Gold Mining News

Centerra gets $200 million for royalty portfolio and Kemess silver stream

The miner is receiving an upfront cash payment of $155 million for AuRico Metals’ royalty portfolio and about $45 million payable in four tranches for Kemess's silver output.

Young Australians oblivious to mining

Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.

Ray Dalio, Paulson keep faith in gold amid rate hike headwind

Rising interest rates have trimmed the metal’s gains.

South Africa's Tharisa taps Zimbabwean chrome reserves

Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year.

Yamana begins gold and silver production at Cerro Moro mine in Argentina

Commercial production is expected in the second quarter of the year.

LBMA suspends Russian precious metals refinery from 'good delivery' lists

The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".

Gold price crashes through $1,300 – worst fall in 17 months

Bullion brought down by US bond yields at seven year high and a bounce back for the dollar.

UAE trader looking to expand into gold refining in Africa

The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Lonmin tanks as UK competition watchdog looks into Sibanye takeover

By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB).

Supercycle may be setting up for higher commodity demand

Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold.

Shanta Gold to expand search in Tanzania, as new laws deter others

Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws.

A crypto tycoon, banking heir and the mysterious fight for gold

For the second time in a year, London-listed miner Petropavlovsk Plc is in the middle of a shareholder coup to throw out the board and revive its fortunes.

IDM Mining expects environmental permits for Red Mountain by Sept.

The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.

Thor Explorations aims to lead Nigeria's new mining pack

Thor Explorations' Segilola project would be Nigeria's first large-scale gold mine, and it's expected to come online in early 2020.

Barrick signs 10-year gas supply deal to make Dominican mine greener

Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.

Argentina luring Australian investors into its mining sector

The Deputy Secretary for Sustainable Mining is scheduled to meet with executives from Australia's largest mining companies and banks.

Canadian company to reopen gold mine in Spain

Orvana Minerals’ subsidiary in Spain has plans to reopen the Carlés gold mine, located in the Salas municipality of the Principality of Asturias.

Survivor of Sibanye mine accident released from hospital

According to the miner, five other rescued employees remain in a stable condition and are making good progress.

Egypt’s officials proud of the country’s sole gold-exporting mine

In Q1 2018, the mine produced 124,296 ounces, some 30,000 ounces below Q4 2017 levels but a 14 per cent increase y-o-y.

Gold miner in Honduras must stop exhuming bodies from cemetery – lawyer

The Honduran subsidiary of Aura Minerals has angered the citizens of the town of Azacualpa by removing over 350 corpses from a cemetery to make space for its San Andres open-pit gold mine.

First Nation and British Columbia to share gold mine tax revenue

The agreement is aimed at ensuring that the Indigenous group receives a share of the mineral tax revenue collected from the Brucejack Gold Mine.

NuevaUnion gold and copper project to deliver EIA by end of 2018 -source

The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.

S.Africa's Solidarity union seeks at least 10 pct wage hikes in gold sector

Companies have said the cycle of double-digit, above-inflation pay hikes cannot be sustained, unless prices rise considerably.

Chile’s Caserones copper mine a pain in the neck for Japanese owners

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.