Gold Mining News

Canada’s Zonte Metals sues Colombia over gold permit rejection

The junior miner claims the Department of Antioquia's mining authority did not process its exploration application in accordance with the country’s mining code.

Fiscal for two missing miners in Chile expects to learn the truth of what happened in Mandalay’s mine

One of the authorities involved in an investigation into Mandalay's mine accident earlier this month says at this point what matters is to learn the truth of what really happened.

Villagers invade Acacia's North Mara mine in Tanzania

Hundreds of villagers near the North Mara gold mine in Tanzania invaded the mine for several days last week in an attempt to steal gold ore.

EUR/JPY exchange rate and gold

Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.

Public-private sector partnership can deliver world-class mining industry in DRC — Randgold

The Democratic Republic of Congo has all the ingredients of a sustainable mining industry but the development of that potential will require a mutually beneficial partnership between the country’s government and the mining sector.

SolGold up on Ecuador project results, Canada listing

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Chilean experts confirm Mandalay’s mine fully flooded, including trapped workers shelter

Chances of finding the missing workers alive are almost nil, they say.

Freeport Indonesia says giant copper mine running as normal despite strike

Company says Grasberg copper mine is running as normal

This new videogame aims to gauge youth’s interest in the mining industry

The creators of “Gold rush: the game” claim it will be one of the most realistic mining simulators in the computerized entertainment market.

Peter Hambro ousted from his gold mining company Petropavlovsk

New appointments include Russian billionaire

After rainforest victory for Brazil’s environmentalists, a mining battle looms

Brazil ministry wants to open border regions to foreign miners. Amazon-basin area about the size of Alaska could be affected.

Dollar Update

The U.S. dollar has held up better than expected, says technical analyst Clive Maund, as he discusses its downside potential.

Revised South African charter poses threat to miners, says Moody's

Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation.

Seabridge Gold drilling set to begin at KSM’s Iron Cap deposit

Seabridge Gold announced today that core rigs are being mobilized to KSM to begin drilling two highly prospective targets: the down plunge projection of the Lower Iron Cap zone and a new target which could represent a fifth, higher grade deposit at KSM.

Freeport Indonesia workers to extend strike for a month – union

Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.

Gold ICL still 6 to 8 weeks away

Trader sentiment, technical conditions and price targets for both gold and miners are discussed.

Quebec explorer raises $4M, welcomes Eric Sprott and Osisko Mining as significant shareholders

Exploration on its Quebec property is up next for this junior after raising money from some prominent players, says The Critical Investor in this company update.

Goldcorp partners with FLSmidth to eliminate conventional slurry tailings dams

FLSmidth will be working with Goldcorp to develop EcoTails™, a new system to dramatically improve tailings and waste rock disposal.

Goldcorp sells Camino Rojo gold-silver project in Mexico to Orla Mining

The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

King's Wealth: Gold stocks playbook part 1

This is part 1 of the King's Wealth: The complete gold and silver stocks playbook, a series by Tom Beck, founder of Portfolio Wealth Global, that will continue over the next eight weeks.

Quebec explorer raises $4M, welcomes Eric Sprott and Osisko Mining as significant shareholders

Exploration on its Quebec property is up next for this junior after raising money from some prominent players, says The Critical Investor in this company update.

Top 10 financings of May 2017

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 financings for gold totalling $228.9 million, some 62.5% of the total.

Rio Tinto in search of next Oyu Tolgoi in Mongolia

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

China's Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”