Gold Mining News

Eldorado defers decision to halt operations in Greece as talks with Gov’t begin

Company said it preserved the right to shut down operations in the country and to take legal actions to protect itself and its assets should the dialogue with the ministry of energy and environment fails.

Miner Hochschild boosts hunt for acquisitions — executive

Company is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold.

Gold sinks below $1,300 after Fed ends era of easy money

From next month the US Federal Reserve will shrink the $4.5 trillion balance sheet it built up following the 2008 financial crisis.

Endeavour to add 14 years to Ity mine life as it kicks off plant construction

The Ity mine, in Côte d’Ivoire, has produced more than 1.2 million ounces of gold in its over 20 years of operations.

A Diamond Play with Development, Discovery Potential

With a diamond supply deficit looming, James Kwantes, editor of Resource Opportunities. profiles a cashed-up junior company at the forefront of Canadian diamond exploration.

BHP Olympic Dam produces first copper cathode from heap leach pilot plan

Bureau Veritas’ state-of-the art mineral testing facility in Adelaide is supporting BHP and South Australia to achieve their Copper Growth Strategies.

Tanzania orders wall built around tanzanite mines, purchases of stones

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

A day for the zama zamas: Illegal gold mining in South Africa

Zama zamas earn a pittance for work that puts their lives at risk on a daily basis

Barrick's Munk donates $100 million to cardiovascular care centre

The gift, which will bring the Munk's support of UHN and the PMCC to more than $175 million since 1993, will primarily be used to develop a data-driven digital cardiovascular health platform that reduces costs.

Philippines delays environment minister nomination approval over mining woes

Former minister Lopez had to leave the post after the same legislative panel that delayed Cimatu’s confirmation rejected her appointment.

Brazil mining reform is raising costs for industry – Vale exec

Mining reforms in Brazil are raising the cost of operating without generating increased interest in investing in the sector, an executive for world's largest iron ore producer Vale said on Monday.

South Africa labour disputes drag Petra Diamonds shares down

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

Peruvian farmer sues Newmont in US court over alleged use of violence, threats

Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.

Integra Resources to acquire Kinross Gold's DeLamar gold-silver project

Conditional upon the completion of the Transaction, Integra will acquire 47 mining claims totaling approximately 238 hectares that form part of the Florida Mountain claims group, which are situated in the Carson Mining District in Owyhee County, Idaho.

McEwen shares drop after $40m stock offer

McEwen announces bought deal at deep discount to ruling share price to finance purchase of Ontario gold mine.

Palladium price consensus forecasts point to end of the rally

Speculative frenzy not entirely supported by fundamentals.

Aussie consortium to spend $12m in research to boost copper production

Initiative is part of South Australia’s government strategy that aims to triple the state's copper production to one-million tonnes a year by 2030.

Canadian miners increase efforts to prevent child and forced labour in the supply chain

Initiative seeks contributing to global efforts in preventing the use of child and forced labour in the mining supply chain, and to providing information needed to demonstrate the responsible sourcing of minerals and metals.

Petra Diamonds may breach debt covenants on troubles in Tanzania

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

Kinross Gold to spend $1bn to expand Mauritania, Nevada mines

Projects aim at boosting output and lowering costs.

Fortescue says CEO to step down, growth focus to shift beyond mining

Fortescue Metals Group Chief Executive Neville Power will step down in February, a voluntary but surprise departure that sent shares sliding, as the world's fourth-biggest iron ore producer looks to diversify beyond mining.

Gold miners seek safety as political risks rise

Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries.

Mine acquisition grows production 'at a fair price'

BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner.

AngloGold a step closer to selling loss-making Kopanang mine in S. Africa

The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.

Greece tries making peace with Eldorado, grants final permits for Olympias

While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.