Mining.com

By Adam Hamilton – Zeal Intelligence The gold miners’ stocks have suffered a psychologically-grating year so far. They’ve remained trapped in their vexing low-consolidation trading range, disheartening and driving away the great majority of traders. But that should soon change as this deeply-out-of-favor sector enters its strong season, which begins with a powerful autumn rally […]

By Valentina Ruiz Leotaud Prospector Renaissance Gold (TSX.V:REN) announced today that it has entered into a mining sublease agreement with Newmont US which would allow for the expansion of the Ecru Project, located in Lander County, Nevada. Under the terms of the agreement, RenGold will add approximately 1120 acres of mineral rights adjacent to Ecru,

By Frik Els Shares in KAZ Minerals plunged on Thursday after the Kazakh miner said it has completed a $900 million cash and shares deal to buy the Baimskaya project in the Chukotka region of Russia from a group of investors including Chelsea soccer club owner Roman Abramovich. KAZ stock dropped 33% on New York

By Valentina Ruiz Leotaud Scientists from the Deep Carbon Observatory in the U.S. published a study this week where they report the first application to mineralogy of network theory, commonly used in the analysis of the spread of disease, terrorist cell connections, or Facebook connections. The study appeared in American Mineralogist and it shows how

By Reuters (Bloomberg) — Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals. Boosted by some of the sector’s best margins, low debt and swelling cash piles, miners in the world’s No. 2 producer are defying a wider lull in

By Reuters JOHANNESBURG, Aug 2 (Reuters) – South African gold producers said on Thursday they had offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week. Gold producers have argued that above-inflation wage hikes have been

By Reuters Aug 2 (Reuters) – Gold miner Centamin Plc’s quarterly core earnings topped market expectations as lower-than-estimated mine site costs and inventory-driven sales volumes offset a drop in production. Shares of the Egypt-focused company climbed 4 percent in morning trading on the London Stock Exchange.The rise was driven by sales volumes exceeding production and

By Frik Els Gold fell to its lowest level in 18 months on Thursday as first half year demand sinks to its weakest in almost a decade on the back of waning investor demand. December futures trading in New York dipped to $1,221.50 a troy ounce, the lowest since February last year and now down

By Reuters JOHANNESBURG, Aug 2 (Reuters) – South African platinum miner Impala Platinum will slash 13,000 jobs over the next two years, it said on Thursday, as the local platinum industry grapples with rising costs and weak prices for the precious metal. “This strategic orientation has been informed by a significant decline in the US$

By Valentina Ruiz Leotaud South Africa’s Gold Fields (JSE, NYSE: GFI) and Canada’s Asanko Gold (TSX: AKG) announced the completion of the joint venture deal that gave the former a 50 per cent stake in Asanko’s 90-per-cent-interest Asanko gold mine. The mine is one of Ghana’s newest gold operations and it is located in the