Gold Mining News

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

Strike shuts down Harmony's Kusasalethu gold mine

Starting on Friday, workers did not go work in protest for the firing of six leaders of the Association of Mineworkers and Construction Union.

Venezuela’s Mining Arch in the spotlight again

New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.

Freeport Indonesia reopens main supply route to mine after shooting

The latest violent episode and temporary closure had no impact on production at the world’s second-biggest copper mine.

Osisko's hybrid model could be the future of gold streaming

MINING.com talks to Sean Roosen, Chair and CEO of Osisko Gold Royalties about the future of the company and the gold royalty and streaming sector.

Mysterious gold trades of 4 million ounces spur price plunge

Friday on the Comex in New York, almost 40,000 contracts traded in a span of 10 minutes. That triggered a sell-off, sending prices down as much as 1 percent.

Asia Gold-India wedding demand lacklustre as buyers await price dip

"Wedding season has started, but demand is poor compared to last year," said Ketan Shroff, managing director of Mumbai-based bullion dealer Penta Gold.

Why prospect generators: an interview with Brent Cook

Prospect and project generators are often overlooked by speculators in the natural resource space, Brent Cook says in Proven and Probable interview.

Indonesia warns of tough response after Papuan rebels threaten Freeport

Indonesia's military said on Friday it was prepared to take tough measures against rebels who have threatened to "destroy" mining operations of Freeport-McMoRan Inc in the eastern province of Papua in their struggle for independence.

BHP needs 120 new workers at its Olympic Dam in Australia

The mining giant will add those jobs during the next 12 months.

Negative divergence in the gold stocks

After a severe selloff, precious metals have enjoyed a bit of a respite.

Russia's Polyus says Q3 net profit down 5 pct y/y

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 7 percent to $475m while total revenue grew 5 percent to $744m.

Yukon Gold project now in full construction mode

Construction is ramping up rapidly at this Yukon mine that one analyst calls a "strategic asset."

Russian fund plans a $1bn mining venture with China Gold

"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.

Sibanye-Stillwater reaches wage deal with unions at Kroondal mine

The three-year wage agreement was signed by all three unions, the company said.

Armed separatists occupy villages near Freeport's Indonesia mine

Armed separatists have occupied five villages in Indonesia’s Papua province, threatening to disrupt Freeport-McMoRan Inc’s giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights.

Eldorado halts investment in Greece’s Skouries project, sues Gov't

Miner said it would the project back into "care and maintenance" and re-assess its investment in it upon approval and receipt of required permits.

Gold price: Global demand falls to 8-year low

Even as gold mine production hits new record so far in 2017 according to new report.

Kinross shares jump on earnings beat

Canadian gold miner expects 2017 production at higher end of guidance range.

Why doesn't gold get the respect it deserves?

A longstanding curiosity in the investment business has been the disinterest in precious metals among institutional investors.

Deaths spike in South Africa's deep and dangerous mines, reversing trend

Fatal accidents last week raised number of fatalities in 2017 to 76, above the 73 reported in 2016, South Africa’s Chamber of Mines said in a statement.

Aurvista Gold Corporation will know be Maple Gold Mines

Company will commence trading on the OTCQB under the symbol “MGMLF” on November 9, 2017.

McEwen to begin construction at Gold Bar project in Nevada

Move follows the reception of key permit — the signed Record of Decision (ROD) on the Final Environmental Impact Statement (EIS) for the project.

B2Gold to kick commercial production at Mali mine earlier than planned

The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.

McEwen Mining targeting acquisition spree to get S&P listing

The company expects to increase its own annual gold production from 146,000 equivalent ounces in 2016 to 223,000 by 2020 from its four mines