Gold News

Gold mining, investment and price news

Illegal gold mining expands in South Africa at sky-high rates: report

Cecilia Jamasmie | April 24, 2014
Illegal gold mining expands in South Africa at sky-high rates: report

Authorities estimate there are about 14,000 people currently involved in illegal mining in the country.

Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Cecilia Jamasmie | April 24, 2014
Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.

First seabed mine to go ahead as Nautilus solves dispute with PNG

Cecilia Jamasmie | April 24, 2014
First seabed mine to go ahead as Nautilus solves dispute with PNG

Under the agreement, the Papua New Guinea government paid Nautilus $7 million, which entitles it to a 15% stake in the project, with an option to increase it by another 15% in the next 12 months.

Prepared for the attack of the short sellers: Joe Reagor

The Gold Report | April 24, 2014

Despite the ongoing attack of the short-sellers, the fundamentals of gold and silver production are increasingly robust.

CHART: So far so good on the 3-year gold, silver stocks rule

Frik Els | April 23, 2014
CHART: So far so good on the 3-year gold, silver stocks rule

In three decades, the Philadelphia Gold & Silver Index has never declined four years in a row.

Roxgold's robust Burkina Faso feasibility rocks stock

Frik Els | April 23, 2014
Roxgold's robust Burkina Faso feasibility rocks stock

Toronto junior is up 46% this year and feasibility for Yaramoko improves on what was already one of the lowest cost and highest grade projects anywhere in the world.

Jordan Roy-Byrne - The Daily Gold

Gold & silver stocks begin oversold bounce

The bottoming process for gold and silver shares has been arduous as they’ve oscillated back and forth for almost a year.

Cecilia Jamasmie

Barrick-Newmont merger could be as good as gold

Cecilia Jamasmie | April 23, 2014
Barrick-Newmont merger could be as good as gold

The new gold giant would have a market value of $33 billion, operations on five continents, and a gold output of well over 12 million ounces a year.

Pilot Gold takes off as Nevada discovery delivers again

Frik Els | April 23, 2014
Pilot Gold takes off as Nevada discovery delivers again

Vancouver junior is expanding summer drilling after step outs at recent Kinsley Mountain discovery returns 10.6 g/t over 30.0m, including 16.1 g/t over 16.5m.

About 40,000 illegal miners ignore Peru’s deadline to formalize status

Cecilia Jamasmie | April 23, 2014
About 40,000 illegal miners ignore Peru’s deadline to formalize status

Tension grows as the illicit miners keep evading government efforts to bring them into the formal economy.

Chile turning mines into tourist attractions

Cecilia Jamasmie | April 23, 2014
Chile turning mines into tourist attractions

Chile's massive copper mines will soon be part of a "Mining Tourism Route," to kick off in 2015.

2014 gold price rally fades as ETF investors, hedge funds exit market

Frik Els | April 22, 2014
2014 gold price rally fades as ETF investors, hedge funds exit market

Gold touches 2-month low as hedge funds continue to cut back on bullish positions and holdings in physical gold trusts fall to 4-year low.

Big praise for B2Gold's Namibia mine

Frik Els | April 22, 2014
Big praise for B2Gold's Namibia mine

New ratings from Goldman Sachs sees strong upside for Vancouver's B2Gold on top of 38% share price gain so far this year.

Why Rick Rule says ‘anti-gold investors will be destroyed’

Sprott Group | April 22, 2014

Gold has made its way down again, to around 1,300 per ounce this month. Rick Rule, Chairman of Sprott Global Resource Investments Ltd. says that a few years out, you will be happy you stuck with gold.

Dubai emerges as a global gold centre as demand for bullion continues despite bearish reports from most western analysts

David Levenstein | April 22, 2014

Even though the price of gold has fallen below the psychological level of $1330 an ounce, and while the mainstream media continues with its consistently negative coverage, demand for physical gold remains extremely robust in certain regions.

Teck invests further in Halifax’s Erdene to expand copper exploration in Mongolia

Cecilia Jamasmie | April 22, 2014
Teck invests further in Halifax’s Erdene to expand copper exploration in Mongolia

Erdene Resource owns the Altan Nar gold-polymetallic project, located in southwest Mongolia, 200 kilometres from the border with China.

Vancouver's Goldcorp won't challenge friendly deal for Osisko

Business in Vancouver | April 21, 2014
goldcorp abandons osisko feat

"We stated from the beginning of this process that we would remain disciplined with respect to our offer to acquire Osisko"

Golden Dawn drops Tam O' Shanter property

Market Wire | April 21, 2014

Due to the lack of funding opportunities for low grade bulk tonnage Gold deposits

Trying to smuggle gold into India, man swallows $23,000 worth in bars

Cecilia Jamasmie | April 21, 2014
Trying to smuggle gold into India man swallows $23,000 worth bars

Gold smuggling into India has increased dramatically since the nation hiked its import duty on the yellow metal from 4% to 15% last year.

Gold rush for mining M&A coming

MarketWatch via Yahoo! | April 21, 2014

Talks between Barrick Gold Corp. and Newmont Mining Corp. over a deal that would have combined the world’s two largest gold producers may have broken down, but that doesn’t necessarily mark an end to their potential merger or consolidation among metals miners struggling to cope with challenges in the sector.

Poor Americans pick gold over stocks as the best investment

MarketWatch via Yahoo! | April 21, 2014

A Gallup survey shows Americans picked real estate as the cream of the the long-term investment crop. Their other choices were gold, stock and mutual funds, savings accounts and CDs, or bonds.

Turnaround stories revolve around proven management

The Gold Report | April 21, 2014
proven management boss turnaournd feat

Very recently, we've been subtly shifting from producers and near-producers to advanced developers.

China opens Beijing to direct gold imports

Cecilia Jamasmie | April 21, 2014
China opens Beijing to direct gold imports

The move is considered by many a threath to Hong Kong’s transit role.

Barclays is the next big bank pulling out of commodities: report

Cecilia Jamasmie | April 20, 2014
Barclays is the next big bank pulling out of commodities: report

The English bank is planning to sell large parts of its metals, agricultural and energy business.

Gold mining comes back to Nova Scotia

Cecilia Jamasmie | April 20, 2014
Gold mining comes back to Nova Scotia

The Canadian province has experienced three relatively short-lived gold rushes over the past 150 years, but the persistent issue has been profitably. Now, the problem seems finally resolved.

Peru set to regain world’s second largest copper producer place this year

Cecilia Jamasmie | April 20, 2014
Peru set to regain world’s second largest copper producer place this year

The South American nation lost the title to China in 2012.

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