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Everyone knows that this has been a devastating bear market for the gold mining sector. If you have followed our work you know that it is the second worst cyclical bear market in at least 80 years. Obviously, gold mining stocks have been crushed.
Fri, 24 Apr 2015 07:01:45 -0600 Source: Safehaven
Anglo American favours a listing of some South African platinum mines as the most likely route to divesting those assets, the mining group's chief executive said on Friday. Platinum has been a problem for London and Johannesburg-listed Anglo American for some time, due to recurrent strikes and st...
Fri, 24 Apr 2015 00:21:00 -0600 Source: Miningweekly
Gold clung to overnight gains on weak U.S. economic data but the metal was poised for its third straight weekly drop possible Fed rate hike.
Thu, 23 Apr 2015 19:28:00 -0600 Source: CNBC.com | Stock Market Headlines
Canada-based Barrick Gold has cancelled plans to cease operations at its Lumwana copper mine after Zambia's Government announced a reduction in mining royalties.
Thu, 23 Apr 2015 17:00:00 -0600 Source: NRI: Mining Technology
A fist-sized piece of silver metal that houses the compressor inlet temperature sensor inside a jet engine has become a symbol for big change in jet engine design. The housing for the sensor, known as T25, recently became the first 3-D-printed part certified by the U.S. Federal Aviation...
Thu, 23 Apr 2015 14:35:16 -0600 Source: thefabricator.com
Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. Zambia's cabinet set the royalty tax rate for open-pit and underground mining at 9% o...
Thu, 23 Apr 2015 12:20:00 -0600 Source: Miningweekly
Acacia Mining’s Q1 financials show a sharp unit costs rise – is this a sign that mining cost cutting capabilities are already petering out?
Thu, 23 Apr 2015 11:36:03 -0600 Source: Mineweb
India and China boosted 2013 purchases when investors dumped the yellow metal.
Thu, 23 Apr 2015 11:35:53 -0600 Source: Mineweb
In the two years since, the staff at DollarCollapse has been bugging Chris to bring back the old designs, introduce some new ones, and get the affiliate program back on-line. Finally, this week, he did.
Thu, 23 Apr 2015 07:48:26 -0600 Source: Safehaven
Gold miner Acacia Mining said its first-quarter core profit fell 18% as falling gold prices offset an increase in ounces sold. Gold prices are expected to average $1 209/oz in 2015, according to a poll of 38 analysts and traders conducted by Reuters in April.
Thu, 23 Apr 2015 07:01:00 -0600 Source: Miningweekly
WA has increased need for underground electricians to meet demand as gold production ramps up.
Thu, 23 Apr 2015 05:19:47 -0600 Source: Mineweb
TORONTO, April 23, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") has been monitoring the ongoing solicitations of unitholders of Central GoldTrust ("GTU") (NYSEMKT:GTU) (TSX:GTU-U) and Silver Bullion Trust ("SBT") (TSX:SBT-U) in connection with unith...
Thu, 23 Apr 2015 05:00:00 -0600 Source: PrimeZone: Mining & Metals
JSE-listed Anglo American Platinum (Amplats) equivalent refined platinum production has increased by 50% to 536 000 oz for the three months ended March, compared with the strike-impacted first quarter of 2014. The company reported on Thursday that its large openpit Mogalakwena mine, in Mokopane, ...
Thu, 23 Apr 2015 01:32:00 -0600 Source: Miningweekly
The conditions precedent related to Part A of the sale of Aquarius Platinum’s idled Everest mine to Northam Platinum have been fulfilled, rendering the disposal process unconditional and an amount of R400-million payable to Aquarius by June 26. Aquarius announced in February that it had entered i...
Thu, 23 Apr 2015 00:43:00 -0600 Source: Miningweekly
Everest Mining's assets will be transferred to Northam for a cash consideration of R400m ($32.9m), under a Part A sale.
Wed, 22 Apr 2015 17:00:00 -0600 Source: NRI: Mining Technology
Press release highlights: Winter trenching program identifies additional surface high grade gold TR15-11, returned 6.05 g/t Au over 8 m including 14.98g/t Au over 3 m 32.47 g/t Au over 1.0 metre, trench 15-11 sample 23 Western most pit to be extended with additional mining lease...
Wed, 22 Apr 2015 12:23:00 -0600 Source: PR Newswire: Mining/Metals
Philippine government has cleared the development of its Silangan copper-gold mine.
