Three British Columbia residents fined $700,000 for role in gold mining Ponzi scheme
Mining News Pro - The BC Securities Commission (BCSC) has handed out C$956,000 (about $700,000) in penalties to three local residents for their involvement in what it calls “an elaborate fraud” that promised investors large returns on non-existent gold mining operations in Africa and Brazil.
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Visit: 16
Denarius resource supports restart of 230-year-old Colombian gold mine
Mining News Pro - Denarius Metals’ (TSXV: DSLV) first resource estimate for its Zancudo project to revive an 18th century gold mine in Colombia confirms its high-grade potential.
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Visit: 26
Gold price hits 1-week high on robust China economic data
Mining News Pro - Gold prices edged higher on Wednesday as strong Chinese economic data drove bets for better physical demand from the world’s top consumer, though the risk of elevated US interest rates capped bullion’s gains.
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Visit: 47
Armenia approves restart of Amulsar gold mine
Mining News Pro - The government of Armenia has inked a $250 million deal with Lydian Armenia, the company that owns the license to operate the vast Amulsar gold mine, effectively allowing the resumption of operations.
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Visit: 14
Newmont sees ‘significant’ shareholder value in buyout of gold rival Newcrest
Mining News Pro - Gold miner Newmont Corp on Thursday said it believes a buyout of Newcrest Mining Ltd would create “significant value” for shareholders and that it is in talks with its Australian rival’s board of directors about closing a deal.
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Visit: 31
Harmony Gold says profit boosted by better metal grades and prices
Mining News Pro - South Africa’s Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs.
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Harmony Gold says profit boosted by better metal grades and prices
Mining News Pro - Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs.
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Visit: 39
Agnico Eagle shares sink despite posting record gold production in 2022
Mining News Pro - Agnico Eagle Mines delivered solid operating performance in a challenging cost and workforce environment during the fourth quarter and throughout 2022, with payable gold production of nearly 800,000 ounces and 3.14 million ounces in these periods respectively, the company said on Friday.
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Visit: 34
Barrick eyes Nevada Gold Mines as Newmont ramps up deal pressure
Mining News Pro - Canada’s Barrick Gold Corp would be open to taking over Newmont’s stake in its Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday, after Newmont’s $16.9 billion bid for Newcrest ramped up pressure on gold miners to do deals.
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Visit: 34
Torex Gold to spend up to $440 million on Media Luna project
Mining News Pro - Torex Gold plans to invest between $390 million and $440 million in its flagship Media Luna gold project in Mexico this year to speed up development, with commercial production anticipated in late 2024.
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Visit: 37
Torex Gold to spend up to $440 million on Media Luna project
Mining News Pro - Torex Gold (TSX: TXG) plans to invest between $390 million and $440 million in its flagship Media Luna gold project in Mexico this year to speed up development, with commercial production anticipated in late 2024.
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Visit: 39
Mammoth gold miner in the making after Newmont’s $17bn bid for Newcrest
Mining News Pro - Newmont Mining, the world’s largest gold producer, is seeking to build a global gold superpower by approaching Australia’s no.1 miner of the yellow metal, Newcrest Mining (ASX, TSX: NCM), with a $17 billion takeover offer.
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British Columbia First Nations forge partnership to participate in Seabridge Gold’s KSM project
Mining News Pro - British Columbia’s Tahltan Nation and Nisg̱a’a Nation announced Thursday that they have joined together in a new partnership that brings new life to a historic and centuries-old Peace Treaty, through the Treaty Creek Limited Partnership.
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Visit: 93
Newcrest quarterly gold output misses estimates after fatality
Mining News Pro - Australia’s Newcrest Mining said on Wednesday gold production fell 2.8% in the second quarter from the first, missing analyst expectations, after operations were suspended at its Brucejack operations in Canada following a fatality.
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B2Gold meets production guidance for seventh year running
Mining News Pro - B2Gold (TSX: BTO) produced 1.03 million oz. gold last year with 367,870 oz. or about 36% of the total coming from the fourth quarter.
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Visit: 93
New Found Gold discovers high-grade zone at Queensway in Newfoundland
Mining News Pro - New Found Gold says it has discovered a new zone and vein extending mineralization south of the Keats deposit at its Queensway project in central Newfoundland.
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Visit: 43
Barrick misses gold guidance as output sinks to 22-year low
Mining News Pro - Barrick Gold Corp.’s bullion output slid last year to its lowest level since 2000, missing analysts’ expectations and its own target as operational woes curbed production.
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Visit: 69
Gold price eases from 8-month peak as investors await inflation data
Mining News Pro - Gold halted its latest rally on Wednesday as investors positioned themselves ahead of new US inflation data that could hint at the Federal Reserve’s policy path, with expectations mounting that slower rate hikes are on the horizon.
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Visit: 68
Dynasty Gold shares hit new high on best assays to date from Thundercloud property
Mining News Pro - Dynasty Gold has released assay results from its Phase 1 2022 drill campaign at the Thundercloud property located 47 km southeast of Dryden, Ontario. These results are the best ever reported from the project, the company says, constituting the discovery of wide zones and high-grade gold-bearing quartz veins that require further delineation.
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Visit: 86
Lundin Gold stock rises as it beats production guidance for second straight year
Mining News Pro - Lundin Gold, which owns and operates one of the world’s highest grade gold mines in southeast Ecuador, has exceeded its production guidance for the second year in the row.
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Visit: 90
Gold price retreats as new US employment data sends hawkish signal
Mining News Pro - Gold prices slipped by more than 1% on Thursday, putting an end to its New Year rally, as the latest release of US labour market data boosted expectations of higher interest rates for longer.
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Visit: 62
Royal Gold bolsters royalty position at Nevada’s Cortez complex with $204m deal
Mining News Pro - Royal Gold has further consolidated its royalty position at the Cortez gold complex in Nevada, which has been operating since 1969 and produced approximately 27 million ounces of gold to date.
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Visit: 82
Two B2Gold employees dead after robbery in Mali
Mining News Pro - B2Gold Corp. issued a statement lamenting the passing of two employees following a robbery in Mali.
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Visit: 135
Ximen receives draft environment permit for Kenville gold mine in BC
Mining News Pro - In a further update to the underground development of its Kenville gold mine, Ximen Mining (TSXV: XIM) has now obtained the first draft of the two permits expected. Last Friday, the BC-focused precious metals miner received the draft environment permit for review, and had an initial look at the terms and conditions.
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Visit: 73
Maduro exhorts Venezuelan army to combat environmental destruction caused by illegal gold mining
Mining News Pro - Venezuela’s head of state Nicolás Maduro publicly asked the Operational Strategic Commander of the Bolivarian National Armed Forces (Fanb) to ramp up efforts against illegal gold mining in the southeastern Amazonas and Bolívar states.
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Visit: 75