Mining.com

By Michael Allan McCrae Osisko Mining (TSX: OSK) will acquire all remaining shares of the Canadian exploration company, Beaufield Resources (TSX-V: BFD). Osisko, which announced the purchase plan yesterday, says Beaufield shareholders will receive 0.0482 of a common share of Osisko in exchange for each Beaufield share held. Osisko says the price is a premium […]

By Bloomberg News (Bloomberg) — First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Gold futures volumes have surged on the Borsa Istanbul as the volatile currency attracts speculation and after the lira’s plunge

By Reuters The Perth Mint, Australia’s largest precious metals refinery, depository and mint, on Wednesday announced a new gold-backed exchange-traded fund (ETF) with a low-price management fee, entering the field of lower-cost competitors on the New York Stock Exchange. The new fund, which will trade under the ticker symbol AAAU, will charge a fee of

By Cecilia Jamasmie South African miner Gold Fields (NYSE, JSE:GFI) planned job cuts at its massive, but struggling South Deep mine is really the company’s “last-gasp measure”, Chief Executive Officer Nick Holland said on Wednesday. The Johannesburg-based firm revealed Tuesday its intention to axe about 1,560 jobs between employees and contractors to reduce activity and

By The Daily Gold – Jordan Roy-Byrne In recent days Gold has been more oversold than the gold stocks. Entering this week, the gold stocks were fresh off a major technical breakdown. An upside or downside break can lead to a market stretching beyond what typically qualifies as overbought or oversold. After Monday’s selloff, the

By Bloomberg News (Bloomberg) — Billionaire hedge-fund manager Ray Dalio maintained his holdings in the two biggest gold-backed ETFs even as an investor exodus sent prices of the metal tumbling. As of June 30, Dalio’s Bridgewater Associates maintained its 3.9 million shares in SPDR Gold Shares, the largest exchange-traded funds backed by bullion, and 11.3

By Reuters JOHANNESBURG, Aug 14 (Reuters) – South Africa mines minister said on Tuesday he was concerned by bullion miner Gold Fields’ plan to cut around 1,100 jobs without due regard to processes outlined in the Mineral and Petroleum Resources Development Act. Mineral Resources Minister Gwede Mantashe said some companies were not meaningfully engaging with

By Cecilia Jamasmie Canadian gold exploration and development company Columbus Gold (TSX:CGT) plans to buy up to a 70% interest in IAMGOLD’s (TSX:IMG) the Maripa project, located in French Guiana. The project is made up of five contiguous exploration permits and has a historic gold production of around 40,000 ounces of gold, mined between 1985

By Cecilia Jamasmie South African miner Gold Fields (NYSE, JSE:GFI) plans to cut about 1,560 employees and contractors at its massive South Deep mine, as it tries to save the struggling operation, which has the potential to produce for the next 70 years. South Deep, Gold Field’s only mine left in South Africa, was built

By Frik Els Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) clawed back some of its earlier losses in after hours trade on Monday after the company and its JV partner NovaGold Resources’ (TSX, NYSE-MKT: NG) announced final federal permits for its massive Donlin project. Barrick said the US Army Corps of Engineers and Bureau of Land