Gold Mining News

Pivotal year for Canadian nickel explorer in pursuit of maiden resource

Investors in North American Nickel have waited patiently while the Vancouver-based company has made consistent and significant progress on its 100%-owned Maniitsoq nickel sulphide project. Will their loyalty be rewarded?

Mexus and JV partner MarMar confirm production at Santa Elena mine

Mexus Gold US along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine.

Eldorado Gold to halt all operations in Greece

Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.

Petra Diamonds shares crater after Tanzania seizes $15 million shipment

The diamond miner also had to halt operations at its Williamson mine as several key employees are being questioned by local authorities.

The oil market is bigger than all metal markets combined

Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.

Chart of the week: Economic Power

Long before the invention of modern day maps or gunpowder, the planet’s major powers were already duking it out for economic and geopolitical supremacy.

Blowing off the roof

Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling.

Asia gold-demand hit by high prices ahead of expected festival-led buying

Demand for physical gold in Asia could pick up in the coming weeks as India's festival season drives interest in the metal, after high prices kept buyers at bay again this week.

Anaconda Mining to fill Newfoundland pit with Nova Scotia tailings

When the company's Pine Cove pit mine stops producing in about eight months, work will begin to turn it into a tailings storage facility with capacity of up to 7 million tonnes.

South Africa's chamber of mines says sector "in crisis"

South Africa holds the world's biggest reserves of platinum, chrome and manganese, but investment in the sector has dropped in each of the past two years as a result of increasing legal uncertainty and labour disputes.

GoGold sells stalled Mexico project to Agnico Eagle for $80 million

The sale of Santa Gertrudis has given GoGold much-needed cash to pay off its $46.3-million debt with the Bank of Montreal.

Russia's Gokhran has bought only gold this year

Gokhran, part of Russia's finance ministry, was influential on the global platinum group metals markets in the 1990s and 2000s, when palladium stocks it accumulated during the 1970s and 1980s came to the market and depressed prices.

Gold price gains for 2017 top $200 after latest rally

Metal's status as hedge burnished on Thursday.

Australia state raises gold royalty, other mining fees to repair budget

Gold miners in Western Australia state are being hit with an increase in royalty payments under measures released on Thursday that are designed to return the one-time "economic engine of a nation" to fiscal health via revenue from the mining sector.

LME to slash some fees to win back volumes as rivals circle

The London Metal Exchange sought on Thursday to win back trading volumes by proposing a cut in fees for trades crucial to its physical user base as rivals gear up to offer alternatives.

Bluestone announces equipment purchased from Goldcorp

Bluestone has begun to receive US$2.43 million of mining and auxiliary equipment used in the operation of Goldcorp's Marlin mine in Guatemala.

Burkina Faso mine to boost Teranga’s annual gold output by 50%

Once Banfora is up and running, it would take the company's annual gold output to between 300,000 and 350,000 ounces.

South Africa's manufacturing, mining output disappoint as economy limps

Official figures released on Thursday signall a bad start for the second half of the year with business confidence at its lowest in more than three decades.

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.

Argentina to ramp up exploration

Mining Development sub-secretary expects exploration activities to rise by 2 per cent in 2017

App uses augmented reality to help diamond buyers

People can now try on different engagement rings from anywhere in the world using augmented reality

Royal Road and Hemco form exploration partnership in Nicaragua

The cooperation agreement aims at identifying and exploring gold and copper targets in the areas covered by both companies’ existing licenses

Velocity Minerals: exciting gold play in Bulgaria

Peter Epstein of Epstein Research discusses Velocity Minerals' recent gold exploration in Bulgaria.

Gold miner Acacia buys put options at $1,300 per ounce

Acacia Mining, which is scaling back operations to cut losses and settle a dispute with the Tanzanian government, has spent $3.2 million on options to sell 210,000 ounces of its gold output at $1,300 per ounce.