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.
Gold Mining News
In the previous year, Russia's gold output was 306.9 tonnes and silver output 1,044.3 tonnes.
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'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.
The company said that any potential restart would be dependent on market conditions.
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.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
The target is on the company’s flagship Tatogga property near Iskut in British Columbia’s Golden Triangle.
Gold stocks have to do more to confirm they are in a new bull market.
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right?
Gold producers in Africa's most industrialised economy, have seen profits squeezed by rising costs, labour unrest and declining grades.
Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.
Eskom's troubles are a big headache for heavy energy users in South Africa, particularly gold mining companies.
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.
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.
The company’s stock closed Tuesday in Sydney 1.82% higher at A$8.97 on the news.
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.
The overall grade for the bulk sample is estimated to be 20 g/t gold.
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 has overtaken China to become the world's fifth largest state holder of gold.
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?
Madsen is one of the highest grade undeveloped gold deposits in the world.
SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.
The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.
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.