Gold Mining News

Canada's Bear Creek prepares IPO in Peru to finance silver mine

Bear Creek would also consider selling a stake in the $550m Corani project in southern Peru to help pay for the project.

Top gold stock shows cash obsession is what investors want

Buenaventura’s U.S. shares have surged 63 percent in the past two years, the most among peers.

Miners threaten Congo with legal action over mining code

Regulations to implement the new code are due to be signed into law next week.

Prospero begins drilling at Buenavista silver-gold project in Mexico

This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.

Gold Fields to set aside acquisitions, sees industry costs rising — CEO

The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Russian gold miner Polyus posts 51 pct drop in Q1 net profit

Polyus gold, Russia's largest producer of the metal, reported first-quarter net profit down 51 percent at $244 million, hit by reduced foreign exchange gains and other non-cash items.

The case for investing in platinum

Jamie Keech of Capital Exploits talks with Maurice Jackson of Proven and Probable about what he sees as the benefits of investing in Platinum Group Metals.

India seeks gold, diamond mining rights in Russia

India seeks to import gold and diamonds for value-addition before exporting them.

Petropavlovsk asks UK regulators to investigate activist shareholders

The London-listed firm is near the end of a quest to bring on technology to boost profits from the treatment of refractory gold ore.

Miners warn Congo it faces $3bn revenue loss over new law

The mining companies insist the government reinsert a stability clause, present in the former code.

Newmont sells its royalty portfolio to Maverix Metals for $17 million, stake in the junior

Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.

Early stage projects are located in mining-friendly jurisdictions

Worldwide there are over 30,000 exploration projects.

Alaska wants cold crabs and colder gas to narrow China trade gap

A planned LNG project alone would shrink the trade gap between U.S. and China by up to $10 billion a year says Governor Bill Walker.

Canadian junior Millbrook aims to lead Cuba's mining pack

In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90’s.

Gold mine in Oregon “worth building”

The Grassy Mountain Gold project is expected to produce 47,000 ounces of gold and 50,000 ounces of silver for 7.25 years.

Vancouver miner expanding in under-explored area of Atlantic Canada

According to Labrador Gold, the Florence Lake belt is significantly underexplored for gold compared to greenstone belts elsewhere in the world.

Meghan Markle makes gold sales sparkle

The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected.

Asia Gold-Demand fades as prices recover; India discounts widen

Physical gold demand remained subdued this week in most Asian hubs as prices rebounded following an initial dip.

Gold miner Centamin cuts output targets on lower grade ore

Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said.

Gold juniors’ Q1’18 fundamentals

Juniors are ready to soar when gold sentiment turns.

Militia kills five in attack on Banro Corp's east Congo gold mine

Fighting between the Congolese army and a local militia in eastern DRC forced Banro to suspend operations at the Namoya gold mine for a month in mid-2017.

Pebble developer craters after copper giant pulls out

Northern Dynasty stock drops 32% after pact with First Quantum to build giant Alaska copper-gold mine collapses.

June hike is coming. Will gold survive?

The recent Fed’s monetary policy statement did not bring good news for the gold market.

Mining capital projects: Are you ready for the next CapEx investment cycle?

With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.