Gold Mining News

Orvana squeaks out $3m profit in Q2, moves into Argentina

The company recorded net income of $3.3m on $36m in revenue during the past quarter, compared with a net loss of $3.5m on $37m in revenue during the year-ago quarter.

Eastmain reports results from Clearwater

Highlights include an intercept of 2.57 g/t gold over 14.5 metres.

Queensland Resources Council welcomes gold mine expansion in the state’s north

The QRC has welcomed the state government’s decision to grant Resolute Mining nine new mining leases as part of a $150m project to extend the life of its Ravenswood gold mine.

Mining companies need to start thinking seriously about ESG — opinion

The introduction of new, tougher standards point to a harsher, less forgiving approach to enforcement and larger fines for mining companies that fail to complain to regulations as well as environmental and social expectations.

A bumpy ride for British Columbia’s largest mining companies

British Columbia’s top mining companies have been on a roller-coaster ride over the past five years.

South Africa's golden age is dead. Good riddance — opinion

The gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.

Conference to showcase opportunities in Canada's Nova Scotia’s gold rush

The Mining Association of Nova Scotia (MANS) will be holding the first ever Nova Scotia Gold Show in Halifax this October.

Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.

B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.

Thousands rally in Colombia against Minesa’s gold project

People in the north-central city of Bucaramanga are worried because the project sits just outside the Páramo de Santurbán.

Top miners saw positive FY2018

Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.

Lundin Gold says Fruta del Norte on track for Q4

The Vancouver-based company says its flagship gold and silver mine in northern Ecuador is 59% complete.

Kore inks $4 million deal to develop California gold project

The property is about 17km south east of the operating Mesquite Mine recently acquired by Equinox Gold for $158 million.  

YMP launches 10 more scholarships totalling $44K, including inaugural Northern Miner scholarship

The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.

Gold price dip bolsters festive demand in India; premiums slip in China

Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February.

Amazon rainforest is ours and not yours, Brazil tells the world

The comments coincide with government plans to review existing conservation areas amid growing pressure from mining and agriculture lobbies.

Monarch investment in Unigold's Dominican Republic project lights up stock

Quebec-focused Monarch Gold is taking a 14.2% stake in Unigold, whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes.

Race for AngloGold assets may pit Sibanye against rival Harmony

Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.

Alamos Gold drills more high grade intersections at Island mine

The Island Gold mine is expected to produce between 135,000 and 145,000 oz. of gold this year.

Mining exploration in Mexico hits 12-year low

Foreign and local companies invested about $383 million exploring in Mexico in 2018, down 37.4% from the $612 million injected into the economy in 2017.

South African gold output extends biggest drop in a decade

South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.

Acacia seeks clarification on North Mara dispute, production jumps

Acacia Mining saw a surge in gold production in April thanks chiefly to a 54% rise in output from its disputed North Mara gold mine in Tanzania.

AngloGold plans to sell last South Africa mine as era closes

AngloGold announced on Thursday that it’s in the early stages of a sales process for Mponeng, the world’s deepest mine and its last underground operation in South Africa.

Ginguro to acquire 80% interest in Valterra’s Weepah gold project

The high-grade gold exploration project is located in Esmeralda County, Nevada.

'Crazy premiums' for gold assets are over, B2Gold CEO says

A wave of consolidation is coming in the gold mining industry, but don’t count on buyers overspending on assets.