Gold languished below $1,170 an ounce with the dollar stronger on the Greek debt crisis and bullion investors waiting for U.S. data for cues.
Wed, 01 Jul 2015 19:07:00 -0600 Source: CNBC.com | Stock Market Headlines
Briefly: In our opinion, short (half) speculative positions in gold, silver and mining stocks are justified from the risk/reward point of view. Gold and silver declined yesterday, but the really profound action was seen in ...
Wed, 01 Jul 2015 14:00:55 -0600 Source: Safehaven
Triple-listed platinum miner Atlatsa Resources on Wednesday said it was in talks with platinum major Anglo American Platinum (Amplats) regarding the future sustainability of the Bokoni mine, in Polokwane, as well as potential alternative financial support for the company. This followed after some...
Wed, 01 Jul 2015 06:59:00 -0600 Source: Miningweekly
South Africa's platinum sector is at a crucial juncture as the metal's price, near six-year lows, maintains a steady decline, with analysts now contemplating a move below $1 000/oz. Platinum has fallen nearly 10% so far this year, and at current prices of less than $1 100/oz, many shafts in the w...
Wed, 01 Jul 2015 04:23:00 -0600 Source: Miningweekly
The bilateral non-oil trade between Djibouti and the UAE reached AED1.98 billion in 2014, according to a report issued by the UAE’s Ministry of Economy.The report, titled Trade Policy Review of Djibouti, states that the two countries are working to strengthen their economic ties and common intere...
Wed, 01 Jul 2015 04:23:28 -0600 Source: Financial Planning
ASX-listed Resolute Mining plans to complete a feasibility study (FS) on its Bibiani gold project, in Ghana, in mid-2016, after an underground scoping study delivered positive results. The scoping study, undertaken by Snowden Mining Industry Consultants, revealed an underground mining inventory o...
Wed, 01 Jul 2015 02:10:00 -0600 Source: Miningweekly
There’s going to be no relief anytime soon from gold’s worst losing streak in almost two decades.
Wed, 01 Jul 2015 00:31:11 -0600 Source: Mineweb
The benchmark could ultimately give Asia more power over bullion trade.
Tue, 30 Jun 2015 19:15:57 -0600 Source: Mineweb
British Columbia (BC) in Canada has approved JDS Silver’s proposal to begin construction on the Silvertip Mine, located 16km south of the Yukon border and 90km south-west of Watson Lake.
Tue, 30 Jun 2015 17:00:00 -0600 Source: NRI: Mining Technology
Cincinnati Incorporated’s new Gold Partner Program provides metal fabrication customers with expanded options for software that has been validated and tested to work with the manufacturer’s products. These Gold Partner software packages, when purchased with new Cincinnati products, can also...
Tue, 30 Jun 2015 13:35:43 -0600 Source: thefabricator.com
VANCOUVER, June 30, 2015 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) today announced that it has formally commenced its share exchange takeover bid (the "Offer") to acquire all of the issued and outstanding shares of CB Gold Inc. ("CB Gold") in...
Tue, 30 Jun 2015 03:00:00 -0600 Source: PR Newswire: Mining/Metals
Dual-listed Jubilee Platinum’s share price on the JSE surged nearly 8% on Tuesday as the mine-to-metals specialist announced the receipt of funding offers for two of its surface projects and firm offers for its noncore nonplatinum assets, while it concluded the second of three share-payment tranc...
Tue, 30 Jun 2015 02:59:00 -0600 Source: Miningweekly
ASX-listed Auroch Minerals will sell its Manica mining concession, in Mozambique, to Aim-listed gold and copper exploration company Xtract Resources for $12.5-million. The purchase price included $6.5-million in Xtract shares and $4.5-million in cash. Xtract would also provide funding to settle p...
Tue, 30 Jun 2015 01:45:00 -0600 Source: Miningweekly
Sprott Responds to Continued Failure of Central GoldTrust and Silver Bullion Trust Trustees to Address Long-Term Issues
TORONTO, June 29, 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"), t...
Mon, 29 Jun 2015 14:10:00 -0600 Source: PrimeZone: Mining & Metals
Collectible gold, silver, and copper-nickel coins from around the world capture the mayhem, thrills and pure adrenaline of Shark Week.(PRWeb June 29, 2015)Read the full story at http://www.prweb.com/releases/2015/06/prweb12815809.htm
Mon, 29 Jun 2015 11:15:42 -0600 Source: PR Web: Mining / Metals
South Africa’s gold mining companies on Monday tabled a five-year offer that would see their employees benefit from an upside in the industry, with some fringe benefits to alleviate employee indebtedness and improve housing. Gold companies AngloGold Ashanti, Evander Gold Mines, Harmony Gold, Siba...
Mon, 29 Jun 2015 08:43:00 -0600 Source: Miningweekly
Gold jumped 1 percent as investors sought safety in the metal after the Greece debt crisis took a turn for the worse.
Sun, 28 Jun 2015 18:55:00 -0600 Source: CNBC.com | Stock Market Headlines
Rio Tinto has announced plans to construct the underground section of the $5.4bn Oyu Tolgoi copper and gold mine in Mongolia in 2015 with an investment of up to $300m.
Sun, 28 Jun 2015 17:00:00 -0600 Source: NRI: Mining Technology
The platinum miner will spend $142 million to reopen its Bimha mine.
Fri, 26 Jun 2015 14:15:53 -0600 Source: Mineweb
Gold and silver are languishing near major lows, trudging through the barren sentiment wasteland of the summer doldrums. The major factor behind this weakness is extreme shorting by American futures speculators.
Fri, 26 Jun 2015 13:21:02 -0600 Source: Safehaven
Gold is decreasing. Downside pressures have increased. We expect the metal to test the hourly support at 1162 (05/06/2015 low). Key support lies at 1142 (17/03/2015).
Fri, 26 Jun 2015 07:03:18 -0600 Source: Safehaven
JSE-listed Aquarius Platinum on Friday said it had received the first payment from the sale of its Everest mine to Northam Platinum. The Part A R400-million payment for the concentrator and other mining assets of Everest mine was concluded on Friday, with the R50-million balance, securing the Eve...
Fri, 26 Jun 2015 04:39:00 -0600 Source: Miningweekly
*Gold recovers from 2- week low, focus on Greece. LONDON, June 26- Gold rose from two-week lows on Friday on caution ahead of crunch talks on Greece this weekend, although concerns over the longer-term outlook for the metal in an environment of rising interest rates capped gains. "Gold for the m...
Fri, 26 Jun 2015 03:33:00 -0600 Source: CNBC.com | Interest Rates
West African gold exploration and development company Hummingbird Resources has entered into a subscription agreement to raise £500 000, before expenses, to advance its Yanfolila gold project, in Mali, to near-term production and for working capital purposes.
Fri, 26 Jun 2015 02:59:00 -0600 Source: Miningweekly
If implemented, the proposed European Union (EU) conflict minerals legislation will help make responsible sourcing a natural part of doing business in areas struggling with conflict or instability, nongovernmental organisation Global Witness conflict minerals campaigner Emily Norton says. The tra...
Fri, 26 Jun 2015 00:00:00 -0600 Source: Miningweekly
CEO of Orosur Mining is fighting to find new reserves of gold in Uruguay.
Thu, 25 Jun 2015 16:56:09 -0600 Source: Mineweb
Though the true amounts are debatable, it's generally conceded that China is importing a lot of gold. What's not included in this calculation -- but should be -- are the deposits its mining companies are acquiring overseas.
Thu, 25 Jun 2015 15:16:33 -0600 Source: Safehaven
The Farlam Commission of Inquiry into the Marikana massacre has found against platinum-mining company Lonmin on five counts and has urged the Department of Mineral Resources to compel the London-listed company to provide housing for mineworkers in what arguably ranks as the inquiry's most forcefu...
Thu, 25 Jun 2015 11:09:00 -0600 Source: Miningweekly
The Farlam Commission of Inquiry into the Marikana massacre, which found against London- and Johannesburg-listed platinum mining company Lonmin on five counts, has recommended that the Department of Mineral Resources forces the platinum-mining company to comply with its housing obligations Presid...
Thu, 25 Jun 2015 11:09:00 -0600 Source: Miningweekly
The gold price has stabilized in 2014, after its collapse in April and June of 2013. Investors' interest in the yellow metal is lost. Hence, market sentiment vis-
Thu, 25 Jun 2015 08:38:34 -0600 Source: Safehaven
Fortune Minerals Announces Results of Annual Meeting of Shareholders and Provides Update of Revenue Silver Mine
Issued Capital: 222,077,580 LONDON, ON, June 25, 2015 /CNW/ -Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2015 Annual General Meeting of...
Thu, 25 Jun 2015 05:13:00 -0600 Source: PR Newswire: Mining/Metals
Saudi Arabia produced 22.8 tonnes of gold and 28.3 tonnes of silver between 2010 and 2014, according to a new report.The kingdom’s production of gold rose by five per cent or 205 kilograms in 2014 to 4.4 tonnes from 4.2 tonnes in 2013, according to data and analysis by Al-Eqtisadiah.In gene...
Thu, 25 Jun 2015 03:50:35 -0600 Source: Financial Planning
A mining contractor has died at Canadian project developer Asanko Gold's eponymous project in Ghana. The TSX- and NYSE MKT-listed company said on Wednesday that work on the project had resumed after the relevant regulatory authorities conducted an initial inspection and gave clearance.
