Resource and grade growth bodes well for Osino’s prefeasibility on Namibia gold project

The miner reported its operating and financial results for the second quarter, posting a loss of $77.4 million after reporting a profit in the same period a year earlier.

The project was previously put on hold in 2014 after softer gold prices discouraged the JV from proceeding with a feasibility study.  

St Barbara could be forced to suspend its Touquoy mine soon should it fail to receive government approval for a proposed tailings capacity expansion.

Barrick said costs would trend toward the high end, or even slightly exceed, its guidance range.

The Goldboro Phase 1 open pit is expected to produce 100,000 oz. of gold per year at an average grade of 2.26 g/t over an 11-year mine life.

The company had previously aimed to reopen the mine operation by the end of June.

The company reported a nearly 19% rise in second-quarter profit on Monday, beating analysts' expectations.

Nevada metals trader with a side gig on the world poker circuit was charged Friday with manipulating gold and silver markets.

Gold dropped after US labor market data showed employers added more jobs in July than forecasted.