Gold Mining News

BHP, top miners are starting to drive EV's deep underground

The deeper the mine, then the bigger the savings.

Chaarat Gold buys Armenian mine from Russia’s Polymetal for $55m

Deal is part of Chaarat’s intention of becoming a major regional player in Central Asia, with an annual production of 1 million ounces, which aims to reach through acquisitions.

Silver Range stacks two high-grade gold prospects in Nevada

Exploration at the Loner and the Black Star properties was first carried out at the beginning of the 20th century.

Chaarat Gold says Centerra refused C$2B offer for firm, not just Kumtor

The gold miner has given up on Kumtor and decided to focus its efforts on completing a deal for Armenia-based Kapan Mining instead

Zimbabwe gold producers warn currency shortage threatens output

Zimbabwe's mining industry is facing “severe viability challenges” because of the shortage of hard currency

Canada injects C$5m into Goldcorp’s Borden mine as prize for innovation

Grant supports innovation to cut greenhouse emissions, which the gold miner will do by opening the first underground mine in Canada to replace all diesel mobile equipment with battery electric vehicles.

Rockcliff Metals drills historic gold mine in Manitoba

Rockcliff is testing the gold potential of the Laguna property in partnership with Kinross Gold.

Enforcer Gold to buy Red Lake Property in Ontario

The property that the Toronto-based miner wants to buy is called the McKenzie Gold property and it is located just northwest of Red Lake.

Spend don't splurge, investors tell miners as M&A, capex surges

Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.

Scotiabank fights back after defections with new metals hires- sources

Scotiabank's Mocatta metals arm has for years been the world's biggest lender to the physical precious metals industry.

Yamana Gold sells Gualcamayo to Mineros in $85 million deal

The Gualcamayo acquisition adds 491,000 ounces of gold in reserves and 2.28 million ounces of gold in indicated mineral resources.

Gold output at Randgold's Ivorian mine to fall 23.3% below 2018 forecast

The production forecast has been revised to 230,000 ounces of gold for this year.

Azimut, SOQUEM make major discovery at Munischiwan

Gold-copper-silver mineralization discovered at Azimut’s Munischiwan property in the James Bay region.

Barrick's bet on African gold maestro faces first test in Congo

While Kibali has been a crowning achievement for Randgold, it’s set to challenge Mark Bristow's trouble-shooting skills even before he takes over as CEO of the enlarged company.

Namibia scraps black ownership rules for mining exploration licences

Rules threaten the diamond and uranium producer's ability to attract investment.

‘Blood gold’ controversy forces industry transparency push

The goal: to stop the metal’s use as a convenient financing tool for South American guerrillas, armed African rebels and drug traffickers.

Leagold said restarting Santa Luz mine in Brazil requires $82 million

Santa Luz is a fully constructed open pit mine, which originally started production mid-2013 but was placed on care and maintenance in 2014.

Canadian miner’s project in Mexico halted by Hurricane Willa

Hurricane Willa made landfall on Mexico's Pacific coast as a Category 3 on October 23, 2018.

Lupaka’s project in Peru hit by demonstrators

The protesters have blockaded the access road directly outside of the main gate of the mine.

Sibanye, Regulus to jointly develop Argentina’s Altar copper-gold project

The project, located in the San Juan province, is about 10km from the border with Chile, the world’s No. 1 copper producer.

Eldorado to invest $520 million in mill at its Turkish mine

The project would make Kışladağ a nine-year, 270,000-ounce-per-annum gold mine.

B2Gold updates Fekola resource in Mali

Less than a year after B2Gold declared commercial production at its 80%-owned Fekola mine, the gold producer has updated the mine’s resource estimate.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

Responsible Artisanal Gold Solutions Forum announces first conflict-free supply chain from Dr Congo Artisanal Gold Mine to retail in USA

With support from USAID, a pilot project was implemented in South Kivu, DRC to establish a conflict-free supply chain for artisanal gold.

Goldcorp 'miserable quarter' sends shares to 16-year low

Operating results were hurt by lower output of all metals from the company’s Peñasquito mine, while costs climbed.