Gold Mining News

Contact Gold raises C$4m to drill Pony Creek, stock jumps

The company also holds ten other properties on the Carlin, Independence and Northern Nevada Rift gold trends.

Québec government invests $1.2 million to advance Newmont Goldcorp's 'mine of the future'

The project will enable Newmont Goldcorp to continue advancing its vision to create mine 4.0— an interconnected mine of the future.  

Gold miners must focus on returns, mergers to attract investment – Barrick CEO

Gold miners have for years been accused of eroding profits through expensive deals but the takeovers of Randgold by Barrick and Goldcorp by Newmont have spurred speculation about a pick up in long-dormant gold M&A.

Zimbabwe mine output subdued in first quarter as dollar crunch bites

Gold deliveries to central bank unit Fidelity Printers and Refiners, which buys all the country's gold, declined to 6.5 tonnes from 7.3 tonnes during the January-March quarter.

Philippines exempts gold sales to central bank from taxes to boost foreign reserves

By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.

California project yields high-grade mineralization for Rise Gold

The Vancouver-based miner is exploring the past-producing Idaho-Maryland gold mine, located near Grass Valley in northeastern California.

Newcrest starts drilling at Greatland Gold’s project in Western Australia

The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.

Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

Wallbridge extends Area 51 zone at Fenelon project

Several new holes have cut wide zones of mineralization with intervals of visible gold extending Area 51 by 250 metres to the northwest.

ATAC Resources to begin phase one exploration at Rau

The current program will follow up on high grade gold-copper-silver results from last year.

Osprey to drill 3 properties in Nova Scotia, including Goldenville

The Goldenville project in Guysborough County is Osprey’s most advanced project and the province’s largest historic gold producer.

Miner Fresnillo warns of "more challenging" 2019

Fresnillo, which mines gold and silver in Mexico, said silver output dropped last month mainly due to lower grades of ore and lower ore throughput.

Scientists replicate medieval gold purification technique

American researchers proved that a purification method that dates back to the 10th Century still works.

Canada’s Pure Gold starts trading in London

The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.

SolGold in talks to finance long-life Ecuador copper project

Ecuador has attracted a flurry of interest from big miners eager to increase their exposure to copper.

Tanzania fines Acacia Mining $2.4m over alleged pollution

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Peru leader seeks to rebuild trust in graft-hit political class

Underpinning investor confidence are the country’s vast mineral riches.

Venezuelan NGO says illegal mining runs rampant in protected, Indigenous land

Kapé-Kapé says that guerrilla groups and illegal miners have joined forces and are destroying protected areas in the southern Bolívar state.

McEwen provides update on fatal accident at Gold Bar Mine in Nevada

Preliminary analysis by McEwen Mining suggests that the truck driver may have suffered a medical emergency while operating the haul truck prior to losing control, running up an embankment and overturning.  

Canada injects $325K into ‘climate change adaptation’ for mining sector

Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.

Gold Miners’ Q1’19 Fundamentals

The major gold miners’ stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria.

StanChart is said to hire JPMorgan's top mining banker in Asia

Michael Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, sources said.

South African court clears way for Sibanye’s acquisition of Lonmin

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.

Northern Superior discovers gold-bearing structures at massive TPK project in Ontario

The miner said the discoveries represent an important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold grain-in-till dispersal apron that the property hosts.

IAMGOLD rejects rumours of planned assets sale

The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.