Wed, 22 Apr 2015 09:06:10 -0600 Source: Mineweb
Plans being fleshed out by South Africa’s Chamber of Mines (CoM) in liaison with government for a centre of excellence were poised to take mechanised mining to the next level, Gold Fields CEO Nick Holland said on Tuesday. But in the meantime, the going continued to be tough in the mechanised aren...
Wed, 22 Apr 2015 04:40:00 -0600 Source: Miningweekly
Yellow metal seen stuck in a narrow range despite concerns over Greece's debts.
Tue, 21 Apr 2015 17:40:53 -0600 Source: bnamericas.com: Metals
The upcoming FOMC meeting on April 28 - 29 could keep COMEX gold prices under some pressure. Regardless, influential Western bank economists continue to focus more on events in Asia.
Tue, 21 Apr 2015 10:15:59 -0600 Source: Safehaven
Harmony Gold would continue to restructure its operations to ensure long-term profitability, the company said on Tuesday. This included the completed restructuring at Kusasalethu, on the border of the Gauteng and the North West. “The full cost saving will be realised in the June quarter. Producti...
Tue, 21 Apr 2015 08:39:00 -0600 Source: Miningweekly
Yellow metal prices fall slightly despite the US dollar's decline against the euro, while Greece fears also fail to spark investor interest.
Tue, 21 Apr 2015 06:42:08 -0600 Source: bnamericas.com: Metals
Rio Tinto said production at its Murowa diamond mine in Zimbabwe fell 42% in the first quarter after a planned shutdown and a decision to cut output as it sought clarity on a new export tax. Zimbabwe's government in January introduced a 15% export tax on unrefined platinum and there was confusion...
Tue, 21 Apr 2015 03:08:00 -0600 Source: Miningweekly
Gold miner Perseus Mining has reduced the expected capital costs of its Sissingue project, in Côte d’Ivoire from $115-million to $106-million.A 2010 feasibility study had estimated that the project would deliver an average 106 400 oz/y of gold over the six-year mine life, based on an initial prob...
Tue, 21 Apr 2015 01:36:00 -0600 Source: Miningweekly
Gold held on to overnight losses, trading below the key $1,200, as a rally in global equities and a firmer dollar dented the metal's appeal.
Mon, 20 Apr 2015 18:33:00 -0600 Source: CNBC.com | Stock Market Headlines
Briefly: In our opinion, a speculative short position (half) in gold, silver and mining stocks is justified from the risk/reward point of view.
Mon, 20 Apr 2015 18:12:39 -0600 Source: Safehaven
Philex Mining has secured regulatory approval to commence operations at its $1.2bn Silangan copper-gold project in Surigao del Norte, Mindanao, Philippines.
Mon, 20 Apr 2015 17:00:00 -0600 Source: NRI: Mining Technology
After a year of operations, LSE- and Nasdaq-listed Randgold Resources was turning its focus to finding more reserve ounces at the Kibali mine, in the Democratic Republic of Congo (DRC) to secure its future as a long-life mine and one of Africa’s largest gold producers.Randgold developed and opera...
Mon, 20 Apr 2015 10:55:00 -0600 Source: Miningweekly
The precious metal is Mali’s top foreign exchange earner.
Mon, 20 Apr 2015 10:45:42 -0600 Source: Mineweb
A spectacular new dust control system announced at a Chamber of Mines (CoM) of South Africa conference on Monday is described as the closest the industry has come to a silver bullet to put an end to the curse of silicosis and other lung diseases that have plagued the South African mining industry...
Mon, 20 Apr 2015 08:39:00 -0600 Source: Miningweekly
CARSON CITY, Nev., April 20, 2015 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") announced an update on its placer operation and ongoing negotiations for underground mining at the Julio. On April 8th, a $10,000 payment was received from its Mexican...
Mon, 20 Apr 2015 07:00:00 -0600 Source: PrimeZone: Mining & Metals
Dual-listed gold miner Perseus Mining has revealed an updated life-of-mine (LoM) plan for its Edikan gold mine, in Ghana, which the miner said proved the project’s economic reliability.The revised LoM plan involved mining and processing ore from seven optimised openpits, which host an ore reserve...
Mon, 20 Apr 2015 02:24:00 -0600 Source: Miningweekly
Any increase by the Democratic Republic of Congo in the taxes it levies on mining will stifle new investment in the mineral-rich African country, gold miner Randgold Resources' CE said. Congo's draft mining code – which proposes to raise corporate taxes to 35% from 30% and introduce a new 50% win...
Mon, 20 Apr 2015 00:21:00 -0600 Source: Miningweekly
Gold was little changed above $1,200 with a softer dollar providing support for the safe-haven metal.
