Gold Mining News

Mine acquisition grows production 'at a fair price'

BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner.

AngloGold a step closer to selling loss-making Kopanang mine in S. Africa

The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.

Greece tries making peace with Eldorado, grants final permits for Olympias

While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.

Gold price rebounds as ETF investors pile in

And on futures markets hedge fund bulls now outnumber bears by a ratio of 20 to 1 – the highest since 2012.

Explorer's drilling reveals 'Another higher grade ore body'

Tony Lesiak, a Canaccord Genuity analyst, reported and analyzed recent results from this miner's 2017 deep drill program.

Pure Gold inches closer to production at Madsen mine

The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.

Greece kicks off arbitration process over Eldorado Gold’s projects

Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.

S.Africa mining minister will not say contested charter is law – Chamber of Mines

Mines minister Mosebenzi Zwane had pledged in writing to a court that he would not publicly say changes to an industry charter were "law" until a judicial challenge has been completed.

Greece grants permits for Eldorado after miners clash with police

The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.

Barrick named to Dow Jones Sustainability Index

The company was also included in the Dow Jones Sustainability North America Index for the 11th consecutive year.

Gold eases as dollar ticks up, but weak stocks support

The metal's move lower came as the dollar erased earlier losses to rise 0.4 percent versus a basket of currencies. A firmer dollar makes gold more expensive for holders of other currencies.

Australia's Newcrest restarts output at part of quake-damaged gold mine

Cadia - the company's biggest and lowest-cost source of gold - led to a 55-percent fall in gold output at the mine in the June quarter.

Australian exploration spending increasing

Gold remains the dominant sector, accounting for approximately 45% of total exploration expenditure.

Coeur Mining acquires Silvertip mine in Canada for $250 million

The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.

South Africa's NUMSA union demands 15 percent wage hike in coal sector

The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.

Gold price rise lifts Mali's 2016 state mining revenues by 1 percent

Mali is the third-biggest gold producer in Africa after South Africa and Ghana, and gold overwhelmingly dominates its mining sector.

Tahoe shares surge after Guatemala ruling

Vancouver-based producer rises 33% after Supreme Court of the central American nation reinstates operating licence for world's third largest silver mine.

Canada's Alamos Gold buys Richmont in a deal valued at Cdn$905 million

Acquisition makes of Alamos a top-10 gold producer in North America.

Centerra shares jump again on confirmation of Kyrgyz settlement

Canadian miner announces comprehensive settlement over Kumtor gold mine – Asian nation unfreezes cash and drops all environmental claims, lawsuits.

Pivotal year for Canadian nickel explorer in pursuit of maiden resource

Investors in North American Nickel have waited patiently while the Vancouver-based company has made consistent and significant progress on its 100%-owned Maniitsoq nickel sulphide project. Will their loyalty be rewarded?

Mexus and JV partner MarMar confirm production at Santa Elena mine

Mexus Gold US along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine.

Eldorado Gold to halt all operations in Greece

Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.

Petra Diamonds shares crater after Tanzania seizes $15 million shipment

The diamond miner also had to halt operations at its Williamson mine as several key employees are being questioned by local authorities.

The oil market is bigger than all metal markets combined

Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.

Chart of the week: Economic Power

Long before the invention of modern day maps or gunpowder, the planet’s major powers were already duking it out for economic and geopolitical supremacy.