Gold Mining News

Polyus powers on

Russian miner posts another quarter of record production on the way to 2.8m ounces in 2019 as its $2.2 billion Natalka mine ramps up.

Barrick to give Tanzania stake in mines, $300 million to end dispute

The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes.

Anglogold Ashanti to raise $307 million with South African mine sales

It will sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China's Heaven-Sent SA Sunshine Investment Company.

Canadian Mining Hall of Fame welcomes four new inductees for 2018

Bob Gannicott, Ross Beaty, Terry MacGibbon and Ed Thompson to be honoured at 2018 CMHF annual dinner and induction ceremony.

Trio of firm's mines log strong performance in Q3/17

Hecla Mining Co.'s Q3 production of silver, lead and zinc exceeded BMO's expectations, whereas that of gold reached the anticipated level.

Scotiabank to offload gold trading unit

Chinese buyers are rumoured to be the key targets of the sale.

India tightens gold import norms for nominated agencies

New Delhi is restricting them from importing the yellow metal only for export purposes and not for selling in the domestic market.

This new method for getting gold from e-waste may be just what miners need

Canadian start-up EnviroLeach has created a new environment-friendly chemical process with the potential to transform precious metal extraction in the mining and electronic waste (e-waste) sectors.

First Majestic Silver output climbs

The Mexico-focused miner produced 4 million ounces of silver in the third quarter of 2017 from its six operating silver mines.

Gold price bull Marc Faber booted from boards for racist remarks

But ex-Sprott, Ivanhoe, Novagold board member stands by comments: “If stating some historical facts makes me a racist, then I suppose that I am a racist.”

MCX launches India's first gold options contract

India's Multi Commodity Exchange (MCX) has launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

Oreninc Index Update: October 16th, 2017

Oreninc Index jumps as big deals announced.

An aggressive gold exploration play

Exploration on a massive project in Nevada holds the potential for "glory," says Daniel Ameduri of Future Money Trends.

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Sibanye scraps planned closure of loss-making South African mines

Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.

Philippines' Duterte lifts suspension on gold miner Lepanto

Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.

Gold miners’ Q3’17 preview

With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results

India's gold prices swing to premium ahead of Diwali festival

Local gold prices were trading around 29,760 rupees per 10 grams on Friday, up nearly a percent from last week.

Yuan and gold

In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, ... but what is the link between the Chinese yuan (officially: renminbi) and the yellow metal?

B2Gold up on higher-than-expected production

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.

Millions of dollars in gold end up in Switzerland’s sewers every year

Researchers estimate that roughly 43 kg of gold — worth about $1.8 million at current prices — and 3,000 kg of silver (worth nearly $1.7 million) were flushed away last year.

Tanzanian troubles drag down Barrick's production

World's number one producer still confident it will meet 2017 production guidance.

Goldcorp chairman says mining companies are making two big mistakes

The Goldcorp Inc. chairman sat down with SmallCapPower and spoke about the state of the global mining industry.

Clean mining project shortlisted for $950 million Canadian gov’t funding

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

B2Gold pours first gold at Fekola mine in Mali

Company is on track to begin commercial production before the end of the year, which would boost its annual production more than 70% to between 925,000 and 975,000 ounces of gold.