Gold Mining News

Gran Colombia Gold’s trailing 12-months’ gold production tops 192,000 ounces at the end of May 2018

Continuing focus on our Segovia Operations is driving our production growth and we are trending toward a total of 200,000 ounces of gold for 2018.

Agents with the most mining deals in 2018

Canaccord, BMO and Patersons.

South Africa union seeks 12,500 rand minimum for gold miners

The labor group calls for an increase in benefits ranging from severance pay to transport costs and longer maternity leave.

US to spend $1 million on abandoned uranium mines cleanup

Amendment to an energy and water act expediting the cleanup of abandoned uranium mines must first be approved by the Senate.

China's CITIC grabs stake in Ivanhoe Mine for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Resolute’s Syama gold mine in Mali to be fully automated

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Scientists develop technique to reduce cost, environmental impact of mining precious metal

Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions.

Five bodies rescued from collapsed mine in Mexico

A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.

Gold summer doldrums 2

Gold’s summer-doldrums lull marks the best time of the year seasonally to deploy capital, to buy low at a time when few others are willing.

Asia Gold-Demand quiet amid small price moves, India discounts widen

Benchmark spot gold prices have moved since last Friday's close, with the spread between its highs and lows the narrowest of any week since August 2007.

Russia's Polyus big step closer to building world's largest new gold mine

Moscow company's update on Sukhoi Log project envisages annual production of 1.6 million ounces for 35 years at less than $500 per ounce.

Scotiabank to scrap half its metals business- sources

ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

Sibanye CEO says seismic events a fact of life for South Africa mines

Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

OZ Minerals closer than ever to grabbing Brazil-focused Avanco

The takeover offer, which expires next week, offers great exploration potential because Avanco owns a vast landholding in the copper and iron ore-rich Carajás region, second only to giant Vale.

It was a great first quarter for battery material financings

Lithium, copper and nickel.

Gold price: Investors are pouring $1 billion per month into ETFs

Net inflows into gold-backed exchange traded funds rose again in May, lifting value of private bullion to $103 billion, highest since 2013.

Solgold shares jump on Ecuador drilling

Up 8% at the open after intersects add more bulk to already massive Cascabel copper-gold project in north of South American country.

South Africa scraps plan for mining community development levy

Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency.

India's May gold imports plummet as price rally dents demand

The country's gold imports in the first five months of 2018 fell 39.4 percent from a year ago to 274.2 tonnes, data compiled by GFMS showed.

Impala Platinum gives Zimbabwe almost half of its mining land

The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.

Results of Gabriel's lawsuit against Romania may be known late 2019

Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.

South Africa's Harmony raises $82 mln via share sale

The South African company, which competes with AngloGold , Gold Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday.