Gold Mining News

Gold bulls seen waiting a bit longer for the great short squeeze

If the metal continues to rally, the shorts will need to cover, potentially leading to an explosive rally in gold prices and equities.

Rob McEwen and McEwen Mining acquire 18.8% of Canadian miner

The explorer announced high-grade gold results this week at its Red Lake District project in Ontario.

Quebec miner looking for cobalt and precious metals

Manganese X Energy now wants a taste of the cobalt market.

Gold juniors’ Q2’18 fundamentals

The key to success is staying informed and buying low when others are scared, before undervalued gold stocks soar much higher.

Sibanye says union wage demands may lead to more closures

The country’s gold production fell for a ninth straight month in June as rising costs, aging infrastructure and accidents affect profit and output.

Tipping point? Inflation creep at Australia's mines to erode margins

Rising costs, falling metals prices may eat into margins.

China’s Sichuan Road to mine copper in Eritrea starting in 2019

The project, majority owned by a unit of Sichuan Road & Bridge, is a group of four deposits on the outskirts of the capital Asmara.

Floods hit festival gold buying in India

Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.

The gold price and the big short

Speculators in gold price futures are short 670 tonnes – the biggest bearish position in 25 years.

Sibanye-Stillwater eyes bullion assets after swinging to profit

Sibanye-Stillwater will look for growth in the bullion sector once it has improved its debt levels and outlined a blueprint for improving safety at its gold operations.

Centerra, Kyrgyz Gov’t delay completion of deal over Kumtor mine

Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.

Avino can raise $25m through F-3 filing

The Form F-3 will provide Avino with a strategic option to finance continued growth.

Great Bear Resources announces high-grade discovery

Great Bear Resources today reported a significant new high-grade gold discovery in the Hinge Zone at its Dixie Project in the Red Lake District of Ontario.

Here’s how much global equity funds are allocating to gold stocks

(FAANG) Facebook, Amazon, Apple, Netflix, and Google vs (BANNG) Barrick Gold, Agnico Eagle, Newmont Mining, Newcrest Mining, and Goldcorp.

Planes and trains oust miners from top ranks of Canada benchmark

Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up.

South African gold miners and union deadlocked over wages

South Africa’s National Union of Mine workers, the biggest labor group at gold mining companies in the country, said it’s deadlocked over pay with the producers after numerous rounds of negotiations.

Russia in gold buying spree ahead of tougher US sanctions

Moscow bought 26.1 tonnes of gold in July, more than in any other month this year.

Gold output in key countries to slump to ‘generational’ lows — report

Bullion production grew for nine consecutive years to reach an all-time high in 2017.

Dalradian shareholders advised to back Orion Mine’s $230m takeover bid

The offer is priced at a 62% premium to the explorer’s share price at close on June 20, a day before it was announced.

Two people dead in mining accident in central Colombia

The provincial Secretary of Mines said that eight people have died in similar conditions this year.

Polymetal International declares dividends for H1

Polymetal International plc announced today that the Board of Directors of the Company has resolved to pay an interim dividend of $ 0.17 per share.

South African gold sector wage negotiations deadlock – union

Wage negotiations in the gold sector are at a deadlock and the South Africa's National Union of Mineworkers (NUM) has declared a dispute, a move that is one step short of a strike.

Technical issue disrupts BHP’s Olympic Dam copper smelter

Company is assessing the impact of an ongoing outage at the processing plant.

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.