Recent News

Barrick clips 2018 copper production outlook, sees higher costs

July 11, 2018 / www.mining.com

TORONTO, July 11 (Reuters) - Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.Barrick, which looks likely to lose its rank as the world's biggest gold producer this year, maintained its 2018 output estimate of between 4.5 mil...Read More

The Vancouver junior shaking up the lithium mining industry

July 06, 2018 / www.mining.com

MGX Minerals President and CEO Jared LazersonDemand from electric vehicles is blowing up lithium mining.In 2015, 174,000 tonnes of lithium worth $1.2 billion were mined.While the lithium-ion battery was invented 25 years earlier, the mineral hardly made headlines and output was controlled by four large primary producers (as it is today) operating largely out of sight in the high Andes and West Au...Read More

South Africa mines minister delays finalisation of draft mining charter

July 08, 2018 / www.mining.com

South Africa's mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.Mantashe said he will ex...Read More

U.S. Probes Ties Between Glencore, Diamond Merchant Under Sanction

July 05, 2018 / www.4-traders.com

By Scott Patterson and Rebecca Davis O'Brien American authorities are probing ties between Glencore PLC and an Israeli diamond merchant, according to people familiar with the matter, embroiling the mining giant in foreign and U.S. investigators' deepening scrutiny of the gem trader. On Tuesday, London-listed Glencore said it received a subpoena from the U.S. Department of Justice, demanding reco...Read More

Goldman Says Buy Commodities as Clock Ticks Toward Trade War

July 06, 2018 / in.investing.com

(Bloomberg) -- Commodity bull Goldman Sachs Group Inc (NYSE:GS). has poured cold water on the notion that a trade war between the U.S. and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy.The Wall Street lender said the economic impact from sanctions between the U.S. a...Read More

Sibanye cuts South Africa gold output forecast after deaths

July 03, 2018 / www.mining.com

(Bloomberg) - Sibanye Gold Ltd. said gold output in South Africa will be 6 percent lower than expected this year while costs will be higher, after a series of fatal accidents disrupted operations.There have been 21 people killed at Sibanye's South African mines this year, nearly half of the total 47 reported deaths across the local industry. The company is addressing the issue with "utmost urgency...Read More

Platinum Bounces Off 14-Year Lows

July 03, 2018 / www.kitco.com

(Kitco News)- Bargain hunting is helping to support platinum pricesTuesday after the market dropped to its lowest level in 14 years.Overnight platinum futures dropped to $800 an ounce, a pricenot seen since December 2008. However, prices have modestly recovered withOctober platinum futures last trading at $844.30 an ounce, up almost 4% on the day.Platinum prices have dropped more than 18% since it...Read More

Gold Mining Bull: Top News For June 2018

July 03, 2018 / seekingalpha.com

Nevsun reports a large copper/gold resource at Timok Lower Zone.Yamana declares commercial production at Cerro Moro.Wheaton lands a cobalt stream.A look at the top news in the gold mining sector for June 2018.Here's a monthly recap of the top news in the gold mining sector, including acquisitions and takeover announcements, financial results and other relevant updates, to keep readers up-to-date o...Read More

Quebec lithium stock jumps on Korea deal

July 03, 2018 / www.mining.com

Shares in Canada's Nemaska Lithium (TSX:NMX, OTC:NMKEF) swung wildly on Tuesday after the company inked a supply deal with a South Korean battery maker that all but ties up full production from its Quebec project until after 2025.Nemaska sank more than 5% on US over the counter markets in morning trade, only to bounce higher in Toronto as US markets closed early for July 4 holidays. Near the clo...Read More

Gold firms in rebound session ahead of holiday break

July 03, 2018 / www.marketwatch.com

Gold futures finished sharply higher Tuesday, clawing back from a steady decline that had pushed the commodity early this week to its lowest finish since December, as a brawny dollar paused its advance. Industrial metals, meanwhile, remained in focus, amid trade friction and questions about China's economic expansion. Platinum prices posted a Tuesday rebound after marking their lowest settlement s...Read More

Glencore Plunges After DoJ Subpoena Seeking Foreign Corrupt Practices Act Docs - TheStreet

July 04, 2018 / www.thestreet.com

Glencore Plc  (GLNCY) shares plunged Tuesday after the world's biggest commodities trader said it had received a subpoena from the U.S. Department of Justice seeking documents related to the Foreign Corrupt Practices Act and money laundering statutes. Glenore said the DOJ subpoena, dated July 2, relates to its business in Nigeria, the Democratic Republic of Congo (DRC) and Venezuela an...Read More

