Gold Mining News

China Hanking bids for Australia's Primary Gold

China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Gold price drops most since December 2016

Financial market volatility spreads to gold.

Stock market volatility is already on the rise

Combined with worries about inflation and erroneous trade and fiscal policies, it may prompt investors to purchase some safe-havens, such as gold.

Tanzania's new mining rules impose restrictions on foreign banks, insurers

Tanzania is seeking to take more of the profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.

Randgold looks to the Americas in quest to diversify

Flush with cash, Randgold is on the hunt for gold mines outside Africa.

Southern Copper wins auction for massive Peru copper project

Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.

Barrick exec. to chair Global Mining Standards and Guidelines Group

Barrick Gold’s Chief Innovation Officer, Michelle Ash, will become the new Chair of GMSG in May 2018.

NovaGold up on better-than-expected drilling results for Alaska mega-project

Mineralized intercepts encountered higher grades than predicted by previous modeling, said the project owners NovaGold and Barrick.

AngloGold to revive Ghana mine that battled illegal miners

Obuasi is expected to start gold production by the third quarter of 2019.

Undersea mining's bizarre origins – a CIA cold war plot

BBC report details 1974 CIA operation to salvage Soviet submarine carrying nuclear missiles under guise of a Howard Hughes-financed seabed manganese mine.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

2017 gold deposits boasting the highest-grade drill intersections

8,126 grams per meter!

New shaft will extend EU's largest gold mine to 2035

The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput by 25%.

US dollar bull and bear markets

The USD Index seems to be at a decisive point and we should see relatively soon if the decline continues or if a major turnaround takes place instead.

Rio Tinto’s Mongolian copper worries mount

Ulaanbaatar orders Rio Tinto to build domestic power plant for $5.3 billion expansion of Oyu Tolgoi copper-gold mine.

GDX weathers stock selloff

GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.

Acacia Mining admits in talks with Chinese over potential sale of Tanzania assets

Tanzania's top gold producer said in conversations with potential investors over a stake in some or all of its operations in the East African nation.

Mining sector unloved as investors find it hard to trust

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Australian gold miner Newcrest says profit slides on output disruptions

On Thursday, Newcrest reported a 58% fall in half-year underlying profit, due to disruptions such as an earthquake hitting one of its key sites in 2017.

Russia's Polyus 2017 adjusted net profit up 7%

Polyus saw rising sales last year and expects to both invest and produce more in 2018, aiming to up production at its new Natalka gold deposit.

Strange link between inflation and gold

Inflation surged yesterday. But gold dropped initially, only to quickly reverse the fall and fly into the air. Will gold soar on the inflation fuel?

Pembridge grabs copper-gold-silver mine in Canada’s Yukon

With the acquisition of Capstone's Minto mine, Pembridge Resources is set to become a cash flow generating copper producer.