Mining.com

Four miners have died, three remain stuck underground and two are still missing at one of Sibanye-Stillwater’s (JSE:SGL) (NYSE:SBGL) gold mines in South Africa following a quake caused a fall of ground Thursday, trapping a total of 13 workers. Two more quakes were felt Friday near the Masakhane mine, part of the company’s Driefontein operations, […]

Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens. According to the latest report by the World Gold Council (WGC), a trade

European focused mineral exploration company Erris Resources announced today that it was granted a new 100%-owned gold exploration permit, Enåsen no.5, which is located in central Sweden, some 370 kilometres north of Stockholm. The 59.4 km2 permit encompasses a largely unexplored area surrounding the historic Enåsen mine, which produced 1.7-million tonnes at 3 g/t gold

Mine operator Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died. Thirteen miners were trapped underground at the company’s Masakhane mine west of Johannesburg earlier on Thursday after an earthquake that measured 2.2 caused a cave-in. Sibanye-Stillwater said two employees were

Source: Streetwise Reports 05/02/2018 Eric Zaunscherb, an analyst with Canaccord Genuity, reviewed the updated resource at this company’s Newfoundland asset. A May 1 research note from Canaccord Genuity reported that Marathon Gold Corp. (MOZ:TSX; MGDPF:OTC.MKTS ) released an updated resource on its Valentine Lake gold project in Newfoundland. “The overall resource was increased to 2,137,400

The price of gold has been feeling the pressure lately from a stronger U.S. dollar, which is at a four-month high, and rising Treasury yields. Nevertheless, the yellow metal eked out a positive March quarter, returning close to 1.3 percent, while the S&P 500 Index posted its first negative quarter since 2015. This tells me

JOHANNESBURG, May 3 (Reuters) – Precious metals producer Sibanye-Stillwater’s gold output at its South African mines had been hit by by safety and operational disruptions in the first quarter, it said on Thursday, adding that it expects to regain the lost ground this year. Sibanye’s gold production in the first three months of 2018 declined

Thirteen gold miners are trapped underground at Sibanye-Stillwater’s (JSE:SGL) (NYSE:SBGL) Masakhane mine in South Africa following a seismic event Thursday, which caused a fall of ground in an operating stope, the company said. Contact has been made with three of the workers, the firm said, adding that all efforts are being made to locate the

South African gold producers signed Thursday a class action settlement with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis while working for them, the parties said. The 5 billion rand-settlement (about $395 million at today’s exchange rate) puts an end to the country’s largest and most expensive class

Today marks the first day that Nova Scotia mining companies can apply for fuel tax rebates for fuel consumed at mines, quarries and pits. “Getting the rebate is a tremendous win for Nova Scotia’s mining industry and a clear indication of the government’s support of our industry,” said Sean Kirby, Executive Director of the Mining