Investors running for cover from tanking stocks and faltering global economy pile into gold mining sector after gold price spikes $70 an ounce.
Gold Mining News
Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”
Physical ETF outflows persist, but strong market for coins and bars see overall investment demand jump in 2015 according to World Gold Council.
The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.
Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".
The three workers were trapped on Friday morning, when the lamp room where they were on duty collapsed into an 80-metre hole.
The report didn’t identify the metals but said researchers were looking at cadmium, copper, lead, mercury, nickel and zinc.
Move is a fresh attempt to curb costly imports and stop precious metals from being used to hide billions of dollars of undeclared "black money".
The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.
Contemporary economists like to suggest that markets should become comfortable with negative rates and accept that they have an important role to play in the "science" of modern finance. But this analysis ignores the fundamental absurdity of the concept.
It only took 2 years for Mark Zuckerberg to go from millions to billions, but he is the exception to the rule.
The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.
Gold continues to gain the favour of some long-time skeptics.
AngloGold Ashanti asked Ghana to redeploy troops at its Obuasi mine after an employee died in an attack by hundreds of illegal miners on the facility last week.
Mining in the area of the Andes mountains right above the continuous tree line had been prohibited since 2011, but concessions granted before such ban had continued to date.
The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.
Canarc Resource Corp (TSX:CCM) - site trip - mucho potential at El Compas
The world’s most populous country has been the primary engine of economic growth for decades, but recently investor optimism around China has diminished significantly.
Reagor outlines types of companies he prefers and pairs those with names that patient investors could parlay into promising profits.
The firm also said it would continue to invest in exploration, which remains the engine that drives its business.
Spot gold reached a peak of $1,201.40 an ounce, it highest level since mid-June.
Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).
Once deal is completed, Randgold would fund all costs, including the completion of a pre-feasibility study on over the former's Kossanto West Gold Project in Western Mali.
The nation has struggled to manage its resources leading to disagreements and protests of mining operations.
The size of the drop was second only to the $107.9 billion fall in December, the largest monthly decline on record.