Gold Mining News

Where the 'Smart Money' of the gold space is going

Frank Holmes, CEO of U.S. Global Investors, discusses the algorithms his firm has developed for its new precious metals ETF and what types of companies look attractive right now.

Congo requests financial support from donors amid economic crisis

Democratic Republic of Congo's government has formally requested financial support from international donors as it confronts a worsening economic crisis, a letter seen by Reuters on Thursday showed.

Explorer in British Columbia has lots of potential to increase grade

Thibaut Lepouttre of Caesars Report profiles the newest company trying to define a multimillion-ounce gold deposit in British Columbia.

Ghana calls off search for 17 trapped illegal miners

While major global companies are part of Ghana’s mining sector, illegal gold extraction is a chronic issue in the country and deadly accidents are frequent.

Tahoe Resources forced to halt Escobal mine in Guatemala

The Canadian miner said it will take “all legal steps possible” after the country’s Supreme Court suspended the mining licence for its flagship Escobal silver mine.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

Clean energy shift a plus for mining – think tank

A new Clean Energy Canada report suggests Canada’s mining sector stands to benefit from the clean-energy transition.

Gold rebounds on North Korea’s nuclear testing, Fed minutes in focus

Investors were awaiting the release of minutes from the US Federal Reserve’s June meeting, due Wednesday afternoon shortly after gold futures settle.

Tanzania suspends granting of new mining licences

President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.

Economic chaos fuels gold mining rush in Africa's newest nation

South Sudan doesn’t officially export gold, but experts consider it the world’s most promising frontier exploration destination.

Oreninc Index – Monday, July 3, 2017

Oreninc Index fells as gold slide continues.

Dow 50,000, then a colossal crash

The markets are heading higher, says Tom Beck, founder of Portfolio Wealth Global, who explains why and discusses the actions that he is taking.

Video: Gold ICL confirmed

It appears the US Dollar has bottomed following an intermediate degree correction.

Former Glencore traders launch concentrates trading platform

The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.

Goldcorp makes headway with plan to give Dome mine a new life

The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.

Tanzania-focused miners face fresh challenges as country passes new laws

The two new laws allow the government to force mining and energy companies to renegotiate their contracts.

Banro halts gold mine in Congo due to violence, shares collapse

The company also evacuated all of its employees at Namoya mine after trucks belonging to a contractor were caught in crossfire between soldiers and a local self-defence militia.

Ghana mine collapses, 14 trapped underground

Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.

Egypt awards gold mining tender to four companies

Two of them are foreign firms.

Gold near 7-week-low after having its first monthly decline this year in June

Spot gold ended in June its longest run of monthly gains since 2010.

ORENINC INDEX falls as gold slide continues

Total fund raises announced fell to C$97.1 million, a four-week low, which included two brokered financings for a total of C$65.0 million, a four-week low.

Emmerson to open first new gold mine in Northern Territory in a decade

Australia's Northern Territory will soon be producing gold again thanks to Emmerson Resources (ASX:ERM), which is advancing the Edna Beryl gold mine along with Australian gold producer Evolution Mining (ASX:EVN).

U.S. Mint's 1st-half sales of American Eagle gold coins weakest since 2007

U.S. Mint American Eagle gold coin sales in the first half of 2017 were the lowest for this period in a decade, while sales of silver in the period were the weakest since 2008, government data showed on Friday.

Has gold production peaked?

We often hear about ‘peak gold’, i.e. the maximum level of the global production of the yellow metal.

Australian miner's revenue stream still going strong at Tomingley

With gold production progressing better than expected, this miner has revised its guidance for FY/17.