Gold Mining News

Sibanye-Stillwater $108 million-move on DRDGold OK'd

South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.

Anaconda scores 34.7 g/t gold over 3.5 meters

Bob Moriarty of 321 Gold looks at this gold explorer's drill results for its Nova Scotia project.

Upcoming turnaround in mining stocks

The price of no asset can move up or down in a straight line, so why should mining stocks be any different? When will the turnaround take place? It depends.

China’s love affair with gold heating up on property riches

The nation’s demand for gold jewelry climbed 10 pct last year to almost 700 metric tons as wealthy increased purchases and consumption improved.

Arizona’s newest gold mine just weeks away of first pour

Canada’s Northern Vertex Mining is ramping up production at its Moss gold-silver project towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.

South Africa gold miners seen close to silicosis lawsuit settlement

A class action suit brought against gold producers in South Africa is likely to be settled "within months" with $755 million going to miners suffering from fatal lung disease

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Second accident in a week at a Sibanye-Stillwater mine kills two

Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.

For Barrick Gold the Pascua-Lama hits keep coming

$429 million impairment on the stalled project after Chile environment agency ordered final closure.

Mining companies are suddenly positive on South Africa again

Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.

Gold demand – Q4 recovery fails to mitigate full year declines in 2017

A late rally in physical gold buying failed to prevent a drop in full-year demand last year to its lowest since 2009, the World Gold Council said, as weaker fund investment outstripped a bump in jewellery consumption.

Monday massacre: Gold price rises as stocks crater

Gold, copper prices gain as US blue chip index suffers worst points drop in history.

Private capital favours investing in copper over gold for first time

New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.

Sibanye-Stillwater's 2017 platinum production up, gold falls

Platinum group metals production in South Africa rose 4 percent above the firm's guidance, to stand at to 1.19 million ounces.

Congo’s Gecamines to rework contracts with foreign partners

Some of the company’s international mining partners include major names such as Glencore, China Molybdenum and Ivanhoe.

Randgold doubles dividend as CEO charges against DRC mining code

Randgold boosted divvy to $2 a share, after a year of record production and soaring profits, but warned the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions.

A third of S.Africa miners say no new investments in 2018 – survey

The mining sector in the world's top platinum producer has in recent years been laid low by soaring wage and power costs, depressed prices, violent social and labour unrest as well as policy uncertainties.

Guyana Goldfields goes underground, stops worrying about Venezuela

The Canadian company is set to invest $120 million to conduct underground gold mining for the first time in Guyana’s history.

Randgold calls Congo’s new mining code “draconian”

Mark Bristow says the law will “severely limit the growth of the mining industry in the DRC as well as the country's own economic prospects.”

US officials consider robots to prevent mine spills

Their main function would be to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.

INGEMMET estimated the existence of 243,000 tons of silver and 6,915 tons of gold

Peru will strengthen position in top five gold and silver producing countries in the world if it makes most of the reserves of these two metals.

Russia's watchdog allows GV Gold to buy Vekselberg's gold assets

Russian anti-monopoly service has allowed the mid-sized gold miner GV Gold some gold assets from Russian businessman Viktor Vekselberg.

Radical gold underinvestment 4

Years of relentless stock-market rallying to endless new record highs have left gold deeply out of favor. But this gold-demand ebb is ending.

Asia Gold-India demand picks up after tax announcement

Jewellers in India had delayed purchases earlier this week and offered gold at a discount anticipating a reduction in the tax in the country's annual budget on Thursday.

Gold price set for wild ride in 2018 say 34 bullion analysts

Bankers, brokers, refiners and researchers in the London Bullion Market Association's 2018 survey sees gold as high as $1,510 and as low as $1,120 an ounce.