Gold Mining News

Losses persist at Kinross

Second quarter revenues beat estimates and Toronto-based gold miner sticks to record output prediction for 2016.

Will the gold bull market resume after the summer correction?

Only time will tell which candidate will be triumphant in November, but in the meantime, one of the winners might very well be gold, which has traditionally attracted investors in times of political and economic uncertainty.

Barrick shares slammed after results disappoint

Revenues and earnings below forecasts, but world's top gold producer continues to slash costs.

Skeena Receives Drill Permits for Snip

Skeena Resources Limited is pleased to announce that exploration permits have been granted for the proposed diamond drill program on the Company’s Snip gold project in the Golden Triangle of northwest British Columbia.

Interview with The Silver Institute's Mike DiRienzo – 'The fantastic world of silver'

We talk about the silver supply/demand argument, the various uses for silver that you probably didn’t know about, as well as new revolutionary applications for silver and much more.

Gold and Pork Bellies

Gold is traded on the currency desks of all major banks and brokerages, along with dollars, euros, yen and pounds, and not the commodity desks along with other commodities – the FX traders know gold is money.

Peru losing its battle against illegal gold mining

A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.

Successful and sustainable mining industry key to building Mali’s economy — Randgold

Randgold’s mines in Mali annually accounted for between 7% and 11% of the country’s GDP, with Loulo having already contributed $2.3 billion to the country’s economy.

Antofagasta lowers full-year copper output target, says surplus shows little sign of easing

The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.

Barrick in talks with South African miners to sell stake in Acacia — report

The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.

ARM and RJC strengthen collaboration to facilitate responsible jewellery supply chains

ARM and RJC share objectives to promote responsible precious metals supply chains, and will continue working together to ensure their standards and assurance models are mutually supportive.

Road re-alignment commences for new Penny’s Find gold mine

Cardno Spectrum Surveyors of Kalgoorlie has been commissioned to commence survey work

China gold imports fall in June on higher prices, inventories

Net gold imports dropped 38.5% to 70.886 tonnes in June, down from 115.29 tonnes in May, according to The Hong Kong Census and Statistics Department.

Surge in gold prices brings no change in fortune for Madagascar's miners

Lack of investment and regulation means life is hard for the men, women and children panning for tiny fragments of gold along the island’s river beds.

Caterpillar further cuts profit, sales forecast

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

Scientists hit back against Pebble's demands as EPA fights lawsuit

Pebble Limited Partnerships has re ignited the debate around Federal overreach in the mining industry with its latest efforts to overturn a controversial project veto from the Environmental Protection Agency (EPA).

Remembering gold's bullish set-up on Dec. 1, 2015

Precious metals expert Michael Ballanger compares the Dec. 1, 2015 Gold COT Report with the latest one; the contrasts could not be greater.

India's gold trade is imploding

Indian bullion drops to $65 discount to the global gold price despite imports falling off a cliff.

The US dollar's impact on gold and silver

Technical analyst Jack Chan charts a breakout of the U.S. dollar and comments on its implications for gold and silver.

Gold demand remains stable during sector weakness

The amount of Gold in GLD has risen steadily even as Gold consolidated a few months back and has been stable in recent weeks even as Gold and gold stocks correct their Brexit breakouts.

Randgold identifies exciting new prospects in Côte d’Ivoire

Randgold Resources’ Tongon mine has completed the final phase of its extensive crusher expansion and mill circuit upgrade project.

David Morgan: This is very likely going to be the biggest move in the precious metals complex in modern times

David Morgan thinks gold and silver have already hit bottom, and because of the unique situation in the world today, he wouldn't rule out gold lifting to $10,000!

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Abitibi mines the Web in search of royalty riches

When Ian Ball, CEO of Abitibi Royalties, (TSXV:RZZ) is asked why he decided to get into the royalty business rather than taking the more traditional route of building a prospect into a mine, he likes to reference Usain Bolt.

S. African mining firms support Gov't efforts in respect of unclaimed lung disease benefits

The six mining companies which form the Occupational Lung Disease Working Group said they support the work being done by the national departments of Mineral Resources and Health to ensure that former mineworkers are able to claim all the benefits they are entitled to.