Pure Gold Mining : Expands Wedge From Surface to Vertical Depth of 500 Metres

July 01, 2018 / dlvr.it

VANCOUVER, British Columbia, June18, 2018 -- Pure Gold Mining Inc. is pleased to report that surface drilling at the Madsen Gold Projectcontinues to establish the Wedge area as an important... | juin 18,2018Read full newsRead More

Richest man in Mexico partners with Goldcorp

July 01, 2018 / www.mining.com

Carlos Slim, who is known as the richest man in Mexico, teamed up with Canada's Goldcorp (TSX:G) (NYSE:GG) by sealing a deal between his Minera Frisco and Goldcorp's subsidiary Minera Pe??asquito. The deal involves exploring and evaluating possible mining operations in Mexico's Mazapil Valley, which is in the central Zacatecas state near the Canadian miner's flagship Pe??asquito mine. In a press r...Read More

Oil and mining sector continue to grow in Peru

July 01, 2018 / www.mining.com

Peru's National Institute of Statistics and Informatics released a preliminary report stating that in May 2018 and for the third month in a row, the mining and oil sectors continued to grow.According to Reuters, both sectors showed a 1.86 per cent interannual growth which was driven by increased production of oil, natural gas, zinc and tin.In detail, the oil sector showed an interannual growth of...Read More

Yamana kicks off production at Argentina's gold-silver mine

June 26, 2018 / www.mining.com

Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said Tuesday it has produced first gold and silver at its Cerro Moro mine, located in Argentina's Santa Cruz province.The Toronto-based miner, which began construction at Cerro Moro in 2015 and poured first dor?(C) last month, expects to finish building the mine this year.The company expects most of Cerro Moro's 2018 production in the second half o...Read More

Australia's Fortescue Metals appeals to regulator on Rinehart-Atlas Iron bid

June 26, 2018 / www.mining.com

June 26 (Reuters) - The Australian Government Takeover Panel said on Tuesday it received an application from a unit of iron ore miner Fortescue Metals Group regarding an offer by a Hancock Prospecting Pty unit for Atlas Iron Ltd.NCZ Investments Pty, a Fortescue unit, seeks interim orders to restrain Gina Rinehart controlled-Redstone Corp Pty from dispatching its bidder's statement, the panel said....Read More

'Nothing Fun' In Store For Gold; $1,300 Out Of Reach Until Next Year - Analysts

June 26, 2018 / www.kitco.com

(Kitco News) - With gold back to trading near six-month lows and prices struggling to catch a break during the past few weeks, analysts are saying that gold is failing to attract safe-haven interest due to a surging U.S. dollar.Even though there is a clear threat of a trade war on the horizon, markets are not fleeing to safety, which is why gold prices are not reacting, analysts told Kitco News.Au...Read More

It is a One, Two Punch for Gold

June 26, 2018 / www.kitco.com

Gold futures continues to trade under pressure, and as of 3:15 PM Eastern standard time is currently trading down $8.50 at $1,260.40. Today's lower pricing is a combination, a one-two punch, of sellers and strong U.S. dollar. The dollar is currently up 43 points (+0.47%) at 94.385. After testing and unsuccessfully trading above the current resistance at 95, the dollar traded under pressure for the...Read More

Gold Prices Hit 6-Month Low as Dollar Strengthens, Trade Worries Fail to Support

June 27, 2018 / in.investing.com

Investing.com - Gold prices headed lower for a second consecutive session in early morning trade on Tuesday, hitting a six-month low, as the dollar moved higher and fears of escalating trade tensions did little to support the safe haven precious metal.At 6:11AM ET (10:11GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell $10.00, or 0.8%, to $1,258....Read More

COLUMN-Copper sinks on the wrong sort of supply disruption: Andy Home

June 27, 2018 / in.investing.com

(The opinions expressed here are those of the author, a columnist for Reuters.)* Chilean copper production: https://tmsnrt.rs/2KnTcZ7By Andy HomeLONDON, June 26 (Reuters) - Copper has fallen almost nine percent in price over the last couple of weeks.In London three-month copper CMCU3 was this morning struggling to hold the $6,700 level, a chart area last breached in early April.Copper has been cau...Read More

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