Mining.com

By Bloomberg News (Bloomberg) — Gold is stuck in no man’s land as the market counts down to the Federal Reserve’s policy outlook. Prices continue to tread water, hugging close to the $1,200-an-ounce level that’s been the norm since late August. Investors are awaiting another rate increase from the U.S. central bank on Wednesday and […]

By Bloomberg News (Bloomberg) — AngloGold Ashanti Ltd.’s new CEO, Kelvin Dushnisky, said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on Sept. 1 as the Johannesburg-based miner considers its

By Bloomberg News Newmont Mining Corp. Chief Executive Officer Gary Goldberg squashed speculation that Barrick Gold Corp.’s offer for Randgold Resources Ltd. would tempt Newmont to make its own play. When asked about the speculation that’s been raised since the Barrick-Randgold merger was announced on Monday, Goldberg referenced past attempts at possible Newmont-Barrick tie-ups and

By MINING.com Editor Australia’s Blackham Resources (ASX: BLK) today announced it has finalized a $23 million funding deal with New York- based fund manager, Lind Partners. The deal follows the the decision to restart open pit mining at Blackham’s historic Wiluna hub. The Wiluna mining centre is located northeast of Perth. Over 4 million ounces

By Vladimir Basov The strength of equity markets is a barometer of investor confidence. The amount of capital raised through equity placement directly reflects the sentiment in the mining industry. Although 2018 is not over yet, it is a good time to take a sneak peek at the current trends in mining equity capital raisings.

By BGC Engineering Inc BGC Engineering Inc. (BGC) and Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) recently used BGC’s Ada Platform (“Ada”) to provide residents with a 3D view of remediation work underway at the now closed Giant Mine near Yellowknife, Northwest Territories. Ada is a mixed reality software platform that allows stakeholders to view

By Cecilia Jamasmie Diversified miner Anglo American (LON:AAL) has become the latest major miner to set foot in Ecuador by entering into an earn-in joint venture (JV) agreement with Canadian precious and base metals firm Luminex Resources (TSX-V: LR) which spun out of Lumina Gold (TSX-V: LUM) in August. The deal gives Anglo the right

By MINING.com Editor Great Panther Silver (NYSE: GPL) acquired Brazilian gold miner Beadell Resource in an all-share deal for $105 million. The combined entity will have three producing mines in three mining jurisdictions, and an advanced stage project. Great Panther, which expects to produce 4 million silver-equivalent ounces of production in 2018, will add 130,000

By Hill & Knowlton Alkane’s Board has approved the development of the underground mining operations at its Tomingley Gold Operations. Highlights of the development plan approved by the Board include: 93,000 ounces of gold recovered over a 40-month development at cash costs estimated to be A$1,100 – $1,200 per ounce. Ground support work for the

By Bloomberg News Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch. Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal