BofA sees $4,000 gold price on US debt, not war
Analysts at Bank of America see gold prices reaching $4,000 an oz. — an 18% jump above current levels — within the next year due to a ballooning U.S. fiscal…
Articles by Mining.com Staff
Barrick office in Mali reopens amid tax standoff
Malian tax officials have unlocked Barrick Mining’s (TSX: ABX; NYSE: B) Bamako headquarters, nearly two months after sealing the doors over an alleged multimillion-dollar tax shortfall, Reuters reported on Monday….
Torex expands with $36M Reyna Silver buy
Torex Gold Resources (TSX: TXG) has expanded its North American exploration portfolio with the acquisition of Reyna Silver (TSXV: RSLV) in an all-cash deal valued at $36 million. The acquisition…
Iamgold shares rise as Côté mine reaches nameplate
Iamgold’s (TSX: IMG; NYSE: IAG) Côté mine has officially achieved its nameplate capacity nearly 15 months after pouring its first gold, the company said Monday. Shares rose to a near…
Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
Karelian spots Victorian-era copper target in N. Ireland
Karelian Diamond Resources (LSE-A: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. The company found the copper target…
Titan gains on EXIM zinc-graphite site funding
Titan Mining (TSX: TI; US-OTC: TIMCF) soared on Thursday after the Export-Import Bank of the United States (EXIM) approved a $15.8-million financing to support the company’s zinc and critical minerals…
Resolute strikes gold in Côte d’Ivoire
Resolute Mining (ASX: RSG) has found “a major” gold deposit at its Doropo asset in northeastern Côte d’Ivoire near the Burkina Faso border, according to a government website. Doropo holds…
Rainbow Rare Earth, Mosaic study REEs in Brazil
Rainbow Rare Earths (LSE: RBW) and fertilizer giant Mosaic (NYSE: MOS) are testing the economics of recovering rare earth elements (REEs) from waste stacks at their Uberaba phosphogypsum joint venture…
Trump secures golden share as Nippon Steel completes US Steel takeover
Japanese steel giant Nippon Steel has finalized its $14.9-billion acquisition of US Steel, ending an 18-month political and regulatory battle. The deal is a win for President Donald Trump’s administration,…
Citi sees gold price falling below $3,000 as rally fades
Citigroup Inc. expects gold prices to decline below $3,000 an oz. in the coming quarters, forecasting a cooldown after this year’s record-setting run. The bank cites weakening investment demand, improving…
Augusta offered $50M loan to build Nevada gold mine
Augusta Gold (TSX: G; US-OTC: AUGG) has received a letter from the Export-Import Bank of the United States (EXIM) expressing its interest in providing up to $50 million for the…