Gold Mining News

Canadian agency clears up world’s largest gold project permitting process

Canada’s National Contact Point (NCP) said complains from an Alaskan group don't merit further examination, closing the file after only the initial assessment level of review.

South Africa's parliament delays passing key mining law

Lawmakers will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty.

What history says for gold stocks in 2018-2019

"Back in March of this year we noted that the gold stocks could be following the path of recovery of housing stocks since their 2009 bottom."

Canadian diamond producer to resume mining off Namibian coast

In an alliance with International Mining and Dredging Holdings, the Canadian miner ran a bulk sampling program whose results "were extremely encouraging."

Peru takes steps to legalize artisanal and small-scale miners

The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.

Russia's VTB Capital aims to double gold sales to China in 2018

Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.

Russia miner Nornickel sees capex rising by 2019-2020

The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018.

Philippines' Duterte holds open pit mining ban despite pressure

President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.

Keith Neumeyer: The numbers sound crazy, but I predict $8,000 gold & $130 silver

The current silver price is almost a joke. We’ve seen lead, zinc, nickel, lithium, and cobalt make significant price rises but gold and silver remain flat.

Saskatchewan may set back Canada’s plan to phase out coal by 2030

One coal-fired power plant in Saskatchewan likely won't be retrofitted before 2030.

French researchers unearth largest stash of Medieval silver coins ever found

They are puzzled by the finding of 21 Islamic gold dinars at an abbey in eastern France.

Mystery of inflation and gold

A Sunshine Profits analysis of the impact of and factors contributing to inflation on the gold market.

Number of active mining projects by province ranked

Ontario is number one.

Asia Gold-India prices flip to discount as wedding demand underwhelms

Gold prices in India traded at a discount for the first time in six weeks as the key wedding season failed to spur fresh demand.

Mali expects industrial gold mining to beat 2017 forecasts

Industrial gold production in Mali, Africa's third biggest producer, is on track to exceed earlier forecasts for this year, says government official.

Move over Chile, Macri's Argentina wants the mining limelight

Changing glacier law intensifies Argentina’s pro-mining agenda; pipeline of $20 billion beckons as nation bets on extraction.

Vancouver is the world's mining capital

Sorry Toronto and Perth.

Colombian police dismantle highest illegal gold mine in the country

The mine was located on a 2,800-metre high mountain.

Workers to ramp up strike action at Canadian mine in Mexico

Union leaders say that the arrival of 100 officers of the Mexican Armed Forces to the mine spurred the protesters' anger.

Zonte Metals acquires iron oxide copper gold project

According to the company's CEO, exploration is expected to start shortly in the form a ground magnetic survey over portions of the project.

South African communities to join mining charter review case

Lobby group is seeking judicial review of new Mining Charter, which places extra levies on companies and raises requirements for black ownership.

Gold’s long-term analogies

In today’s analysis, we feature two analogies to the previous situations in gold which should make it clearer what’s likely to be seen in the coming months.

Fresnillo jumps after HBSC upgrades rating to 'buy'

HSBC referred to the company as a “sector leader at a discount”.

UN urges miners to better regulations needed to prevent disasters

According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.

Gold rises for third day after US inflation data

U.S. bond yields fell despite solid U.S. economic data that reinforced expectations that the Federal Reserve will press ahead with increases to U.S. interest rates.