Gold News

Gold mining, investment and price news

Copper price falls as Chile brings 1.6mt back on line

Frik Els | March 27, 2015
Copper price falls as Chile brings 1.6mt back on line

Copper down nearly 2% as torrential downpour that shut many of the country's biggest mines is not expected to impact oversupplied market.

Brent Cook: "You want to identify the people and properties that can last through this bottoming period"

Sprott's Thoughts | March 29, 2015
brent cooke junior gold stocks

"The biggest mistake I see in the junior sector, is that the guys who are exploring…are just treasure hunting—a bunch of scientists out there on a treasure hunt, drilling holes, [just] to see what’s down there.”

Jordan Roy-Byrne – The Daily Gold

Support and resistance levels for gold, silver & miners

The precious metals complex has established a floor of support over the past five months. For Gold it is around $1150/oz and for Silver it is around $15.50/oz.

Central Banks paralysed

GoldMoney | March 28, 2015
bank vault door 3d view from safety room

Though the Fed would deny it, it is clear from the minutes of the last Federal Open Market Committee (FOMC) meeting that a rise in interest rates has been put off indefinitely.

FOMC minutes turned the tide

GoldMoney | March 27, 2015

The Commodity Futures trading Commission’s (CFTC) Commitment of Traders Report released last Friday conveniently shows the positions of trading categories the night before the FOMC minutes were released.

$60 billion for mining private equity a myth

Frik Els | March 26, 2015
$60 billion for mining private equity a myth

Looking for an exit or a lifeline? Look further says $8 billion fund manager.

Gold price leaps past $1,200 on safe haven buying

Frik Els | March 26, 2015
Gold price leaps past $1,200 on safe haven buying

Gold price jumps nearly 2% as Egypt gets involved in Yemen conflict, but resurgent dollar cuts into gains in New York trading.

PHOTOS: Black market gold

Frik Els | March 26, 2015
PHOTOS: Black market gold

Email offer with pics of "perennial supply" of "superior quality" bars and dust. Seems legit…

Congo’s planned mining code changes 'too risky': miners

Cecilia Jamasmie | March 26, 2015
Congo’s planned mining code changes 'too risky': miners

The country's Chamber of Mines says the new code would send the mining industry back by at least 10 years.

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

Cecilia Jamasmie | March 26, 2015
JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

Study: Dollar gyrations to light fire under gold price

Frik Els | March 26, 2015
Study: Dollar gyrations to light fire under gold price

Amid the greenback's best run since 1970s new WGC study reveals gold prices rise twice as much when dollar weakens versus declines during USD strength.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Ralph Aldis: How the five principles of capital allocation can mean gold mining success

The Gold Report | March 25, 2015
gold's gain pared by good u.s. data feat

Everyone loves good management, but Ralph Aldis, portfolio manager with U.S. Global Investors, argues that few in the mining industry understand that the proper allocation of capital and the valuation of assets are the two criteria that separate the winners from the losers.

Gold price just short of $1,200 as 'cautious optimism' returns

Frik Els | March 25, 2015
Gold price just short of $1,200 as 'cautious optimism' returns

Weaker dollar helped gold price add to gains on Wednesday, but stronger demand fundamentals are also boosting the metal says HSBC in new report.

Gwen Preston - Resource Maven

Exciting days at the bottom

codelco 200 million revamp mines feat

The broad bottom is in – and well settled in, seemingly, with at least another summer of sideways markets ahead. But time isn't a bad thing.

Vancouver zinc miner faces fines in Yukon

Business in Vancouver | March 25, 2015
India to auction 54 coal mines

At the end of January, the company announced it was placing the mine in care and maintenance, citing a commodity price crash, and earlier this month was forced to seek creditor protection.

Gold technical chart turns bullish

Gold Stock Bull | March 25, 2015

Precious metals have rebounded strongly over the past week, following comments from the Federal Reserve.

This Easter bunny has diamond eyes. Oh, yes, and it costs $49K

Cecilia Jamasmie | March 25, 2015
This Easter bunny has diamond eyes. Oh, yes, and it costs $49K

It took a world-renowned master chocolatier, cocoa from Tanzania, two solitaire diamonds and some gold to create this extravagant and expensive chocolate Easter bunny.

CHART: Gold-silver ratio nearing trend reversal

Frik Els | March 24, 2015
CHART: Gold-silver ratio nearing trend reversal

When the ratio is falling as it is now, both silver and gold usually go up.

A look at Lake Shore Gold’s maiden 144 Gap Zone Opportunity

Mining Feeds | March 24, 2015

Once a chronic underperformer, in Q3 2013, Lake Shore Gold completed a central mill expansion, which some analysts consider the start of the company’s turnaround. 

Local law firm hits junior miner with $1 million lawsuit

Business in Vancouver | March 24, 2015
Contract gavel mining

Vancouver’s Petaquilla Minerals Ltd. (OTCBB:PTQMF) continues to stockpile financial troubles – the latest being a $1 million lawsuit from a local law firm over unpaid legal bills.

Casey gathers top gold experts to share secrets for making money in any market

The Gold Report | March 24, 2015
Gold Bar

When the bears are attacking and "stuckholders" are looking for shelter, that is the time to call on the experts who have found a way to make money in up and down years.

Sprott’s Whitney George: Investors turn to indexes, ETFs, leaving "lots of unloved, inexpensive stocks out there"

Sprott's Thoughts | March 24, 2015

Whitney George has joined Sprott, bringing over two value-oriented funds currently with around $285 million in assets.

Freeport axes dividend by 84% amid weak commodity prices

Cecilia Jamasmie | March 24, 2015
Freeport axes dividend by 84% amid weak commodity prices

The copper and gold miner will pay a dividend of 5 cents.

Putting Uganda on the global mining map

Diana Taremwa Karakire | March 24, 2015
Watchdog censors mining firms in Uganda for ignoring locals’ rights

Following a $75m national mineral survey, Uganda has proposed a wide range of tax breaks ahead of a planned mining and exploration licensing round.

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

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