"The stage appears set in favour of precious metals for the year ahead"
Gold Mining News
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.
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.
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 is considering hiving off its South African operations and listing in London or Toronto.
Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it’s clear they are in a downtrend.
According to local media, people are blaming the miner for polluting the Mashcón river and its tributaries.
Up till now, metals were printed onto fabrics by coating the fabric with plastic.
But only sliver of funds raised destined for mining and metals
Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.
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.
Local gold prices in India touched their highest since July 2016 this week.
The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.
The company's Main Ridge project is located in an area where Spaniards mined placer gold in the 16th Century.
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.
“Supply is shrinking and that is going to have a positive impact on the price”
The company says the deposits are higher grade than previously thought.
The company is currently drilling its Coringa gold project and aims to update its resource by the end of 2019’s first quarter.
Wesdome produced 71,625 ounces of gold in 2018, a 21% increase from 2017’s 58,980 ounces.
Environmentalists say the tribes are the last guardians of the rainforest and opening their lands to commercial activity will speed deforestation of the Amazon.
Woodman was an accomplished and respected geologist with a career spanning over 30 years.
McEwen, 68, is a fixture in Canada’s tight-knit gold mining community.
New funds inject new life to existing projects.
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.
Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.