Gold Mining News

Gold set for best month in two years as angst fuels haven demand

“The path of least resistance is up.”

London's streets no longer paved with gold as miners struggle

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.

Mining M&A jumps to five-year high

1,349 announced mining deals valued at $86B through December 18, up 60% from 2017.

Global chaos makes gold a holiday winner as funds pile in

As financial anxieties heighten, investors have poured about $1.56 billion into exchange-traded funds backing precious metals over the past month.

Mining innovation helps lead BC’s economy into high-tech future

BC risks a contraction of the mining sector of the economy by not taking concrete, immediate action while competitors advance initiatives of their own.

How to profit from low-grade gold mines

Mining costs rose steadily through the 2000s which should have hurt a lot of gold miners. But it didn’t.

BMO digs deeper in mining during a ‘transition’ year for bank

“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.”

Barrick Gold cuts jobs, director Munk to step down – Globe and Mail

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 strike at Sibanye-Stillwater legal – South African court

AMCU's strike is a protected strike and the AMCU members' constitutional right to strike remains protected.

Asia Gold – Higher prices and holiday season keep buyers at bay

For the next few weeks demand will remain subdued. Overseas suppliers and even some jewellers will take a break for year-end celebrations.

Freeport Indonesia has new mining permit valid to 2031

The permit given to PT Freeport Indonesia is valid up to 2031, and could be extended another ten years.

ePower Metals buys Magenta cobalt project in Mexico

Magenta hosts numerous high-grade cobalt/gold/silver/nickel vein and skarn style deposits.

Tasman Mining to bring historic New Zealand mine back into production

The Blackwater mine was once the most prolific mine in the Reefton Goldfield, producing 700,000 ounces of gold between 1908 and 1951.

Nighthawk updates progress on Indin Lake project infrastructure

The property hosts the Goldcrest and Grizzly Bear deposits.

Wisconsin court rejects lawsuit over Aquila Resources wetlands permit

The lawsuit was brought by the Menominee Indian Tribe of Wisconsin against the US Environmental Protection Agency.

Bravada and OceanaGold announce JV on Nevada Highland project

The Highland project consists of 102 Federal lode claims for a total of 825 hectares and is located along the Walker Lane Gold trend.

Australia's top gold miner boosts bet on Ecuador copper project

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.

AngloGold Ashanti’s Tropicana gold mine can go underground — study

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.

Pretium buys back gold-silver stream, closes $480m debt deal

In 2016, Brucejack was named the world’s highest grade “rookie” gold mine.

Lonmin's biggest mining union tries to block Sibanye deal

The all-share deal is likely to lead to more than 10,000 layoffs.

Osisko Mining reports 39% higher grade than resource model at Windfall Lake

The deposit is one of the highest grade resource-stage gold projects in Canada.

Five themes to watch for European miners after humbling year

It all started so well in 2018.

AngloGold is said to weigh London listing, South Africa exit

Listing in London would give AngloGold exposure to a big pool of investors with very few options to buy into gold equities.

Scotgold ready to break rock at Scotland's first commercial gold mine

Cononish underground gold-silver mine is expected to produce 23,500 ounces of the precious yellow metal annually for up to 17 years.

Havilah inks agreement for Australia’s largest undeveloped open pit copper-gold deposit

The move brings the company one step closer to being granted a mining lease.