Gold Mining News

Barrick and Tanzania reach proposal to settle country’s row with Acacia

The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.

Should we declare emergency for gold?

Sixteen states sue Trump over border wall emergency. Is it good or bad for the yellow metal?

First Mining hits higher recoveries in tests at Springpole

The company intends to incorporate its metallurgical test results into an updated preliminary economic assessment (PEA).

More high grades from Indin Lake for Nighthawk

A new discovery at Fishhook returned up to 174.50 g/t gold in grab samples.

OceanaGold's shares up after reporting 2018 financials

The company’s cash balance increased 47% year-on-year.

Gold price jumps to 10-month high

Gold should “break free” in 2019 amid a scarcity of safe havens says SocGen.

South Africa's AMCU calls on Sibanye platinum workers to join strike

AMCU has been on strike since mid-November over a wage dispute - after losses at some of its mines last year.

Hedge fund reaps huge returns but it doesn't want your money

The key to getting monster-sized returns in mining equities is to be small - Plethora Precious Metals Fund

Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile

This is not the first time the Chilean watchdog has fined Lumina.

Bernstein quants join bulls on gold sector as cycle darkens

Another hundred dollars in the gold price and the equity window will open.

South Africa's AngloGold looks to streamline assets, Argentine mine up for sale

It is very important that we can see the assets in our mix have long-term potential and to the extent that they don't or there is other strategic reasons to disinvest, we will do that.

Canadian regulator clears Newmont’s $10B merger with Goldcorp

The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.

Barrick’s CEO visits Papua New Guinea to support extension of Porgera mining lease

“Without the security of an extended mining lease, it would be difficult to justify further significant investments in the mine,” a statement by the Canadian miner reads.

Waterton steps up efforts to oust Hudbay Minerals CEO, board of directors

Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."

BHP urges miners to create global body to oversee tailings dams

CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.

These 20 analysts forecast gold price above $1,400 in 2019

Two-thirds of 30 analysts polled by the LBMA see double digit gains for the gold price 2019, but the ride will be bumpy.

How South African mines cope with power cuts

The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.

Grasberg hasn't received new copper export permit

Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.

Australian mine to host first of its kind clean energy storage facility

Terramin's Angas zinc mine will host a 5 MW Advanced Compressed Air Energy Storage facility.

Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

The government declared the accident a disaster.

Scientists take a look inside rare wire gold specimen

Known as the Ram's Horn, the sample is so rare that it has been impossible to cut into it or analyze it with x-rays.

IBM steps up efforts to help miners improve health and safety records

The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.

Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.

Gold-stock mega-mergers bad

Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.

India, Japan demand falls; holiday hangover dulls trade elsewhere

Until there is a solution to what is happening globally with Brexit and trade talks, we might see no clear direction.