Gold Mining News

Venezuela pays miner $425m in move to safeguard Citgo

If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.

Macassa No.4 headframe rises over Kirkland Lake

The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold’s new Macassa No.4 shaft was slip formed in just 10 days.

Eldorado Gold’s Bolcana project has 6.5m ounces of gold

The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.

Newmont’s Subika underground in Ghana starts commercial production

The mine is 307 km northwest of the nation’s capital of Accra, and is situated along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana.

Zimbabwe sees no radical change for platinum, diamond ownership

Minister of Mines and Mining Development, Winston Chitando told Reuters there would be "no change" for diamonds and platinum when asked about industry speculation the indigenisation rules could be relaxed further.

Seabridge Gold closes $14m private placement

The proceeds from the financing will be used to fund general working capital requirements and a 2019 drill program at the company's Snowstorm Project located in Nevada.

Goldman predicts commodities will soar in 2019 as oil, gold climb

Many of the political uncertainties weighing on commodity markets have a significant chance of being addressed in Buenos Aires.

Rio Tinto leads copper charge into Western Australia's Paterson region

Rio's interest in the area has sparked a stampede into adjacent lots by other explorers, who see Rio's aggressive activity as an indicator of a highly promising find.

Saudi Arabia targets $64B in mining revenue by 2030

Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.

Capstone Mining mulls selling stake in Chile-based copper-iron project

Over its almost 18-year mine life, Santo Domingo is expected to produce an average of 134-million pounds a year of copper, 4.2-million tonnes a year of iron concentrates and 17,000 annual ounces of gold.

Nova Scotia miner starts drilling in Mali

Roscan's Kandiolé project is located in the gold prospective Birimian Rocks of West Mali.

Goldcorp and IBM find way to improve predictability for gold mineralization

The companies launched 'IBM Exploration with Watson' in Canada.

What global rules against 'blood gold'? Small miners have to eat

On Jan. 1, the London Bullion Market Association will introduce a new version of the guidelines that embrace what’s called environmental, social and governance standards.

New Barrick CEO eyes miners' alliance to fix Tanzania tax row

The alliance strategy saw little success in the Congo.

Liberty Gold expands mineralized footprint in Utah at Goldstrike

The project, near the Nevada border in southwestern Utah, hosts disseminated gold mineralization similar to deposits on the Carlin Trend.

Mexican senator to work against proposed changes to mining code

Armando Guadiana said the changes make no sense as most provisions already exist in other laws.

Gold production to grow in the next four years: report

According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.

Medgold hunts for gold in Serbia with Fortuna Silver

Medgold is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines is funding.

BTU acquires more land around Great Bear’s Dixie

BTU Metals has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area.

Edmonton miner optimistic about Peruvian copper-gold project

The Chapitos project is located in the Peruvian Iron Oxide Copper Gold belt.

Gold mines to inject new life into Canada’s far north

Economic growth in Yukon and Nunavut is expected to surpass the rest of Canada due to new mine construction.

Galantas Gold shares soar after court confirms Irish mine consent

A judge ruled that an appeal brought forward by a local resident had failed and confirmed planning consent for an underground gold mine.

Marathon Gold hits more high-grade intercepts in Newfoundland

Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts.

Congo's 9-month copper output up 8.7%, cobalt nearly doubles

Congo is Africa's top copper producer and the world's leading miner of cobalt.

SolGold CEO excited by prospects for Ecuadorian copper-gold

SolGold said that its Alpala project in Ecuador's Cascabel region was around double the size and grade quality it was known to be in December 2017.