Gold Mining News

Condor Gold a step closer to begin building Nicaragua mine

Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.

Barrick’s Acacia Mining keeps suffering from Tanzania row

Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.

Hitching gold to the electric vehicle bandwagon

Don't get your hopes up.

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

Nigeria to offer 12.7 bln naira mining contract to eight firms

Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday.

Indians are falling out of love with gold — and millennials are partly to blame

Indians’ love affair with gold is cooling.

Nautilus Minerals tanks on shipbuilding contract cancellation

Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.

Freeport operating permit for Grasberg extended until end of July

Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions over long-term rights continue.

Gold price 'cleared for rally' after hedge funds dump 700 tonnes

Large scale gold price speculators have cut bullish positions to levels last seen at the end of 2015 when gold hit a 6-year low of $1,050 an ounce.

Sibanye cuts South Africa gold output forecast after deaths

Sections of Sibanye’s Masakhane mine, where an earth tremor resulted in the death of seven workers, have been shut for rehabilitation until February.

Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery

Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts.

Newmont's Twin Creeks achieves commercial production

All-in sustaining costs of between $650 and $750 per ounce.

CHARTS: Halfway through 2018 and the mining rally is over

“China’s buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector."

Platinum price plunges to 14-year low

Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes.

Indonesia close to acquiring Freeport's Grasberg copper mine

Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion.

Oil and mining sector continue to grow in Peru

The mining sector showed an interannual growth of 0.16 per cent in May.

Noront Resources seeks exploration partner

Noront CEO said the move is necessary as the company continues to lead exploration in Ontario’s massive Ring of Fire.

Richest man in Mexico partners with Goldcorp

Minera Frisco and Goldcorp’s subsidiary Minera Peñasquito are joining forces in Zacatecas.

A self-exiled ex-fugitive is making Mexican billionaires nervous

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico with presidential front-runner Andres Manuel […]

Sibanye, Regulus join efforts to develop Argentina’s Altar project

Sibanye Canada and Regulus’ newly formed Argentinean subsidiary Aldebaran Resources will create a strategic partnership to unlock value at the copper-gold project, located in the San Juan province.

Centerra mine’s future up in the air as Kyrgyzstan to review deal

The parliament’s revision of the strategic agreement, set for September, may lead to increased environmental payments for the Canadian miner.

SEMAFO pours first gold at Boungou mine

SEMAFO Inc is pleased to report that it has completed its first gold pour at the Boungou Mine in Burkina Faso, slightly ahead of the original schedule. The first pour yielded approximately 325 ounces of gold.

Gold Exploration in US Great Basin fueling resource growth

Liberty Gold Corp. attracted the attention of RCF Opportunities Fund L.P., which took an 8.4% stake via a private placement in January. The company raised C$10.5 million at $0.42/share and is now in a position to move forward with its aggressive exploration programs.

All eyes on the golden triangle as summer drill season begins

Industry watchers are keeping their eyes on summer drilling in British Columbia's Golden Triangle for signs of the next GT Gold or Garibaldi Resources.