Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than US$210 million higher than…
Gold
Aurous Resources eyes fivefold gold production increase, NASDAQ listing
Privately held South African gold producer Aurous Resources is pursuing a NASDAQ listing to fund a fivefold expansion of its operations on the storied Witwatersrand…
Russian mercenary Wagner theatens to control Barrick’s Loulo-Gounkoto gold mine in Mali, reports say
According to The Globe and Mail, there are reports suggesting that the regime may be aiming to expropriate the mining complex.
Video: Resource Capital Funds partner on how juniors can survive the capital crunch
Private equity brings countercyclical investment strategies that can be a lifeline for junior explorers and miners in a down market, Resource Capital Funds partner and…
OceanaGold gets initial approval for Philippine unit’s IPO
OceanaGold (TSX: OGC; US-OTC: OCANF) said on Monday that it has obtained preliminary regulatory approval for an initial public offering (IPO) of its Philippines-based subsidiary,…
Gold Road Resources seeks stake in Greenstone Gold Mines
Australia’s Gold Road Resources (ASX: GOR) confirmed on Monday rumours about its intention to acquire a stake in Canada’s Greenstone Gold Mines, a 60-40 partnership…
SolGold reaches deal with Ecuador on Cascabel development, financing
SolGold (LSE: SOLG; TSX: SOLG) said on Friday it had reached an agreement with the Ecuadorian government covering “certain financial terms and conditions”, along with…
Orla Mining threatens arbitration in Panama
Canada’s Orla Mining (TSX: OLA; NYSE: ORLA) may take Panama to an arbitration court following the government’s rejection of a permit extension for the three…
Forget groceries, Costco sells up to US$200M of gold bars and silver coins every month
Given its pricing and shipping costs, analysts with Wells Fargo wrote that it’s likely a “very low-profit business at best.”
Video: Tudor Gold discovers ‘Brucejack-style’ supercell at Treaty Creek’s Goldstorm
Tudor Gold‘s (TSXV: TUD) Goldstorm deposit in British Columbia surprised geologists with a high-grade structure called a ‘supercell’ when it updated the resource statement in…
Sibanye-Stillwater to axe 4,000 jobs in South African gold mines restructuring
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees…
Central banks, de-risking investors power gold price
Central bank buying and investors diversifying away from record stock markets are driving the price of gold to new highs, analysts say. The spot price…