Drilling begins on property adjacent to 125,000-oz Kyrgyzstan gold mine
Initial drilling is designed to intersect an area which was previously drilled in the former Soviet republic between 1970 and 1990.
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Kinross sells White Gold District properties for approx. C$60 million
Kinross Gold (TSX:K,NYSE:KGC) has unloaded five of its properties in the Yukon White Gold District to newly formed company White Gold Corp (TSXV:WGO) in a cash and share deal worth around C$60 million.
Top 10 financings in April
April saw 121 financings close in the Canadian financial markets for C$522.7 million including 55 financings for gold totalling $207.3 million, some 40% of the April total.
These 4 charts will turn you into a (raging) zinc price bull
Contract treatment charges – an indicator market tightness – fall by most on record while inventories drop to levels last seen in 2008.
The end of reflation? Implications for gold
We now see signs that reflation is weakening. What happened and what are the implications for the gold market?
Gold juniors’ Q1’17 fundamentals
The junior gold miners’ stocks suffered a serious thrashing between mid-April and early May. Relentless heavy selling blasted many back down near deep mid-December lows, leaving sentiment in tatters.
BSGR may have to pay $1.2bn for no show at Simandou-related hearing
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
Congo to re-evaluate new mining code next week
Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
Rio Tinto says it wants to help Australian small businesses
The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.