The gold price fell 0.7% to close the trading week at US$1,238.10. The Philadelphia Gold and Silver Index fell 0.5% to 67.59 and the Dow Jones Industrial Average fell 1.18% to 24,100.51. The S&P 500 Index fell 1.2% to 2,599.95. Shares of Iamgold rose 2.7% to US$3.38, after the company announced a maiden resource for its Gossey satellite gold deposit, 15 km northwest of its Essakane gold mine in Bu...Read More
Aurion Resources jumped 21 ? to $1.10 per share on drill results from its Risti project in northern Finland. The company reported that high-grade mineralization intersected in several drill holes in the Aamurusko zone may define a coherent zone or shoot made up of at least two primary gold-bearing vein sets filling the space of the shoot. Aurion noted that finding a shoot-like geometry linking int...Read More
The S&P/TSX Composite Index dropped 1.35% to finish at 14,595.07. The S&P/TSX Global Mining Index rose 1.6% to 64.51 and the S&P/TSX Global Base Metals Index increased 0.47% to 101.42. Spot gold fell US$9.70 per oz. to US$1,238.10 per oz., and the S&P/TSX Global Gold Index lost 0.26% to finish at 174.67.Shares of Wheaton Precious Metals rose on news of a settlement with the Canada Revenue Agency r...Read More
Jeffrey Christian is the managing partner of CPM Group, a commodities research and management, consulting and financial advisory firm in New York. He founded the company in 1986, spinning off the Commodities Research Group from Goldman Sachs & Co., and its commodities trading arm, J. Aron & Company. Christian is an expert on precious metal markets and took time to speak with The Northern Miner abo...Read More
Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More
Global equity markets are getting beaten up, but gold miners have been spared as haven demand swells and bullion's outlook brightens.Newcrest Mining Ltd., Australia's top producer, rallied as much as 2.3 percent on Tuesday, while South Africa's Harmony Gold Mining Co. Ltd. was the biggest mover, rising 3.8 percent. Canada's Barrick Gold Corp. - which is taking over rival Randgold Resources Ltd. -...Read More
WINTHROP, Washington, Dec 18 (Thomson Reuters Foundation) - Although the wooden boardwalk and turn-of-the-century saloons reflect Winthrop's Old West history as a mining town, residents these days are counting down to a year-end deadline that could see the government ban extraction there for 20 years.Dec. 29 will mark the culmination of a battle by citizens of the Methow Valley, a constellation of...Read More
"North America's highest-paid #mining CEO last year was Cleveland-Cliffs' Lourenco Gon??alves, now best known for losing his rag on an analyst call. He was paid US$23.8M in 2017. https://t.co/AMNHtN0G8E"Read full newsRead More
A seismic shift is currently underway in the Toronto real estate market which may have finally pricked Canada's biggest bubble...Read full newsRead More
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Australian gold miner Newcrest Mining Ltd has raised its holdings in Ecuador gol...Read full newsRead More
BUTTE, Mont. (AP) - One man's trash is another man's gold.Read full newsRead More
Kakamega County has 1.31 million ounces of deposits valued at Sh171 billion, according to Mining MinistryRead full newsRead More
Kakamega County has 1.31 million ounces of deposits valued at Sh171 billion, according to Mining MinistryRead full newsRead More
"$WAAS - AquaVenture Holdings Ltd (WAAS) CEO Doug Brown on Acquisition of Pure Health Solutions, Inc. Conference Call (Transcript) https://t.co/BNalypgPDV"Read full newsRead More
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Global gold production may be entering its fifth "peak gold" period in modern history, and gold mining in Quebec provides opportunity.Read full newsRead More