Gold Mining News

Guyana Goldfields goes underground, stops worrying about Venezuela

The Canadian company is set to invest $120 million to conduct underground gold mining for the first time in Guyana’s history.

Randgold calls Congo’s new mining code “draconian”

Mark Bristow says the law will “severely limit the growth of the mining industry in the DRC as well as the country's own economic prospects.”

US officials consider robots to prevent mine spills

Their main function would be to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.

INGEMMET estimated the existence of 243,000 tons of silver and 6,915 tons of gold

Peru will strengthen position in top five gold and silver producing countries in the world if it makes most of the reserves of these two metals.

Russia's watchdog allows GV Gold to buy Vekselberg's gold assets

Russian anti-monopoly service has allowed the mid-sized gold miner GV Gold some gold assets from Russian businessman Viktor Vekselberg.

Radical gold underinvestment 4

Years of relentless stock-market rallying to endless new record highs have left gold deeply out of favor. But this gold-demand ebb is ending.

Asia Gold-India demand picks up after tax announcement

Jewellers in India had delayed purchases earlier this week and offered gold at a discount anticipating a reduction in the tax in the country's annual budget on Thursday.

Gold price set for wild ride in 2018 say 34 bullion analysts

Bankers, brokers, refiners and researchers in the London Bullion Market Association's 2018 survey sees gold as high as $1,510 and as low as $1,120 an ounce.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Two die in Yamana Gold mine accident in Argentina

The accident at Gualcamayo mine involved two employees of a local contractor traveling in a light truck on an access road at the Las Vacas exploration site.

Sibanye-Stillwater trapped miners brought to surface safely

The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.

Four key trends for gold market in 2018

The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines?

Acacia adopts fresh gold price protection measures

Miner has spent $2 million to lock in the option to sell 120,000 ounces of future output at $1,320 an ounce, as it waits for Tanzania exports ban to end.

More than 900 Sibanye miners trapped underground, not in danger

Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.

Rio Tinto rejects allegation it dodged $700 million in Oyu Tolgoi taxes

Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.

Centamin shareholders get bumper divvy, despite 2017 profit fall

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

A modern land run? Trump move opens Utah to mining claims under 1872 law

U.S. President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law.

Australia's Newcrest Q2 gold output down marginally, maintains 2018 guidance

Newcrest Mining Ltd's second-quarter gold production fell 0.3 percent from a year ago but rose 17.2 percent over the prior quarter.

Oreninc Index falls as financings reduce to trickle

The Oreninc Index fell, as a lack of activity saw the metaphorical tumbleweeds rolling down Bay St with the index falling to 22.99 from 34.36 a week ago.

Africa's newest gold miner starts output and sees potential IPO

Toro Gold became Africa’s newest gold producer last week after delivering first batch of bullion; firm is now weighing possibility of selling shares in 2018.

Loulo-Gounkoto set for record production

The gold mining complex is on track to improve on its record performance, with last year’s production expected to reach a new peak.

Northern Dynasty: permitting for Southwest Alaska's Pebble Project remains on track

The 2017 settlement agreement provides a clear path for project review and permitting.

SolidusGold Inc. announces private placement

VANCOUVER, BC–(Marketwired – January 26, 2018) – SolidusGold Inc. (the "Company") (TSX VENTURE: SDC) Not for distribution to United States newswire services or for dissemination in the United States SolidusGold Inc. (the "Company") (TSX VENTURE: […]

Liberty Gold closes $10.5 M bought deal private placement

The Company intends to use the net proceeds of the Private Placement for the Company's continued exploration and drilling programs, to finalize a resource estimate for the Goldstrike Project and for general corporate purposes.