Gold Mining News

Gold stocks rocket as investors seek safe haven

Investors running for cover from tanking stocks and faltering global economy pile into gold mining sector after gold price spikes $70 an ounce.

Glencore to sell gold and silver to Franco-Nevada in $500 million deal

Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”

Gold investment market is getting physical

Physical ETF outflows persist, but strong market for coins and bars see overall investment demand jump in 2015 according to World Gold Council.

Centerra Gold 2015 year-end reserve and resource update

The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.

Tahoe may go after Goldcorp’s assets in Ontario — report

Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".

Hope fades for three gold miners trapped underground in South Africa

The three workers were trapped on Friday morning, when the lamp room where they were on duty collapsed into an 80-metre hole.

EPA says Colorado mine spill dumped 880,000 pounds of metals into river

The report didn’t identify the metals but said researchers were looking at cadmium, copper, lead, mercury, nickel and zinc.

India hikes import tariffs on gold and silver

Move is a fresh attempt to curb costly imports and stop precious metals from being used to hide billions of dollars of undeclared "black money".

Congo gives up plans to change mining code

The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.

Through the looking glass on rates

Contemporary economists like to suggest that markets should become comfortable with negative rates and accept that they have an important role to play in the "science" of modern finance. But this analysis ignores the fundamental absurdity of the concept.

INFOGRAPHIC: Millionaire to billionaire – how long does it take?

It only took 2 years for Mark Zuckerberg to go from millions to billions, but he is the exception to the rule.

Government throws lifeline to BC mines

The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.

I’ve never liked gold—but I do now: Trader

Gold continues to gain the favour of some long-time skeptics.

AngloGold says Ghana troops need to protect Obuasi after attack

AngloGold Ashanti asked Ghana to redeploy troops at its Obuasi mine after an employee died in an attack by hundreds of illegal miners on the facility last week.

Colombia bans mining in country’s vast moorlands

Mining in the area of the Andes mountains right above the continuous tree line had been prohibited since 2011, but concessions granted before such ban had continued to date.

Indonesia sends team of experts as worker still trapped at Newcrest mine

The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.

The anatomy of a mine site visit

Canarc Resource Corp (TSX:CCM) - site trip - mucho potential at El Compas

INFOGRAPHIC: Investing in the rise of the new spending class

The world’s most populous country has been the primary engine of economic growth for decades, but recently investor optimism around China has diminished significantly.

Joe Reagor's equity picks for patient pickers

Reagor outlines types of companies he prefers and pairs those with names that patient investors could parlay into promising profits.

Randgold raises dividend despite profit slump

The firm also said it would continue to invest in exploration, which remains the engine that drives its business.

Gold bulls keep smiling — metal price pushes past $1,200 mark

Spot gold reached a peak of $1,201.40 an ounce, it highest level since mid-June.

Tahoe Resources adds Canadian gold mines to portfolio by buying Lake Shore

Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).

Alecto Minerals strikes JV deal with Randgold for Mali project

Once deal is completed, Randgold would fund all costs, including the completion of a pre-feasibility study on over the former's Kossanto West Gold Project in Western Mali.

Mongolia’s Gatsuurt project faces uncertainty

The nation has struggled to manage its resources leading to disagreements and protests of mining operations.

China FX reserves fall almost $100 bln to lowest since May 2012

The size of the drop was second only to the $107.9 billion fall in December, the largest monthly decline on record.