Gold production growth will average 2.5% annually from 2020-2029: Fitch
A new report by Fitch Solutions forecasts that global gold production will increase from 106 million oz. in 2020 to 133 million oz. by 2029, for an average annual growth…
gold
Aurelius reports near-surface gold in Nova Scotia
Aurelius Minerals (TSXV: AUL) has released assay results for three holes completed within the Aureus West portion of its wholly owned 16.8-sq.-km Aureus gold project in Nova Scotia, 150 km…
GFG Resources to drill high-grade gold targets at Pen
GFG Resources (TSXV: GFG; US-OTC: GFGSF) has begun this year’s second-phase, 8,500-metre drill program at the 475-sq.-km Pen project, 40 km west of the Timmins gold district in Ontario. The…
Minera Alamos buys Cerro de Oro gold project in private sale
Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country. The…
Covid-19 creates ‘perfect storm’ for gold investment: World Gold Council
With the price of gold having crested US$2,000 an ounce, the World Gold Council released its latest report on the precious metal’s demand trends. The Gold Demands Trends report covers…
Gold price steadies after record-breaking run
Gold prices held steady after a record-breaking rally that saw the spot price hitting new highs and futures touching US$2,000 per oz. for the first time. Spot gold continued its…
Gold miners will struggle to maintain 2019 production levels, Wood Mac says
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight,…
Marathon Gold a ‘takeover target’ says National Bank Financial
Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold…
Canada may review Endeavour-Semafo merger
Canadian authorities may launch a national security review of the imminent merger between Endeavour Mining (TSX: EDV) and Semafo (TSX: SMF), which would create West Africa’s top gold producer. The…
RNC focuses on gold with new project, name change
RNC Minerals (TSX: RNX) is making its status as a gold-focused company official, announcing the acquisition of a third gold project in Australia, and proposing a name change to Karora…
Equinox Gold tables PEA for underground development at Aurizona
Equinox Gold (TSX: EQX; NYSE-AM: EQX) has released the results of a preliminary economic assessment (PEA) on an underground development within its Aurizona mine site in northeastern Brazil. The early-stage…
Commentary: Gold hits turbulence amid coronavirus disruptions
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected…