Recent News

Russian scientists discover new mineral

July 30, 2018 / www.mining.com

An iron meteorite that was found in 2016 in Buryatia, southern Russia, provided the keys for the discovery of a new mineral called 'uakitite,' which is associated with sulfides, schreibersite and magnetite.The discovery was made by researchers from the Ural Federal University, Novosibirsk State University and the Geological Institute at the Siberian Branch of the Russian Academy of Science. Given...Read More

Lucapa's mine in Lesotho continues to yield special diamonds

July 30, 2018 / www.mining.com

Australia's Lucapa Diamond (ASX:LOM) announced Monday the recovery of yet another special diamond from its 70 per cent-owned Mothae diamond mine in Lesotho.The 11.88-carat diamond was recovered from the North zone and, according to Lucapa, it is the first of its kind recovered from that section of the Mothae kimberlite pipe.In a press release, the miner said that this recovery means that special d...Read More

.@Newmont takes 70-percent stake in Nova Resources' Officer Hill #gold project:

July 30, 2018 / ow.ly

Through a newly formed joint venture, Newmont Mining will gain a 70-percent stake in Nova Resources' Officer Hill gold project in Australia.Read full newsRead More

Pebble's Draft Environmental Impact Statement to be ready in January

July 29, 2018 / www.mining.com

The U.S. Army Corps of Engineers announced that a Draft Environmental Impact Statement for Northern Dynasty Minerals' (TSX: NDM) Pebble mine will be completed in January 2019.During a press conference held this week at its Alaska division, representatives for the Corps said that the document will be open for public comment for 90 days rather than the usual 45 days.Prior to this, a "scoping report"...Read More

The world's most insatiable consumer digs deep into Canadian miners

July 30, 2018 / business.financialpost.com

How Chinese investment and pull increasingly drive our mining sectorRead full newsRead More

AngloGold scores coup as Barrick's Dushnisky takes up CEO mantle

July 26, 2018 / dlvr.it

ANGLOGOLD Ashanti has scored a huge coup in the form of Barrick Gold president, Kelvin Dushnisky, who has agreed to take up the company's reins from current CEO, Srinivasan Venkatakrishnan, whose last day at the Johannesburg-headquartered firm is on August 31. Venkatakrishnan, or 'Venkat' as he is known, is to become CEO of Vedanta. SiphoRead full newsRead More

Gold miners post lackluster results It was a down quarter for Canada's biggest gold miners.

July 26, 2018 / fw.to

It was a down quarter for Canada's biggest gold miners. Barrick Gold, Goldcorp and Agnico Eagle Mines all reported weaker results compared to a year ago, despite higher gold prices. BNN Bloomberg's Paul Bagnell reports.Read full newsRead More

Peruvian mining society says Anglo-Mitsubishi project marks a new era for the country

July 26, 2018 / www.mining.com

The president of Peru's National Society of Mining, Petroleum, and Energy, Pablo de la Flor, issued a statement today saying that Anglo American (LON:AAL) and Mitsubishi's joint venture to develop the Quelleveco project marks a new era for the country's mining industry.According to de la Flor, the project located in the southern Moquegua region will create 9,000 jobs during its construction phase...Read More

Eldorado expects higher gold production in 2018

July 26, 2018 / www.mining.com

Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) increased its full-year production guidance to 330,000-340,000 ounces of gold at $580-$630 per ounce from the previous 290,000-330,000 ounces of gold predicted for 2018.In a press release, the Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey, which saw increased production due to improved le...Read More

Yamana Posts 2Q Profit, On Pace To Top Gold-Output Guidance

July 26, 2018 / www.kitco.com

Yamana Gold Inc. (TSX: YRI; NYSE: AUY) late Thursday reported that the company was profitable in the second quarter, with gold production so far this year on track to exceed 2018 guidance.Net earnings were put at $18 million, or 2 cents per share, a turnaround from a net loss of $39.9 million, or 4 cents, in the second quarter of 2017. Excluding special items, the company’s income would be a...Read More

