South Africa’s Petra Diamonds (LON:PDL) on Monday became the latest victim of weak demand for precious stones that is crippling the industry after reporting full-year revenue below analysts’ estimates.
News ID: 5409 Publish Date : 2019/07/22
Vancouver-based Aftermath Silver’s (TSX: AAG.H) stock was up over 20% Friday, after it announced it is increasing its non-brokered private placement from 18.7 million units to up to 25 million units at a price of C$0.08 cents per share.
News ID: 5378 Publish Date : 2019/07/22
After hitting six-year highs overnight, gold fell back in busy Friday morning dealings as investors indulged in profit-taking ahead of the weekend.
News ID: 5345 Publish Date : 2019/07/20
Mongolian legislators will vote next month whether to rewrite a 2015 investment agreement with mining giant Rio Tinto (ASX, LON, NYSE:RIO) for the massive Oyu Tolgoi copper-gold mine, located in the Gobi Desert.
News ID: 5343 Publish Date : 2019/07/20
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has bowed to pressure from Acacia Mining’s (LON:ACA) minority shareholders, offering on Friday a sweetened deal for the African miner that would give Barrick full control.
News ID: 5342 Publish Date : 2019/07/20
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world’s second largest bullion miner, expects production of the precious metal this year to hit the upper end of its forecast range of 5.1 million to 5.6 million ounces.
News ID: 5312 Publish Date : 2019/07/19
Global miner Anglo American (LON:AAL) posted Thursday a 2% increase in overall production during the three months leading to June 30, helped mainly by its giant Minas-Rio iron ore mine in Brazil, but cut diamond guidance for the year as sales remain weak.
News ID: 5311 Publish Date : 2019/07/19
Shares in Fresnillo (LON:FRS), the world’s largest silver miner, dropped by almost 5% to the bottom of the FTSE 100 after it cut its annual production targets, citing lower-than-expected ore grades and construction delays at its gold mines in Mexico.
News ID: 5289 Publish Date : 2019/07/18
Embattled Acacia Mining (LON:ACA) is facing fresh hurdles in Tanzania as the government has ordered it to stop using a waste storage facility at North Mara, its largest gold mine and the only one of the three the company owns that remains fully operational.
News ID: 5288 Publish Date : 2019/07/18
The world’s No.2 miner, Rio Tinto, (ASX, LON, NYSE:RIO) is once again in trouble in Mongolia, but this time it is not related to the government questioning the legitimacy of the ongoing underground expansion of its giant Oyu Tolgoi copper-gold-silver mine, but the costs and schedule of the project.
News ID: 5269 Publish Date : 2019/07/17
Turquoise Hill’s (NSYE: TRQ) stock tanked over 42% on Tuesday, after releasing its Q2 2019 report, revealing costs for the expansion of its Oyu Tolgoi mine could increase by up to $1.9 billion.
News ID: 5268 Publish Date : 2019/07/17
West Africa-focused Avesoro Resources (TSX, LON: ASO) continues to transition from mining operator to contractor after concluding an agreement for Youga open pit gold mine in Burkina Faso, which could ease project funding pressure on the company.
News ID: 5227 Publish Date : 2019/07/16
In the first quarter of 2019, the global gold market continued to recover from the two-year lowest average price point of $1,213/ozt recorded in Q3 2018, rebounding to $1,304/ozt in Q1 2019, the second consecutive quarter of growth.
News ID: 5226 Publish Date : 2019/07/16
A World Bank’s tribunal has awarded almost $6 billion to Tethyan Copper Co. (TCC), a joint venture between Antofagasta PLC (LON:ANTO) and Barrick Gold (TSX:ABX) (NYSE: GOLD) Pakistan, settling this way a seven-year battle over a multi-billion-dollar copper and gold reserve in the country.
News ID: 5225 Publish Date : 2019/07/16
Rio Tinto has unveiled its annual showcase of the world’s rarest pink and red diamonds in a preview at the Argyle mine site in the east Kimberley region of Western Australia.
News ID: 5193 Publish Date : 2019/07/15
Chilean President Sebastian Piñera has submitted a series of modifications to a bill introduced earlier this year which would set stiffer fines and jail time for serious violations of the country’s environmental rules.
News ID: 5154 Publish Date : 2019/07/14
MUMBAI/BENGALURU – Physical gold buying stalled in top Asian hubs this week as consumers sold back bullion to cash in on a steep price rally, while a recent import duty hike further dented waning interest in an Indian market hit by a surge in local rates.
News ID: 5152 Publish Date : 2019/07/14
How likely is a recession in the United States? Predicting a recession is difficult, but one can make some nice money with a good forecast. So let’s focus on the most important recessionary models developed by the Fed.
News ID: 5151 Publish Date : 2019/07/14
The following is an edited excerpt of Lucara Diamond (TSX: LUC; US-OTC: LUCRF) president and CEO Eira Thomas interviewed by Dean MacPherson, head of business development for global mining at TMX Group, at The Northern Miner’s Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019.
News ID: 5091 Publish Date : 2019/07/09
I hope to reflect on some of the themes that perhaps other companies would look on and say, “That’s something that we should be considering.” Investors will look on and say, “That’s something that we need to consider as part of our investment thesis.”
News ID: 5090 Publish Date : 2019/07/09
