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.
Gold Mining News
The rebound in the precious metals sector continues.
Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange.
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.
Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.
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 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.
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.
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.
Since Trump’s election, stock markets rocketed. This extreme rally has left stocks exceedingly overvalued and overbought. A major selloff is long overdue.
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 discusses Metcalfe’s law and how it applies to bitcoin.
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 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%.
With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.
Past-producing Snip mine delivers again for Vancouver junior six months after acquiring property from Barrick Gold.
China may slow down its U.S. debt buying. Will gold rally or plunge, then?
Yamana Gold provides preliminary 2017 operational results and an update on construction activities at Cerro Moro
There was strong production momentum, which continued into the fourth quarter and for the full year 2017
This is the ninth consecutive year the Canadian miner achieves record annual gold production.
“A lot of investors were really badly burned, ourselves included.”
Together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.
The Vancouver-based company announced the immediate reduction of underground mining operations and workforce at its True North mine.
Fruta del Norte is expected to produce 340koz of gold per year over 13 years.
The company is looking in Canada, the world's No. 3 cobalt producer.
Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.