Large scale speculators in gold options and futures dump over 12 million ounces in three weeks, the fastest rate since government records began.
Gold Mining News
Taking as an example what’s happening at the Malartic mine in Quebec, the watchdog presented “conservative estimates” on possible actions against the gold and copper project in B.C.
Haywood believes that “conditions are ideal” for investment in the gold industry.
Stock climbed 12.94%, closing the session at 529p.
Under the new rules, banks will need a higher ratio of longer term, more pricey funding against the precious metal on their balance sheets, they argue.
The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.
If gold reaches that magic number it would confirm that the intermediate cycle low has been struck.
The new forecast is a response to OPEC's decision to limit production after a long period of unrestrained output.
With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.
The USD is up 5% in the last 3 months and gold is holding just above $1269/oz, as we write. The presidential election might be center stage but the possibility of a rate hike before the year end is being eagerly observed.
KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.
"We think the possibilities here are tremendous."
December Comex gold was last up $7.40 an ounce at $1,270.30.
The Canadian junior announced the acquisition of all properties and deposits from AurCrest Gold and Glencore.
Photo essay by Tomasz Tomaszewski.
The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.
Columbus Gold is a junior miner headquartered in Vancouver, with an exploration office in Nevada, and two primary assets – one in the US (Nevada) and one in South America (French Guiana).
Syanyonja Artisan Miners' Alliance has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.
MiningWatch plans to file a private prosecution against Mount Polley Mining Corporation and the B.C. government.
Soledad Mountain Project's gold and silver production is projected to average 74,000 oz and 781,000 oz respectively per year.
The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.
Last year, the country's cobalt production accounted for just over half of the world's output.
The company just took the next major step towards its ultimate goal of amassing over a million ounces of high-grade gold in an historic gold district in southern British Columbia.
Higher upfront costs but better ROI on massive gold-copper mine: Seabridge Gold.
After a slow start to 2016, the Kibali gold mine is picking up speed, with the substantial performance improvement forecast for the second half of the year already manifesting itself, Randgold Resources chief executive Mark Bristow said here today.