“The path of least resistance is up.”
Gold Mining News
Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that’s lost its way as a home for gold miners.
1,349 announced mining deals valued at $86B through December 18, up 60% from 2017.
As financial anxieties heighten, investors have poured about $1.56 billion into exchange-traded funds backing precious metals over the past month.
BC risks a contraction of the mining sector of the economy by not taking concrete, immediate action while competitors advance initiatives of their own.
Mining costs rose steadily through the 2000s which should have hurt a lot of gold miners. But it didn’t.
“Our lending commitments to the metals and mining sector at BMO have doubled over the last five years, and a lot of that has really been in the last couple years.”
The laying off of nearly 95 employees comes as the Toronto-based company expects to complete its purchase of Randgold Resources on Jan. 1.
AMCU's strike is a protected strike and the AMCU members' constitutional right to strike remains protected.
For the next few weeks demand will remain subdued. Overseas suppliers and even some jewellers will take a break for year-end celebrations.
The permit given to PT Freeport Indonesia is valid up to 2031, and could be extended another ten years.
Magenta hosts numerous high-grade cobalt/gold/silver/nickel vein and skarn style deposits.
The Blackwater mine was once the most prolific mine in the Reefton Goldfield, producing 700,000 ounces of gold between 1908 and 1951.
The property hosts the Goldcrest and Grizzly Bear deposits.
The lawsuit was brought by the Menominee Indian Tribe of Wisconsin against the US Environmental Protection Agency.
The Highland project consists of 102 Federal lode claims for a total of 825 hectares and is located along the Walker Lane Gold trend.
Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP.
A prefeasibility study into the development of a mine beneath the Boston Shaker pits confirmed the technical and financial viability of an underground mine at AngloGold Ashanti and Independence Group's Tropicana operation.
In 2016, Brucejack was named the world’s highest grade “rookie” gold mine.
The all-share deal is likely to lead to more than 10,000 layoffs.
The deposit is one of the highest grade resource-stage gold projects in Canada.
It all started so well in 2018.
Listing in London would give AngloGold exposure to a big pool of investors with very few options to buy into gold equities.
Cononish underground gold-silver mine is expected to produce 23,500 ounces of the precious yellow metal annually for up to 17 years.
The move brings the company one step closer to being granted a mining lease.