Gold may stay under pressure, especially that political uncertainty related to the Italian national election is likely to weigh on the euro in the near term.
Gold Mining News
In lieu of the cash dividend, it will undertake a "capitalisation issue" that will see four ordinary shares given to shareholders for every 100 they hold.
Kaz Minerals reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16%.
Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.
About 50,000 ounces — roughly 125 gold bars — is all that stands in the way of Newmont overtaking Barrick as world's No.1 bullion miner.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.
Barrick Gold’s Goldstrike mine complex and Newmont’s North and South Carlin complexes are located in this area.
Winning bidder for Michiquillay project says production will start in 2025 to become one of the largest mines in the world's number two producing country.
Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru
Russia has overtaken China as the fifth-biggest sovereign holder of gold.
China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.
Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
Financial market volatility spreads to gold.
Combined with worries about inflation and erroneous trade and fiscal policies, it may prompt investors to purchase some safe-havens, such as gold.
Tanzania is seeking to take more of the profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.
Flush with cash, Randgold is on the hunt for gold mines outside Africa.
Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.
Barrick Gold’s Chief Innovation Officer, Michelle Ash, will become the new Chair of GMSG in May 2018.
Mineralized intercepts encountered higher grades than predicted by previous modeling, said the project owners NovaGold and Barrick.
Obuasi is expected to start gold production by the third quarter of 2019.
BBC report details 1974 CIA operation to salvage Soviet submarine carrying nuclear missiles under guise of a Howard Hughes-financed seabed manganese mine.
New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."