Wed, 24 Jun 2015 15:06:00 -0600 Source: Miningweekly
Gold fell to a new low but found a support near 1170 where metal might have accomplished a five wave decline in wave i, However, this can be confirmed only if price will rally out of a downward channel.
Wed, 24 Jun 2015 08:36:26 -0600 Source: Safehaven
Mining investor Jim Rutherford has joined the board of Dalradian Resources Inc.
Wed, 24 Jun 2015 08:20:31 -0600 Source: Mineweb
[GlobeNewswire] - CHICAGO, June 24, 2015-- Coeur Mining, Inc. announced proven and probable reserves at the recently-acquired Wharf gold mine in South Dakota of approximately 781,000 gold ounces. This represents a 39% increase ...
Wed, 24 Jun 2015 04:30:00 -0600 Source: Yahoo! Finance: Silver Industry News
SINGAPORE, June 24 (Reuters) – Gold slid to a one-week low on Wednesday, down for a fourth consecutive session, as the dollar strengthened and global stock markets continued to rally on expectations of a Greek debt deal.Asia shares rallied for a sixth straight session as investors chose to ...
Wed, 24 Jun 2015 01:25:30 -0600 Source: Financial Planning
The yellow metal slips as debt-laden Greece nears a deal with creditors which could see its deadline for repayments extended.
Tue, 23 Jun 2015 17:20:38 -0600 Source: bnamericas.com: Metals
Anglo American Platinum (Amplats) subsidiary Rustenburg Platinum Mines (RPM) is set to layoff up to 420 managerial and supervisory jobs as it proposes to consolidate mining operations over weak market conditions.
Tue, 23 Jun 2015 17:00:00 -0600 Source: NRI: Mining Technology
If granted, re-opener of tariff determination ‘will cripple the South African gold mining industry’.
Tue, 23 Jun 2015 15:16:15 -0600 Source: Mineweb
Global gold mining industry is showing signs of life as merger activity picks up.
Tue, 23 Jun 2015 08:55:34 -0600 Source: Mineweb
RESULTS FROM NEW DRILLING AT RATHDOWNEY'S PROJECT OLZA: Confirm potential to increase resources; Advance mine development studies
VANCOUVER, June 23, 2015 /CNW/ -
Tue, 23 Jun 2015 06:00:00 -0600 Source: CNW Group | Mining/Metals
LONDON, June 22 (Reuters) – Gold eased on Monday as the dollar rose and as European equities jumped on possible signs of progress in Greek debt talks, which curbed safe-haven demand for the metal.Spot gold had slipped 0.5 percent to $1,193.56 an ounce by 0940 GMT, about 1 percent below its ...
Tue, 23 Jun 2015 01:20:53 -0600 Source: Financial Planning
Platinum miner Anglo American Platinum’s (Amplats’) Rustenburg subsidiary plans to shed up to 420 jobs as it “redesigned” the organisational support structure and consolidated its operations to improve its financial sustainability. Rustenburg Platinum Mines (RPM), which on Tuesday issued Section ...
Tue, 23 Jun 2015 01:10:00 -0600 Source: Miningweekly
Yellow metal exports were hit by falling prices and lower production, while those of silver also declined.
Mon, 22 Jun 2015 18:35:23 -0600 Source: bnamericas.com: Metals
Yellow metal slips back below US$1,200/oz mark as fears over the Greek debt crisis ease, undermining investor demand.
Mon, 22 Jun 2015 18:35:33 -0600 Source: bnamericas.com: Metals
The rate of recovery of gold has continued to fall short of expectations’.
Mon, 22 Jun 2015 12:15:50 -0600 Source: Mineweb
The sustainability of South Africa’s hard-pressed gold-mining industry is expected to be at the heart of the industry’s crucial set of wage talks that began in Boksburg on Monday. The five gold-mining companies concerned are expected to ask their 120 000 employees to accept inflation-related incr...
Mon, 22 Jun 2015 08:33:00 -0600 Source: Miningweekly
The negotiations between trade unions and South Africa’s gold mining companies, led by the Chamber of Mines, to determine the wages and other conditions of workers in the gold industry from July 1 started on Monday. Gold companies AngloGold Ashanti, Evander Gold Mines, Harmony, Sibanye Gold and V...
Mon, 22 Jun 2015 01:30:00 -0600 Source: Miningweekly
The Foreign Corrupt Practices Act (FCPA) Unit of the US Securities Exchange Commission (SEC) will not recommend to the SEC that enforcement action be taken against dual-listed Gold Fields in relation to a 2010 black economic-empowerment (BEE) transaction associated with the granting of a mining l...
Mon, 22 Jun 2015 01:08:00 -0600 Source: Miningweekly