Hedge funds boosted their bets on price gains for bullion to an all-time high just two days before U.K. voters took to the polls and decided to leave the European Union, sending global markets roiling.
Gold Mining News
Google says "buy gold" searches have soared 400%.
One day before Brexit.
The electronics industry consumed 63.9 tonnes of gold in the first quarter of 2016, about 5% of total demand.
Research and monitoring to date indicates the environment is recovering rapidly. No long lasting impacts are anticipated at this time.
Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.
Mark Kolebaba, CEO of Adamera Minerals, extols the advantages of exploring in Washington and explains why it offers low-cost opportunities.
Gold climbs the most in eight years, while copper and oil fall.
Klondex Mines Ltd. released an update on the company's exploration and project development activities at its True North Gold mine, which was formerly known as the Rice Lake mine, in Manitoba, Canada.
The consequences will likely include a soaring dollar and a falling euro, market volatility and a slide in the prices of some commodities, but Maund has identified ways investors can profit from the chaos.
Today, with the gold-mining sector in good financial shape, some historic mines in the region are being revived or expanded.
Almost one year ago we released these five charts, demonstrating the extreme nature of the bear market in gold stocks. The charts went viral and since then gold stocks have recovered just as we predicted.
The company is yet to receive an approval of its Kumtor’s 2016 mine plan, which it requires to continue operating the mine beyond June 30.
The silver miner says Ottawa needs to press Mexican authorities to ensure Canadian investors are treated fairly.
Polls showing a continuation of the status quo in Britain prompted a sell-off in gold this week, but the global economic backdrop remains good for gold.
Drilling also to target high grade gold on Seabridge's newly acquired Iskut Project.
Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.
Elevated demand has translated into a 150% increase in revenue for Britain's official producer of gold and silver coins and bars.
"The shift schedules are demanding. The work is repetitive. There are issues trying to keep people engaged in the work that they are doing."
If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
This chart shows that where gold goes, silver often follows.
To fund it, the miner has proposed a $15-million non-brokered offering of 1.05 million flow-through shares.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
Rumours follow Rio's decision to group its least loved units — coal, uranium salt, borates and its Iron Ore Co. of Canada — under a new umbrella branded as the “energy and minerals” business.
Silver is generally known for its use in coins, silverware and of course jewellery. However, today these account for less than 50% of all silver consumption.