Gold Mining News

Sibanye cuts South Africa gold output forecast after deaths

Sections of Sibanye’s Masakhane mine, where an earth tremor resulted in the death of seven workers, have been shut for rehabilitation until February.

Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery

Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts.

Newmont's Twin Creeks achieves commercial production

All-in sustaining costs of between $650 and $750 per ounce.

CHARTS: Halfway through 2018 and the mining rally is over

“China’s buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector."

Platinum price plunges to 14-year low

Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes.

Indonesia close to acquiring Freeport's Grasberg copper mine

Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion.

Oil and mining sector continue to grow in Peru

The mining sector showed an interannual growth of 0.16 per cent in May.

Noront Resources seeks exploration partner

Noront CEO said the move is necessary as the company continues to lead exploration in Ontario’s massive Ring of Fire.

Richest man in Mexico partners with Goldcorp

Minera Frisco and Goldcorp’s subsidiary Minera Peñasquito are joining forces in Zacatecas.

A self-exiled ex-fugitive is making Mexican billionaires nervous

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico.

Sibanye, Regulus join efforts to develop Argentina’s Altar project

Sibanye Canada and Regulus’ newly formed Argentinean subsidiary Aldebaran Resources will create a strategic partnership to unlock value at the copper-gold project, located in the San Juan province.

Centerra mine’s future up in the air as Kyrgyzstan to review deal

The parliament’s revision of the strategic agreement, set for September, may lead to increased environmental payments for the Canadian miner.

SEMAFO pours first gold at Boungou mine

SEMAFO Inc is pleased to report that it has completed its first gold pour at the Boungou Mine in Burkina Faso, slightly ahead of the original schedule. The first pour yielded approximately 325 ounces of gold.

Gold Exploration in US Great Basin fueling resource growth

Liberty Gold Corp. attracted the attention of RCF Opportunities Fund L.P., which took an 8.4% stake via a private placement in January. The company raised C$10.5 million at $0.42/share and is now in a position to move forward with its aggressive exploration programs.

All eyes on the golden triangle as summer drill season begins

Industry watchers are keeping their eyes on summer drilling in British Columbia's Golden Triangle for signs of the next GT Gold or Garibaldi Resources.

The Big Bonanza: The richest mineral discovery in American history

Excerpt from THE BONANZA KING: John Mackay and the Battle Over the Greatest Riches in the American West by Gregory Crouch.

AngloGold says no production impact from Guinea power protests

Members of a local community near our Siguiri mine have been protesting the temporary rationing of power, which is an unfortunate necessity.

Mining investors spooked as African dispute payments multiply

Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors.

Lumina Gold soars on positive economic assessment for Ecuador project

Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.

Sibanye-Stillwater hit with lawsuit over mounting fatalities, losses

US law firm Bernstein Liebhard said the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018.

New report from the World Gold Council explores the climate change impacts of gold

The World Gold Council today launched its ‘Gold and climate change’ report, aiming to provide investors with greater clarity around gold’s impacts on climate change.

Why Russia and Turkey are such gold bugs

Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it’s been increasing its gold shares in its international reserves.

Gold mining the least polluting in the metals sector — WGC

It depends on how you measure it.

Philippine miners call for end of ban on big new projects

Miners are urging the government to lift a six-year ban on large-scale projects in the Philippines after the state removed restrictions on smaller ventures.

Gold seen fighting back as dollar rebound is poised to reverse

While trade tensions haven’t yet provided much support, an escalation combined with a slide in the dollar could lift prices.