Gold Mining News

Wheaton buys all gold, some palladium from Sibanye US mines

Streaming deal involves production from Sibanye's Stillwater and East Boulder mines, located in Montana.

Gold particles help scientists find defects

3D printed parts can be self-reporting thanks to gold.

The odds are stacked against gold juniors like never before: Abitibi Royalties CEO

"As much talk as there has been about technology, we have not seen a game-changing technology since the 80s such as heap leach or autoclave," says Ball.

Miramont expands Peruvian project but can't drill just yet

The Canadian miner plans to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru.

Asia Gold-Buying picks up in India on low prices

"In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer.

SolGold intersects copper, gold at flagship project in Ecuador

Company believes its Cascabel copper-gold project, 180 km north of the capital Quito, may become one of the largest copper-gold porphyry systems ever discovered.

Reduced head count, capex spending biggest contributor to mine efficiency mid-decade: McKinsey

To stay productive, McKinsey warns that miners must maintain fiscal discipline.

Rio Tinto sells $3.5bn stake in Grasberg mine to Indonesian state miner

The world’s No.2 miner is selling its 40% in the giant Grasberg mine, the world’s second largest copper operation, to Indonesia’s state mining company PT Inalum.

Barrick clips 2018 copper production outlook, sees higher costs

Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.

Foreign investment in Chile surges due to new law – government

Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday.

Eldorado gold announces appointment of executive vice president and chief financial officer

Eldorado Gold Corporation ("Eldorado" or "the Company") today announces the appointment of Philip Yee as Executive Vice President and Chief Financial Officer.

Experts come up with plan for protecting deep-sea life from mining

An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.

Wage talks begin in South Africa's shrinking gold industry

Negotiations start against the backdrop of stark declines in the industry that was once the world’s largest.

Resolute extends life of Queensland gold mine by three years

Ravenswood mine is now expected to end operations in 2031, with an average production of about 115,000 ounces of gold per year.

Trump started the metals rally, now he's the reason it's ending

The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth.

Gabriel Resources President and CEO Jonathan Henry leaves the company

Jonathan Henry has resigned from his position as President, CEO and as a Director of Gabriel to pursue other opportunities with immediate effect, the company said.

2,500 job cuts weren’t enough for world’s no. 2 platinum miner

Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.

CHART: Copper, nickel, zinc prices – plenty upside just to revert to mean

Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.

Pretium Resources roars back

111,340 oz of gold produced in the second quarter.

Private equity firm to deploy $550 million into mining sector

Targeting close or ready for production.

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

India's June gold imports drop by a quarter as rupee hits record low

The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.

Condor Gold a step closer to begin building Nicaragua mine

Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.

Barrick’s Acacia Mining keeps suffering from Tanzania row

Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.