Poland is making a rare charge into gold. The country added about 9 metric tons to its bullion reserves in July and August as prices dropped.
Gold Mining News
The government embarked on a drive to root out corruption and punish speculators it blames for exacerbating the currency crisis.
Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.
Thornton has purchased 2,271,029 additional common shares in Barrick at an average price of $11.11 per share, nearly doubling his total shareholding.
Commodities just posted the longest losing streak in more than three years.
Avocet Mining warned on Monday that it could be broken up as the struggling gold miner continues talks with its largest shareholder to restructure its debt.
The recently-created Directorate for Mining Promotion and Sustainability will be in charge of identifying the regions with the mining highest potential.
The cost of a dowry becomes unaffordable.
For the 12 months to June, SolGold's pre-tax loss was A$15.3 million, compared to $8.3 million it recorded a year before.
Physical demand saw an uptick in the world's biggest gold consumer, China, after prices fell to six-week lows this week.
The state miner warned it would "assert its rights" in Barrick Gold's acquisition of Rangold's stake in the Kibali mine, but did not provide details of its plans.
The Swiss asset manager and commodities trader will use blockchain technology to account for trades and aims to offer investors the option to use its coin as a digital currency.
Petropavlovsk swung to a net loss of $24.8 million in the first half on rising costs and lower sales but declined to give a forecast for the full year.
The National Union of Mineworkers and Association of Mineworkers and Construction Union received strike certificates at Sibanye after negotiations.
Barrick’s South America team “will be focused not only on bringing to account and dealing with the challenges around Pascua-Lama and Veladero,’’ but also on expanding assets and partnerships in Peru, Bristow said.
Agreements give a majority stake in the giant Grasberg copper and gold mine to a local state-owned firm, becoming the country’s biggest divestment by a foreign resources company.
DRC President Joseph Kabila vowed delayed elections will take place as planned this year.
AngloGold Ashanti Ltd.’s new CEO, Kelvin Dushnisky, said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets.
Gold is stuck in no man’s land as the market counts down to the Federal Reserve’s policy outlook.
Chief Executive Officer Gary Goldberg said while not interested in the entire companies, he would interested in buying Barrick’s half of their shared Kalgoorlie mine in Australia, which Newmont operates.
The deal follows the restart of open pit mining at Wiluna, which has produced more than 4.4 million ounces of gold since 1896.
Down 18% in H1.
Federal government uses BCG’s mixed reality technology to provide community with realistic view of arsenic containment work occurring 600 metres below ground.
Deal with Luminex gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three copper and gold concessions in Ecuador.
The transaction includes the acquisition of three producing mines and an advanced stage project.