Gold Mining News

Dollar Update

The U.S. dollar has held up better than expected, says technical analyst Clive Maund, as he discusses its downside potential.

Revised South African charter poses threat to miners, says Moody's

Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation.

Seabridge Gold drilling set to begin at KSM’s Iron Cap deposit

Seabridge Gold announced today that core rigs are being mobilized to KSM to begin drilling two highly prospective targets: the down plunge projection of the Lower Iron Cap zone and a new target which could represent a fifth, higher grade deposit at KSM.

Freeport Indonesia workers to extend strike for a month – union

Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.

Gold ICL still 6 to 8 weeks away

Trader sentiment, technical conditions and price targets for both gold and miners are discussed.

Quebec explorer raises $4M, welcomes Eric Sprott and Osisko Mining as significant shareholders

Exploration on its Quebec property is up next for this junior after raising money from some prominent players, says The Critical Investor in this company update.

Goldcorp partners with FLSmidth to eliminate conventional slurry tailings dams

FLSmidth will be working with Goldcorp to develop EcoTails™, a new system to dramatically improve tailings and waste rock disposal.

Goldcorp sells Camino Rojo gold-silver project in Mexico to Orla Mining

The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

King's Wealth: Gold stocks playbook part 1

This is part 1 of the King's Wealth: The complete gold and silver stocks playbook, a series by Tom Beck, founder of Portfolio Wealth Global, that will continue over the next eight weeks.

Quebec explorer raises $4M, welcomes Eric Sprott and Osisko Mining as significant shareholders

Exploration on its Quebec property is up next for this junior after raising money from some prominent players, says The Critical Investor in this company update.

Top 10 financings of May 2017

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 financings for gold totalling $228.9 million, some 62.5% of the total.

Rio Tinto in search of next Oyu Tolgoi in Mongolia

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

China's Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project

With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.

Small-cap mining stocks, big-time opportunity

It’s a buyer’s market—if you know what you’re looking for.

Oreninc Index – Monday, June 19, 2017

Oreninc Index falls as the GDXJ rebalance finally happens.

Protesters block access to Tahoe’s Escobal silver mine in Guatemala

Protest seems to be about a variety of issues, including claims that mining at Escobal is causing seismic activity in Casillas, located about 20 km from the operation.

Osprey Gold – Tremendous upside in Nova Scotia's biggest mining district

For exploration companies, it appears that gold fever is back.

Mandalay’s mine fully flooded, trapped workers unlikely to be alive — Chile’s Army

A waterproof camera is expected to reach Monday the area where the miners are believed to have been working and where the shelter is located.

Hedge funds exit gold before Fed triggers worst rout in month

Prices fall as Fed raises rates, signals more to come. Investors exit SPDR Gold ETF at fastest pace this year.

Heavy snowfall disrupts rescue of workers trapped at Mandalay’s mine in Chile

It’s unknown whether the two workers are alive, as authorities have been unable to make contact with them.

SolGold soars after raising more than $41 million via share placing

The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.

Argentina lifts curbs on cyanide use at Barrick's Veladero mine

While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.

Lacking significant catalyst, Redstar Gold jumps 12% on 15x volumes

The junior mining market suddenly pivoted towards an Alaska-focused gold explorer today, which is advancing a high-grade gold play in Alaska.