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

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

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 go...Read More

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

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

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

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

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

How Chinese investment and pull increasingly drive our mining sectorRead full newsRead More

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

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

The president of Peru's National Society of Mining, Petroleum, and Energy, Pablo de la Flor, issued a statement today saying that Anglo American (LON:AAL) and Mitsubishi's joint venture to develop the Quelleveco project marks a new era for the country's mining industry.According to de la Flor, the project located in the southern Moquegua region will create 9,000 jobs during its construction phase...Read More

Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) increased its full-year production guidance to 330,000-340,000 ounces of gold at $580-$630 per ounce from the previous 290,000-330,000 ounces of gold predicted for 2018.In a press release, the Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey, which saw increased production due to improved le...Read More

Yamana Gold Inc. (TSX: YRI; NYSE: AUY) late Thursday reported that the company was profitable in the second quarter, with gold production so far this year on track to exceed 2018 guidance.Net earnings were put at $18 million, or 2 cents per share, a turnaround from a net loss of $39.9 million, or 4 cents, in the second quarter of 2017. Excluding special items, the company’s income would be a...Read More

The Pilbara Gold Rush in Western Australia kicked off in July 2017 with Artemis Resources (ASX:ARV) and Canadian joint venture partner Novo Resources' (TSXV:NVO) discovery of near-surface conglomerate-hosted gold nuggets over impressive strike lengths at Purdy's Reward.Read full newsRead More

Mr. Brian Groves reportsGENESIS DEVELOPS A NEW GEOLOGICAL MODEL FOR THE CHEVRIER GOLD PROJECTGenesis Metals Corp. has provided an update on the results of modelling of gold mineralization within the Main zone at the Chevrier gold project near Chibougamau, Que.It is the first time after the drilling of 213 drill holes over 29 years that a comprehensive and robust geological model has been developed...Read More

(Kitco News) - Coeur Mining, Inc. (NYSE: CDE) reversed to a profit in the second quarter on higher output, the company announced Wednesday.Net income came in at $2.9 million, or 2 cents per share, compared to a loss of $10 million, or 6 cents, in the second quarter of 2017. Adjusted net income from April through June was $1.1 million, or a penny per share, a turnaround from an adjusted loss of $1....Read More

Barrick reported a net loss of US$94 million or 8 cents per share, and adjusted net earnings of $81 million or seven cents per share for the second quarter of 2018.Barrick (NYSE:ABX) traded down -1.18% to US$11.68 as of 5:42 p.m. EDT.Barrick said earnings and cash flow impacted by planned maintenance activities at Barrick Nevada and Pueblo Viejo. The company says it remains on track to meet full-...Read More

- South African gold production collapsed again in May - down 16%- South Africa production has collapsed 85% from 1,000 tonnes in 1970 to 145 tonnes- Long term, ongoing collapse appears to have deepened- Gold price suppression has destroyed gold mining in South Africa and rest of Africa, impacted African economies, jobs and people- 'Peak gold' or 'plateau gold' production is coming as...Read More

Newmont Mining Corp. (NYSE: NEM) is maintaining a quarterlydividend of 14 cents per share. While this is the same as the dividend paidafter the first quarter, the company notes that it is 87% higher year-on-year.The dividend will be payable on Sept. 27 to shareholders of record at the closeof business on Sept. 13. By Allen Sykoraof Kitco News; asykora@kitco.com RoxgoldResources: 2Q Gold Outpu...Read More