Gold Mining News

Mexican miners reach deal with Canadian company, go back to work

If a deal wasn't reached by December 15, the company was not going to be able to compensate local employees.

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Alrosa recovers huge yellow diamond from Yakutia mine

The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.

Mining's Mr. Fix-It brings extinction of 100-Year-Old Lonmin

After years of near-death experiences, the story of Lonmin Plc is finally over.

Asia Gold-Price dip props up demand, India buyers await lower prices

Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world's second-biggest consumer India held off buying in the hope of further falls.

Poland's KGHM considers appeal against British Columbia mine rejection

On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.

Finning signs $185m contract with Lundin

Under the contract with Lundin, Finning will supply 70 pieces of heavy mining vehicles and machinery for Lundin’s mine complex in Chile.

What to expect for gold in 2018

John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.

Fed spells relief for gold traders worried over rate-hike pace

By a 7-2 vote, the Fed on Wednesday raised the benchmark lending rate by a quarter percentage point, its third hike this year.

Africa's Sula Iron and Gold changes gear with DRC cobalt license

Sula Iron and Gold plans to change name to African Battery Metals, reflecting a shift in focus after buying controlling stake in cobalt license stake in DRC.

Antofagasta has a new project in Canada

This is the second deal the Chilean miner signs with Vancouver-based Evrim Resource.

Bitcoin frenzy poses no threat to bullion, Goldman Sachs says

While bitcoin has shown greater volatility and lower liquidity compared to gold, the $275bn market value of bitcoin is dwarfed by gold’s $8.3 trillion.

Scientists push gold nanorod technology one step forward to make it more useful for biomedical apps

Gold nanorods are becoming more and more used in the production of security materials, as well as diagnostics, imaging, and cancer therapy equipment.

Almaden rejects Mexican activists’ accusations surrounding Ixtaca project

A protest action took place in Vancouver the same day Almaden Minerals announced the completion of a social impact assessment for its Ixtaca project in Mexico.

Exploration hot spot: some of the most richly-endowed terrain in British Columbia

Jaxon is set to advance significant discoveries in BC’s Golden Triangle and Skeena Arch.

Vancouver-based miner to expand operations in Ethiopia

East Africa Metals submitted two mining licence applications for sites located in the Tigray National Regional State, Ethiopia.

Electronic waste at new high, squandering gold, other metals-study

Raw materials in 2016 scrap worth an estimated $64.61 billion, including metals such as gold, silver, copper, platinum and palladium, U.N.-backed study said.

Responsible Jewellery Council certifies Alrosa's mining and business practices

The RJC conducted a months-long sustainability audit.

New York Fed inflation gauge and gold

The New York Fed created a new inflation gauge. What does it mean for the gold market?

Gold fields Ghana to dismiss 1,500 staff as contractor hired

Gold Fields Ltd.’s unit in Ghana said it will dismiss 1,500 of its own staff as the company is hiring a contractor to operate its biggest mine in the nation.

Gold traders are ‘jaded’ to global fears ahead of expected fed hike

In face of rapidly changing world, gold investors appear to be focusing more on strength of the global economy and are becoming less sensitive to turmoil.

Argentina’s Don Nicolás gold-silver project goes into production

Initial work at the Santa Cruz site started back in 2009.

Report investigates human rights abuse linked to Kinross Gold's Brazilian mine

A report released today documents human rights abuse tied to a Canadian mine in Brazil, a project operated by a subsidiary of Kinross Gold.

Gold price: Hedge funds cut bullish bets by most on record

Gold price under renewed pressure as managed money speculators up shorts – bets that gold can be bought back at a lower price in future – three-fold.

Congo mines say revised code threatens industry's future

Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.