The Smart Money is in Pilbara Conglomerate Gold Plays

July 26, 2018 / bit.ly

The Pilbara Gold Rush in Western Australia kicked off in July 2017 with Artemis Resources (ASX:ARV) and Canadian joint venture partner Novo Resources' (TSXV:NVO) discovery of near-surface conglomerate-hosted gold nuggets over impressive strike lengths at Purdy's Reward.Read full newsRead More

Genesis Metals develops geological model for Chevrier

July 25, 2018 / www.stockwatch.com

Mr. Brian Groves reportsGENESIS DEVELOPS A NEW GEOLOGICAL MODEL FOR THE CHEVRIER GOLD PROJECTGenesis Metals Corp. has provided an update on the results of modelling of gold mineralization within the Main zone at the Chevrier gold project near Chibougamau, Que.It is the first time after the drilling of 213 drill holes over 29 years that a comprehensive and robust geological model has been developed...Read More

Coeur Mining Flips To Profit In Second Quarter

July 25, 2018 / www.kitco.com

(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) reversed to a profit in the second quarter on higher output, the company announced Wednesday.Net income came in at $2.9 million, or 2 cents per share, compared to a loss of $10 million, or 6 cents, in the second quarter of 2017. Adjusted net income from April through June was $1.1 million, or a penny per share, a turnaround from an adjusted loss of $1....Read More

Barrick Gold reports Q2 loss of US$94 million

July 25, 2018 / www.mining.com

Barrick reported a net loss of US$94 million or 8 cents per share, and adjusted net earnings of $81 million or seven cents per share for the second quarter of 2018.Barrick (NYSE:ABX) traded down -1.18% to US$11.68 as of 5:42 p.m. EDT.Barrick said earnings and cash flow impacted by planned maintenance activities at Barrick Nevada and Pueblo Viejo. The company says it remains on track to meet full-y...Read More

Gold Production In South Africa Continues To Collapse Plummets 85% From Peak In 1970 (VIDEO)

July 25, 2018 / news.goldseek.com

South African gold production collapsed again in May down 16% South Africa production has collapsed 85% from 1,000 tonnes in 1970 to 145 tonnes Long term, ongoing collapse appears to have deepened Gold price suppression has destroyed gold mining in South Africa and rest of Africa, impacted African economies, jobs and people Peak gold' or plateau gold' production is coming as seen in geological...Read More

Newmont Mining Maintains 14-Cent Dividend

July 24, 2018 / www.kitco.com

Newmont Mining Corp. (NYSE: NEM) is maintaining a quarterlydividend of 14 cents per share. While this is the same as the dividend paidafter the first quarter, the company notes that it is 87% higher year-on-year.The dividend will be payable on Sept. 27 to shareholders of record at the closeof business on Sept. 13. By Allen Sykoraof Kitco News; asykora@kitco.com RoxgoldResources: 2Q Gold Outpu...Read More

Chile's copper agency said US-China trade war to hit metal price

July 24, 2018 / www.mining.com

The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3.The state agency also said it expected the metal's price to climb back upwards next year, reaching $3.10 per pound.In terms of output in Chile, the world's largest copper producing country, Cochilco expects 5...Read More

Barrick's 'Mr. Fixer' Kelvin Dushnisky lured to rival AngloGold with bigger role

July 24, 2018 / dlvr.it

The jump to Johannesburg allows Dushnisky to finally ascend to the helm of a major gold companyRead full newsRead More

Western Potash Corp develops groundwater well for Milestone Phase I Project

July 24, 2018 / www.mining.com

VANCOUVER, British Columbia, July 23, 2018 (GLOBE NEWSWIRE) - Western Resources Corp. ("the Company") is pleased to announce that its wholly owned subsidiary Western Potash Corp. ("Western") has successfully developed a groundwater supply source for the Company's proposed Milestone Phase I Potash Project ("Phase I Project") located 35 km southeast of Regina, Saskatchewan. Water pump test results s...Read More

Commodities Set Up for a Rally

July 24, 2018 / www.marketslant.com

Source: Clive Maund for Streetwise Reports 07/24/2018Technical analyst Clive Maund provides copper, gold, platinum, silver and US dollar updates at what he calls a "key juncture."Commodities, including gold and silver, have plunged to become so deeply oversold that a snapback rally looks likely soon. This could be sharp and could trigger a wave of short covering. Such a rally is likely to be spa...Read More