VANCOUVER, August 4, 2015 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) announces that it is extending the...
Tue, 04 Aug 2015 04:19:23 -0600 Source: CNW Group | Mining/Metals
Temex Terminates Arrangement Agreement with Oban Mining Corporation and Enters into Arrangement Agreement with Lake Shore Gold Corp.
TORONTO, July 31, 2015 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") announces that it has terminated the...
Tue, 04 Aug 2015 04:18:13 -0600 Source: CNW Group | Mining/Metals
Gold production in the Democratic Republic of Congo rose sharply in the second quarter and copper production also picked up, the central bank said on Monday, despite uncertainty about a proposed revision of the mining code. Congo, which hopes to become one of Africa's leading gold producers, mine...
Tue, 04 Aug 2015 01:45:00 -0600 Source: Miningweekly
Dual-listed gold miner AngloGold Ashanti sold its Cripple Creek & Victor mine, in Colorado, to NYSE-listed Newmont Mining Corporation for $820-million in cash. The sale, which also included a net smelter return royalty, formed part of AngloGold’s $3.1-billion debt reduction strategy.
Tue, 04 Aug 2015 01:30:00 -0600 Source: Miningweekly
If the numbers of contracts where investors stand for delivery get unmanageable, we'll see the massive leverage built into gold and silver futures start to work in favor of precious metals spot prices rather than against them.
Mon, 03 Aug 2015 17:30:05 -0600 Source: Safehaven
NEW YORK/ LONDON, Aug 3- Gold dropped on Monday, after falling by the most in two years in July, as the dollar rose and investors monitored U.S. economic indicators for clues on the timing of a hike in U.S. interest rates. Spot gold was down 0.9 percent at $1,086.06 an ounce by 3:02 p.m. EDT. The...
Mon, 03 Aug 2015 13:15:00 -0600 Source: CNBC.com | Interest Rates
Eagle gold bullion coin sales were up fourfold-plus in the US in July and gold volumes up twofold-plus on the Shanghai Gold Exchange, Mitsubishi Corporation International noted on Monday. Last month the US Mint sold 170 000 oz, the highest number of coins in more than two years, government data s...
Mon, 03 Aug 2015 08:10:00 -0600 Source: Miningweekly
The month of July has seen the most intense demand for physical gold and silver since April of 2013, setting numerous records for the year. On the heels of the spectacular drop in spot prices, buyers of physical metal have come out in droves.
Mon, 03 Aug 2015 08:06:36 -0600 Source: Safehaven
After successfully increasing the ore mined across its operations by 19% quarter-on-quarter to 1.48-million tons for the three months ended June 30, platinum miner Zimplats has lifted the production of platinum, palladium, gold and rhodium (4E) metal-in-concentrate by 12%, delivering 119 427 oz i...
Mon, 03 Aug 2015 07:46:00 -0600 Source: Miningweekly
Ontario Court Affirms Sprott Offers for Central GoldTrust and Silver Bullion Trust and Rejects "Defensive Tactics" Designed to Prevent the Sprott Offers and Entrench Trustees and Spicer-Controlled Administrators
TORONTO, Aug. 3, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott" or "Sprott Asset Management"), together with Sprott Physical Gold Trust (NYSE:PHYS) (TSX:PHY.U) and Sprott Physical Silver Trust (NYSE:PSLV) (TSX:PHS.U) (the "Sprott Physical Trusts"), tod...
Mon, 03 Aug 2015 06:10:00 -0600 Source: PrimeZone: Mining & Metals
Gold edged as expectations for a near-term hike in U.S. interest rates kept up the downward pressure after bullion fell the most since 2013 in July.
Sun, 02 Aug 2015 18:40:00 -0600 Source: CNBC.com | Stock Market Headlines
Barrick Gold’s sale of 50% of its Zaldivar copper mine to Antofagasta might be seen as a win-win for both companies.
Sun, 02 Aug 2015 16:06:09 -0600 Source: Mineweb
It does not matter how much gold China has bought, how many gold/silver coins have been sold to the public, even record numbers. It does not matter how low is the existing supply for silver and its excessive and growing demand ...
Sat, 01 Aug 2015 07:18:26 -0600 Source: Safehaven
Yellow metal closes higher but US growth and investor selling seen weighing on prices.
Fri, 31 Jul 2015 20:05:24 -0600 Source: bnamericas.com: Metals
Gold has certainly had a rough summer, facing withering selling pressure from record futures shorting. The resulting new secular lows have greatly exacerbated the already-extreme bearish psychology long plaguing this metal.
