Gold Mining News

Gold-stock triple breakout

Gold stocks are an exceptionally-volatile sector not for the faint of heart.

Wheaton resolves tax dispute with Canada Revenue Agency, shares surge 14%

The reassessments were related to income generated by Wheaton’s wholly-owned foreign subsidiaries operating outside of Canada.

Vancouver’s Falcon Gold searches for gold, silver and copper in Argentina

The company completed its 2018 exploration program on the Esperanza Resources mineral concessions.

Hardrock gold project greenlighted by Canada’s Environment Minister

Catherine McKenna said that if mitigation measures are taken, Greenstone Gold Mines’ project is not likely to cause significant adverse environmental effects.

Asia Gold-High prices leave demand in the doldrums ahead of holidays

If prices come down, we might see some buying because both the new year and the Chinese new year are coming up.

Nigeria's first gold refinery scheduled to be ready next year

The refinery will initially be able to produce 3 metric tons of gold each month, and 1 ton of silver.

Imperial Metals hires BMO to speed up restructuring — sources

The company produces copper and gold at its Red Chris, Mount Polley and Huckleberry mines and lead and zinc at half-owned Ruddock Creek mine, all in British Columbia.

Paulson's success at Detour Gold could serve as 'template' for future activism

Paulson's campaign could have implications across the sector, where activism is historically low, returns have been disappointing, compensation is above-average and insider ownership is below-average.

Barrick ups investment in Reunion Gold, hopes for big payoff in Guiana

The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.

Wesdome upgrades Kiena resources, extends Deep A zone along plunge

Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d’Or.

Detour Gold interim CEO, chairman lose out to Paulson nominees

Paulson, who owns about 6% stake in the gold miner, had nominated eight members to the board.

Barrick aborts earn-in joint-venture on ATAC Resources’ Orion project

Shares of ATAC Resources plunged 25% on news that Barrick Gold is terminating its earn-in joint venture on the junior’s Orion project.

Gold Fields to restart production in South Africa as workers return

Workers downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.

Sibanye-Stillwater extends wage agreement to striking gold workers

Potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.

Kirkland Lake drills high grade extensions at Fosterville

The company expects to produce at least 330,000 oz. gold in 2018 at Fosterville.

OK2 buys three mines in Scandinavia

Together with the acquisition, the Vancouver-based miner will change its name to Norra Metals Corp.

Minera Alamos gets funding for Mexican gold project

The Toronto-based miner needed to complete a change of land use payment.

Granada updates resources in feasibility study

Pit constrained measured and indicated resources are 22.4 million tonnes grading 1.13 g/t gold and containing 813,000 oz.

Power Ore buys former Falconbridge Opemiska complex

The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.

Casa discovers new zone at Pitman in BC

Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km.

Barrick is said to move closer to resolving Acacia dispute

A deal would be a major victory for Bristow as he prepares to take the helm of Barrick in January

Canadian universities not keeping up with mining industry demands—report

Undergraduate mining engineering program enrollment dropped 12% between 2015 and 2016.

Toronto miner Amarillo allowed to stay in Brazil

The company received approval for a three-year extension of its mining concessions for the Posse gold deposit.

Iamgold eyes growth in Burkina Faso, unveils resource estimate for Gossey

Combined indicated and inferred resources for the satellite deposit, located 15 km northwest of its Essakane operation in Burkina Faso, amount to 376,000 gold ounces.

Commercial production to begin at Ontario's new high-grade gold mine

Harte Gold's Sugar Zone mine is on track to declare commercial production before year-end.