Gold Mining News

10 mines still making good money if the gold price falls 50%

The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.

Gold, silver prices at 15-week highs as Trump trade unwinds

Precious metals erase nearly all post-election losses – silver price enjoys longest weekly winning streak in more than a decade.

US Lithium to mine for copper, nickel, cobalt in Canada’s Saskatchewan

The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.

Endeavour extends Karma mine’s life to over 10 years

A drill program at the mine's North Kao deposit has added 262,000 ounces to the reserves, extending Karma's life to more than 10 years.

Pan American Silver boss just gifted $4 million to the Canadian Museum of Nature

The donation by the company's founder Ross Beaty aims to enhance the museum’s national research and collections that are focused on species discovery.

Mining exploration spending drops to 11-year low

Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.

GFG Resources secures financing to stoke Rattlesnake Hill Gold Project

GFG Resources has closed a CA$5 million bought-deal financing, securing funding for ongoing exploration at its flagship Rattlesnake Hills gold project in Wyoming.

The discoveries keep on coming for Balmoral Resources

Balmoral Resources Ltd. announced that drilling has extended the Bug South gold deposit on the Martiniere Property in Quebec to a depth of 350 vertical meters and it "remains open down-plunge below this level."

Is this the holy grail of gold mining?

Inventor and CEO of New Gold Recovery Inc., Anastasios Morfopoulos, appears to have found the holy grail of gold mining - a low cost, environmentally friendly recovery system that extracts up to 95% or more of the gold and other precious metals.

These five companies are ready to “disrupt” the mining industry

Integra Gold Corp. and Goldcorp Inc. are pleased to announce the five finalists and 11 semi-finalists for #DisruptMining.

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

World's deepest mine gets $1 billion injection

Work on AngloGold Ashanti's Mponeng gold mine in South Africa started in 1981 – a brownfield expansion project will extend the mine's life beyond 2050.

Toyota's new technology a blow for platinum, palladium price

World's top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.

AME responds to B.C. provincial budget 2017

Balanced budget to support mineral explorers through tax credits and investing in permitting.

Caterpillar touts automation solutions as top miners swing back to profit

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

Gold falls as investors await rate-hike clues

Ahead of the minutes from the Federal Reserve’s most recent policy-setting meeting.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

Oreninc Index explodes to new 2017 high

The Oreninc Index continued to surge ahead in the week ending February 16, 2017 to 112.76 from 90.26 the previous week.

CHART: Hedge funds diverge on gold, silver price

Large scale precious metals futures speculators push bullish bets on silver to 20-week high while exposure to gold continues to be cut.

Misinformed in the Age of Information: What is the ‘fake news’ impact on stock market prices?

While the phrase is on many people’s lips, the impact of fake news on the financial markets and high-frequency trading is not yet clearly defined.

FLSmidth awarded first phase of EPC contract for gold mine

Belo Sun Mining Corp. has awarded FLSmidth the first phase of an EPC contract for the Volta Grande gold mine processing plant in Brazil’s Amazon region.

Colombian court lets Zonte Metal sue authorities over gold permit rejection

The Canadian junior explorer argues its exploration application was not processed in accordance with the country’s mining code.

Insights on the resource market with Brent Cook and Joe Mazumdar

I recently had the opportunity to ask Cook some questions about the current gold market, and how he thinks the average investor can tilt the odds in their favour when buying companies in the junior resource sector.

Copper price turns higher again – Grasberg gashed

Top listed copper producer Freeport says negotiations with Indonesia going nowhere – will slash production at iconic mine by 60%.

Agnico Eagle looking at hovercrafts to explore Meadowbank

The owner of Canada's coldest mine is hoping to reach another milestone with an unusual piece of exploration equipment.