South Africa’s top gold producer has secured a 38% stake in DRDGold in exchange for some of its assets, which boosts the mid-tier gold miner’s reserves by 91% to 5.7 million ounces.
Gold Mining News
The diamond business has been one of the first to embrace blockchain technology wholeheartedly.
Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.
What happens to gold over the next couple of weeks will be mostly determined by what happens in the currency market.
The beneficiaries are gold and treasury yields, with gold rallying and treasury yields declining as investors seek safe havens.
In response to a number of factors, gold is up close to 3% in 2018, compared to the S&P 500 Index, down 2.4%.
CPM forecast net gold investment at 20.3 million ounces during 2018, a 6.6 percent rise from its 19.1 million ounces in 2017.
The combination of the two companies will result in a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.
Gungnir's drill campaign would begin in the second quarter of 2018 with 20 diamond drill holes testing six target areas over a strike length of more than 8 km.
Mining operations will restart at Cadia East, in accordance with predefined test and response program, the company said in a statement.
Lundin has been developing Fruta del Norte for over a year, following an agreement with Ecuador’s government allowing the miner to move ahead with the gold project, the country's biggest.
The state’s "bad actor" law has only been used once before, and Hecla’s president and chief executive officer, Phillips Baker is the first top executive at a large company to be scrutinized under it.
Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.
The royal tradition of using a wedding band of Welsh gold started nearly 100 years ago.
Some 200 litres of cyanide solution were released into the environment.
The decision was made to reflect a challenging "shareholder experience" and operations at some mines.
Following a community outcry, Aben Resources and Eagle Plains Resources decided to suspend their planned drill program at the Chico Gold Project.
GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.
Mounting economic and geopolitical tensions fueled demand for the metal as a haven.
Physical gold demand in Asian hot spots slouched this week as higher global prices made buyers hold off on purchases.
The juniors’ recent Q4 results proved quite strong.
The Nicaragua-focused miner has not generated any revenue in the past two years, but narrowed pre-tax loss to £3 million in 2017 from £7.7 million a year earlier.
With few exceptions, no one knew about this gem's existence.
CEO George Burns recognized that 2017 was a challenging year.
Last year Goldman's commodities business posted one of its worst results on record.