Gold Mining News

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

AngloGold says there's no escaping demise of South African gold

Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.

Overbought or Oversold? Let These Mathematical Signals Be Your Guide

Anticipate before you participate in the market.

What to watch in commodities: Iran, big oil, miners, gold, crops

It’s getting ugly out there. Commodities are getting shaken up as investors fret about the fall-out from the global trade war.

South Africa's Harmony says FY output exceeds guidance

South Africa's Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation.

Caterpillar and Newmont team up on underground vehicle automation

Newmont Mining is the largest user of Cat underground vehicle automation technology in the western hemisphere.

Barrick’s Dushnisky quits, becomes AngloGold new CEO

Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.

Debt financing doubles

"Not a typical financing vehicle for non-revenue generating exploration companies."

Alaskans asked for feedback on one of the world’s largest gold projects

The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.

Miramont's project in Peru may affect Indigenous communities

The company was deemed not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project.

Barrick Gold is the undisclosed bidder for Detour Gold

Suitor identified.

Dollar and gold falters as Trump hits fed, stocks drop: markets wrap

The dollar erases most of its gains and treasuries strengthened after President Donald Trump criticized the Federal Reserve for raising interest rates.

Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal

Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year.

Paulson & Co to ask Detour Gold for special meeting for board overhaul

Paulson & Co has threatened to replace Detour's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

UPDATED: Paulson plans to replace Detour board, explore sale of company

Major is interested in acquiring Detour.

Colibri Resource intersects 61 metres with an average grade of 0.75 grams per tonne gold

The Maritime-based junior is drilling its Pilar Gold Project in Sonora, Mexico. 

Wreck of Russian warship carrying $130bn in gold found off South Korea

The Dmitrii Donskoi is believed to have sunk in a naval battle 113 years ago, carrying the treasury of the entire flotilla, which would have included port expenses, as well as salaries of sailors and officers.

South Africa gold producers offer single-digit hikes — document

Producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.

BHP posts record annual iron ore output, beats Q4 forecasts

Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.

GoGold reports parral production and sales for Quarter ending June 30, 2018

Go Gold announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year.

Anglo Asian's Azerbaijan gold output up 43% in first half of 2018

Anglo-Asian Mining gold production goes up by 43 percent in the first half of 2018.

South Africa's Solidarity union to agree wage deal with Eskom

South Africa's Solidarity trade union will accept a three-year wage offer from state-run power utility, Eskom.

LME to launch monthly 'implied pricing' for base metals

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.