The operation was suspended for security reasons in early August after an incident involving police where an unauthorised artisanal miner died and some equipment was damaged.Rosebel partially resumed operations four weeks ago and was expected to be fully ramped up in 30 days, IAMGOLD said.The company had last month reduced its 2019 attributable production guidance from 810,000-870,000 ounces to 76...Read More
The Dow Jones Industrial Average fell 1.05% to 26,935.07, and the S&P 500 Index fell 0.51% to 2992.07. Spot gold gained US$28.80 per oz. to finish the trading week at US$1,516.70 per oz. gold.AngloGold Ashanti shares rose 6.8% to US$20.22. The company signed an agreement with B2Gold on Sept. 16 that will see B2Gold - AngloGold's joint-venture partner - fund a US$13.9-million investment and explora...Read More
The S&P/TSX Venture Composite Index rose 0.2% to 590.45 during the trading week.Shares of Great Bear Resources rose 4.7% to $8.99. On Sept. 3, the company reported multiple gold discoveries along a 3.2 km strike length of the 18 km LP Fault target at its wholly owned Dixie project in Red Lake, Ontario. High-grade gold intercepts include 101.7 grams gold per tonne over 2 metres within 10.65 grams g...Read More
Gold is back in a short-term bull mode with prices creeping up from $1,500 over the last three days of trading.As for the big picture? A lot could happen, sure, but it is looking good.The problems causing renewed interest in gold as a hedge and as a safe haven have no clear resolution.To sum it all up, five major trends are in place that are acting as bullish catalysts for gold trades. Combining t...Read More
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