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By World Gold Council The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years. Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment […]

By Cecilia Jamasmie Canada-listed junior miner Thor Explorations (TSX-V: THX) published Friday first results from metallurgical test work at its Segilola project in Nigeria, poised to become the country’s first large-scale gold mine. The testing is part of the definitive feasibility study (DFS) for the project, located about 200km from the capital Lagos, and which

By Reuters VANCOUVER/TORONTO, May 17 (Reuters) – The weak human rights record of one of Africa’s poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin’s latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia,

By Cecilia Jamasmie Canada’s Centerra Gold (TSX:CG) is selling its subsidiary AuRico Metals’ royalty portfolio and a silver stream on its Kemess project to Triple Flag Mining Finance Bermuda, in a deal valued at $200 million. The transaction, said the company’s President and chief executive, Scott Perry, is meant to generate cash to continue developing

By Valentina Ruiz Leotaud Despite mining contributing about 6 per cent of Australia’s GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers. The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also

By Bloomberg News Billionaire hedge-fund managers John Paulson and Ray Dalio kept their faith in gold even as rising interest rates trim the metal’s gains. As of March 31, New York-based Paulson & Co. had 4.32 million shares in SPDR Gold Shares, the biggest exchange-traded product backed by bullion, according to a regulatory filing. That

By Reuters South Africa’s Tharisa strengthened its claim as an early mover in a hoped-for Zimbabwean mining renaissance on Wednesday by buying a slice of the chrome-rich Great Dyke region. Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe

By Cecilia Jamasmie Canada’s Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver doré at its Cerro Moro mine, located in Argentina’s Santa Cruz province. The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track,

By Reuters The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to “ownership related issues”. The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along with its key shareholder, billionaire Viktor Vekselberg, was sanctioned by

By Frik Els Gold on Tuesday suffered its worst trading day in 17 months after a recovery in the value of the US dollar and seven-year highs for yields on the country’s government bonds. The most active gold futures contract on the Comex market in New York dropped to a low of $1,288.20 an ounce,