Gold Mining News

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

Gold’s win streak at risk as dollar crawls up from 10-month lows

Gold prices moved lower Wednesday as a weaker dollar stabilized, putting the yellow metal at risk of snapping a three-day win streak.

British Columbia Ajax copper-gold mine rejected on doorstep

Kamloops city council has voted to oppose the proposed Ajax mine — again.

Oreninc Index – Monday, July 17, 2017

Oreninc Index falls as gold shows signs of rally.

Steady performance by Kibali as it finalises full commissioning

The two remaining components of the Kibali gold mine - its underground shaft system and third hydropower plant - are both on track, Randgold Resources chief executive Mark Bristow said today.

Leagold Q2 production news

Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.

Glencore mulls spinning off mining royalties into new company

The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.

Goldcorp ruffles First Nations over Coffee assessment

Company reduced waste rock dumps in response to concerns over water quality

Steady progress pushes Canadian explorer to dig deeper and expand in Mexico

An updated resource estimate and PEA in Q3/17 by a large exploration company will include plans for expansion after steady progress and a recent high-grade discovery at its Mexico project.

Gritted teeth and clenched fists

Precious metals expert Michael Ballanger examines recent GOLD COT reports and discusses the role of Commercials and Large Speculators in gold's price movements.

Picking great gold stocks 2

One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals.

South Africa halts new black ownership rules for mines

The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.

Acacia agrees to pay higher taxes set in Tanzania new mining law

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

Massive copper mine tests Trump's push to slash regulation

The Resolution copper project in Arizona would be a prototype for a looming era of more invasive US mines as companies run out of easy-to-reach deposits.

Frank Giustra builds another gold producer

The Critical Investor discusses a proposed business combination that would transform an explorer into a developing producer with major assets in Nevada.

AngloGold taking Tanzania to UN court over country’s new mining law

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.

Luxembourg becomes first European country to pass space mining law

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Australia to pay China's Shenhua $200 mln to buy back mining licence

Australia's New South Wales state said on Wednesday it would buy back half of a coal exploration licence from China Shenhua Energy Co Ltd , bowing to pressure from farmers and environmentalists opposed to mining on prime agricultural land.

These charts will give silver price bulls hope

Despite hedge funds' bearish bets, silver price's 14-year uptrend is very much intact and investors continue to pour money into silver-backed ETFs.

Taku acquires Keynote gold project in Canada’s Yukon

The Property is located adjacent to the prolific Keno Hill silver camp where 222.5-million ounces of silver have been produced up to the end of 2013.

Canada a global leader in mining exploration, innovation and diversity: PwC report

According to PwC's Mine 2017 report, Canada's largest mining companies played a key role in the international mining sector's emerging growth.

Saudi Ma'aden to develop Mansourah, Massarah gold mine- sources

Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold rich ore deposits.

Congo revamps Inga hydro project in bid to make it economical

Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.

Pebble mine a step closer to reality as EPA to withdraw restrictions

The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region’s key salmon industry.

Gold climbs on Trump Jr. emails with Russia

Gold spiked in Asian hours Wednesday, trading as high as $1,220.35 an ounce compared with a low of under $1,208 hit on Tuesday.