OceanaGold hits new high as gold prices lift Q2 results
OceanaGold (TSX: OGC; OTCQ-X: OCANF) set a new all-time high on Thursday after the company reported record quarterly profit and revenue thanks to rising gold prices. Shares of OceanaGold rose…
Gold
Why a bullet metal is behind $2.2B Idaho project
U.S. Secretary of Labor Lori Chavez-DeRemer and Idaho Governor Brad Little visited Perpetua Resources’ (Nasdaq: PPTA; TSX: PPTA) Stibnite gold-antimony project this week, underscoring the Trump administration’s push for minerals essential to…
SSR Mining soars on strong earnings beat
SSR Mining (Nasdaq, TSX: SSRM), the third-largest U.S.-based gold miner by output, soared to its highest share price in nearly two years on Wednesday after reporting second-quarter results that incorporated…
Top 10: Down Under giants adapt to global shifts
In The Northern Miner’s annual look at the world’s largest miners, Australia always figures prominently. This is third in a series after Canada and the United States. The southern continent’s…
Fresnillo lifts gold forecast on first-half surge
Shares in Fresnillo (LSE: FRES) jumped 6% on Tuesday after the Mexican precious metals miner raised its gold production forecast for the year, driven by a strong first-half performance of…
Orla cuts output target after Mexico wall slide
Orla Mining (TSX: OLA; NYSE: ORLA) said it will produce about 5% less gold than planned this year at higher costs after deferring some production following last month’s pit-wall failure at the…
First Quantum scores $1B Royal Gold streaming deal
Canadian miner First Quantum Minerals (TSX: FM) has secured a $1-billion (C$1.38 billion) gold streaming deal with a subsidiary of Royal Gold (Nasdaq: RGLD), the companies announced Tuesday. The agreement…
Fortuna rises on larger gold resource in Senegal
Fortuna Mining (NYSE: FSM; TSX: FVI) has boosted the resource for its Diamba Sud gold project in Senegal ahead of a preliminary economic assessment (PEA) later this year. The project…
Southern Copper, Freeport-McMoRan top U.S. peers as steelmakers retreat
Global miners Southern Copper (NYSE: SCCO), Freeport-McMoRan (NYSE: FCX) and Newmont (NYSE: NEM) once again topped their U.S. peers for market capitalization and earnings while several steelmakers had a down…
Agnico, Barrick lead the pack of top Canada miners
Agnico Eagle Mines (TSX, NYSE: AEM) tops our list of Canadian miners by market value at $81.9 billion (US$59.8 million) at press time. Agnico operates the country’s biggest gold mines…
Australia’s gold miners build M&A war chests
Australia’s top gold producers have stockpiled billions of dollars in cash and bullion as record-high gold prices fuelled by geopolitical turmoil and central bank demand swell balance sheets across the…
Deficit math shows gold’s not done, Rule says
By Henry Lazenby in Boca Raton, Florida Rick Rule has an axiom for mining investors facing turbulent markets: “You are either a contrarian or you’re going to be a victim.” …