Gold Mining News

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.

Will Chinese dragon boost or devour 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

Mali mine takes B2Gold 2017 output to record high

This is the ninth consecutive year the Canadian miner achieves record annual gold production.

Mining profits are super-charged and BlackRock wants to get paid

“A lot of investors were really badly burned, ourselves included.”

The role of exotic animals in California’s Gold Rush

Together with hundreds of people, exotic animals arrived in California during the Gold Rush of the 1850s.

Klondex shrinks Manitoban operations

The Vancouver-based company announced the immediate reduction of underground mining operations and workforce at its True North mine.

Lundin Gold to start building Ecuador's largest underground mine

Fruta del Norte is expected to produce 340koz of gold per year over 13 years.

Pancontinental in the quest for “blue gold”

The company is looking in Canada, the world's No. 3 cobalt producer.

Reform overdue to drive growth and protect Australia from future downturn

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.