Mining.com

By Michael Allan McCrae Canadian-based mining company, SEMAFO, says one employee and one sub-contractor lost their lives after armed bandits shot at a bus transporting employees to the Mana Mine in Burkina Faso. SEMAFO said the bandits were fired at by policemen. The bus was transporting employees from the town of Bobo-Dioulasso. SEMAFO says operations […]

By Adam Hamilton – Zeal Intelligence The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run. That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector. With fear and despair extreme, it’s critical to take a deep breath and get grounded in

By Reuters ANKARA, Aug 17 (Reuters) – The Turkish central bank will allow gold for foreign exchange and location swap deals in order to provide physical gold transactions at its Istanbul and Ankara branches, a document sent by central bank to Turkish banks said. The central bank will use the spot gold price in international

By Reuters MUMBAI/BENGALURU, Aug 17 (Reuters) – Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months, with lower prices attracting fresh buying and driving premiums higher in other major Asian hubs as well. Dealers in India, the second biggest gold consumer

By Cecilia Jamasmie The main union at Chile’s Caserones copper mine, majority-owned by Japan’s JX Nippon Mining and Mitsui Mining, has accepted an adjusted contractual offer from management, which marks the end of the negotiation process and removes the threat of a strike. “We have reached an agreement on the drafting of the collective contract,

By Michael Allan McCrae Minera Alamos announced a preliminary economic assessment for its La Fortuna gold project with an after-tax internal rate of return of 93%. The company (CVE:MAI) traded up 14% to 12 cents a share. La Fortuna project, which includes a historic mine site within the concession, is located 100 km northeast of

By Reuters JOHANNESBURG, Aug 16 (Reuters) – Gold Fields’ chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company’s plan to cut jobs at its struggling South African mine on “poor management”. Gold Fields, which posted its interim results on Thursday, said this week

By Cecilia Jamasmie The US administration is not waiting to hear the results of ongoing legal challenges to President Donald Trump’s order to scale back two nationals monuments, as it’s moving forward with plans to allow mining and oil extraction in the newly-opened areas. Land that once belonged to the Bears Ears and Grand Staircase-Escalante

By Frik Els Mining and metals investors dumped the sector’s big names on Wednesday after sharp drops in base and precious metal prices over concerns of emerging market contagion from the currency crisis in Turkey, worries about the robustness of the Chinese economy and the impact of widening trade war sparked by US tariffs. Copper

By Frank Holmes – U.S. Global Investors Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to