Recent News

Could Gold Go Lower from Here?

August 14, 2018 /

After yesterday's dynamic price drop, the real question is will gold go lower or will it rally from here? The possible answers are entirely different when you look at the technical data and when you then look at the fundamental events behind the selloff in gold. On a technical basis, gold is over-sold. This week gold broke below the 0.618% retracement as it traded through and below $1,218 per ounc...Read More

AngloGold cancels Equinox Gold earn-in joint venture

August 14, 2018 /

The planned earn-in joint venture between Equinox Gold and AngloGold, to be carried out at the Aurizona greenfields concessions in Brazil, has been terminated by AngloGold.Read full newsRead More

Aben Hits Eskay Creek Grade Gold in the Golden Triangle

August 09, 2018 /

Bob Moriarty of 321 Gold discusses a gold explorer in British Columbia's Golden Triangle that just released off-the-charts drill results.Sponsored ContentRead How This Risk Taking Combat Pilot Become a Successful Investor. Get the Book Now I've written about Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) before. In my first piece, I talked about Ron Netolitzky, the man who discovered Eskay Creek and...Read More

Hot dry weather threatens BC gold-copper mine - Centerra Gold

August 11, 2018 /

Centerra Gold Inc. said that a lack of available water is posing a threat to is Mount Milligan mine in British Columbia.Read full newsRead More

Ivan Bebek, Executive Chairman and Director of Auryn Resources

August 08, 2018 /

Ivan Bebek, Executive Chairman and Director of Auryn Resources, gives updates on several gold targets in North America that are being explored this summer.Read More

Yamana Gold names new CEO, creates executive chairman role

August 08, 2018 /

Daniel RacineDaniel Racine was elevated to president and chief executive officer of Yamana Gold, the company announced today.Racine, who previously served as executive vice president and chief operating officer, will take the position from Yamana founder Peter Marrone.Yamana will be trying out a different leadership structure. Marrone will stay with the company and will assume the newly-created ro...Read More

Gold Bull Far From Dead, $2150 Not a Stretch- Report

August 07, 2018 /

Young Bull or Long in the Tooth?Occasionally, not so easily found public research is sent to us. We pass it on hopefully your benefit. For our first OpportunisticTrader "share" here is the latest gold research from CANACCORD | Genuity presented with only one comment:Based on their assessment bull markets average an ROR of 106%. Using Dec 2015 as their reference point, that puts us near $2180.00....Read More

Aram Shishmanian to step down as CEO of the World Gold Council in 2019

August 03, 2018 /

The World Gold Council has today announced that Aram Shishmanian will be stepping down as Chief Executive Officer next year after 10 years of leadership.Mr Shishmanian has been CEO of the World Gold Council since January 2009. Under his leadership, the market development organisation has promoted fundamental changes to gold policy in key markets such as China and India, as well as setting new stan...Read More

Barrick Gold makes China investor push as markets slump

August 01, 2018 /

TORONTO, Aug 1 (Reuters) - Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold, aimed at bolstering its shareholder base, executives told Reuters.Bruised by a strong U.S. dollar, the price of gold is nearing a one-year low, with speculators holding record short positions.China, the world's largest producer and consum...Read More

Canada's Kinross Gold puts Mauritania mine expansion on hold

August 01, 2018 /

TORONTO, Aug 1 (Reuters) - Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities.Kinross was asked to enter "mutually beneficial" discussions in May, in a letter from the government that also affirmed its earlier rejection of a permit to a...Read More

Half of the Asanko gold mine in Ghana now belongs to Gold Fields

August 01, 2018 /

South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) announced the completion of the joint venture deal that gave the former a 50 per cent stake in Asanko's 90-per-cent-interest Asanko gold mine.The mine is one of Ghana's newest gold operations and it is located in the country's Ashanti Region. Both companies have set up a number of working groups whose objective is to m...Read More

McEwen Mining posts loss on strong investment to grow key assets

July 31, 2018 /

Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) posted Tuesday a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.Net cash flow from the business, excluding project development costs, came at $18.7 million for the January-June period, and translated into 72,027 ounces of gol...Read More

Union official at Chile's Escondida mine predicts 'overwhelming' vote against BHP offer

July 30, 2018 /

The union at BHP's Escondida mine in Chile, the world's largest copper mine, is expected to overwhelmingly reject the final contract offer from the Anglo-Australian miner, increasing the likelihood of a strike, a union leader told Reuters on Monday.Union members have until Wednesday to finish voting on the company's proposal, when the union will conduct an official count. After that, either party...Read More

Russian scientists discover new mineral

July 30, 2018 /

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 /

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 /

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 /

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 /

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 /

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 /

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