Mining.com

By Michael Allan McCrae After spooking investors in January with worrisome production results, Pretium Resources (TSX:PVG) said it produced 111,340 oz of gold in the second quarter sending the stock 13 per cent higher to $11.99 a share. The company said it had a 14.9 grams per tonne gold mill feed grade and a 97.7% […]

By MINING.com Editor Written with material from Denham Capital news release Denham Capital, a resources and energy-focused global private equity firm, closed its first stand-alone mining fund, the Denham Mining Fund, at $558 million to expand its portfolio in Australia, Canada, South America and Africa. Denham Capital says it will continue its strategy of partnering

By Reuters South Africa’s mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets. Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross

By Reuters MUMBAI, July 6 (Reuters) – India’s gold imports fell for a sixth month in June to 44 tonnes as a drop in the rupee to record lows lifted local prices to a near 21-month high, curtailing demand, provisional data from GFMS analysts at Thomson Reuters and bank dealers showed. The 25 percent year-on-year

By Cecilia Jamasmie Shares in Condor Gold (LON:CNR) jumped Friday after the Nicaragua-focused miner submitted further technical studies to the country’s Ministry of Environmental and Natural Resources (MARENA) for permitting approval at its La India project. The submission of additional documents comes after the environmental regulator requested a reply to formal questions following a site

By Cecilia Jamasmie Acacia Mining (LON:ACA), Tanzania’s No.1 gold producer, said Friday production fell sharply again in the second quarter of the year as a long-dragged row with the East African nation’s government over taxes continues to hit the miner’s bottom line. The company, majority owned by Barrick Gold (TSX, NYSE:ABX), said gold production for

By Michael Allan McCrae There may also be a gold angle to the electric vehicle revolution, argues the Gold Council in a study that looks at precious metal and various uses in electronics. While lithium, nickel, copper and cobalt have all enjoyed a lift, gold may have a roll to play since it offers some

By Bloomberg News South African mines that are on care and maintenance are bad for the economy and the issue is being raised with the Minerals Council, Mineral Resources Minister Gwede Mantashe said. The Department of Minerals and Energy has been to 11 mining areas to obtain feedback on the mining charter, Mantashe said at

By Michael Allan McCrae The consultancy PWC called 2017 a “remarkable year” in its annual look back at the health of the mining sector. After the forced financial reckoning, mining companies are now profitable with metal prices on the rise. “Thanks in large measure to the continuing recovery in commodity prices, fuelled by general economic

By Reuters ABUJA, July 4 (Reuters) – Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria’s economy, one of Africa’s largest, has been built largely on its rich