By Reuters (Bloomberg Opinion) — Gold miners have been struggling for decades against geological destiny. The grade of metal in the world’s gold reserves has been declining for years, from average levels above 10 grams a metric ton in the late 1960s to almost one tenth of that now. That’s a worrying metric, because few […]
Barrick needs Randgold to make the grade Read More »
By Bloomberg News For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold Corp. Now he’s its closest partner. The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4 billion deal to buy out Randgold Resources Ltd.
Barrick silences its biggest critic by buying out Randgold Read More »
By Cecilia Jamasmie Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s largest bullion producing by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS) in a $18.3 billion share deal. The new Barrick, valued at $24 billion including debt, would be now the world’s top gold miner by value
Barrick to buy Randgold for $18.3B forming giant global gold miner Read More »
By Valentina Ruiz Leotaud Grievances against Goldcorp’s (TSX:G) (NYSE:GG) Peñasquito gold mine in Mexico have decreased by almost 66 per cent in 2018, said Nelson Núñez, Sustainability & Compliance Manager for Minera Peñasquito, the Canadian miner’s subsidiary in the Latin American country. Interviewed by MINING.com, Núñez revealed the strategy behind such accomplishment in an area
How Goldcorp managed to decrease complaints about its flagship mine in Mexico Read More »
By Valentina Ruiz Leotaud Forum Energy Metals (TSXV: FMC) is expanding its portfolio. From focusing on copper and uranium in Saskatchewan, the Vancouver-based miner now wants to work on extracting a wider array of products, from precious metals to minerals aimed at supplying the EV market. This week, Forum announced that it has executed a
From uranium to cobalt: A Canadian’s miner strategy to diversify Read More »
By Valentina Ruiz Leotaud Anglo-Australian company Apollo Minerals broke the silence regarding a project it is planning to advance in Spain and to talked to local media about its short-term plans. In the wake of some criticism expressed by people in the town of Isìl i Alòs, Apollo sent a communiqué to La Vanguardia newspaper
Anglo-Australian miner wants to explore the Pyrenees Read More »
By Bloomberg News (Bloomberg) — Investors stung by the sell-off in gold are going to need more than cheap equities and stabilizing bullion prices to wade back into mining-company stocks. Bullion has slipped 7.9 percent this year as a stronger dollar and expanding global economy diminished demand for the metal as a haven. Miners have
Once-bitten investors stay wary as gold-mining stocks get cheap Read More »
By Reuters New mining claims should be banned for 20 years on more than 30,000 acres north of Yellowstone National Park to preserve scenery, wildlife habitat, waterways and outdoor recreation that fuels tourism in nearby Montana towns, the U.S. Forest Service said Friday. The recommendation to withdraw 30,370 acres of the Custer Gallatin National Forest
U.S. backs protecting Yellowstone’s northern gateway from mining Read More »
By Frik Els Pumpkin Hollow goes into production next year, but the underground mine is only the first phase of a planned Nevada copper operation four times the size Sun shines on Pumpkin Hollow underground project set for production in a year. For Yerington it’s been 40 years in the making. The waste dumps left
Nevada Copper building first US copper mine in a decade Read More »
By Zeal LLC Investors have pulled much capital out of gold in recent months in a major mass exodus. Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling. The latest record stock-market highs also suppressed the perceived need for diversifying portfolios with gold. But this heavy investment gold
Gold exodus to reverse Read More »
