Gold Mining News

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.

Eldorado demands $877m from Greece as compensation for permit delays

The non-judicial request relates to damages suffered by the company as a result of a longer-than-expected wait for its Skouries project's permits.

Most profitable mining companies in 2017

Polyus.

South Africa imposes tough conditions on Sibanye-Lonmin deal

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

South African unions sign wage deal with AngloGold Ashanti

Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.

Small-scale miners trapped by landslide in the Philippines

Typhoon Mangkhut lashed the northern Philippines with winds of 205 kilometres per hour, gusts of 255 kilometers per hour and heavy rain that left at least 64 people dead.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Barrick Gold seeks Chinese partners, may slash headcount: Globe

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.

Congo mines minister sees strategic metals decision 'very soon'

Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.

Asia Gold-India shifts to discount; buying tapers off elsewhere as prices gain

In India gold was being sold at a discount of up to $2 an ounce over official domestic prices this week, compared with a premium of $1 last week.

Centerra copper-gold mine in Canada dodges output cuts after securing water sources

Company won’t have to cut output at its central BC-based copper-gold mine, at least for now, as it has been granted approval to use certain short-term water sources.

Gold Fields plans to extend life of Peru mine through 2040

South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.

Total wins Newcrest Lihir Gold Mine mining contract

During the term of the contract, Total will be supplying 14 million litres of lubricants to the 6th largest gold mine in the world.

NxGold | Gold explorer features projects at opposite sides of the globe

Christopher McFadden, CEO of NxGold, discusses with Maurice Jackson of Proven and Probable his company’s two far-flung exploration projects.

Riverside resources | Cecilia Gold Project new target area’s and soil samples

Joining us for a conversation is Dr. John-Mark Staude. He is the president, the CEO, and director of Riverside Resources, Where Knowledge is Golden.

Barrick to eliminate innovation role under decentralization

Chief Innovation Officer role on the chopping block.

Russia's Polyus on track to boost gold output in 2019

Its 2018 production is on track to reach the upper end of its forecast range of 2.375-2.425 million troy ounces.

Yamana warns Argentina’s looming tax on exports could hit bottom line

Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.

Belo Sun license should be reviewed by Brazil federal Gov’t, court rules

The Canadian company's Volta Grande project is expected to become the South American country’s largest gold mine.

Financial fears to support gold: GFMS

Resurfacing financial fears will ultimately be supportive of gold, says Reuters in a study published this month.

Alert: Gold-to-silver ratio spikes to highest level in 27 years!

The gold-to-silver ratio has now spiked above 85, which is the highest level of this entire 18-year bull market.

'Will I come back dead?' Human costs of South African gold

After more than two decades of improving mine safety since the end of apartheid, South Africa’s progress has stalled with an increase in gold-mining deaths.

GT Gold's stocks soar following drill results at Tatogga

Vancouver- based GT Gold Corp.’s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

Highest-grade gold mines in 2017

Number one is located Downunder.

Newmont can’t get enough of Colombia, buys 19.9% of Orosur

This is the third agreement with a Canadian gold miner with projects in Colombia that Newmont inked in the last 18 months.