Mining.com

By Bloomberg News President Nicolas Maduro said Venezuela will begin to sell certificates backed by gold ingots as a savings mechanism starting next month. The certificates, backed by 1.5 grams and 2.5 grams of gold, are meant as tools for pensioners and others to save money and use as credit lines to acquire cars and […]

By Valentina Ruiz Leotaud State-owned Petróleos de Venezuela SA or PDVSA announced on Twitter that it filed an appeal requesting that a Delaware court vacate a decision made public on August 23 granting Canadian miner Crystallex the right to seize its U.S. assets. In its statement, the oil company said it had filed a petition

By Valentina Ruiz Leotaud Researchers at the Sandia National Laboratories in New Mexico engineered a platinum-gold alloy believed to be the most wear-resistant metal in the world. The metal is 100 times more durable than high-strength steel, making it the first alloy, or combination of metals, in the same class as diamond and sapphire. The

By Rick Mills As a general rule, the most successful man in life is the man who has the best information Gold prices briefly traded above $1200 on Wednesday due to the legal and political troubles facing Donald Trump following the Paul Manafort guilty verdict on Tuesday. Kitco’s Jim Wykoff reports: Wednesday saw some trader

By Cecilia Jamasmie Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country’s president, is losing its chairman. Kelvin Dushnisky, who leaves Acacia and its parent company Barrick Gold (TSX, NYSE:ABX), will become South Africa’s AngloGold Ashanti (JSE:ANG) (NYSE:AU) new boss. He will be replaced on interim basis by Rachel

By Cecilia Jamasmie Chaarat Gold Holdings (LON:CGH), the company trying to buy Centerra’s Kumtor mine in Kyrgyzstan, said Tuesday it would raise up to $100 million to help fund the acquisition of a producing polymetallic mine in Central Asia. While the Kyrgyz Republic-focused explorer and developer did not reveal what project it was pursuing, it

By Valentina Ruiz Leotaud The governor of the northern Mexican state of Zacatecas, Alejandro Tello, issued a statement welcoming the reopening of the San Martín mine after an 11-year worker strike. Operations at the zinc-copper-silver mine were halted in 2007 due to a conflict between unions. However, in February this year, in what the company

By Valentina Ruiz Leotaud For those who work at a mine site on a day-to-day basis, seeing huge mountains of organic matter aimed at future site reclamation may be a common occurrence that doesn’t provoke much thought. But for Lauchlan Fraser, those mountains represent an unexplored universe ready to be scrutinized. For a while now,

By Reuters Gold was stable near $1,200 per ounce on Monday as the dollar steadied after sliding in the previous session when U.S. Federal Reserve chairman reiterated the central bank’s intention to raise U.S. interest rates gradually. Spot gold was up 0.1 percent at $1,206.96 per ounce at 1358 GMT while U.S. gold futures were

By Bloomberg News After investors collectively placed the biggest gold short on record, traders have been waiting for the tide to turn — potentially in dramatic fashion. But the rally on Friday may not be the short squeeze the bulls had been waiting for. Bullion futures rebounded as dovish Federal Reserve comments were seen weakening