Gold Mining News

GFG Resources secures financing to stoke Rattlesnake Hill Gold Project

GFG Resources has closed a CA$5 million bought-deal financing, securing funding for ongoing exploration at its flagship Rattlesnake Hills gold project in Wyoming.

The discoveries keep on coming for Balmoral Resources

Balmoral Resources Ltd. announced that drilling has extended the Bug South gold deposit on the Martiniere Property in Quebec to a depth of 350 vertical meters and it "remains open down-plunge below this level."

Is this the holy grail of gold mining?

Inventor and CEO of New Gold Recovery Inc., Anastasios Morfopoulos, appears to have found the holy grail of gold mining - a low cost, environmentally friendly recovery system that extracts up to 95% or more of the gold and other precious metals.

These five companies are ready to “disrupt” the mining industry

Integra Gold Corp. and Goldcorp Inc. are pleased to announce the five finalists and 11 semi-finalists for #DisruptMining.

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

World's deepest mine gets $1 billion injection

Work on AngloGold Ashanti's Mponeng gold mine in South Africa started in 1981 – a brownfield expansion project will extend the mine's life beyond 2050.

Toyota's new technology a blow for platinum, palladium price

World's top carmaker says first vehicles using new catalyst technology that reduces PGM loads by 20% will leave assembly line later this year.

AME responds to B.C. provincial budget 2017

Balanced budget to support mineral explorers through tax credits and investing in permitting.

Caterpillar touts automation solutions as top miners swing back to profit

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

Gold falls as investors await rate-hike clues

Ahead of the minutes from the Federal Reserve’s most recent policy-setting meeting.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

Oreninc Index explodes to new 2017 high

The Oreninc Index continued to surge ahead in the week ending February 16, 2017 to 112.76 from 90.26 the previous week.

CHART: Hedge funds diverge on gold, silver price

Large scale precious metals futures speculators push bullish bets on silver to 20-week high while exposure to gold continues to be cut.

Misinformed in the Age of Information: What is the ‘fake news’ impact on stock market prices?

While the phrase is on many people’s lips, the impact of fake news on the financial markets and high-frequency trading is not yet clearly defined.

FLSmidth awarded first phase of EPC contract for gold mine

Belo Sun Mining Corp. has awarded FLSmidth the first phase of an EPC contract for the Volta Grande gold mine processing plant in Brazil’s Amazon region.

Colombian court lets Zonte Metal sue authorities over gold permit rejection

The Canadian junior explorer argues its exploration application was not processed in accordance with the country’s mining code.

Insights on the resource market with Brent Cook and Joe Mazumdar

I recently had the opportunity to ask Cook some questions about the current gold market, and how he thinks the average investor can tilt the odds in their favour when buying companies in the junior resource sector.

Copper price turns higher again – Grasberg gashed

Top listed copper producer Freeport says negotiations with Indonesia going nowhere – will slash production at iconic mine by 60%.

Agnico Eagle looking at hovercrafts to explore Meadowbank

The owner of Canada's coldest mine is hoping to reach another milestone with an unusual piece of exploration equipment.

Agnico Eagle green lights construction of 2 new Nunavut gold mines

Agnico Eagle's board of directors has given the go-ahead for construction of the Meliadine and Amaruq gold mines in Nunavut.

Gold gets a shot in the arm from inflation and China

The question I have is: Why would an investor deliberately choose to lose money? But that’s precisely what’s happening now with inflation where it is.

CHARTS: The gigantic paper market to price gold

The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

INFOGRAPHIC: 11 visualizations of gold show its value and rarity

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.

AME Announces Departure of President & CEO

The Association for Mineral Exploration (AME) today announced that AME’s President & CEO, Gavin C. Dirom, will be leaving the association this spring to pursue other career opportunities.

Northern Dynasty slams short-seller report as class-suit looms

Rebuttal comes as shareholders launched an investigation over possible false and misleading statements made by the miner about its Pebble copper-gold project in Alaska.