Gold Mining News

Electric cars market threatened by potential cobalt tax hike in Congo

The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.

Giant Bougainville mine restart stalls on moratorium over fears of civil unrest

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

Here are the key levels in gold & gold miners

Gold stocks blew past their 200-day moving averages, gold over $1300/oz. Now let's take a technical look and focus on key support and resistance targets.

Centamin jumps on better-than-expected gold output estimates

The Egypt-focused gold miner also expects solid growth this year. It’s targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.

Congo’s Gécamines urges Gov’t to revise 16-year-old mining code

The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.

Growth of European gold-backed ETFs outpaces U.S. funds in 2017 -WGC

Though North America contained more than half the amount of global exchange-traded fund holdings, European funds added the most to their gold-backed ETFs last year.

Equinox Gold to start full-scale construction at Brazilian mine

The Canadian miner wants to increase production to 135,000 ounces of gold per year.

More important than gold’s bottoming price

Time is more important than price. The time for a given move is up and the price reverses. When is gold likely to finally bottom?

Gold dips further from 3-1/2 month peak as dollar fights back

Dollar weakness, which continued into early January after its biggest annual drop since 2003, had helped gold registred last week a fourth straight weekly gain for the first time since April.

Peru’s environmental deregulation to spur more mining-related protests: analysts

The approval of the supreme decree 042-2017 in December might generate more unrest.

Pebble permit application completed

The U.S. Army Corps of Engineers has accepted Pebble Limited Partnership’s wetlands-fill permit.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

House of Cards' $1.3-million diamond-encrusted bottle of vodka stolen

The Russo-Baltique bottle belongs to Dartz founder Leonard Yankelovich.

The gold market in 2017

2017 seems to be a dull period for gold. However, all that does not fluctuate like Bitcoin is not uninteresting. Let's take a look.

Gold-stock upside huge

Gold miners’ stocks really lagged last year, so a major mean-reversion catch-up rally is coming for 2018- likely the best among stock-market sectors.

Asia Gold-Higher prices dent demand

Physical gold demand across Asia remained subdued this week as prices rallied to a three-and-a-half-month high, keeping retail buyers away from the market.

Mining investments in Peru grew by 54.8% in November

Investments grew by 54.8% compared to the same month of 2016.

Endeavour sells its mine in Ghana

The London-based miner sold its 90% stake in the project to BCM International. The remaining 10% is held by the Ghanaian government.

Roxgold's mine in Burkina Faso greenlighted by the Ministry of Environment

Approval was granted for the Bagassi South gold project, located within the Yaramoko gold mine.

Palladium poised to break another record just days into New Year

The year’s barely started and palladium markets are set to break another record.

Three key takeaways from December 2017 FOMC minutes for gold

Yesterday, the minutes of the FOMC December meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market?

What is an ETF?

How does it work? What are the pros and cons? A Visual Capitalist infographic explores ETFs.

The 5 largest gold nuggets that still exist

From a nugget containing 1682 troy ounces of gold to one shaped like a massive pair of hands- here is a list of five of the biggest existing nuggets.

U.S. court rules against miner Crystallex in Venezuela dispute

Crystallex International Corp is seeking to collect $1.2 billion plus interest awarded in 2016 by a World Bank tribunal against Venezuela, which Venezuela has refused to pay.

Alba wants to reopen gold mine behind three generations of royal wedding rings

Gold from Clogau St David’s mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.