Trade Precious Metals

Gold Mining

Anglo Asian’s Azerbaijan gold production up by 52 pct in Q1 y/y

Azerbaijan’ top gold producer, Anglo Asian Mining Plc, increased its output by 52 percent to 17,193 ounces in the first quarter of 2015 and set a target of 70,000 to 75,000 ounces for the whole year. The company increased its gold output by 16 percent to 60,285 ounces in 2014,

Read Full Article

Kyrgyz prime minister says 50/50 joint venture with Centerra Gold may not be in country’s interests

During an interview, the prime minister of the Kyrgyz Republic suggested that the restructuring of the Kumtor Project as a 50/50 joint venture between Centerra Gold (TSX:CG) and his country might not be in the interests of his country. According to Centerra Gold, the prime minister also said that nationalization of

Read Full Article

Newmont Mining says will build new Nevada gold mine

Newmont Mining Corp will go ahead with building the first phase of its Long Canyon gold mine in Nevada, the company, the biggest U.S.-based gold miner said on Wednesday. The first phase, which consists of an open pit mine and heap leach operation, is expected to produce between 100,000 ounces

Read Full Article

McEwen Mining Reports Robbery of Gold From Mexican Mine

McEwen Mining Inc. on Tuesday reported the robbery of about 7,000 ounces of gold from a mine in Mexico, resulting in a loss that won’t be fully covered by the company’s insurance policy. The Toronto-based miner said the robbery occurred Tuesday at its El Gallo 1 mine in Sinaloa, Mexico.

Read Full Article

Barrick Gold must face U.S. lawsuit over mothballed mine

Barrick Gold Corp has lost its bid to dismiss a U.S. lawsuit that accuses the world’s largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company’s market value by billions of dollars. U.S. District Judge Shira Scheindlin in Manhattan ruled on Wednesday

Read Full Article

Semafo outlines 1.1m oz gold at Burkina buy

Shares of Semafo Inc (TSE:SMF) bounced around on Tuesday, after the company announced the initial resource estimate for the recently acquired Natougou gold deposit in Burkina Faso. Semafo opened strong but turned negative midday as the gold price retreated and investors digested the NI 43-101 compliant estimate that showed indicated

Read Full Article

B.C. Gold mine approval first since Mount Polley disaster

The B.C. government has approved Pretium’s $450-million Brucejack gold mine, the first mine approved since the collapse of the Mount Polley mine tailings dam last year. Construction of the mine, about 275 kilometres northwest of Smithers, is expected to begin this summer and it is to be in commercial production

Read Full Article

Chile Supreme Court Sides With Barrick Gold, But Is It Too Little Too Late?

Having one of the world’s largest undeveloped gold deposits in your portfolio really doesn’t do you any good if you can’t ever develop it. A Chilean environmental court ruling may help Barrick Gold (NYSE: ABX) avoid that fate. A lofty goal High in the Andean mountains straddling the border between

Read Full Article

Irish gold mine could yield more than €150m

Exploration company Conroy Gold yesterday reported that it has found further evidence of high grade gold at its drilling site in Clontibret in Co Monaghan. The firm said that results from its initial drilling uncovered grades of up to 25.29 grams per tonne. Conroy Gold’s chairman, Professor Richard Conroy, said

Read Full Article

Gold mine plan in central Idaho wilderness draws objections

A coalition of conservation groups and the Nez Perce Tribe are challenging the U.S. Forest Service’s approval of a gold mining company’s plan to reopen a 4-mile road in a central Idaho wilderness and drill core samples to find out if two of its claims are profitable enough to be

Read Full Article

South Africa’s AMCU Union to List Gold-Wage Demands by April

The Association of Mineworkers and Construction Union, which led the longest mining strike in South Africa last year, said it will finalize its gold-wage demands by the end of the month as pay talks near. The union, or AMCU, represents the majority of employees at the biggest mines of world

Read Full Article

Colorado Springs company expands mining operation in search for gold, silver

Gold Resource Corp. announced Wednesday it has begun exploratory drilling at the Radar gold mining property it has leased in west central Nevada in hopes of discovering gold and silver deposits similar to a nearby mine that produced 1.53 million ounces of gold in 1986-93. The Colorado Springs-based company, which

Read Full Article

Kidnapped Goldcorp miners found dead in Mexico

Three of the four Goldcorp (TSX:G), (NYSE:GG) employees believed to have been abducted last week have been found dead in southwestern Mexico’s Guerrero state, the same area where 43 teachers were kidnapped and massacred last year. Family members told Reuters the corpses were found on Friday in a mass grave.

Read Full Article

OceanaGold to step up Macraes Flat exploration

OceanaGold is spending $8 million on “stepped up” exploration at Macraes Flat in Otago over the next two years. The Macraes Goldfield is New Zealand’s largest gold producing operation, consisting of the Macraes open pit and Frasers underground mines. The NZX-listed miner has forecast gold production at Macraes will be steady in

Read Full Article

The stunning collapse of gold production in South Africa

The latest production numbers for gold production in South Africa further confirms the yellow metal’s decline in South Africa. Statistics South Africa newly released data says gold production during the last three months was down 5.9%. From Nov 2014 to Jan 2015 the seasonally adjusted base was 74.4 compared to

Read Full Article
1 2 3 26