South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside 5 billion rand ($420 million) in provisions for, a lawyer and industry group said on Sunday."I am confident we will finalise the settlement within six weeks," Richard Spoor, the human rights lawyer who has spearheaded the class action suit over the disea...Read More
Democratic U.S. Senator Elizabeth Warren, who has traded barbs with President Donald Trump, said on Sunday she's "not afraid of tariffs," but stopped short of endorsing his decision to launch steep tariffs on steel and aluminum.In several television interviews, Warren, who has been touted as a potential 2020 presidential candidate, said she saw a role for tariffs as part of U.S. trade policy."I am...Read More
Reactions continue to pour in following U.S. President Donald Trump's imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.Today, German Economy Minister Brigitte Zypries told Reuters that the decision will cost jobs and growth. According to Zypries, Trump does not want to understand the architecture of a free global econom...Read More
The Prospectors & Developers Association of Canada said 2018's convention attendance hit 25,606, the best turn out since 2013.Attendance was still marginally better than last year, just up six percent from 24,161.The PDAC Convention in Toronto, arguably the world's largest annual mining convention, is a bellwether of the industry's health. Participants from 125 countries attend.Organizers said...Read More
Reactions continue to pour in following U.S. President Donald Trump's imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.Today, German Economy Minister Brigitte Zypries told Reuters that the decision will cost jobs and growth. According to Zypries, Trump does not want to understand the architecture of a free global econom...Read More
Researchers from Fudan University and the University of Science and Technology of China tried curing blindness using gold and titanium.In a study published in Nature Communications, the researchers explain how they replaced mice's deteriorated photoreceptors - sensory structures in eyes that respond to light - with artificial ones made with titanium dioxide and gold nanowires.To prove what at the...Read More
Asection of the northern dam wall at the Cadia mine, located in the eastern Australian state of New South Wales, collapsed into the southern tailings dam on Friday releasing a slurry of finely ground rock, water and a low level of benign processing reagents.The information was provided by owner and operator Newcrest Mining (ASX:NCM), whose management issued a statement on Saturday saying that expe...Read More
In the latest twist in the ongoing war of words between Beijing and Washington, China's minister of commerce, Zhong Shan accused the U.S. ofRead full newsRead More
As of this moment, the big 6 Central Banks own $21 trillion in assets and rising; they also own over 40% of global GDP, more than double the 17% they held before the financial crisis less than a decade ago.Read full newsRead More
...and President Trump is not to blame for any of it (yet)...Read full newsRead More
(MENAFN) A sectional part of a dam wall has crashed at a main gold mine in NSW, which made the engineer stops the processes temporary. The CadRead full newsRead More
Just days after an earthquake hit the area, a dam wall has collapsed at the Cadia mine near Orange.Read full newsRead More
The gold miner reported a big jump in profits.Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
Forget cryptocurrency - the next big "gold rush" isn't even on Earth.Read full newsRead More
Chile's state-run mining company Codelco, the world's largest copper miner, signed a deal with Ecuador on Saturday for joint development of the Llurimagua copper project near Quito.The project could become the first mine Codelco operates abroad following years of efforts to expand internationally as much of the best-quality ore in Chile has already been mined."The project will wrap up advanced exp...Read More
Brazilian miner Nexa Resources SA said that it has reached a deal to end a workers' strike at its Cajamarquilla zinc smelter in Peru.Workers at Cajamarquilla had downed tools on Monday to demand higher wages and better benefits, according to a union leader.Nexa, previously known as Votorantim Metais Holding SA, said in a statement that it reached the agreement on Friday and will meet with the work...Read More
MONTR??AL, QU??BEC-(Marketwired - March 8, 2018) - Osisko Gold Royalties Ltd ("Osisko") (TSX:OR)(NYSE:OR) is pleased to announce that it has signed a term sheet (the "Term Sheet") with Victoria Gold Corp. ("Victoria") to acquire a 5% net smelter return ("NSR") royalty (the "Royalty") for C$98 million (the "Royalty Purchase") on the Dublin Gulch property (the "Property") which hosts the Eagle Gold...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold prices,...Read More
Mar 12, 2018 Guest(s): Eric Fier SilverCrest, President & COO Silver, when compared to the price of gold, is overdue for a rebound, said Eric Fier, CEO of SilverCrest Metals."If you look at the gold-silver ratio...we're at 80 to 1 right now. The last bear market, that was the bottom too, so I got the feeling we're looking at a pretty good recovery," Fier told Kitco News on the sidelines of the P...Read More