Gold Mining News

World’s largest gold miner hit by Tanzania export ban

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.

Billion-dollar gold dream lures mining and movie maverick out of hiatus

Frank Giustra aims for hat trick with Leagold Mining in Mexico. Bill Clinton pal sees ‘major’ gold producer within four years.

Anglo Asian Mining back in the black as copper output doubles

Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.

Silver price: Hedge funds and retail investors part ways

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.

Workers block access to First Majestic’s La Encantada mine in Mexico

Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.

Tanzania outs mining minister over alleged collusion with companies to evade taxes

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.

Gold and silver bullion now treated as money in this US state

Arizona Governor Doug Ducey signed into law a bill that lets residents use precious metals as currency instead of Federal Reserve notes.

Oreninc Index – Monday, May 22, 2017

Oreninc Index sees strong rebound as gold strengthens

For these women, working underground is a bright opportunity

Mothers will do everything to ensure a bright future for their children.

China’s Zijin pays off stake in Ivanhoe’s Congo copper project

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.

Anjin employees still waiting for termination benefits

The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.

Diamond ring bought for £10 now worth thousands

The owner had no idea if the ring had any intrinsic value at all.

Drilling begins on property adjacent to 125,000-oz Kyrgyzstan gold mine

Initial drilling is designed to intersect an area which was previously drilled in the former Soviet republic between 1970 and 1990.

Kinross sells White Gold District properties for approx. C$60 million

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.

Top 10 financings in April

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.

The end of reflation? Implications for gold

We now see signs that reflation is weakening. What happened and what are the implications for the gold market?

Gold juniors’ Q1’17 fundamentals

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.

Congo to re-evaluate new mining code next week

Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.

Heart-shaped diamond breaks record

The 92-carat diamond forms the centerpiece of a necklace of cultured pearls.

Venezuelan NGO asks government to kill Mining Arch decree

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 announces Pebble Project advisory committee

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.

$16K in gold bullion up for grabs in new stock-picking contest from Stockpools & Kitco

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.

Canada’s Trevali picks up Glencore zinc mines in Africa

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.

First Quantum to kick off massive $5.48bn copper mine in Panama in just months

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.

Tinka Resources: Ayawilca could grow into a world-class zinc asset

The Critical Investor examines Tinka Resources, which has found high levels of zinc in the first holes of a new exploration program.