July 31, 2020

Industrias Peñoles says has placed $600 million in international bonds

Peñoles said it would use a part of the proceeds to prepay a $300 million loan maturing in 2024.

July 31, 2020

Eldorado gold production up 50% over Q2 2019

The company is maintaining 2020 guidance of 520,000-550,000 ounces at an all-in sustaining cost of $850-$950 per ounce sold.

July 31, 2020

Gold price set for best month in eight years

Spot gold rose 11% for the month of July and gained nearly 30% so far this year.

July 31, 2020

Glencore copper production drops 11%, cobalt by third

Suspended Mutanda copper and cobalt mine in Congo slashes Swiss miner and commodities trader's first half production.

July 31, 2020

Russian billionaire Abramovich sells out in $1.4bn gold deal

Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold.

July 30, 2020

Gold price rally helped by ‘fundamental’ shift in asset allocation

The covid-19 pandemic has made bullion's relevance as a hedge even more apparent.

July 30, 2020

Newmont tops profit estimates on gold price surge

Company’s adjusted net income for the June quarter was $261-million, or $0.32 a diluted share, compared with $92-million, or $0.12 a diluted share, in Q2 2019.

July 30, 2020

Gold rally, Chinese demand a boon to Canadian miners

EY says Canada could see a wave of new gold deals and mines built in the coming months on the back of strong bullion prices and improved demand for metals…

July 30, 2020

Rio Tinto set on building long-delayed Simandou

The miner is speeding up work towards potential development of the giant iron ore project in Guinea, as the investment case grows stronger.

July 29, 2020

Copper Mountain shares up on strong Q2 results

Production reached 23.9 million pounds of copper equivalent in Q2.