Gold Mining News

Barrick signs on to Venezuela gold push as oil sinks economy

President Nicolas Maduro turns to mining as a way to boost one of the fastest-shrinking economies in the world.

The precious metals sector and the Fed. . .

Technical analyst Clive Maund reflects on how Federal Reserve statements may affect markets, and explains why he thinks the precious metals markets are due for a correction.

Gold juniors’ Q2’16 fundamentals

Gold juniors’ recently-released second-quarter financial and operational results prove their fundamentals are strengthening dramatically, a very bullish omen for stock prices

Release in response to Orezone Gold Corporation’s (“Orezone”) news release

SRK Consulting (Canada) Inc. is releasing the following in response to Orezone Gold Corporation’s (“Orezone”) news release of August 22, 2016.

Striking Bolivian miners lift roadblock after killing country’s deputy minister

Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.

Kinross Gold halts Maricunga mine in Chile, lays off 300 workers

Suspension of Maricunga comes earlier than planned after a court upheld the country’s regulator decision to shut down the water system linked to the mine over environmental concerns.

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

Azure Minerals strikes silver and gold in Mexico

Azure Minerals Ltd. (AZS:ASX), an Australian company developing two precious metal projects in Mexico, has caught the attention of a pair of analysts and the Mining Journal.

Marathon shares spike on Newfoundland gold recoveries

Positive metallurgy tests at Toronto junior's Valentine project in eastern Canada brings stock's gains this year to 400%.

Sibanye logs steep rise in half-year profit, mulls platinum mines future

The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".

This Australian man just found a massive 4kg gold nugget

Named “Friday’s Joy,” it is expected to sell for more than $190,000.

More Peñasquito problems for Goldcorp

Report claims contamination of groundwater at Vancouver gold miner's flagship mine in Mexico may be more serious than previously thought.

Gold price drop triggers mining stocks bloodbath

Broad-based selloff of gold mining stocks intensifies in afternoon trade – Barrick drops 9.6% and loses status as most valuable gold miner.

Skeena Releases Drill Results from Spectrum & Commences Drilling at Snip

Skeena Resources Limited is pleased to announce initial drill results from the Spectrum gold-copper project and the commencement of drilling at the Snip gold project, both located in the Golden Triangle of northwest British Columbia.

A zombie financial system, black swans and a gold share correction

Bob Moriarty of 321Gold says that since the crash of 2008, the financial system has become a zombie, and he urges investors to pay attention to when they take some money off the table.

Too much money, not enough gold

The gold to monetary base ratio is at an all-time low.

Poland halts Nazi ‘gold train’ hunt sooner than expected

A new timetable for the search is expected to be unveiled on Friday, at a news conference called by the digging team.

Gold mining back to Nova Scotia with imminent Moose River mine construction

Project consists of two open-pit mines forecast to produce 87,000 ounces of the yellow metal a year during their eight to nine years of mine life.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Venezuela ordered to pay Vancouver miner $1.6 billion

Shares in Rusoro Mining soars 122% after international arbitration tribunal awards damages over late president Chavez's seizure of its gold mines in 2011.

Investing in the new resource bull market

After four grinding years of falling metal prices and vanishing market capitalizations, we have seen a stunning shift in market sentiment since mid-January, says Matt Geiger of MJG Capital. Multiple physical commodities are now in technical bull markets.

Gold spending in India is set to get a boost from a strong monsoon season

Since before recorded human history, the people of India have had an insatiable appetite for gold, treasuring it not only for its flawless natural beauty and religious significance but also as a superb store of value.

Jeff Berwick: Billionaire elites piling into gold

Jacob Rothschild, Stanley Druckenmiller, George Soros, along with his associate Crispin Odey, and other billionaire elitists are moving massively into gold.

Erdene provides update on gold projects in Mongolia

Canada’s Erdene Resource is one of the very few miners to have never encountered issues in the East Asian nation.