Gold Mining News

N. American gold ETF outflows up in May — World Gold Council

Volatility in the metal's market dragged prices lower.

#DisruptMining 2018 winner Acoustic Zoom closes deal with Goldcorp

Gold giant is investing $1 million in the seismic solutions specialist.

Gold jewelry sales recovering in China, but platinum left on the shelf

Chinese jewelry sales are a key component of global demand for both physical gold and platinum, accounting for 14% and 16% of consumption respectively.

B2Gold opens major new solar farm at its Namibia mine

The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.

Golden Predator and the Yukon Mint™ unveil first gold coin

Gold from the Golden Predator 3 Aces Project bulk sample is incorporated into the coins.

Giant mine spewing waste for decades turns into battleground

Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.

GO GOLD! Inflationary tariffs could supercharge the yellow metal

"What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth."

ATAC Resources and Barrick Gold commence drilling on the Rackla Gold Property, Yukon

ATAC’s technical team is operating two diamond drill rigs on the Conrad Zone at the wholly-owned Osiris Project.

Metals merry-go-round: hiring picks up as prices recover

More hires are expected as brokers eye opportunities from China’s mainland exchanges opening to investors abroad.

Gold may hit $1,400 in '19 on `powerful fuel' of weak dollar

Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in 2019 as the dollar weakens.

Judge orders Chinese company to stop mining activities in Ecuadorian town

A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A violated article 57 of the country’s Constitution.

World’s No. 4 iron ore miner wants to diversify its portfolio

The CEO of Fortescue Metals Group said that the company is working towards finding other commodities to mine.

Metal prices, financing, exploration and assays are all up

No longer under water.

Paulson nears launch of investor alliance to shake up gold sector -sources

The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors.

Silver miners’ Q1’18 fundamentals

The major silver miners’ stocks remain deeply out of favor, languishing near multi-year lows.

Canada's Teck adopts new resource extraction technology

Teck displayed some of its high-tech approaches to mining at the recent B.C. Tech Summit.

Zimbabwe removes requirement for foreign mines to list locally

Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms.

RNC Minerals secures US$13m financing

RNC announced today that it has entered into a US$13 million bridge financing facility with Auramet.

Petropavlovsk turns up the heat on biggest shareholder Rakishev

Petropavlovsk also said its board wanted to know the identities of the parties behind CABS and Slevin, which together own 9.1 percent of the company.

FLUID OUNCES: Gold vs beer price since 1950

99 bottles of beer on the wall...

Peru's Buenaventura seeks deal with Southern on copper project

The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.

Tharisa may join $4.2bn Zimbabwe platinum project

Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.

South Africa's Sibanye explores debt-cutting options

Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December.

Mongolia listing boosts investors confidence in Erdene Resource

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

Kyrgyz Republic former PM who signed deal with Centerra charged with corruption

It’s rumoured that Sapar Isakov's charges may put a pact ending long-dragged disputes between the Asian country and the Canadian miner in jeopardy.