Gold Mining News

Gold fundamentals improving but not bullish yet

In the meantime, don’t try to catch falling knives or chase weakness as there will be plenty of time to get into cheap juniors that can triple and quadruple once things really get going.

Aurania discovers high grade silver-zinc-lead at Ecuador gold project

By market close on Friday, Aurania Resources' stock was up 6%. 

Superior Gold drills Hermes South in Australia

The company is trying to expand the existing resource at Hermes South and determine if it could become another open pit mine.

Goldcorp pours first doré from Pyrite Leach at Penasquito

Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock.

SSR Mining stakes C$31 million in Silvercrest

The company plans to use the proceeds for the exploration and development of the Las Chispas silver-gold project in Mexico.

Rubicon announces positive reconciliation in test mining at Phoenix

Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate as well as the new geological model.

Dunnedin acquires MPD porphyry project

Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite.

UK explorer makes high-grade silver discovery in Ethiopia

The discovery was made at the Daro project, located in the Tigray Regional State of northern Ethiopia.

Test mining at Madsen yields 56% more oz than predicted says Pure Gold

Pure Gold purchased the Madsen property in 2014, advancing the project to the current development stage. 

Aurelius acquires 100% of Mikwam property

Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX.

World Gold Council to appoint David Tait chief executive

Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade.

Surge acquires copper-gold mineral mountain property in Omineca mining division

The company stated that the region is host to numerous operating mines.

Osisko Mining improves Lynx grade and ounces at Windfall project

Windfall, which lies within the traditional territory of the Waswanipi Cree First Nation, is about 700 km northwest of Montreal.

World Gold Council to appoint David Tait chief executive

The World Gold Council is funded by gold mining companies and aims to expand demand for gold.

Gold investors target executives with less skin in the game

A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game.

Troilus Gold to bring historic Quebec mine back into production

The combination of the 4,700-hectare Troilus Gold property with the 11,309-hectare Troilus North property will create a 16,000-hectare exploration property in Quebec's Frotet-Evans greenstone belt.

Condor Gold shares soar as Nicaragua project grows

The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.

Acacia Mining ends earn-in deal with Sarama in Burkina Faso

Acacia chose to divest of South Houndé as part of an ongoing review of its exploration portfolio, to focus on core projects.

Nigeria awards mining exploration contract to 10 mining, consulting firms

Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

S. African minister unhappy with Gold Fields after job talks

Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30% of its workforce.

La Mancha plans to expand its African footprint, buy Barrick gold mines

La Mancha is a private gold company with investments in Toronto-listed Endeavour Mining, Australia's Evolution Mining and Ghana-focused Golden Star Resources.

Tradewind expands VaultChain metals-trading blockchain platform to silver

Sumitomo Corporation Global is one of the first adopters of the new silver trading blockchain platform.

Venezuela pays miner $425m in move to safeguard Citgo

If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.

Macassa No.4 headframe rises over Kirkland Lake

The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold’s new Macassa No.4 shaft was slip formed in just 10 days.

Eldorado Gold’s Bolcana project has 6.5m ounces of gold

The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.