Gold Mining News

Diamond museum opens in Belgium

The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.

Anglo American to end investment in deep sea mining company Nautilus

Anglo has a 4 per cent stake in Toronto-listed Nautilus.

A billionaire makes a classic investing error: Barry Ritholtz

The billionaire in question, who is buying gold directly and investing in gold miners, is No. 338 on the Bloomberg Billionaires Index.

Seabridge Gold closes $19.7 million private placement of flow-through shares

The proceeds from the financing will be used to fund a 2018 exploration program at the Company's KSM project in Northwestern British Columbia, Canada.

Four miners dead and three still missing at Sibanye-Stillwater mine

Two more quakes were felt Friday near the company's Masakhane gold mine, which cause search and rescue operations to be momentarily halted.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

UK-based explorer granted licence surrounding historic gold mine in Sweden

Erris Resources was granted a new 100% owned gold exploration permit, Enåsen no.5, which is located in central Sweden.

One miner dies after being trapped in South African gold mine

Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.

Developer increases gold resources at project with 'district size potential'

Canaccord Genuity reported that Marathon Gold Corp. released an updated resource on its Valentine Lake gold project in Newfoundland.

4 big reasons why you might want to consider gold stocks right now

Gold eked out a positive March quarter, returning close to 1.3 percent, while the S&P 500 Index posted its first negative quarter since 2015.

Sibanye's S.African gold output drops, expects to recover losses by year-end

Sibanye-Stillwater's gold output at its South African mines had been hit by by safety and operational disruptions in the first quarter.

Eight still trapped underground at Sibanye mine following seismic event

Contact has been made with three of the workers trapped at the company's Masakhane gold mine.

S. Africa gold miners, workers reach settlement in historic silicosis case

The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .

Yamana exceeds gold production plans in Q1

The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.

Fuel tax rebate comes into effect for Nova Scotia-based mining companies

Provincial fuel tax is supposed to help pay for public roads and highways by charging the vehicle owners who use them. The Nova Scotia government gives other resource industries a tax rebate for fuel used in vehicles that do not go on public roads, such as fishing boats, farm tractors and forestry harvesters.

S.Africa gold miners to sign silicosis lawsuit settlement this week

Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.

StrikePoint grabs historic Porter Idaho silver asset from Skeena

Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based upon the 20-day average price of the stock.

Month-end shenanigans everywhere

Precious metals expert Michael Ballanger discusses the gold and silver ratio.

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

This billionaire says he's put half his net worth into gold

Egyptian billionaire Naguib Sawiris believes gold prices will rally further, while “overvalued” stock markets crash.

Botswana Diamonds, Vast Resources team up to explore in Zimbabwe

The two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.

Artisanal miners in Venezuela operate under illegal unions

Illegal extraction of gold and other metals and their subsequent smuggling to foreign markets is seen by many as a way to navigate the current crisis.

Mint American Eagle gold coin sales at weakest April since 2007

Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.

Sprott gold report: “QT” or not to “T"? That is the question

The turbulence which riled U.S. equities in early February spread to short-term credit markets during March.

Barrick, NovaGold project in Alaska gets key environmental approval

Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.