Adriatic Metals gears up for Bosnia-Herzegovina mine opening
Mining News Pro - A former silver mine in Bosnia and Herzegovina that sat abandoned through the years of civil strife that hit the region from the early 1990s is almost ready to resume operations.
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Visit: 40
US imposes sanctions on some of Russia’s biggest gold miners
Mining News Pro - The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.
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Visit: 39
Debt ceiling negotiations have investors eyeing gold if US defaults
Mining News Pro - The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge in the book: gold.
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Visit: 46
Silver Lake submits revised bid for St Barbara’s Leonara assets
Mining News Pro - Silver Lake Resources Ltd made a revised offer on Thursday to buy St Barbara Ltd’s Leonara assets in Western Australia for A$707 million ($479.56 million), allowing the latter to secure a 7.5% stake in the gold miner.
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Visit: 43
Ramelius acquires majority stake in Breaker
Mining News Pro - Gold producer Ramelius Resources has purchased a controlling stake in Breaker Resources, another Australian gold producer.
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Visit: 30
Deadly Peru mine is partner in Switzerland’s efforts to clean up gold supply
Mining News Pro - A gold mine in Peru where 27 workers died in a fire over the weekend is a partner of Swiss institutions in their effort to ensure responsible sourcing from informal miners in the Andean country.
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Visit: 33
China’s gold splurge reaches sixth month as reserves rise again
Mining News Pro - China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.
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Visit: 38
Bolivian senate approves general terms of bill to monetize gold
Mining News Pro - Bolivia’s Senate approved Thursday in general terms a central bank bill that would allow the country to monetize its gold reserves, a key step to ease a dollar shortage and tame a growing financial crisis.
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Visit: 31
Marathon Gold on schedule to begin production in Q1 2025
Mining News Pro - Marathon Gold is well on track to begin production at its 100%-owned Valentine gold project located in central Newfoundland by the first quarter of 2025. The company began early works on the property last October, followed by major construction mobilization in January.
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Visit: 64
St Barbara backs Genesis’ offer for Leonara assets over Silver Lake bid
Mining News Pro - Australian gold miner St Barbara Ltd on Thursday said it will back a A$600 million ($400 million) offer for its Leonara assets from Genesis Minerals Ltd, despite a higher proposal from Silver Lake Resources Ltd SLR.AX.
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Visit: 47
Newmont’s quarterly profit beats estimates on higher prices
Mining News Pro - Newmont Corp posted first-quarter profit on Thursday that beat Wall Street expectations, as the world’s largest gold miner benefited from higher prices of the metal.
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Visit: 64
Newcrest’s gold production misses analysts’ estimate
Mining News Pro - Takeover target Newcrest Mining on Thursday reported lower third-quarter gold output after facing production difficulties at its Cadia project in Australia, missing a consensus forecast by nearly 10%.
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Visit: 50
Canada concerned with Mexico’s proposed mining reforms
Mining News Pro - Canada’s Trade Minister Mary Ng expressed concern with Mexico’s proposed mining reforms in a call with Mexican Economy Minister Raquel Buenrostro on Tuesday, the trade ministry said in a statement on Wednesday.
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Visit: 40
Zimbabwe’s digital currency plan needs $100 million of gold
Mining News Pro - Zimbabwe needs $100 million of gold to kick-start its proposed bullion-backed digital currency, as the southern African nation makes another attempt to stabilize its floundering dollar.
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Visit: 38
Zimbabwe to introduce gold-backed digital currency
Mining News Pro - Zimbabwe will soon introduce a gold-backed digital currency meant to stabilize the local unit from its continued depreciation against the dollar, state-run Sunday Mail reported, citing central bank governor John Mangudya.
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Visit: 60
Ximen receives final permit for Kenville gold mine in British Columbia
Mining News Pro - Ximen Mining has been granted the final permit required to proceed with its Kenville gold project, home to one of the first underground gold mines in British Columbia’s history.
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Visit: 63
Record demand pushes silver into new era of deficits, Silver Institute says
Mining News Pro - Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said on Wednesday, predicting more shortages in the years to come.
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Visit: 47
B2Gold begins phased closure of Namibia mine
Mining News Pro - B2Gold said on Tuesday it had begun the phased closure of its Otjikoto gold mine in Namibia, once the country’s largest producer of the precious metal.
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Visit: 54
Sabina shareholders back takeover by B2Gold
Mining News Pro - Sabina Gold & Silver’s shareholders have approved an almost C$1.2 billion ($900m) takeover offer by fellow Canadian miner B2Gold, which is expected to boost mining in Nunavut.
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Visit: 53
Gold price closing in on record high as Fed issues recession warning
Mining News Pro - Gold set a new one-year high on Thursday as more weak US economic readings bolstered bets for a pause in interest rate hikes, with prospects of a mild recession also sending investors scurrying for safe haven.
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Visit: 44
First Mining finds growth potential at Springpole gold project
Mining News Pro - Canada’s First Mining Gold said on Wednesday it had identified additional mineralization at its Springpole gold project in Northwestern Ontario thanks to its 2022 drilling program.
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Visit: 48
Americas Gold and Silver reports fatality at Idaho mining complex
Mining News Pro - Americas Gold and Silver Corp said on Wednesday an underground miner died at its Galena mining complex in Idaho.
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Visit: 43
Severe Australian cyclone set to dump rain on big gold mine
Mining News Pro - Newcrest Mining Ltd.’s Telfer gold mine is expected to get a deluge of heavy rain later this week after the biggest cyclone to hit the Western Australian coast in almost a decade makes landfall.
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Visit: 49
Ex-JPMorgan gold traders ask for no prison time in spoofing case
Mining News Pro - JPMorgan Chase & Co.’s former precious-metals desk head and his top gold trader asked to be spared prison sentences for spoofing.
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Visit: 138
Hurdles loom for Newmont’s $19.6 billion bid for Newcrest
Mining News Pro - Newmont Corp’s A$29.4 billion ($19.6 billion) offer for Australia’s Newcrest Mining faces hurdles including winning approvals from shareholders and regulators, and the full backing of the target’s board, analysts said on Wednesday.
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Visit: 175