Gold miners have for years been accused of eroding profits through expensive deals but the takeovers of Randgold by Barrick and Goldcorp by Newmont have spurred speculation about a pick up in long-dormant gold M&A.
Gold Mining News
Gold deliveries to central bank unit Fidelity Printers and Refiners, which buys all the country's gold, declined to 6.5 tonnes from 7.3 tonnes during the January-March quarter.
By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.
The Vancouver-based miner is exploring the past-producing Idaho-Maryland gold mine, located near Grass Valley in northeastern California.
The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.
Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.
Several new holes have cut wide zones of mineralization with intervals of visible gold extending Area 51 by 250 metres to the northwest.
The current program will follow up on high grade gold-copper-silver results from last year.
The Goldenville project in Guysborough County is Osprey’s most advanced project and the province’s largest historic gold producer.
Fresnillo, which mines gold and silver in Mexico, said silver output dropped last month mainly due to lower grades of ore and lower ore throughput.
American researchers proved that a purification method that dates back to the 10th Century still works.
The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.
Ecuador has attracted a flurry of interest from big miners eager to increase their exposure to copper.
Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.
Underpinning investor confidence are the country’s vast mineral riches.
Kapé-Kapé says that guerrilla groups and illegal miners have joined forces and are destroying protected areas in the southern Bolívar state.
Preliminary analysis by McEwen Mining suggests that the truck driver may have suffered a medical emergency while operating the haul truck prior to losing control, running up an embankment and overturning.
Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.
The major gold miners’ stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria.
Michael Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, sources said.
The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
The miner said the discoveries represent an important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold grain-in-till dispersal apron that the property hosts.
The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.
Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).
Although most of the precious metals sector has trended lower in recent months, gold has held up well.