Category: Gold

Camino Minerals allowed to expand drilling in southern Peru

The Peruvian Ministry of Energy and Mines approved a permit related to Camino Minerals’ (TSXV: COR) environmental impact assessment for the Chapitos copper-gold project. The permit allows for the expansion of drilling activities along the Diva Trend at Chapitos. Drilling...

/ June 11, 2019

Bonus schemes play a role in tailings dams failures – research

A paper published in the journal Resources Policy states that bonus schemes for middle management employees in mining companies play a role in tailings dams failures. According to the research article, such compensation packages actively encourage managers to cut costs...

/ June 10, 2019

Gold giants battling to lure back investors who fled industry

What’s better than GOLD? In the wake of two mega-mergers that have reset the gold industry, one small detail has delighted Mark Bristow, Barrick Gold Corp.’s chief executive officer: His company’s ability to secure the rights to trade its stock...

/ June 10, 2019

Gold-backed ETFs dropped in May — report

In a recent report, the World Gold Council revealed that holdings in global gold-backed exchange-traded funds (ETFs) fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows, as consistent European fund growth was offset by...

/ June 9, 2019

US tariffs will send Mexico gold, silver abroad for processing

Donald Trump’s tariffs targeting Mexico risks backfiring on the U.S., at least in the global metals market. Miners of Mexican precious metals are unlikely to be hit significantly if Trump imposes levies on goods from its neighbor, which is the...

/ June 8, 2019

Gold Surges Near Breakout

Gold surged sharply over this past week or so, nearing a major bull-market breakout!  Nearly everyone was surprised by this violent awakening, which erupted suddenly as gold languished around year-to-date lows.  If this dramatic rally has staying power, gold has...

/ June 8, 2019

Solgold stock sinks again on mooted Ecuador mining referendum

Solgold’s (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner’s 85% owned Cascabel project and other wholly owned exploration projects...

/ June 7, 2019

A new theme has emerged in the gold M&A market — report

Momentum is building for M&A across the gold industry driven by the market, balance sheets, and shareholders, a new report, An Activist Gold Rush? by Kingsdale Advisors released Thursday finds.  Behemoths Barrick (NYSE: GOLD, TSX: ABX) and Newmont (NYSE: NEM, TSX: NGT) have grabbed...

/ June 7, 2019

Papua New Guinea PM says resources reforms will take years

New Papua New Guinea Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country’s natural resources sector on Wednesday, but said major reform would not take effect for years. That will come as...

/ June 6, 2019

Pretium drills deep, begins regional exploration program

Vancouver-based Pretium Resources reports that its 2019 deep underground drill program confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings. The mine is located about 65 km north of Stewart,...

/ June 6, 2019

Venezuela is said to default on gold swap with Deutsche Bank

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank AG, prompting the lender to take control of the precious metal which was used as collateral and close out the contract, according to two people...

/ June 5, 2019

Argentina rejects Barrick's challenge to glacier protection

The verdict is in, and it does not look good for miners in Argentina.   In a unanimous decision on Tuesday, Argentina’s Supreme Court rejected a challenge to an environmental law banning mining in glacial areas that was brought by Barrick Gold. The Canadian miner had attempted to subvert Argentina’s controversial Glacier Protection Law prohibiting mining in glacier and...

/ June 5, 2019