Gold Mining News

Look away from the US and gold prices are soaring higher

Gold may be trading at its lowest in 18 months in dollar terms but look at the precious metal in other currencies and you can see it’s still serving its role as a safe-haven asset.

CHARTS: Warning for bears as gold price drops through $1,200

Hedge funds' bearish bets hit new record amid historically low gold price volatility as new report warns of "complacency" and "trend projection".

First Majestic shares hammered after reporting $40 million-loss

It also recorded an impairment charge of $31.7 million, or $20.5 million net of tax, related to placing the La Guitarra mine on care and maintenance.

Fate of Canadian gold miner in Uruguay uncertain

Orosur says that the scarcity of alternative sources of ore at its Uruguayan project is resulting in financial liquidity constraints.

New lawsuit against EPA for Gold King Mine spill

A federal court in Albuquerque received a lawsuit filed by 295 Navajo farmers and ranchers against the federal agency.

Barrick ‘was almost dead’: Thornton pulls no punches on gold miner’s missteps

Barrick's plan going forward includes increasing its portfolio of so-called tier 1 assets over time, and gradually shedding anything that’s not tier 1 or deemed to be “strategic.”

Gold fever hits Newfoundland

Miners are acquiring different projects in the Moosehead Gold District.

Pretium Resources grows cash by $72 million, produces 111,340 ounces of gold

The company is up 18.5% today to $12.04 a share.

Nevsun asks shareholders to reject Lundin's hostile bid

Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp.

Randgold not yet paying new higher Congo tax and royalties – executives

Randgold Resources is not yet paying the higher royalties and taxes required by the Democratic Republic of Congo's new mining code as the gold miner is still negotiating with the government.

This $6.2 million mansion was once 40-room hotel for gold miners

The Goldminer Hotel, established in 1919 at the entrance of the Little Daisy Mine in Jerome, Arizona.

Discovery of an ancient gold earring echoes of Greek rule over Jerusalem

A gold earring believed to date back more than 2000 years has been unearthed near the site of the ancient Jewish temples in Jerusalem, in what Israeli archaeologists called rare evidence of Hellenistic influence.

Glencore credits China's 'Blue Skies' program for strong H1

Protectionism could limit future growth.

Yamana Gold names new CEO, creates executive chairman role

Founder gives up CEO role.

Premier Gold revenues decline on changing geological interpretations

At Premier's Mercedes Mine production and costs were impacted by differences in the orebody geometries as compared to the original models. 

Latin America-focused copper miner now eyeing Canada

Westminster Resources to buy a land package in the Ronge district of Saskatchewan.

Condor gold receives environmental permit to construct and operate a new mine at LA India project, Nicaragua

Condor Gold has received an environmental permit for the development, construction and operation of a processing plant and its associated mine site infrastructure at its La India Gold Project, located in Leon, Nicaragua.

Condor Gold to start building mine in Nicaragua

Despite the political unrest in the Central American country, Condor has received an environmental permit for the development of a processing plant and associated mine site infrastructure at La India gold project.

Copper supply woes on show with No. 2 mine output to halve

Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations.

Saudis discover 1,200-year-old mining hub

Dawadmi is presumed to have been a hub from where mining products were exported 1,200 years ago.

Massive gold treasure found in Kazakhstan

Archaeologists unearthed 3,000 gold and precious metals objects and jewelry pieces.

Canadian junior ready to start drilling for copper in Spain

Pan Global’s subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project.

Death, diamonds and Russia’s Africa Project: Leonid Bershidsky

The killing of three reporters in the Central African Republic pulls a private, pro-Kremlin military company out of the shadows.

USTR reviewing Turkey's trade preferences after tariff retaliation

Imports of jewelry, precious metals and stone products would be under the microscope.