Gold Mining News

Gold price: Hedge funds abandoning market at record pace

Large scale speculators in gold options and futures dump over 12 million ounces in three weeks, the fastest rate since government records began.

Canada's Ajax mine could cost $100 million in lawsuits: Mining Watch

Taking as an example what’s happening at the Malartic mine in Quebec, the watchdog presented “conservative estimates” on possible actions against the gold and copper project in B.C.

It’s time to invest in gold: Haywood

Haywood believes that “conditions are ideal” for investment in the gold industry.

Acacia Mining soars after revising gold output forecast up

Stock climbed 12.94%, closing the session at 529p.

Refiners lash out at regulators plans to force banks cover gold holdings

Under the new rules, banks will need a higher ratio of longer term, more pricey funding against the precious metal on their balance sheets, they argue.

Mexico's mining sector to reach $17.8bn by 2020 on the back of silver, zinc prices

The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.

Video: The last line in the sand for gold – 1275

If gold reaches that magic number it would confirm that the intermediate cycle low has been struck.

Oil prices to rise in 2017: World Bank

The new forecast is a response to OPEC's decision to limit production after a long period of unrestrained output.

Done deal: Centerra Gold buys Thompson Creek for $1.1 billion

With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.

Gold Miners: The lull before the calm before the storm

The USD is up 5% in the last 3 months and gold is holding just above $1269/oz, as we write. The presidential election might be center stage but the possibility of a rate hike before the year end is being eagerly observed.

Tires are a top five cost for a miner

KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.

What a drone sees flying through a stope

"We think the possibilities here are tremendous."

Gold prices up

December Comex gold was last up $7.40 an ounce at $1,270.30.

Pistol Bay becomes dominant landholder in the Confederation Lake Greenstone Belt

The Canadian junior announced the acquisition of all properties and deposits from AurCrest Gold and Glencore.

Stunning photos of Poland’s kings of coal

Photo essay by Tomasz Tomaszewski.

Congo takes Freeport, Lundin to court over sale of Tenke Fungurume

The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.

Is this Nord Gold's next takeover target?

Columbus Gold is a junior miner headquartered in Vancouver, with an exploration office in Nevada, and two primary assets – one in the US (Nevada) and one in South America (French Guiana).

Africa's first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners' Alliance has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.

MiningWatch to launch court action for Mount Polley disaster

MiningWatch plans to file a private prosecution against Mount Polley Mining Corporation and the B.C. government.

This gold mine was shut during WWII. Now is operating again

Soledad Mountain Project's gold and silver production is projected to average 74,000 oz and 781,000 oz respectively per year.

Yamana Gold set to spin off Brazilian unit as separate public company

The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.

Congo’s cobalt production set to soar despite claims of child labour

Last year, the country's cobalt production accounted for just over half of the world's output.

Golden Dawn — B.C.’s next powerhouse gold miner?

The company just took the next major step towards its ultimate goal of amassing over a million ounces of high-grade gold in an historic gold district in southern British Columbia.

Major operational overhaul planned for KSM copper, gold mine

Higher upfront costs but better ROI on massive gold-copper mine: Seabridge Gold.

Kibali delivers progress despite challenges

After a slow start to 2016, the Kibali gold mine is picking up speed, with the substantial performance improvement forecast for the second half of the year already manifesting itself, Randgold Resources chief executive Mark Bristow said here today.