
SCC won't hear Yukon's appeal over mining law

Pasloski talks about some companies advancing their projects in one of the world's top mining jurisdictions.

Peter Schiff - Euro Pacific Capital

The Fed considers a more seasoned approach

The problem hinges on the efficacy of the "seasonal' adjustments that are baked into the GDP methodology.

Optimism hampers adequate mine closure

MINING.com Editor | May 25, 2015
dr andy robertson mine closure 2015

"We need to recognize that post closure is forever."

Barrick sells Cowal mine to Evolution Mining for $550 million

Cecilia Jamasmie | May 25, 2015
Barrick sells Cowal mine to Evolution Mining for $550 Million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

Cecilia Jamasmie | May 25, 2015
State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.

Female worker dies in Canadian gold mine

Andrew Topf | May 24, 2015
map_ontario_shutterstock

A female employee was fatally injured in an accident at an underground gold mine in Ontario over the weekend.

Inaccurate statistics and the threat to bonds

GoldMoney | May 24, 2015

Statistics have become very misleading: in particular we are being badly misled into believing that the US is teetering on the edge of price deflation.

Precious metals rally consolidates

GoldMoney | May 22, 2015

Gold and silver rallied strongly last Friday and into Monday’s overnight trading (UK time) before spending the rest of the week drifting lower from initial highs to consolidate above notional support at $1200 and $17 respectively.

More »