The gold price jumped by almost $30 an ounce on Thursday clearing the $1,700 an ounce level as retail and institutional investors continue to pile into the metal seen as a safe haven in times of turmoil.
News ID: 9688 Publish Date : 2020/06/10
Kincora Copper (TSXV: KCC) on Tuesday released more positive results from its ongoing drill campaign at the Trundle copper-gold porphyry project in New South Wales, Australia.
News ID: 9686 Publish Date : 2020/06/10
China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet.
News ID: 9683 Publish Date : 2020/06/10
Angola’s Sociedade Mineira de Catoca, which operate the namesake diamond mine in the sub-Saharan Africa’s country, has reduced mining and processing operations as demand remains weak due to the global covid-19 pandemic.
News ID: 9585 Publish Date : 2020/05/21
Altamira Gold (TSXV: ALTA) received a second environmental permit required for the trial mining licenses with respect to claim 866.070/2004 for its advanced Cajueiro gold project in Brazil.
News ID: 9583 Publish Date : 2020/05/21
Pure Gold Mining (TSXV:PGM, LSE:PUR) announced on Wednesday it has arranged a private placement with billionaire Canadian mining investor Eric Sprott, who will purchase 9.87 million common shares of the company at C$1.52 per share for gross proceeds of C$15 million.
News ID: 9578 Publish Date : 2020/05/21
Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis.
News ID: 9576 Publish Date : 2020/05/21
Newcrest Mining Ltd on Wednesday said it had achieved sufficient water levels at its Cadia gold and copper mine, easing production-related concerns at the New South Wales-based project for at least two years.
News ID: 9575 Publish Date : 2020/05/21
Fortuna Silver Mines (NYSE: FSM, TSX: FVI) announced Monday it has arranged a bought deal financing with a syndicate of underwriters led by Scotiabank and BMO Capital Markets to purchase 20 million common shares at $3.00 per share for aggregate gross proceeds of $60 million.
News ID: 9486 Publish Date : 2020/05/12
Canada’s Pure Gold Mining (TSX-V: PGM) (LON: PUR) said on Monday that its Madsen mine in Red Lake, Ontario, the only bullion project under construction in the country, remains on track to pour its first gold by the end of 2020.
News ID: 9485 Publish Date : 2020/05/12
Canadian precious metals miner SSR Mining (NASDAQ, TSX: SSRM) has agreed to buy Alacer Gold (TSX: ASR, ASX: AQG) in an all-stock, zero-premium deal valued at C$2.41 billion ($1.72 billion).
News ID: 9484 Publish Date : 2020/05/12
AngloGold Ashanti reported improved first-quarter cash flow on Monday but said it had lost 11,000 ounces of production because of coronavirus-related stoppages at its operations.
News ID: 9483 Publish Date : 2020/05/12
Ecuador-focused miner SolGold (LON, TSX:SOLG) has secured up to $150 million from streaming company Franco Nevada (TSX, NYSE: FNV), which it will use to develop its Alpala copper-gold project.
News ID: 9480 Publish Date : 2020/05/12
Australia-focused market analyst Resources Monitor issued a short report stating that the island country is bound to overtake China in 2021 as the world’s largest gold producer.
News ID: 9466 Publish Date : 2020/05/11
Rio Tinto (ASX, LON, NYSE: RIO) announced this weekend that it is introducing covid-19 testing at its Diavik diamond mine in Canada.
News ID: 9465 Publish Date : 2020/05/11
Nearly 90 cases of the novel coronavirus have been recorded among employees of Polyus Krasnoyarsk, a unit of Russia’s largest gold producer Polyus, the regional branch of Russia’s consumer health watchdog said on Saturday.
News ID: 9463 Publish Date : 2020/05/11
Gold prices saw a slight decline on Friday even as it was revealed the US job market experienced its worst downturn in history.
News ID: 9442 Publish Date : 2020/05/09
Canada’s Lucara Diamond (TSX:LUC) has become the latest miner impacted by how hard the coronavirus is hitting the sector as it posted a net loss of $3.2 million, or $0.01 a share, for the first three months of the year.
News ID: 9441 Publish Date : 2020/05/09
Seabridge Gold (TSX: SEA, NYSE: SA) has filed an NI-43-101 technical report for its KSM project in northern British Columbia, confirming the potential for a “dramatic improvement” in project economics by incorporating the recently expanded, higher-grade Iron Cap deposit into mine plans as previously highlighted in its preliminary economic assessment (PEA).
News ID: 9437 Publish Date : 2020/05/09
Great Panther (TSX:GPR; NYSE-A:GPL) has announced revenue for the first quarter of 2020 of $48.1 million, an increase of 188% over Q1 2019, reflecting primarily the acquisition of Tucano mine in Brazil.
News ID: 9436 Publish Date : 2020/05/09
