"In South Deep, we have probably one of two remaining world large ore bodies in the gold industry that are actually discovered and delineated," CEO, Nick Holland said in an interview. The company has a new target of mining 500,000 ounces of gold a year at South Deep by 2022.Read full newsRead More
Aug 2 (Reuters) - The new chief executive of Tahoe Resources Inc said on Thursday that his top priority is ending a long-running dispute in Guatemala that has stopped all of the mining company's silver production.Jim Voorhees, who became CEO of the Reno, Nevada-based company in June, said he has deployed new staff to the Latin American nation to help resolve the situation, which has shuttered the...Read More
JOHANNESBURG, Aug 2 (Reuters) - South African gold producers said on Thursday they had offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week.Gold producers have argued that above-inflation wage hikes have been adding to the cost burden in the bullion industry which has been hit by...Read More
Aug 2 (Reuters) - Gold miner Centamin Plc's quarterly core earnings topped market expectations as lower-than-estimated mine site costs and inventory-driven sales volumes offset a drop in production.Shares of the Egypt-focused company climbed 4 percent in morning trading on the London Stock Exchange.The rise was driven by sales volumes exceeding production and better-than-expected cash costs.Centam...Read More
Aug 2 (Reuters) - Gold miner Centamin Plc's quarterly core earnings topped market expectations as lower-than-estimated mine site costs and inventory-driven sales volumes offset a drop in production.Shares of the Egypt-focused company climbed 4 percent in morning trading on the London Stock Exchange.The rise was driven by sales volumes exceeding production and better-than-expected cash costs.Centam...Read More
(Article updated August 2, 11:00 PST)Copper declined again on Thursday dipping to $2.7075 or $5,970 a tonne on the Comex market in New York in massive volumes with contracts totalling 1.3m tonnes worth $7.8 billion changing hands by lunchtime. Copper is now down more than 18% or $1,380 a tonne since hitting four-year highs early June.Fears over the impact of a US trade war with China, responsible...Read More
Gold fell to its lowest level in 18 months on Thursday as first half year demand sinks to its weakest in almost a decade on the back of waning investor demand.December futures trading in New York dipped to $1,221.50 a troy ounce, the lowest since February last year and now down 5% in 2018. July was the fourth straight month of declines in the gold price, the metal's longest losing streak since 201...Read More
(Corrects fourth paragraph to show total new daily capacity is intended to rise to 30,000 tonnes per day rather than add 30,000 tonnes per day)Read full newsRead More
The mine is one of Ghana's newest gold operations and it is located in the country's Ashanti Region.Read full newsRead More
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.Read full newsRead More
Superior Gold Inc announced that additional results from the ongoing underground diamond drill program at its 100%-owned Plutonic Gold mine in Western Australia.Read full newsRead More
ASANKO Gold said it was debt free after concluding a joint venture agreement with Gold Fields in which it will be paid $165m in upfront cash with the balance of $20m to be paid no later than December 31, 2019. In terms of the joint venture, unveiled by Gold Fields on March 29, Asanko GoldRead full newsRead More
"In South Deep, we have probably one of two remaining world large ore bodies in the gold industry that are actually discovered and delineated," CEO, Nick Holland said in an interview. The company has a new target of mining 500,000 ounces of gold a year at South Deep by 2022.Read full newsRead More
Mr. Peter Tallman reportsKLONDIKE GOLD NUGGET ZONE ASSAYS 1.55 G/T AU OVER 45.2 METRESKlondike Gold Corp. has provided assays from core resampling of four holes as part of a significant re-evaluation of the Nugget zone and Nugget fault area at the company's wholly owned Klondike district property, Yukon territory.In 2015, the drill core was selectively sampled for quartz veining which left the maj...Read More
"In South Deep, we have probably one of two remaining world large ore bodies in the gold industry that are actually discovered and delineated," CEO, Nick Holland said in an interview. The company has a new target of mining 500,000 ounces of gold a year at South Deep by 2022.Read full newsRead More
"In South Deep, we have probably one of two remaining world large ore bodies in the gold industry that are actually discovered and delineated," CEO, Nick Holland said in an interview. The company has a new target of mining 500,000 ounces of gold a year at South Deep by 2022.Read full newsRead More
Mr. Ralph Shearing reportsTELSON MINING CORPORATION HAS A 9.3% INCREASE IN MILL THROUGHPUT PRODUCTION AT CAMPO MORADO IN Q2, 2018Telson Mining Corp. has provided the following update for activities at its 100-per-cent-owned Campo Morado mine. Total mill throughput in Q2 of 162,500 tonnes, a 9.3-per-cent increase from Q1;11,900 dry metric tonnes of zinc concentrate in Q2, 45.1-per-cent increase fro...Read More
Mr. Michael Allen reportsCOEUR MINING TO ACQUIRE NORTHERN EMPIRE RESOURCESCoeur Mining Inc. and Northern Empire Resources Corp. have entered into a definitive agreement pursuant to which Coeur has agreed to acquire, by way of a plan of arrangement, all of the issued and outstanding securities of Northern Empire not currently owned by Coeur.Northern Empire's principal asset is the Sterling gold pro...Read More
"In contrast to recent price weakness, #nickel inventories continue to decline, down 30% YTD per Sherritt https://t.co/DQH4kxMbQ1"Read full newsRead More
For the first time in 55 months, the auto industry cut back spending on incentives. The result was a plunge in auto sales.Read full newsRead More