Gold Mining News

Royal Road and Hemco form exploration partnership in Nicaragua

The cooperation agreement aims at identifying and exploring gold and copper targets in the areas covered by both companies’ existing licenses

Velocity Minerals: exciting gold play in Bulgaria

Peter Epstein of Epstein Research discusses Velocity Minerals' recent gold exploration in Bulgaria.

Gold miner Acacia buys put options at $1,300 per ounce

Acacia Mining, which is scaling back operations to cut losses and settle a dispute with the Tanzanian government, has spent $3.2 million on options to sell 210,000 ounces of its gold output at $1,300 per ounce.

Platinum price pressured as market moves into oversupply

A rise in refined supply (despite a 9% dip in mine-level output) and a drop in automotive and industrial demand erases Q1's 305,000-ounce deficit.

Centerra Gold shares soar on Kyrgyz settlement talks

Canadian miner outlines terms of proposed environmental settlement with Asian nation that would remove cloud over massive Kumtor gold mine.

How Russia plans to compete with India in the diamond market

Moscow wants state-owned Alrosa to offer more favorable terms to local cutters

Alrosa to auction rough and polished diamonds at the Eastern Economic Forum

"We have seen the interest of clients from Asia Pacific," the company’s Vice President said

Gold price breaks higher as hedge fund bulls outnumber bears most since 2012

North Korea sends gold price back to September 2016 levels as trading volumes soar to second highest on record.

Oreninc Index – Tuesday, September 5, 2017

Oreninc Index jumps as gold breaks US$1,300/oz.

Canada's Gran Colombia Gold resumes operations at strike-hit Segovia mine

While production in August was below normal due to the ongoing disruptions to the company’s operations, Gran Colombia expects to meet its annual production guidance for 2017 of 150,000 to 160,000 ounces of gold.

Philippines' President says open-pit mining ban should stay

Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.

Gold prices near 12-month high

Gold prices jumped to their highest in almost a year as a weaker dollar and escalating tensions between the United States and North Korea

Acacia pulls back from major gold mine in Tanzania

“The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment,” company officials said in a statement.

Zimbabwe completes gold mining probe

Deputy Minister of Mines and Mining Development, Fred Moyo, said that his team looked into production and trading circles

10% of Mexico’s territory available for mining

Active mining concessions add up to 25,716

Canadian government to spend $247M on roads to support Yukon mines

Justin Trudeau announced that the federal government will inject $247 million into the Yukon’s highway network.

Ecuador expects $488 million in revenue from industrial mining

The Lenin Moreno government has recently granted 237 mining concessions to private companies

BacTech Environmental: “Green Gold” processing technology addresses artisanal mining and ARD problems

Every year millions of small-scale miners toil in the baking sun, collecting and breaking rocks with the goal of extracting small amounts of gold - enough to make a living in some of the most impoverished corners of the world.

Newmont begins production at Tanami expansion project in Australia

Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.

Peru to auction $2 billion Michiquillay copper project in November

The massive project is expected to process close to 80,000 tonnes of copper ore a day.

Canada’s Trevali among world’s top zinc producers with Glencore mines buy

Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.

Greece to begin arbitration process over Eldorado mine plans next month

Government said it expects to settle its differences with the Canadian miner, which is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine.

SolGold on a roll in Ecuador, extends mineralization at Cascabel

The Cascabel project is located in the northern portion of the Andean copper belt in Ecuador, renowned for hosting almost half the world’s copper known reserves.

Bodies of last missing miners recovered from Harmony mine in South Africa

Death toll has risen to five after a tremor rocked the firm's Kusasalethu mine last week.

The swamp strikes back

On August 21st many Americans witnessed the moon cast a historic but short-lived shadow across the United States. One day later, President Trump reversed his previously stated position on the 16 year old Afghan War, thereby eclipsing the possibility that the United States would finally come to its senses and rethink a failed strategy that is likely to fail for years, perhaps decades, to come.