Gold Mining News

Costa Rican presidential candidate blasts ecologists, says he would bring mining back

Conservative Diego Castro called environmentalist groups "eco-terrorists."

`Disastrous' deals sideline gold-mining M&A as metal rises

Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut back on mining deals.

Time to own gold: Sharps Pixley

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

Eldorado Gold reports in-line 2017 gold production

The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.

Barrick just makes 2017 production guidance

Only the Nevada operations of the Toronto-based gold mining giant increased output in 2017.

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

These four factors will boost gold demand in 2018 — WGC

Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said.

GoldCorp forecasts lower costs for 2018; shares on track for nine-month high

The company's 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.

Following detention, journalist publishes controversial story about Venezuela’s Mining Arc

Rampant violence and corruption are the norm in the mines of the southern Guayana region.

Despite 42-day strike, Gran Colombia surpasses 2017 production guidance

Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.

One big, potential catalyst for gold in 2018

The rebound in the precious metals sector continues.

Metals power higher as sickly dollar spurs copper-to-gold rally

Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange.

Acacia Mining's Q4 output down on Tanzania export ban

The London-listed miner said production in three months to Dec fell 30 pct to 148,477 oz. compared with a year ago and 22 pct from the previous quarter.

Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays

Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.

McEwen 2017 output fails to impress, but gold prices boost shares

The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.

Gold gains $21 in 3 days on T-bond selloff

Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York. 

Chinese bitcoin miners eye sites in energy-rich Canada

China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.

How China is locking up critical resources in the US’s own backyard

China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.

Stock selloffs great for gold

Since Trump’s election, stock markets rocketed. This extreme rally has left stocks exceedingly overvalued and overbought. A major selloff is long overdue.

Macroeconomic outlook for 2018 and gold

Luckily or not, 2017 is behind us. However, investors are forward-looking, so let’s focus on what the coming months will bring for gold.

Frank Holmes: gold – if you’re not long, you will be wrong

Frank discusses Metcalfe’s law and how it applies to bitcoin.

Planetary Resources a step closer to mining asteroids with spacecraft launch

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

Indonesia sets framework for Freeport to yield control of Grasberg mine

Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.

First Majestic expands Mexico footprint with $320M Primero Mining acquisition

With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.

Skeena shares take off on BC Golden Triangle drilling

Past-producing Snip mine delivers again for Vancouver junior six months after acquiring property from Barrick Gold.