Gold Mining News

Gold stocks gather steam

Gold stocks’ young upleg is gathering steam, marching steadily to higher lows and higher highs.

Zimbabwe miner RioZim again suspends production over dollar payments

RioZim said since December, it had experienced "significant and persistent" delays in dollar payments, affecting its viability.

SolGold seeks support from Cornerstone's shareholders in bid for Ecuador project

SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador.

South Africa's Harmony Gold expects drop in half-year earnings per share

Earnings per share for the first half of the year could be up to 97% lower than this time last year.

Genesis receives encouraging resource estimates for Quebec gold project

Indicated resource is 423,000 ounces of gold averaging 1.22 g/t Au.

At least three Chilean copper mines halted due to heavy rain

Codelco has halted operations at its Chuquicamata and Ministro Hales copper mines; Freeport-McMoRan suspended El Abra.

Indian jewellers stock up; holiday dims activity elsewhere

International benchmark spot gold prices were on track for their first weekly decline in three, but were still supported above the $1,300 an ounce level.

Osisko Mining owns the world's best drill intersection of 2019

Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.

Troilus launches 40,000-metre drill campaign

Two phases are planned to de-risk and expand on the current resource report last November.

Bulk sample yields 13,300 ounces gold from Wallbridge’s Fenelon

Wallbridge has plans to start its 2019 drilling program in mid-February.

Gainey confirms strike length at Las Margaritas

Gainey Capital’s Las Margaritas gold project in Durango, Mexico has sampled up to 40 grams gold per tonne.

As good as gold for some brides in India as election nears

In the past, gifts have included electric fans, laptops, pressure cookers and televisions.

Trilogy Metals, South32 increase exploration budget for Alaska projects

Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects.

Maduro sold 40% of Venezuela's gold last year amid cash crunch

The government sold a total of 73 tonnes of gold to two firms in the United Arab Emirates and another in Turkey.

Crown Mining takes over California's Light's Creek Copper District

The company staked 35 new claims that cover potential extensions to the high-grade ore previously mined at the site.

Russia’s Nordgold to invest over $360m in Guinea mine

The Russian gold producer has received a 15-year mining permit for its Lefa mine.

Genesis posts new estimate for Chevrier resources

The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold.

Gold price: ETF inflows reach $100m a day

US government shutdown means we don’t know how hedge funds are positioning themselves, but everyone else seems to be piling into gold.

Atlantic confirms gold extensions at Cochrane Hill

Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold.

Saudi Arabia to spend $3.8B to enhance mineral exploration

"The law allows 100 percent ownership...and you can apply for exploration or mining licenses."

Calidus shares soar after upping Warrawoona gold resources by 75%

Total mineral resource was upgraded to 21.2 million tonnes at 1.83g/t gold for 1.25 million ounces, up 75% from December 2017.

Aussie mining exports broke records in 2018

Coal became the number one export earner in 2018.

Outlook brightens for 2019, says Silver Institute

Silver price to strengthen this year and average $16.75 per ounce.

Gold Fields plans mega solar power plant at Grannie Smith

Construction is to begin in May and be complete by Q4 2019.

Pure Gold Mining boosts resources at Madsen project

The company released an updated resource estimate that sees Madsen’s indicated resource jump by 319,000 ounces (18%) to a total of 2.06 million ounces.