Sun, 19 Apr 2015 22:36:00 -0600 Source: CNBC.com | Stock Market Headlines
*Gold holds steady amid weaker dollar. SINGAPORE, April 20- Gold was little changed above $1,200 an ounce on Monday with a softer dollar providing support for the safe-haven metal, but a lack of robust physical demand and uncertainty over the timing of a U.S. interest rate hike kept investors on ...
Sun, 19 Apr 2015 21:50:00 -0600 Source: CNBC.com | Interest Rates
US-based Coeur Mining has completed its acquisition of Paramount Gold and Silver for $146m after gaining stockholder approval from both companies.
Sun, 19 Apr 2015 17:00:00 -0600 Source: NRI: Mining Technology
Officers continue to search through rubble at the site.
Sun, 19 Apr 2015 01:36:10 -0600 Source: Mineweb
Coeur Announces Positive Results of Stockholder Votes and Completes Acquisition of Paramount Gold and Silver
CHICAGO, April 17, 2015 (GLOBE NEWSWIRE) -- Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE:CDE) announced that the proposals related to the previously announced acquisition of Paramount Gold and Silver Corp. ("Paramount") were approved by both Coeur stockholders...
Fri, 17 Apr 2015 14:05:00 -0600 Source: PrimeZone: Mining & Metals
Precious metal prices were broadly unchanged this week, confined to a tight trading range of $1210 to $1185 for gold and $16.60 to $16.00 for silver. There were several attempts by sellers to force prices to break down, but from the ...
Fri, 17 Apr 2015 07:30:03 -0600 Source: Safehaven
Gold firmed around $1,200 but the metal was headed for its second straight weekly drop, weighed down by speculation over the Fed rate hike timing.
Thu, 16 Apr 2015 21:55:00 -0600 Source: CNBC.com | Stock Market Headlines
"There are three precious metals of freedom: gold, silver and lead," said Michael Fuljenz, President of Universal Coin & Bullion, who received one of the National Rifle Association's...(PRWeb April 16, 2015)Read the full story at http://www.prweb.com/releases/2015/04/prweb12660367.htm
Thu, 16 Apr 2015 19:15:42 -0600 Source: PR Web: Mining / Metals
Wolfden Resources and Votorantim Metals Canada have extended the exclusivity period from 9 to 30 April for the company to acquire a 65% interest in the Murray Brook project from Votorantim.
Thu, 16 Apr 2015 17:00:00 -0600 Source: NRI: Mining Technology
The yellow metal extended a rebound from a two-week low.
Thu, 16 Apr 2015 15:41:15 -0600 Source: Mineweb
Ariab Mining Company owns and operates gold mines.
Thu, 16 Apr 2015 15:40:55 -0600 Source: Mineweb
TSX-V: GMN TORONTO, April 16, 2015 /CNW/ - (TSXV:GMN): GobiMin Inc.
Thu, 16 Apr 2015 08:52:00 -0600 Source: CNW Group | Mining/Metals
Despite numerous challenges, Aim-listed Mwana Africa increased gold production at its Freda Rebecca mine and nickel concentrate output at its Trojan mine, in Zimbabwe, during the three months ended March 31. The diversified miner noted in a statement to shareholders on Thursday that it had experi...
Thu, 16 Apr 2015 03:16:00 -0600 Source: Miningweekly
Sudan has taken full ownership of Ariab Mining Company after purchasing a 44% stake from Egyptian billionaire Naguib Sawiris in a $100-million deal, the country's minister of mining said on Wednesday. Ahmed Sadiq al-Karouri told Reuters the government had already paid half of the sum and would pa...
Thu, 16 Apr 2015 02:44:00 -0600 Source: Miningweekly
Serabi Gold plc ("Serabi" or the "Company") First quarter update on Serabi's Tapajos gold operations at Palito and Sao Chico
LONDON, April 16, 2015 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to provide an operational update for the first quarter of 2015 on its wholly owned Palito and Sao Chico gold operations in the Tapajos region of Par...
Thu, 16 Apr 2015 00:00:00 -0600 Source: PrimeZone: Mining & Metals
WINNIPEG, April 15, 2015 /PRNewswire/ - San Gold Corporation (TSX-V: SGR) ("San Gold" or the "Company") announces it has expanded the scope of the temporary operational changes initiated at its Rice Lake mine in March, including the suspension of all mining operations. The changes...
Wed, 15 Apr 2015 18:30:00 -0600 Source: PR Newswire: Mining/Metals