Gold Mining News

DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

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.

How resource companies are using the blockchain

The diamond business has been one of the first to embrace blockchain technology wholeheartedly.

Copper price: 120% premium for Brazil junior another bullish sign

Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.

Gold and the dollar

What happens to gold over the next couple of weeks will be mostly determined by what happens in the currency market.

The world’s biggest investors have lost $436bn in 2018

The beneficiaries are gold and treasury yields, with gold rallying and treasury yields declining as investors seek safe havens.

Could the stars be aligned for $1,500 gold?

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%.

Global gold investment seen rising for 5th year in 2018 -CPM

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.

Copper Mountain gains approval for $71m acquisition of Altona

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.

Canadian miner allowed to operate in Sweden

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.

Australia's Newcrest to recommence mining at flagship Cadia mine

Mining operations will restart at Cadia East, in accordance with predefined test and response program, the company said in a statement.

Lundin closes $400-million financing to complete Ecuador gold project

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.

Hecla Mining sues Montana after told to clean up before starting new projects

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.

SolGold on a roll, confirms major copper-gold target at Ecuador project

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.

Markle's wedding ring expected to follow royal tradition of Welsh gold

The royal tradition of using a wedding band of Welsh gold started nearly 100 years ago.

Mexican environment officials visit mine following cyanide spill

Some 200 litres of cyanide solution were released into the environment.

Barrick Gold cuts 2017 compensation for top two executives

The decision was made to reflect a challenging "shareholder experience" and operations at some mines.

B.C. miners halt exploration program to address community concerns

Following a community outcry, Aben Resources and Eagle Plains Resources decided to suspend their planned drill program at the Chico Gold Project.

Saskatchewan miner launches aggressive exploration program in Ontario

GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.

Gold's 'good week' gets better as trade war ignites haven demand

Mounting economic and geopolitical tensions fueled demand for the metal as a haven.

Asia Gold-Higher prices keep buyers at bay; India discounts at 6-1/2-month high

Physical gold demand in Asian hot spots slouched this week as higher global prices made buyers hold off on purchases.

Gold juniors’ Q4’17 fundamentals

The juniors’ recent Q4 results proved quite strong.

Condor Gold raises £2.5 million as 2017 loss narrows

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.

Royal blue diamond goes on sale

With few exceptions, no one knew about this gem's existence.

Eldorado down on Q4 loss

CEO George Burns recognized that 2017 was a challenging year.

Goldman Sachs no longer one of top three commodities banks

Last year Goldman's commodities business posted one of its worst results on record.