Gold Mining News

Southern Copper to begin operations at $2.5bn Michiquillay earlier than expected

Reaching agreements with residents near the project is expected to take about a year, followed by three to build the mine, which will begin operations by 2022.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

Future of Centerra mine uncertain as Kyrgyz Gov’t revising settlement deal

Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.

Midland resumes exploration work on the James Bay Gold project

The summer exploration campaign will focus on the Lasalle property.

Seabridge initiating $1.35m exploration program to define drill targets for snowstorm gold project

Seabridge has staked an additional 277 claims totaling 5,540 acres that are contiguous to the purchased claims.

Death toll rises to four at South Africa's Sibanye mine

Search for the fifth miner continues.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Vancouver miners are hiring: report

Vancouver miners will add 10% more employees in the third quarter of 2018.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Development decision nearing on Randgold's Massawa project

Massawa was discovered by Randgold in 2007 and is one of the larger undeveloped gold deposits in West Africa. 

Gran Colombia Gold’s trailing 12-months’ gold production tops 192,000 ounces at the end of May 2018

Continuing focus on our Segovia Operations is driving our production growth and we are trending toward a total of 200,000 ounces of gold for 2018.

Agents with the most mining deals in 2018

Canaccord, BMO and Patersons.

South Africa union seeks 12,500 rand minimum for gold miners

The labor group calls for an increase in benefits ranging from severance pay to transport costs and longer maternity leave.

US to spend $1 million on abandoned uranium mines cleanup

Amendment to an energy and water act expediting the cleanup of abandoned uranium mines must first be approved by the Senate.

China's CITIC grabs stake in Ivanhoe Mine for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Resolute’s Syama gold mine in Mali to be fully automated

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Scientists develop technique to reduce cost, environmental impact of mining precious metal

Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions.

Five bodies rescued from collapsed mine in Mexico

A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.

Gold summer doldrums 2

Gold’s summer-doldrums lull marks the best time of the year seasonally to deploy capital, to buy low at a time when few others are willing.

Asia Gold-Demand quiet amid small price moves, India discounts widen

Benchmark spot gold prices have moved since last Friday's close, with the spread between its highs and lows the narrowest of any week since August 2007.

Russia's Polyus big step closer to building world's largest new gold mine

Moscow company's update on Sukhoi Log project envisages annual production of 1.6 million ounces for 35 years at less than $500 per ounce.

Scotiabank to scrap half its metals business- sources

ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

Sibanye CEO says seismic events a fact of life for South Africa mines

Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .