Gold Mining News

First Majestic Silver output climbs

The Mexico-focused miner produced 4 million ounces of silver in the third quarter of 2017 from its six operating silver mines.

Gold price bull Marc Faber booted from boards for racist remarks

But ex-Sprott, Ivanhoe, Novagold board member stands by comments: “If stating some historical facts makes me a racist, then I suppose that I am a racist.”

MCX launches India's first gold options contract

India's Multi Commodity Exchange (MCX) has launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

Oreninc Index Update: October 16th, 2017

Oreninc Index jumps as big deals announced.

An aggressive gold exploration play

Exploration on a massive project in Nevada holds the potential for "glory," says Daniel Ameduri of Future Money Trends.

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Sibanye scraps planned closure of loss-making South African mines

Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.

Philippines' Duterte lifts suspension on gold miner Lepanto

Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.

Gold miners’ Q3’17 preview

With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results

India's gold prices swing to premium ahead of Diwali festival

Local gold prices were trading around 29,760 rupees per 10 grams on Friday, up nearly a percent from last week.

Yuan and gold

In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, ... but what is the link between the Chinese yuan (officially: renminbi) and the yellow metal?

B2Gold up on higher-than-expected production

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.

Millions of dollars in gold end up in Switzerland’s sewers every year

Researchers estimate that roughly 43 kg of gold — worth about $1.8 million at current prices — and 3,000 kg of silver (worth nearly $1.7 million) were flushed away last year.

Tanzanian troubles drag down Barrick's production

World's number one producer still confident it will meet 2017 production guidance.

Goldcorp chairman says mining companies are making two big mistakes

The Goldcorp Inc. chairman sat down with SmallCapPower and spoke about the state of the global mining industry.

Clean mining project shortlisted for $950 million Canadian gov’t funding

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

B2Gold pours first gold at Fekola mine in Mali

Company is on track to begin commercial production before the end of the year, which would boost its annual production more than 70% to between 925,000 and 975,000 ounces of gold.

About a third of global concentrates now registered to trade on this new exchange

Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.

Altus Strategies explorer joins the Mali gold rush

Juniors have been increasingly active in Mali, regarded as a relatively stable jurisdiction, where Legend has a portfolio of gold projects and licences covering nearly 400 square kilometres.

Site visit: Sabina unlocks a high-grade gold vault at Back River

The main mystery on the company’s vast Back River property may be just how many high-grade ounces are buried under the Arctic tundra.

Oreninc Index Update: October 9th, 2017

Oreninc Index falls as financings dwindle.

Here’s why bitcoin won’t replace gold so easily

Lately I’ve been seeing more and more headlines asking whether cryptos are “killing” gold. Would the gold price be higher today if massive amounts of money weren’t flowing into bitcoin?

LME to expand trading around gold and silver reference prices

The LME expects three more clearing members to join its precious metals contracts by year-end.

Key permit granted to McEwen’s Gold Bar project in Nevada

Company expects the full permitting process to be completed by December.

Move over gold, diamonds may become one of the greatest safe-havens

The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.