Gold Mining News

Boliden Q4 core profit ahead of expectations, total dividend below

The company proposed a total shareholder payout of 13 crowns per share, composed of an ordinary dividend of 8.75 crowns and an extra payment of 4.25 crowns through an automatic share redemption.

Russia says its gold output rose to 314 tonnes in 2018

In the previous year, Russia's gold output was 306.9 tonnes and silver output 1,044.3 tonnes.

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.

Peru environmental watchdog rules out tailings spill at Southern Copper mine

Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.

Hochschild Mining halts Peruvian mine on low silver prices

The company said that any potential restart would be dependent on market conditions.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

GT Gold expands Saddle South mineralization

The target is on the company’s flagship Tatogga property near Iskut in British Columbia’s Golden Triangle.

Key support levels for gold miners & gold juniors

Gold stocks have to do more to confirm they are in a new bull market.

Gold market in 2019: WGC versus LBMA

Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right?

South Africa's Sibanye-Stillwater may restructure loss-making gold shafts

Gold producers in Africa's most industrialised economy, have seen profits squeezed by rising costs, labour unrest and declining grades.

Newcrest sells Côte d’Ivoire project to Canada’s Roxgold in $30 million deal

Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.

Harmony Gold in talks to build solar power plant

Eskom's troubles are a big headache for heavy energy users in South Africa, particularly gold mining companies.

China scoops up more gold for reserves as global risks mount

While China’s holdings are the sixth largest by country, they account for only 2.4 percent of reserves, compared with more than 70 percent in Germany and the US.

Bougainville’s $58B gold-copper mine rights safe for now as Mining Act changes rejected

The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.

Northern Star shares up on better-than-expected exploration results at Alaska mine

The company’s stock closed Tuesday in Sydney 1.82% higher at A$8.97 on the news.

Benchmark drills 52 g/t Au and 846 g/t Ag over 3 metres

Drilling at Dukes Ridge in 2018 returned a best assay of 52 g/t gold and 846 g/t silver over 3 metres within a larger interval of 33.52 metres that graded 5.8 g/t gold and 128.7 g/t silver.

Golden Predator shares first bulk sample results

The overall grade for the bulk sample is estimated to be 20 g/t gold.

Central bank gold demand spikes to highest in nearly 50 years!

Perhaps it is no coincidence that the New York Fed made a stunning admission this week that the US dollar could lose its reserve status.

Russia's central bank to pay less for domestic gold from May

Russia has overtaken China to become the world's fifth largest state holder of gold.

As Maduro digs in, his aides hunt for emergency escape route

Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?

Pure Gold Mining releases feasibility on Madsen in Red Lake

Madsen is one of the highest grade undeveloped gold deposits in the world.

SEMAFO tables maiden resource at Bantou gold zone

SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.

AngloGold to pour first gold at Obuasi mine by year end

The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.

Italian populists target huge gold reserves and some cry foul

The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government.