Gold Mining News

Marijuana is the new gold as former Canada miners go to pot

Turns out, it may be easier to strike gold by growing green.

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

The Swiss attorney general’s office launched its probe in 2016, court documents show.

Total Eren targets Africa's power-starved mining sector

Renewable energy company Total Eren said on Monday it had opened the world's largest solar-thermal hybrid plant in Burkina Faso.

Congo state miner curbs expectations about code concessions

The operators are pressing the government to row back on some of the reforms President Joseph Kabila signed into law this month.

Newcrest, Harmony joint venture in PNG to cost an extra $1bn upfront

But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion.

Zimbabwe changes majority black ownership for diamond, platinum mines

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

Mali says negotiating mining code revision but could act unilaterally

Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]

Egypt’s sole gold-exporting mine reports high profits

January profits for the Sukari gold mine are making headlines in the country.

EPA not happy with Canadian miner’s zinc-gold project in Michigan

The project is being proposed by Toronto-based Aquila Resources.

EPA may be overstating claims from the Gold King mine spill

According to AP, an Albuquerque law firm filed 13 claims totalling $120 million, but a recently released EPA spreadsheet says it was 14 claims totalling $220 million.

Gold price calm to shatter as geopolitical crisis index hits 15-year high

Geopolitical turmoil not piercing bullion markets yet – gold in tightest weekly trading range in percentage terms since 2012; in dollar terms since 2007.

Mali says negotiating mining code revision but could act unilaterally

Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years.

Mongolia Oyu Tolgoi copper mine 2017 revenue drops 22% as construction delays weigh

Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year.

Asia Gold-India prices discounted as festival fails to lure buyers

Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week.

Gold miners’ Q4’17 fundamentals

The major gold miners’ recently-released Q4’17 results prove they are thriving, despite their languishing stock prices.

Venezuela gold reserve value falls 14% in 2017

Gold now represents just under 70 per cent of the Central Bank's international reserves.

Three tonnes of dore bars strewn across runway at Russian airport

Dore bars fell from the sky.

Sprott gold report: gold resilient despite market volatility

For the month of February, gold equities declined 10.10%, while gold bullion fell a modest 2.08%, as measured by GLD.

Big miners arrive in the DRC to go over new mining code

The companies have just resigned from the Congolese Chamber of Commerce.

Pinochet’s son mining permit application causes controversy in Chile

The Mayor of the city of Quilpué rejected the proposal.

Gold bull market in waiting

"The financial markets continue to expect an aggressive Fed going forward with four—even five—rate hikes this year and a continuing shrinkage of its balance sheet. Given this, gold has held up pretty well."

Canada’s First Cobalt buys US explorer, creates key supplier outside Congo

The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.

Ghanaian government wants to mediate between Gold Fields and its workers

The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.

Barrick chairman Thornton boosts ownership with major share buy

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

New effort to mine sea floor for minerals essential to new low-carbon economy launches in April

This cruise will identify an ocean area suitable for employing the process DPG has developed for mining nodules containing high concentrations of minerals.