Precious Metals Mining News

B2Gold not buying Zimbabwe project, not interested in M&A

The Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.

McEwen kicks off commercial production at Gold Bar in Nevada

Once at full-tilt, the open-pit operation is expected to generate 65,000 ounces of gold annually over an 8-year mine life.

Newcrest starts drilling at Greatland Gold’s project in Western Australia

The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.

Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

Miner Fresnillo warns of "more challenging" 2019

Fresnillo, which mines gold and silver in Mexico, said silver output dropped last month mainly due to lower grades of ore and lower ore throughput.

Canada’s Pure Gold starts trading in London

The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.

Canada injects $325K into ‘climate change adaptation’ for mining sector

Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.

South African court clears way for Sibanye’s acquisition of Lonmin

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.

IAMGOLD rejects rumours of planned assets sale

The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.

Condor Gold losses narrow as progress at La India pays off

Miner logged a pre-tax loss for the period of £352,553, compared to a £602,678 loss a year before, as administrative expenses almost halved.

Australia’s St. Barbara grabs Canada’s Atlantic Gold in $536m deal

Moves gives Aussie miner access to the Moose River gold complex in Nova Scotia, Canada, which comprises one producing open-pit and three other development projects.

B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.

African mining firms seek charter changes over past black ownership deals

Companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership.

South Africa's Sibanye-Stillwater will consider changing primary listing

The precious metals producer is looking into opportunities in gold and the battery metals sectors.

Almaden's stock jumps after 2019 corporate report released

The 2019 report on corporate social responsibility described the community-related activities the company has been engaged for over 15 years at the Ixtaca precious metals project in Puebla State, Mexico.

Russia considers export ban on precious metals scrap

The proposed ban would last from May 1 to Oct. 31 this year.

Scotiabank fights back after defections with new metals hires- sources

Scotiabank's Mocatta metals arm has for years been the world's biggest lender to the physical precious metals industry.

Prospero secures additional investment from Fortuna Silver Mines

Prospero Silver Corp is pleased to announce that it has arranged a US$270,000 strategic investment from Fortuna Silver Mines Inc.

Currency shocks knock platinum to 10-year lows

Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar.

USTR reviewing Turkey's trade preferences after tariff retaliation

Imports of jewelry, precious metals and stone products would be under the microscope.

Trade wars, metals, and you

Geopolitical risk, geopolitical turmoil, the threat or the idea of such is always good for gold.

Scotiabank pulls plug on sale of metals business

The bulk of ScotiaMocatta's business is in precious metals and it is one of five banks that clear bullion in London's $5 trillion a year gold market.

Gold drops to five-year low

Oil, copper and silver all beaten up.

Inflation Deniers Emboldened by Gold's Struggles

The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about […]

Is Gold a Stupid "Pet Rock" or a Bedrock Asset?

Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot […]