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Summary: Long term - on major sell signal since Mar 2012 when $HUI was at 550. Short term - on buy signals. Gold sector cycle - up as of 11/14. COT data suggests lower metal prices overall going forward. Read More...
Sat, 20 Dec 2014 08:59:44 -0600 Source: Safehaven
TSX.V: SCZ VANCOUVER, Dec. 19, 2014 /PRNewswire/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") announces that Mr. James Hutton has resigned as a Director with the Company. Mr. Hutton has been with Santacruz since it completed its first public share...
Fri, 19 Dec 2014 16:14:00 -0600 Source: PR Newswire: Mining/Metals
GoldBridges, a small Kazakh gold miner led by a member of the well-connected Assaubayev family, on Friday joined the main board of the London Stock Exchange and is hoping to improve the image of Kazakh businesses in the mining sector.The company, which already produces about 30 000 oz/y of gold a...
Fri, 19 Dec 2014 14:47:00 -0600 Source: Miningweekly
Zambia's decision to hike royalty rates on open pit mining from 6% to 20% will lead to shaft closures and 12 000 job losses, the chamber of mines said on Friday.Barrick Gold said on Thursday it would suspend operations at its Lumwana Copper Mine after royalty increases were passed into law in the...
Fri, 19 Dec 2014 14:42:00 -0600 Source: Miningweekly
CHICAGO, Dec. 19, 2014 (GLOBE NEWSWIRE) -- Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE:CDE) announced today an initial resource estimate for its high-grade underground Independencia silver-gold deposit, located approximately 800 meters east of the Guadalupe underground...
Fri, 19 Dec 2014 04:30:00 -0600 Source: PrimeZone: Mining & Metals
*Gold cuts weekly loss, other precious metals also firmer. SINGAPORE, Dec 19- Gold edged up above $1,200 an ounce on Friday as buyers helped the metal hold up against rising equity markets, paring losses fueled by worries over a looming hike in U.S. interest rates. A surge in gold prices to above...
Fri, 19 Dec 2014 00:44:00 -0600 Source: CNBC.com | Interest Rates
TORONTO, Dec. 18, 2014 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Corporation") [TSX: ASR and ASX: AQG] is pleased to announce the results of the heap leach pad expansion study which has resulted in a 14% increase in ultimate capacity to 56 million tonnes. The total cost of the expansion...
Thu, 18 Dec 2014 14:44:00 -0600 Source: PR Newswire: Mining/Metals
Scorpio Mining Corporation and U.S. Silver & Gold Inc. receive shareholder approval for business combination
TORONTO, Dec. 18, 2014 /CNW/ -
Thu, 18 Dec 2014 14:42:00 -0600 Source: CNW Group | Mining/Metals
THUNDER BAY, ON and VALLENAR, CHILE, Dec. 18, 2014 /PRNewswire/ - Red Metal Resources Ltd. (OTCQB:RMES), a mineral exploration company with copper-gold assets in Chile, is pleased to provide an update on mining activities being conducted by Minera Farellon, an affiliated company, on the...
Thu, 18 Dec 2014 13:15:00 -0600 Source: PR Newswire: Mining/Metals
ALPINE, UT, Dec. 18, 2014 /PRNewswire/ - Clifton Mining Company (OTCBB: CFTN) has received a distribution from American Silver, LLC totaling $381,250. This distribution, as well as the royalty payments received from Desert Hawk Gold Corp. will add significantly to the Company's...
Thu, 18 Dec 2014 12:48:00 -0600 Source: PR Newswire: Mining/Metals
Barrick Gold Corp., the world’s biggest producer of the metal, will start shutting down production at its Zambian operation after the southern African country tripled mining royalties.
Thu, 18 Dec 2014 10:59:00 -0600 Source: Resource Investor - Main Content Feed
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%.TSX- and NYSE-listed Barrick, the world’s largest gold producer, said th...
Thu, 18 Dec 2014 06:46:00 -0600 Source: Miningweekly
Aurum Mining LLC claimed to have a 50% interest in a $400m Brazilian gold mining JV.
Thu, 18 Dec 2014 01:28:16 -0600 Source: Mineweb
The electronic gold market or futures gold market continues to have all the hallmarks of a managed market and gold seems tethered to the $1,200/oz level for now despite the very bullish geo-political backdrop and robust global demand.
Wed, 17 Dec 2014 09:53:00 -0600 Source: Resource Investor - Main Content Feed
PARAMOUNT GOLD AND SILVER CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Coeur Mining, Inc.
[Business Wire] - Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Paramount Gold and Silver Corp.
Wed, 17 Dec 2014 09:16:00 -0600 Source: Yahoo! Finance: Silver Industry News
Gold prices will recover next year as demand in China and India improves, according to Australia & New Zealand Banking Group Ltd., which forecast an advance for bullion even as the Fed raises interest rates.
Wed, 17 Dec 2014 09:03:00 -0600 Source: Resource Investor - Main Content Feed
London- and Johannesburg-listed gold-mining company Central Rand Gold, which is currently being courted by three Chinese suitors, is taking steps to raise $1.85-million in equity capital to boost surface mining production, bring idled underground equipment to surface and reduce staff. The focus o...
Wed, 17 Dec 2014 06:40:00 -0600 Source: Miningweekly
[Marketwired] - Fortuna Silver Mines Inc. is pleased to announce Board approval of two major capital projects for 2015 at the San Jose Mine in Mexico: mill expansion from 2,000 to 3,000 tonnes per day and construction ...
Wed, 17 Dec 2014 05:00:00 -0600 Source: Yahoo! Finance: Silver Industry News
CHICAGO, Dec. 17, 2014 (GLOBE NEWSWIRE) -- Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE:CDE) today announced it has entered into a merger agreement under which Coeur has agreed to acquire all of the outstanding shares of Paramount Gold and Silver Corp. ("Paramount&...
Wed, 17 Dec 2014 04:30:00 -0600 Source: PrimeZone: Mining & Metals
Paramount Announces Agreement to Be Acquired by Coeur and Spin-Off of New Exploration and Development Company
[Marketwired] - Paramount Gold and Silver Corp. and Coeur Mining, Inc. have entered into an agreement and plan of merger, dated as of December 16, 2014 pursuant to which Coeur will acquire all of the issued and outstanding ...
Wed, 17 Dec 2014 04:30:00 -0600 Source: Yahoo! Finance: Silver Industry News
The country holds about 1,169.5 metric tons of the precious metal.
Tue, 16 Dec 2014 23:22:02 -0600 Source: Mineweb
TSX.V: SCZ VANCOUVER, Dec. 16, 2014 /PRNewswire/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") regrets to announce that a fatal accident occurred at the Rosario Mine in the State of San Luis Potosi, Mexico over this past weekend. An employee of a contractor...
Tue, 16 Dec 2014 16:46:00 -0600 Source: PR Newswire: Mining/Metals
In this interview with The Gold Report, Ecclestone explains that canny juniors are choosing past-producing properties, which boast dependable resources estimated by majors and already existing infrastructure. And he names two current gold producers he believes are woefully undervalued.
Tue, 16 Dec 2014 12:07:00 -0600 Source: Resource Investor Express
Gold Stocks Highlight - AuRico Gold, Agnico Eagle Mines, Primero Mining, Randgold Resources, and Seabridge Gold
LONDON, December 16, 2014 /PRNewswire/ -- Investor-Edge has initiated coverage on the following equities: AuRico Gold Inc. (NYSE: AUQ), Agnico Eagle Mines Ltd (NYSE: AEM), Primero Mining Corporation (NYSE: PPP), Randgold Resources Ltd (NASDAQ: GOLD), and Seabridge Gold Inc. (NYSE: SA)....
Tue, 16 Dec 2014 07:15:00 -0600 Source: PR Newswire: Mining/Metals
Anaconda Mining reports 10.52 g/t gold over 3.5 metres, 8.13 g/t gold over 4.5 metres and 7.2 g/t gold over 4.0 metres from drilling on the Stog'er Tight deposit
TORONTO, Dec. 16, 2014 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to announce the remaining results of the 2014 diamond drilling program at its Stog'er Tight...
Tue, 16 Dec 2014 05:00:00 -0600 Source: CNW Group | Mining/Metals
I urged gold mining producers some couple of years ago to hedge some of their expected production when gold entered in a bear market. For that, I caught some of the usual grief that can be expected from the gold perma bull crowd. Read More...
Mon, 15 Dec 2014 19:52:42 -0600 Source: Safehaven
Silver bullion demand remains very robust as silver stackers continue to stack.
Mon, 15 Dec 2014 14:25:00 -0600 Source: Resource Investor - Main Content Feed
The price of chrome concentrate and the basket price of platinum group metals should recover in 2015, which could mean fourth-quarter profit for the JSE-listed Tharisa Minerals should it achieve its number-one priority of steady state production. Tharisa CEO Phoevos Pouroulis told Mining Weekly O...
Mon, 15 Dec 2014 08:39:00 -0600 Source: Miningweekly
VANCOUVER, British Columbia, Dec. 15, 2014 (GLOBE NEWSWIRE) -- American Eagle silver coin sales reached 43 million ounces in 2014, an all-time yearly high. Physical purchases have pushed New York silver futures to 20% gains in the last two weeks. Surging demand prompted the U.S. Mint to briefly h...
Mon, 15 Dec 2014 07:30:00 -0600 Source: Metals News via PrimeZone
SCOTTSDALE, Ariz., Dec. 15, 2014 /PRNewswire/ -- Intertech Solutions Inc. (OTCPK: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") today is very pleased to announce further details on the Company's latest gold acquisition, the Hunter Creek Project in Alaska. The mine is located...
Mon, 15 Dec 2014 07:25:00 -0600 Source: PR Newswire: Mining/Metals
Gold Mining USA Signs Heads of Agreement With Riverstone Resources to Acquire a Valuable Mining Tenement in Queensland Australia
SACRAMENTO, Calif., Dec. 15, 2014 (GLOBE NEWSWIRE) -- Gold Mining USA, Inc. (OTC:GMUI), an emerging mineral resources company, is pleased to announce that the Company has achieved what it calls a unique and valuable acquisition of a 24 acre mining tenement that is located near Eidsvold in Queensl...
Mon, 15 Dec 2014 06:00:00 -0600 Source: Metals News via PrimeZone
TORONTO, Dec. 15, 2014 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") - (TSX:ANX) announces certain financial and operating results from the three and six month period ended November 30...
Mon, 15 Dec 2014 05:00:00 -0600 Source: CNW Group | Mining/Metals
Gold mining companies Harmony Gold of South Africa and Newcrest Mining of Australia plan to spend $2.3illion on developing their Golpu deposit in Papua New Guinea. Harmony and Newcrest, which each own 50% of the Golpu project through the Wafi-Golpu Joint Venture, on Monday gave a firm thumbs up f...
Mon, 15 Dec 2014 03:15:00 -0600 Source: Miningweekly
The troubled antimony and gold operation Cons Murch, which is in financial distress, has begun voluntary business rescue proceedings in consultation with the Department of Mineral Resources, JSE-listed Village Main Reef said on Monday. Its decision follows the inability of unlisted Australian sui...
Mon, 15 Dec 2014 00:47:00 -0600 Source: Miningweekly
Gold major Newcrest Mining on Monday announced that the company would proceed with a feasibility study on the Stage 1 development of the Wafi-Golpu project, in Papua New Guinea.A 2012 prefeasibility study (PFS) identified an improved business case for the project by splitting the project into two...
Sun, 14 Dec 2014 19:32:00 -0600 Source: Miningweekly
After rising 3.5% in the first two days of the week, the U.S. Comex gold futures retreated 0.52% in the following two days to end at $1,225.60 on Thursday.
Fri, 12 Dec 2014 10:06:00 -0600 Source: Resource Investor Express
Canadian mid tier gold miner, B2Gold continues its production expansion with the first gold pour, achieved ahead of schedule, at its new Otjikoto gold mine in Namibia.
Fri, 12 Dec 2014 09:43:08 -0600 Source: Mineweb
VANCOUVER, Dec. 12, 2014 /PRNewswire/ - Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") is pleased to announce the addition of Mineral Resources at the Marigold mine ("Marigold") located in Humboldt County, Nevada. These Mineral Resources lie within the...
Fri, 12 Dec 2014 05:15:00 -0600 Source: PR Newswire: Mining/Metals
RC Bullion announces the release of a new Gold and Silver Chinese Panda coins for 2015. These limited mintage special coins are now in stock at special pricing while supplies last.(PRWeb December 12, 2014)Read the full story at http://www.prweb.com/releases/2014/12/prweb12391310.htm
Fri, 12 Dec 2014 04:16:01 -0600 Source: PR Web: Mining / Metals
Newmont Mining, Royal Gold and Yamana Gold are Cowen and Company’s top three North American senior gold company picks.
Fri, 12 Dec 2014 03:21:56 -0600 Source: Mineweb
A week-long strike at London-listed Avocet Mining’s Burkina Faso operations has ended; however, a return to operations would take several weeks. Workers at the Inata gold mine downed tools on December 4, illegally occupying the mine and preventing management access to the mine or plant, following...
Fri, 12 Dec 2014 02:00:00 -0600 Source: Miningweekly
Major Swedish mining and metallurgical group, Boliden, has inaugurated a new silver recovery plant at its Kokkola zinc smelter.
Fri, 12 Dec 2014 00:51:58 -0600 Source: Mineweb
A joint report released by the World Gold Council (WGC) in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) states that the country, being the second largest consumer of the yellow metal after China, should frame effective gold policy.
Thu, 11 Dec 2014 10:53:00 -0600 Source: Resource Investor - Main Content Feed
South Africa’s second-largest platinum mining company is selling shares in the company’s primary operational subsidiary to employees in a R1.1-billion deal. The JSE-listed Inplats said on Thursday that it had concluded a vendor-financed equity transaction with Impala Platinum Limited, which owns ...
Thu, 11 Dec 2014 07:34:00 -0600 Source: Miningweekly
RUSTENBURG (miningweekly.com) – Chinese-backed emerging platinum producer Wesizwe Platinum has reached another milestone at its flagship Bakubung platinum mine project, which is already two-and-a-half years ahead of schedule. Despite facing tensions in the platinum belt during the year, continual...
Thu, 11 Dec 2014 06:54:00 -0600 Source: Miningweekly
Leading independent advisory firms ISS and Glass Lewis support plan of arrangement between Scorpio Mining and U.S. Silver & Gold
TORONTO, Dec. 11, 2014 /CNW/ -
Thu, 11 Dec 2014 05:00:00 -0600 Source: CNW Group | Mining/Metals
The bank predicts the deficit will come mainly from a reduction in mine production.
Thu, 11 Dec 2014 02:05:04 -0600 Source: Mineweb
Gold edged towards a seven-week high on Thursday as a sell-off in global equities and the dollar burnished the metal's safe-haven appeal.
Wed, 10 Dec 2014 21:12:00 -0600 Source: CNBC.com | Stock Market Headlines
In an interview with The Mining Report, Cantor Fitzgerald's Rob Chang discusses how gold miners are shaking profits out of slag.
Wed, 10 Dec 2014 11:20:00 -0600 Source: Resource Investor - Main Content Feed