Fri, 31 Jul 2015 14:35:32 -0600 Source: Safehaven
A takeover by OceanaGold gets it longer life gold mine.
Fri, 31 Jul 2015 10:50:29 -0600 Source: Mineweb
Representative unions in the gold mining industry – the Associations of Mineworkers and Construction Union, the National Union of Mineworkers, Solidarity and UASA – are expected to revert back to the Chamber of Mines (CoM) in the next week, on whether their members accept gold producers’ final of...
Fri, 31 Jul 2015 07:22:00 -0600 Source: Miningweekly
Gold miner Teranga Gold Corporation has reported a 24% increase in production from its Sabadola gold mine, in Senegal, for the three months to June. Gold production reached 49 392 oz, compared with the 48 643 oz produced in the March quarter.
Fri, 31 Jul 2015 00:20:00 -0600 Source: Miningweekly
Barrick Gold has signed an agreement to sell a 50% interest in Chile's Zaldívar copper mine to Antofagasta for $1bn.
Thu, 30 Jul 2015 17:00:00 -0600 Source: NRI: Mining Technology
First Majestic Silver has signed an agreement to acquire all of the issued and outstanding common shares of SilverCrest Mines.
Thu, 30 Jul 2015 17:00:00 -0600 Source: NRI: Mining Technology
Lower global gold mining production and strong Asian physical buying to lift prices in the long-term, according to Goldcorp CEO Chuck Jeannes.
Thu, 30 Jul 2015 16:06:01 -0600 Source: bnamericas.com: Metals
VANCOUVER, July 30, 2015 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF) announces Q2 2015 gold production of 131,165 ounces resulting in a...
Thu, 30 Jul 2015 15:00:00 -0600 Source: CNW Group | Mining/Metals
Gold mining companies are turning increasingly to derivatives to lock in future revenues.
Thu, 30 Jul 2015 11:41:07 -0600 Source: Mineweb
The precious metal is still heading for its biggest monthly decline in 2 years.
Thu, 30 Jul 2015 11:40:47 -0600 Source: Mineweb
The fundamental response would be to cut production, but that is unlikely to happen anytime soon – economist.
Thu, 30 Jul 2015 11:40:57 -0600 Source: Mineweb
The deal only applies to workers at Northam’s Zondereinde mine.
Thu, 30 Jul 2015 11:39:47 -0600 Source: Mineweb
Gold producers AngloGold Ashanti, Evander Gold Mines, Harmony Gold and Sibanye Gold have tabled their final three-year offers for wage and benefit increases to representative unions, the Association of Mining and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and U...
Thu, 30 Jul 2015 07:45:00 -0600 Source: Miningweekly
Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and debatable management choices that are putting its survival at risk. Times are tough for everyone in the platinum sector.
Thu, 30 Jul 2015 07:19:00 -0600 Source: Miningweekly
Silver is now failing to erase former support at 14.42 (01/12/2014 low). The metal is still trading above this level. Support can now be found at 13.51 (19/08/2009 low). Resistance is given at 16.53 (04/06/2015 high).
Thu, 30 Jul 2015 07:04:40 -0600 Source: Safehaven
Platinum producer Northam Platinum has inked a three-year wage agreement with the National Union of Mineworkers (NUM) for workers at the Zondereinde mine, in Limpopo. Entry-level underground employees would be provided a 13% basic wage and allowance increase in the first year, followed by increas...
Thu, 30 Jul 2015 06:22:00 -0600 Source: Miningweekly
Gold mining companies are turning increasingly to derivatives to lock in future revenues, as an industry still smarting from losing out on a 12-year bull run gets creative over protecting its income during the metal's current downturn. While miners overall remain wary of hedging -- the outstandin...
Thu, 30 Jul 2015 06:20:00 -0600 Source: Miningweekly
Manufacture Roger Dubuis is thrilled to announce its third consecutive participation in Asia’s most prestigious Haute Horlogerie Exhibition, running from September 30th to October 3rd in the Hong Kong Convention and Exhibition Centre. Watches&Wonders will provide yet another exciting opportunity ...
Thu, 30 Jul 2015 00:11:46 -0600 Source: Financial Planning
Serabi Gold plc ("Serabi" or the "Company") Cancellation of Share Premium Account and Deferred Shares
LONDON, July 30, 2015 (GLOBE NEWSWIRE) -- At the Annual General Meeting of Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, held on 11 June 2015, shareholders of the Company approved resolutions, subject to the confirmation of the High Court of Justic...
