Gold Mining News

McEwen’s Gold Bar mine on track for commercial production in Q1 2019

The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life at cash costs of US$770 per oz. and all-in sustaining costs of US$843 per oz.

Gold Miners’ Q3’18 Fundamentals

Q3 which proved challenging for miners as lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted.

Asia Gold-India swings to premium; benchmark price dip lends appeal elsewhere

Dealers in India were charging a premium for the first time since early September -- of up to $3 an ounce over official domestic prices this week.

Canadian junior grows in Newfoundland

White Metal is expanding its gold property located in the Botwood Basin.

OceanaGold to acquire gold/silver project in Nevada

The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend.

Gold miner smuggles in workers by night to bypass strikers

Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.

Philippines to allow some halted mines to resume operations with conditions

The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.

Endeavour increases indicated resource 90% at Kari Pump

The company has now upgraded 90% of its Kari Pump resource to the indicated category.

Sandstorm Gold board approves $18m share buyback, shares jump

The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.

Mining solutions firm receives patent for gold extraction process

This company's system, which is portable and nontoxic, affords mining companies cost and time efficiencies.

Wheaton Precious Metals shares drop after reporting third quarter results

Adjusted net earnings were $35 million, a 49% drop from $67 million in net earnings in the third quarter of 2017.

A prospecting family, sitting on a literal goldmine, are calling in the professionals

What do you do if you’re a family that owns significant gold mineralisation, and you’re seeking commercial support to extract the full potential?

Paulson seeks immediate resignation of Detour Gold's CEO

The company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable to exaggerate cash flows."

Silver Range to sell Nevada gold mine

Silver Range sampled the back of a collapsed stope in the Gold Chief property and the results returned 14 m at 1.93g/t gold including 4 m at 3.86 g/t gold.

Antofagasta approves $1.3B expansion of Los Pelambres mine

Company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

Paulson & Co keeps stake in gold investments during Q3 -filing

New York-based Paulson & Co maintained its stake as spot gold prices declined more than 5%

Premier Gold Mines locks up land next to South Arturo, Nevada

Under the agreement, Premier Gold can acquire a 100% stake in the 206-hectare Rodeo Creek land package.

Golden Ridge closes option deal with Barrick for 100% interest in Hank Project

Golden Ridge spent $4 million on exploration at Hank and completed nearly 11,000m of diamond drilling.

Sibanye-Stillwater signs three-year gold wage agreement with unions

Sibanye-Stillwater currently employs over 32,000 people at its South Africa gold operations.

Iran hangs gold coin ‘sultan’ in crackdown after US curbs

Iran executed a gold dealer known as the “Sultan of Coins,” in a warning to merchants not to exploit the country’s financial troubles as U.S. sanctions squeeze the economy.

Ray Dalio’s faith in gold unshaken even amid investor exodus

Gold’s second straight quarterly decline was not enough to shake billionaire hedge-fund manager Ray Dalio’s confidence in gold.

Xiana pays Glencore $25 million for Chilean operation

The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.

Worker strike forces IAMGOLD to suspend operations at Suriname mine

The miner said the strike is a breach of the Collective Labour Agreement.

Pan American Silver buys Tahoe Resources for $1B

Deal creates one of the world’s biggest silver mining companies.

Tasca acquires Selish Mountain property in historic gold zone in BC

Tasca believes the historic exploration was solely focused on copper.