Facts ‘n’ figures: Asia drags down gold demand in Q2
The following is an edited summary of the World Gold Council’s Gold Demand Trends report for this year’s second quarter. For the full report, please visit www.gold.org
News
TSX Venture bounces back, Aug. 24-28
VANCOUVER — The S&P TSX Venture Composite Index rallied amidst a general market recovery during the Aug. 24-28 trading period, as it jumped nearly 3.4%, or 18.15 points, en route to a 555.67 point close.
Argonaut aims to balance expansion, cost control
VANCOUVER — Argonaut Gold (TSX: AR; US-OTC: ARNGF) is walking a fine line by expanding its gold and silver production while controlling operating costs to maximize its free cash flow. The company’s long-term goal is to boost…
Bacanora, Rare Earth Minerals sign landmark lithium supply deal with Tesla
VANCOUVER — Tesla Motors (NASDAQ: TSLA) has signed a conditional agreement with joint-venture partners Bacanora Minerals (TSXV: BCN) and Rare Earth Minerals (LSE: REM) in a move to secure long-term resources from the juniors’…
Eldorado Gold halts Greek ops as ministry revokes technical study
Haywood Securities analyst Kerry Smith says Greece’s energy minister Panos Skourletis was on a “fishing expedition” when he revoked the technical studies on Eldorado Gold’s (TSX: ELD; NYSE: EGO) Skouries and Olympias…
Fool’s Gold reality TV show proves popular
After a warm reception from viewers, mining reality TV show Fool’s Gold is back for a second season, which will see the ragtag mining crew set out to extract 100 oz. gold from the historic Straw Lake Beach gold mine in Kenora, Ont.
Gekko heads to Arctic with Hope Bay contract
Gekko Systems, a mineral processing and modular plant design firm, has won a contract for work on TMAC Resources’ (TSX: TMR) flagship Hope Bay gold project in northwest Nunavut.
SGS expands Corescan service in North America
SGS has enhanced its hyperspectral analysis capability in North America by adding a mobile unit, based in Canada.
Asian, African miners more likely to switch heavy equipment suppliers, Timetric survey says
A survey of buyers and senior decision makers at more than 500 mines across the globe wide shows that most Asian and many African miners anticipate switching major equipment manufacturers in the next five years.
Editorial: Commodities prices follow China’s economy south
China’s slowing economy and sinking stock market are wreaking havoc on already oversupplied commodity markets around the globe.
Anglo American sells Mantos Blancos and Mantoverde mines
A year after selling its 50% interest in U.K. building materials group Lafarge Tarmac for US$1.6 billion, Anglo American (US-OTC: AAUKY; LSE: AAL) has reached a deal to unload two of its smaller Chilean copper mines to a consortium led by…
Endeavour hits pay dirt at Agbaou
VANCOUVER — West Africa-focused Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has been on the hunt for valuable oxide resources at its flagship Agbaou gold mine, 80 km south of Yamoussoukro, Côte d’Ivoire, and exploration results…