Gold Mining News

Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

The government declared the accident a disaster.

Scientists take a look inside rare wire gold specimen

Known as the Ram's Horn, the sample is so rare that it has been impossible to cut into it or analyze it with x-rays.

Thirty-year-old inactive mine to host Australia’s first clean energy storage facility of its kind

Terramin's Angas zinc mine will host a 5 MW Advanced Compressed Air Energy Storage facility.

IBM steps up efforts to help miners improve health and safety records

The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.

Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.

Gold-stock mega-mergers bad

Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.

India, Japan demand falls; holiday hangover dulls trade elsewhere

Until there is a solution to what is happening globally with Brexit and trade talks, we might see no clear direction.

Zimbabwe set to retrieve trapped illegal miners, more casualties expected

The miners were trapped on Tuesday night when the shafts they were working in were flooded after a nearby dam burst.

Centamin sees mineral resources more than doubling in Côte d’Ivoire

The miner has added 780,000 indicated ounces of gold to its Doropo project in Cote d’Ivoire, taking the its overall resource to over 2 million ounces.

Monarch resumes drilling program in Quebec

Before it was suspended, the 2018 diamond drill program enabled the company to extend the limits of the deposit, returning numerous intersections with high-grade gold values.

Investors applaud Yamana Gold’s Q4 results

Yamana Gold’s stock was up 4.65% in after hours trading.

Northwest Territories government signs contract to build Tlicho Road

Fortune will undertake the construction of a road from the mine site to Whati, a village is only 50 km south of Fortune’s NICO mill project.

Technology to redesign 77% of Australian mining jobs over next five years — report

An injection of A$5 billion to A$13 billion in workforce capability will be needed over the next decade.

Barrick CEO says cuts to take miner beyond Thornton’s path

Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level.

Silvercrest finds another vein at Las Chispas

The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.

Barrick Gold faces challenges to develop Latin America mines

Seven weeks into the job, Barrick Gold Corp.’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last year.

Sibanye-Stillwater may cut nearly 6,000 jobs in gold shake-up

Sibanye-Stillwater said it had entered into talks with stakeholders on restructuring its gold operations following financial losses at the Beatrix 1 and Driefontein 2,6,7,8 shafts during 2018.

Sierra Metals one step closer to expanding Yauricocha mine in Peru

Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.

Dundee ups 2018 revenue, net earnings

The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million.

Newcrest Mining H1 profit surges 104% on strong gold production

The rise was buoyed by an increase in gold production and lower cost of mining.

BMO: Silvercrest Metals could be ‘takeover candidate’

SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”

Boliden Q4 core profit ahead of expectations, total dividend below

The company proposed a total shareholder payout of 13 crowns per share, composed of an ordinary dividend of 8.75 crowns and an extra payment of 4.25 crowns through an automatic share redemption.

Russia says its gold output rose to 314 tonnes in 2018

In the previous year, Russia's gold output was 306.9 tonnes and silver output 1,044.3 tonnes.

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.