Gold Mining News

Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

Gold was chemically destined to be money all along

I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element.

Zambia restores full power supply to First Quantum mines

Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff.

Copper price rallies after Grasberg violence

Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.

Costs related to layoffs, lawsuit, take toll on AngloGold results

The miner, Africa's biggest gold producer, reported a loss of $176 million in the six months to June 30, compared to a profit of $52 million in the same period last year.

Canada's Ontario province to build roads into Ring of Fire region

The province first committed $1 billion to fund infrastructure into the chromite-rich area in 2014.

Kingsgate jumps 49% after Thai gold mine suspension lifted

Investors in Kingsgate Consolidated Ltd. (ASX:KCN) were allowed to gasp for air on Friday after being underwater on the stock due to problems with its mine in Thailand.

Six precious metal explorers that may hit it big this summer

Summer is the season for drilling, and with the uptick in the precious metals market since 2016, companies are finally able to have the budgets to properly explore their prospects, says Brien Lundin, editor of Gold Newsletter.

Gold price scales $1,300, highest since Trump election

Gold bulls turn attention from North Korea to US domestic turmoil.

Changes to Brazil mining law to bring mostly higher taxes, costs — experts

Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.

AngloGold Ashanti revives plans to spin off South Africa mines – Reuters

Should the spinoff happen, AngloGold would be the latest miner to reduce exposure to South Africa, where political instability, controversial new mining rules and a stronger rand have made it less attractive to operate.

Is the next gold mine in Bulgaria

While Bulgaria may not be the first country investors equate with gold mining, executives at one TSX Venture Exchange-listed company are sitting on pins and needles waiting for the drill results that could prove their high-grade thesis.

Ex-Integra Gold executives launch new mining exploration company

The company, to be named Integra Resources Corp, plans to acquire an advanced-stage gold-silver project in Canada or the United States in the next two months, and then apply to list on the TSX Venture Exchange, CEO George Salamis said.

S.Africa’s Harmony Gold eyes acquisitions after FY earnings rise

South African miner Harmony Gold reported a 35 percent rise in full-year profit on Thursday and said it will look at growth, exploration and acquisitions to meet its 2019 production targets.

With Congo finances collapsing, desperate government has few options

Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.

South Africa's Sibanye Gold flags H1 earnings per share loss

South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted lung diseases at work.

Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero

Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.

Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers

While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.

China to ban primary mercury mining by 2032 as convention comes into force

China will ban the production and trade of a range of products containing mercury by 2020.

Congo reinstates miners' VAT exemption on imports in U-turn

The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.

Gold rush in Nicaragua — production doubles in little over 10 years

Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.

Bitcoin can’t match gold as inflation hedge: Morgan Stanley

Though it is better than bullion and probably even better than conventional fiat currencies as a medium of exchange.

Flash floods hit Freeport Indonesia's mining operations

Flash floods have left one worker missing and caused extensive damage to a power plant at the miner's operations in the eastern-most province of Papua.

11 opportunities in gold, uranium and diamonds

Former journalist James Kwantes, editor of Resource Opportunities, provides a tour of promising junior mining opportunities, from the extremes of northern Canada to the tropics of French Guiana.

Is this the start of a hot new metals bull market?

Major U.S. indices slid for a second straight week as President Donald Trump and North Korea both escalated their saber-rattling.