Gold Mining News

Corvus extends Mother Lode north in Nevada

The company has found that the project’s mineralized zone thickens and grades increase north of the main resource.

Azeri state fund to boost share of gold in its holdings this year

SOFAZ held 50.95 tonnes of gold worth $2.1 billion at the end of 2018.

Anglo American betting on South America to grow base metal assets

Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.

Tanzania President wants reserves to include nation's gold

Tanzania has banned shipments of mineral concentrates and slapped Acacia Mining Plc with a $190 billion tax bill.

Barrick Gold's new CEO dismisses Canada HQ debate as `hysteria'

The debate is over whether the world’s largest gold miner will remain a Canadian company.

Barrick CEO to forge ahead in Latin America despite past strains

The company's new boss Mark Bristow beleives that Chile is a “great” destination for miners, despite Barrick’s difficulties advancing the massive Pascua-Lama project.

MAX Resource to develop large gold project in Colombia

The applications cover a total area of 1,757 square kilometres and are located within the western Chocó department.

Pretium Resources gold output at Brucejack falls short of estimates

Its Brucejack underground mine in British Columbia generated 376,000 ounces of gold last year, or 97% of the expected production.

Ascot Resources enters agreement to acquire IDM Mining

The Vancouver-based miner said that the goal behind the proposed acquisition is to create a prominent BC gold exploration/development company.

Sibanye-Stillwater expects gold output to miss forecast amid wage strike

The company's gold output in 2018 will be lower than forecast as almost half of the employees stopped working since mid-November in a wage strike.

Acacia Mining fined over alleged environmental breach in Tanzania

Barrick’s Acacia Mining has been hit with a 300-million Tanzanian shillings fine (about $129,144) over allegations of environmental breaches at its North Mara mine.

Canadian Gold Miner discovers new zone south of Kirkland Lake

Channel sampling at the Behold zone late last year returned assays as high as 8.6 g/t gold over 0.30 metre and 5.42 g/t over 0.67 metre.

Surge Exploration announces spin-out company — CuGold

Surge will continue to hold its interest in its cobalt projects in both Chile and Ontario, and its lithium brine project in Chile.

Tanzania's Magufuli wants central bank to buy gold as part of its reserves

Tanzanian President Magufuli said the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.

Silvercrest nears new resource at Las Chispas

The latest results from a phase three infill drill program come from two of 13 new infill holes at the Area 51 zone of the project’s Babicanora vein.

Equinox’s gold mine in Brazil days away from commercial production

The Canadian junior expects to mine 230,000 to 265,000 gold ounces this year from both Aurizona mine in Brazil and its recently acquired Mesquite gold operation in California.

San Marco sees positive results from exploration program in Mexico

There is a porphyry copper-molybdenum-gold system at the Espiritu SMR property.

Centamin gold output falls 13% in 2018 on decline at flagship mine

The company produced 472,418 ounces of gold at its Egypt-based Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at the operation.

Exports from world's second-largest copper mine to drop 85%

Concentrate shipments from Indonesia's Grasberg mine, will drop because of a lag in output while operations shift from open pit to underground mining.

Pan American Silver shareholders approve Tahoe Resources acquisition

Tahoe shareholders also approved the arrangement.

Juggernaut drills new gold zone at Midas in BC

The company believes the anomaly represents a deeper feeder source to the gold zone it just drilled.

Tanzania names latest mining minister in ongoing industry clash

A prolonged spat between the government and gold producer Acacia over a $190 billion tax bill has severely limited the company's operations in the East African nation.

Gold imports by India said to collapse in `18 as prices bite

Overseas purchases fell to 762 metric tons in 2018, a 20 percent slump from the previous year.

Gold-backed ETFs gained globally in 2018, even with North America outflows

In December alone, gold-backed ETFs globally rose 3 percent, adding 76 tonnes worth $3.1 billion.

Vancouver miners merge to lead exploration in Mexico

Defiance Silver Corp and ValOro Resources completed a friendly merger.