The billionaire hedge-fund manager has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector.
Gold Mining News
Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.
This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia.
Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says.
For the first time in 17 years commercial participants in gold futures flipped their COMEX positioning to net long.
Gold stocks failed to breakout in the spring and then broke down to multi-year lows by September.
Integrated mining development company rolls investment dice on its first major B.C. project.
The asset, discovered in 2006, is expected to produce to 4.6 million ounces of gold over a 15 year mine life. That’s 73,000 ounces more than what was indicated in the previous estimate.
Until now, the Australian miner had been advancing exploration projects in Latin America focused mainly on gold, but with significant exposure to copper, molybdenum and zinc.
The move also expands Kirkland’s ownership of interest in the Urban Barry area of northwestern Quebec, which the company believes to be “highly prospective mining camp" in Canada.
The Alliance for Responsible Mining (ARM) and RESOLVE have released a code to facilitate increased responsible sourcing from artisanal miners, while contributing to improved social and environmental performance of artisanal and small scale mining sector.
Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.
Decision comes two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine.
Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.
The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.
The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.
Typhoon Mangkhut lashed the northern Philippines with winds of 205 kilometres per hour, gusts of 255 kilometers per hour and heavy rain that left at least 64 people dead.
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.
Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.
In India gold was being sold at a discount of up to $2 an ounce over official domestic prices this week, compared with a premium of $1 last week.
Company won’t have to cut output at its central BC-based copper-gold mine, at least for now, as it has been granted approval to use certain short-term water sources.
South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.