Category: Gold

The gold rally that’s bullish only on the surface

The French Revolution of 1849 gave us this saying: the more things change, the more they stay the same. Let’s look at its usefulness for current situation in gold. In Friday’s Alert, we wrote that the turn of the month...

/ June 4, 2019

Barrick meets new PNG leader about Porgera mine lease extension

Barrick Gold (TSX:ABX) (NYSE:GOLD) president and CEO Mark Bristow, along with the executive director of JV partner Zijin Mining Group, today met with Papua New Guinea’s new prime minister James Marapa about extending the current special mining lease on the...

/ June 4, 2019

Peru’s Buenaventura threatened with general strike

Community leaders from the district of Chilcaymarca in the southwestern Castilla province are threatening Peru’s Compañía de Minas Buenaventura (NYSE: BVN) with a general strike due to the company’s decision to fire 40 workers from its Orcopampa gold-silver operation. The...

/ June 3, 2019

CHART: Worst May for US stocks in 9 years lights fire under gold price

Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump. Gold for delivery in August, the most active...

/ June 1, 2019

Silver miners’ Q1’19 fundamentals

The silver miners’ stocks have been pummeled in recent months, plunging near major secular lows in late May.  Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold.  This has forced traditional silver miners...

/ June 1, 2019

Canada’s Desert Gold renews permit for Malian gold project

Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project, located in southern Mali. In a press release, Desert explained that the permit renewal is for an...

/ May 31, 2019

AngloGold maintains 100% earn-in option on Silicon project in Nevada

AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada. AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one...

/ May 31, 2019

Fiore to start $2-million drill program at Gold Rock project

Frank Giustra-backed Fiore Gold (TSXV: F) will invest $2 million on metallurgical test work and resource expansion drilling at its Gold Rock project in Nevada. In a press release, Fiore said that the work is aimed at supporting a Preliminary...

/ May 31, 2019

M&A activity surges 200% in BC against backdrop of Newmont Goldcorp deal

What happened: Value of M&A activity skyrocketed in B.C. during the first quarter of 2019 Why it matters: The jump was driven primarily by the $17.4-billion acquisition of Goldcorp Inc. A first-quarter surge in B.C.-based mergers and acquisitions (M&A) activity...

/ May 30, 2019

Mexico's Zacatecas state offers to mediate Newmont Goldcorp mine dispute

Authorities from Mexico’s Zacatecas state hope to mediate an agreement to end a two-month blockade at the Penasquito gold mine between mining firm Newmont Goldcorp Corp and villagers in San Juan de Cedros. The dispute at Penasquito, Mexico’s largest gold...

/ May 29, 2019

Tanzania says Acacia Mining won't be allowed any role in country

Tanzania will no longer allow Acacia Mining Plc to manage its mines in the country and will only work with the company’s parent, Barrick Gold Corp., to resolve the two-year impasse that has stymied operations, a government spokesman said. “We...

/ May 29, 2019

Russian scientists working on technology for extracting non-ferrous and noble metals

Researchers at Russia’s Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores. In such ores, valuable components like gold and platinum group metals may be present as...

/ May 28, 2019