Centerra pours first gold at Oksut
Centerra Gold (TSX: CG) has poured the first gold from its Oksut mine in Turkey. Oksut will be the company’s third operating gold mine, joining Kumtor and Mount Milligan. A…
Gold
Royalty dispute dogs Fortuna Silver in Mexico
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is contesting demands for a 3% royalty of the billing value of minerals obtained from the concession hosting its San Jose mine in…
World Gold Council: Risk, uncertainty to drive gold in 2020
In 2019, gold had its best performance since 2010, rising 18.4% in U.S. dollar terms. It also outperformed major global bond and emerging market stock benchmarks over that period. In…
RNC identifies new gold structure at Higginsville
A recent gravity survey completed at RNC Minerals’ (TSX: RNX) Higginsville gold operation (HGO) has delineated a 5-km long prospective structure located north of the HGO mill. This structure appears to…
Osisko releases data on longest diamond drill hole in Canadian history
Osisko Mining (TSX: OSK) has released results from the completed Discovery 1 diamond drill hole, the longest diamond drill hole drilled to date in Canada. This hole reached a length…
Equinox-Leagold merger creates US$1.75B gold miner
Equinox Gold (TSX: EQX) and Leagold Mining (TSX: LMC) said on Wednesday that shareholders of both companies have approved their merger, creating an America-focused gold miner with a market capitalization…
Geopolitical tensions to burnish gold’s allure in 2020
Gold is poised to perform strongly in 2020, with geopolitical risk set to remain elevated, metals and mining research and consultancy group Wood Mackenzie said in a January report. Miners are set to enjoy bumper…
TSX Venture dips, Jan. 20-24: Abitibi Royalties, New Pacific, Camino, K92
The S&P/TSX Venture Composite Index fell 0.47% to 581.76 and spot gold finished at US$1,571.60 per oz., up US$14.90 per ounce. Abitibi Royalties posted the largest value gain, jumping $1.45…
US stocks mixed, Jan. 20-24: Barrick, Fortuna, Coeur, Freeport-McMoRan
The Dow Jones Industrial Average rose 1.22% to 28,989.73 and the S&P 500 Index fell 1.03% to 3,295.47. Spot gold climbed US$14.90 per oz. to finish at US$1,571.60 per ounce….
TSX posts small rise, Jan. 20-24: Endeavour Mining, Yamana, Seabridge, SSR, Ero
The S&P/TSX Composite Index rose 0.04% to 17,565.30 during the trading week. The S&P/TSX Global Mining Index fell 0.92% to 81.52 and the S&P/TSX Global Base Metals Index lost 6.19%…
Barrick reaches ‘historic’ deal in Tanzania
Barrick Gold (TSX: ABX; NYSE: GOLD) and Tanzania have signed a deal that grants the African nation stakes in the three gold mines the company operates there, ending a long-running…
Centerra receives permits to restart Kumtor
Centerra Gold (TSX: CG) has received approvals and permits to restart open-pit mining at its Kumtor operation in the Kyrgyz Republic. The Kyrgyz state agency has approved Centerra’s 2020 mine…