Gold Mining News

Nevada Copper building first US copper mine in a decade

Pumpkin Hollow goes into production next year, but the underground mine is only the first phase of a planned Nevada copper operation four times the size.

Gold exodus to reverse

Investors have pulled much capital out of gold in recent months in a major mass exodus.

South Africa's NUM union signs wage deal with AngloGold

South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti, inking the same agreement that other unions reached with the company earlier in the week.

Philippines halts quarry operations after deadly landslide

The Philippines temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble.

Paulson joined by 15 investors in council to oversee gold miners

The billionaire hedge-fund manager has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector.

Central bank demand for gold reaches 3-year high

Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.

Three dead, several injured after attack at Continental Gold site in Colombia

This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia.

Mining industry’s adoption of blockchain not a question of if, but when — report

Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says.

Is gold strength imminent as commercial buyers get long?

For the first time in 17 years commercial participants in gold futures flipped their COMEX positioning to net long.

Gold stocks remain in downtrend but uranium stocks on the cusp of new bull market

Gold stocks failed to breakout in the spring and then broke down to multi-year lows by September.

Sun Metals Corp. added to Oxygen Capital’s fold

Integrated mining development company rolls investment dice on its first major B.C. project.

Lundin lowers costs, ups reserves for Ecuador's largest underground mine

The asset, discovered in 2006, is expected to produce to 4.6 million ounces of gold over a 15 year mine life. That’s 73,000 ounces more than what was indicated in the previous estimate.

Metminco jumps into the battery metals wagon with nickel project buy

Until now, the Australian miner had been advancing exploration projects in Latin America focused mainly on gold, but with significant exposure to copper, molybdenum and zinc.

Kirkland Lake Gold almost doubles stake in Osisko Mining

The move also expands Kirkland’s ownership of interest in the Urban Barry area of northwestern Quebec, which the company believes to be “highly prospective mining camp" in Canada.

Code to improve responsible sourcing in artisanal mining launched

The Alliance for Responsible Mining (ARM) and RESOLVE have released a code to facilitate increased responsible sourcing from artisanal miners, while contributing to improved social and environmental performance of artisanal and small scale mining sector.

Sibanye -Stillwater, Lonmin still committed to merger after competition watchdog decision

Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.

Tahoe Resources' Guatemalan unit announces new round of layoffs

Decision comes two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine.

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.

Eldorado demands $877m from Greece as compensation for permit delays

The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.

Most profitable mining companies in 2017

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South Africa imposes tough conditions on Sibanye-Lonmin deal

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

South African unions sign wage deal with AngloGold Ashanti

Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.

Small-scale miners trapped by landslide in the Philippines

Typhoon Mangkhut lashed the northern Philippines with winds of 205 kilometres per hour, gusts of 255 kilometers per hour and heavy rain that left at least 64 people dead.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Barrick Gold seeks Chinese partners, may slash headcount: Globe

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.