Thu, 30 Jul 2015 00:00:00 -0600 Source: Metals News via PrimeZone
Production at Banks Island Gold's Yellow Giant gold mine in British Columbia (BC) has been hit after the company received pollution violation notice following a insdustrial water spill.
Wed, 29 Jul 2015 17:00:00 -0600 Source: NRI: Mining Technology
CMC has invested in a new Maptek Sentry monitoring system to ensure safety at Havilah Resources Limited?s Portia gold mine in South Australia. More... The post CM...
Wed, 29 Jul 2015 16:32:52 -0600 Source: ferret - Metal-working
A group of South African investors known as Union Resources has made a bid for Anglo American Platinum's Union mine, its chairman said on Wednesday. Union Resources chairman Tshepo Bokaba said the group was bidding for the mine, but declined to say how much his company was offering. "We are among...
Wed, 29 Jul 2015 08:57:00 -0600 Source: Miningweekly
Anaconda Mining Reports 12.83 g/t Gold Over 4.38 Metres and 8.55 g/t Gold Over 4.97 Metres from Channel Samples at the Stog'er Tight Project
TORONTO, July 29, 2015 /CNW/ -
Wed, 29 Jul 2015 05:00:00 -0600 Source: CNW Group | Mining/Metals
Despite record levels of platinum-ounce production and contained unit costs, low-cost platinum group metals (PGMs) processor and developer Sylvania Platinum on Wednesday said capitulating metal prices had battered its earnings in the fourth quarter of the year. Group earnings before interest, tax...
Wed, 29 Jul 2015 03:54:00 -0600 Source: Miningweekly
H1 yellow metal exports decline on lower volumes and prices, as B2Gold's production in the country slides.
Tue, 28 Jul 2015 16:51:11 -0600 Source: bnamericas.com: Metals
As demand for bullion used to back domestic financing deals decreases, says refiner Valcambi.
Tue, 28 Jul 2015 11:20:16 -0600 Source: Mineweb
“Gold has certainly moved out of favour in China in recent quarters,” says GFMS analyst Andrew Leyland.
Tue, 28 Jul 2015 11:20:36 -0600 Source: Mineweb
Putting more pressure on bigger gold mining companies.
Tue, 28 Jul 2015 03:31:14 -0600 Source: Mineweb
The Chamber of Mines (CoM) has concluded a wage agreement with the representative unions at JSE-listed Village Main Reef’s gold mining operations. The two-year agreement allowed for increases of R1 000 and R800 for Category 4 to 8 underground and surface employees respectively, and increases of 5...
Tue, 28 Jul 2015 02:07:00 -0600 Source: Miningweekly
China's gold imports could fall as much as 40% this year as demand for bullion used to back domestic financing deals decreases, the world's biggest refiner Valcambi said. A lot of the gold China imported in the last three years was used to secure cheaper loans due to a liquidity crunch, but that ...
Tue, 28 Jul 2015 01:45:00 -0600 Source: Miningweekly
MANILA, July 28- Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in U.S. interest rates. "If anything it's a little bit surprising that we haven't had the safe-haven bid in gold even t...
Tue, 28 Jul 2015 00:25:00 -0600 Source: CNBC.com | Interest Rates
Serabi Gold plc ("Serabi" or the "Company") Second quarter update on gold operations at Palito and Sao Chico
LONDON, July 28, 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 second quarter of 2015 on its wholly owned Palito and Sao Chico gold operations in the Tapajos region of Par...
Tue, 28 Jul 2015 00:00:00 -0600 Source: Metals News via PrimeZone
While gold's recent slump may be a buying opportunity in China and India, further weakness could be on the cards with analysts divided over the metal's outlook for 2015.
Mon, 27 Jul 2015 18:31:06 -0600 Source: bnamericas.com: Metals
India-based jewellery maker Rajesh Exports has acquired the 100% stake in European Gold Refineries Holding, which owns Switzerland-based Valcambi, through its Singapore subsidiary for $400m, which includes the stake of Newmont Mining.
Mon, 27 Jul 2015 17:00:00 -0600 Source: NRI: Mining Technology
Trade union Solidarity has called for the retirement age of underground miners be raised to 63, telling the Chamber of Mines (CoM) that the move would retain skills critical to the South African mining industry, thus promoting its sustainability. According to the union, ten mining houses in South...
Mon, 27 Jul 2015 08:25:00 -0600 Source: Miningweekly
We think it's best to continue approaching silver with extreme caution. While the time is long past for shorting it (we never recommend naked shorting a monetary metal!) it is not the time for betting on silver either.
Mon, 27 Jul 2015 06:29:42 -0600 Source: Safehaven