Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.
Gold Mining News
Frank Giustra aims for hat trick with Leagold Mining in Mexico. Bill Clinton pal sees ‘major’ gold producer within four years.
Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.
Large scale futures speculators cut bullish bets on a rising silver price to a 16-month low while silver ETF investors gorge on metal at bargain prices.
Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.
Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.
Arizona Governor Doug Ducey signed into law a bill that lets residents use precious metals as currency instead of Federal Reserve notes.
Oreninc Index sees strong rebound as gold strengthens
Mothers will do everything to ensure a bright future for their children.
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.
The owner had no idea if the ring had any intrinsic value at all.
Initial drilling is designed to intersect an area which was previously drilled in the former Soviet republic between 1970 and 1990.
Kinross Gold (TSX:K,NYSE:KGC) has unloaded five of its properties in the Yukon White Gold District to newly formed company White Gold Corp (TSXV:WGO) in a cash and share deal worth around C$60 million.
April saw 121 financings close in the Canadian financial markets for C$522.7 million including 55 financings for gold totalling $207.3 million, some 40% of the April total.
We now see signs that reflation is weakening. What happened and what are the implications for the gold market?
The junior gold miners’ stocks suffered a serious thrashing between mid-April and early May. Relentless heavy selling blasted many back down near deep mid-December lows, leaving sentiment in tatters.
Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
The 92-carat diamond forms the centerpiece of a necklace of cultured pearls.
An NGO based in the southern Bolívar state is calling the Venezuelan government to kill the 2016 decree that creates the Mining Arch of the Orinoco River National Development Strategic Zone.
Northern Dynasty Minerals Ltd. reports that its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership announced today it has received commitments from five prominent Alaskan and national figures to serve as founding members of an Advisory Committee formed to provide independent, external advice as the Pebble Project advances into federal and state permitting.
Junior mining investor enthusiasts will be duelling it out for the big money when the next contest by Stockpools and Kitco is launched the first week of June.
The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.
Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.
The Critical Investor examines Tinka Resources, which has found high levels of zinc in the first holes of a new exploration program.