Gold Mining News

Slower growth weighs on base metals but constructive for gold, CIBC says

"The stage appears set in favour of precious metals for the year ahead"

Prospero begins phase 2 drilling at Pachuca

The 66.7 sq. km project sits 24 km southeast of the city of Pachuca and along strike from the historic Pachuca-Real del Monte epithermal vein camp.

Barrick mulls selling Zambia copper mine over higher taxes

While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.

Australia's MOD rebuffs Sandfire’s $63m takeover bid, but willing to negotiate

MOD also said it would raise about A$15 million via a share placement and rights issue, with the majority of the proceeds to be used to advance the T3 copper project in Botswana towards production.

AngloGold faces South African dilemma as M&A gold rush quickens

AngloGold is considering hiving off its South African operations and listing in London or Toronto.

Gold stocks remain in a downtrend

Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it’s clear they are in a downtrend.

Combayo residents to protest against Minera Yanacocha in northern Peru

According to local media, people are blaming the miner for polluting the Mashcón river and its tributaries.

Gold, silver and platinum now printed directly onto fabrics

Up till now, metals were printed onto fabrics by coating the fabric with plastic.

Record $93B private capital flows into natural resources

But only sliver of funds raised destined for mining and metals

Mali's gold production up 23% in 2018

Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.

Burkina gold miners shaken by Islamic terror

This week, the country’s parliament voted to extend a state of emergency that has been in place since Dec. 31, by six months – following a string of terrorist incidents in several northern provinces, included the recent murder of Canadian geologist, Kirk Woodman.

Indian demand lags on price surge; all eyes on Lunar New Year

Local gold prices in India touched their highest since July 2016 this week.

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.

Carube Copper finds high grades in Jamaica

The company's Main Ridge project is located in an area where Spaniards mined placer gold in the 16th Century.

Brazilian general with mining ties to solve industry-indigenous disputes

General Franklimberg Ribeiro de Freitas’s return to the country’s Indigenous Rights Agency (Funai) is seen by many as positive, as the agency has lost funding and authority on land issues.

Billionaire Zell buys gold for first time in bet on tight supply

“Supply is shrinking and that is going to have a positive impact on the price”

Moneta upgrades, expands resources at Golden Highway

The company says the deposits are higher grade than previously thought.

Serabi Gold hits quarterly record for gold production

The company is currently drilling its Coringa gold project and aims to update its resource by the end of 2019’s first quarter.

Wesdome delivers 2019 guidance and grade increase at Eagle River

Wesdome produced 71,625 ounces of gold in 2018, a 21% increase from 2017’s 58,980 ounces.

Brazil general with mining link takes over indigenous agency

Environmentalists say the tribes are the last guardians of the rainforest and opening their lands to commercial activity will speed deforestation of the Amazon.

Canadian geologist Kirk Woodman murdered in Burkina Faso

Woodman was an accomplished and respected geologist with a career spanning over 30 years.

Gold bull McEwen sticks with his $5,000 call as pot stocks peak

McEwen, 68, is a fixture in Canada’s tight-knit gold mining community.

Northern Superior moves forward with projects in Ontario and Quebec

New funds inject new life to existing projects.

Avesoro Resources shares jump after exceeding 2018 gold production target

Avesoro’s annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with its New Liberty mine in Liberia alone churning out 109,107 ounces.

Mining the Americas in 2019 — a forecast

Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.