Gold Mining News

Mali says negotiating mining code revision but could act unilaterally

Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]

Egypt’s sole gold-exporting mine reports high profits

January profits for the Sukari gold mine are making headlines in the country.

EPA not happy with Canadian miner’s zinc-gold project in Michigan

The project is being proposed by Toronto-based Aquila Resources.

EPA may be overstating claims from the Gold King mine spill

According to AP, an Albuquerque law firm filed 13 claims totalling $120 million, but a recently released EPA spreadsheet says it was 14 claims totalling $220 million.

Gold price calm to shatter as geopolitical crisis index hits 15-year high

Geopolitical turmoil not piercing bullion markets yet – gold in tightest weekly trading range in percentage terms since 2012; in dollar terms since 2007.

Mali says negotiating mining code revision but could act unilaterally

Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years.

Mongolia Oyu Tolgoi copper mine 2017 revenue drops 22% as construction delays weigh

Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year.

Asia Gold-India prices discounted as festival fails to lure buyers

Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week.

Gold miners’ Q4’17 fundamentals

The major gold miners’ recently-released Q4’17 results prove they are thriving, despite their languishing stock prices.

Venezuela gold reserve value falls 14% in 2017

Gold now represents just under 70 per cent of the Central Bank's international reserves.

Three tonnes of dore bars strewn across runway at Russian airport

Dore bars fell from the sky.

Sprott gold report: gold resilient despite market volatility

For the month of February, gold equities declined 10.10%, while gold bullion fell a modest 2.08%, as measured by GLD.

Big miners arrive in the DRC to go over new mining code

The companies have just resigned from the Congolese Chamber of Commerce.

Pinochet’s son mining permit application causes controversy in Chile

The Mayor of the city of Quilpué rejected the proposal.

Gold bull market in waiting

"The financial markets continue to expect an aggressive Fed going forward with four—even five—rate hikes this year and a continuing shrinkage of its balance sheet. Given this, gold has held up pretty well."

Canada’s First Cobalt buys US explorer, creates key supplier outside Congo

The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.

Ghanaian government wants to mediate between Gold Fields and its workers

The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.

Barrick chairman Thornton boosts ownership with major share buy

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

New effort to mine sea floor for minerals essential to new low-carbon economy launches in April

This cruise will identify an ocean area suitable for employing the process DPG has developed for mining nodules containing high concentrations of minerals.

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Newcrest shares hit after dam wall collapse

The miner declared that its performance for fiscal 2018 will be affected by the breach of a tailings dam wall at its Cadia gold mine.

Gold miner now in the blockchain business

Caza Gold and Arctic Blockchain merge.

US miners ask Supreme Court to end uranium mining ban near Grand Canyon

The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) have filed petitions asking the court to reverse the 2012 ban.

Taxes aren't the real problem with mining in Congo: Gadfly

There's a strange thing about the fear going through the global mining industry after theCongo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.