Gold Mining News

Harmony Gold swings to loss, sees deaths at operations mount

The South African gold miner posted a 43% drop in annual earnings, or a 4.47 billion South African rand loss (about $309 million) and saw fatalities at its operations climb to thirteen, from 5 in 2017.

SEMAFO updates on security in Burkina Faso

Canadian-based mining company, SEMAFO Inc. announced an update on its security measures in Burkina Faso.

Gold investors ‘give up hope’ as biggest short in history builds

Gold is hitting new milestones of misery.

AngloGold swings back to profit days before new boss takes helm

The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.

Mine collapse in Zimbabwe kills one, injures three

The Zimbabwe National Army has been dealing for months with people working illegally at the mine site.

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

More pain seen as economists cut key South African forecasts

Things are looking better for the second half of the year and 2019, but remain challenging in many areas, with platinum and gold prices falling.”

Gold will fight back dollar for haven status, Sprott says

Bullion has lost out in a paradigm shift where gold’s no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won’t last.

Armed bandits kill SEMAFO mine workers

Company has increased security.

Gold miners’ Q2’18 fundamentals

The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run.

Turkish cenbank to allow gold for forex, location swap deals

The Turkish central bank will allow gold for foreign exchange and location swap deals in order to provide physical gold transactions.

Asia gold buyers snap up bargains as price dive revives demand

Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months.

JX Nippon Mining, Mitsui dodge strike at Chile's Caserones mine

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

Mexican-focused junior pops on PEA results

Minera Alamos files PEA for its La Fortuna gold project with after-tax IRR of 93%.

Gold Fields boss says not resigning after S.Africa minister's rebuke

Gold Fields said this week it planned to cut 1,100 permanent jobs at the company's last South African asset, South Deep, sending its shares plummeting.

US to allow mining on land removed from monuments

The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.

Mining and metals markets crater as copper price enters bear market

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

It's time for contrarians to Get Bullish on Gold

In the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar.

Osisko Mining to acquire Beaufield Resources

Strategic location.

Gold trading volumes double in Turkey amid currency crisis

First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell.

Perth Mint launches first gold-backed ETF on NYSE

The new fund, which will trade under the ticker symbol AAAU, will charge a fee of 18 basis points, or 0.18 percent of the value of an investment.

Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’

Holland said the company has made every effort to avoid the drastic move, but said the choice was now between that and serious risk to the future of South Deep and its many stakeholders.

Gold stocks are not too oversold yet

Monday’s decline in the gold stocks has moved the sector into oversold territory, another day or two of a similar decline would likely put the various breadth indicators into extremely oversold territory.

Ray Dalio’s Bridgewater keeps faith in gold despite its slide

Billionaire hedge-fund manager Ray Dalio maintained his holdings in the two biggest gold-backed ETFs even as an investor exodus sent prices of the metal tumbling.

South Africa's mines minister concerned about Gold Fields job cuts

South Africa mines minister said on Tuesday he was concerned by bullion miner Gold Fields' plan to cut around 1,100 jobs without due regard to processes outlined in the Mineral and Petroleum Resources Development Act.