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Fresnillo’s 2018 silver output hit record high, to be lower this year

Fresnillo’s 2018 silver output hit record high, to be lower this year

Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company said it expected a decline in silver output in 2019. The company, which is the world’s largest primary silver producer and...

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Gold Fields dismisses AngloGold merger report

Gold Fields dismisses AngloGold merger report

South Africa’s Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti. “This article is factually incorrect and we completely disassociate...

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Eldorado Gold counting down to open its first mine in Canada

Eldorado Gold counting down to open its first mine in Canada

Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada — the Lamaque project in Val d’Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first...

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Slower growth weighs on base metals but constructive for gold, CIBC says

Slower growth weighs on base metals but constructive for gold, CIBC says

The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says. “CIBC economists are not forecasting a...

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IDM’s Red Mountain gold and silver mine gets environmental permit

IDM’s Red Mountain gold and silver mine gets environmental permit

Canada’s IDM Mining (TSX-V:IDM), which is in the process of being absorbed by fellow miner Ascot Resources (TSX-V:AOT), can now start building its flagship Red Mountain gold and silver mine near Stewart, British Columbia, as it has received the...

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Newmont grabs Goldcorp in $10B deal that creates world’s top gold miner

Newmont grabs Goldcorp in $10B deal that creates world’s top gold miner

US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick’s book by announcing that is buying Canada’s Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world’s largest producer by output, challenging Barrick’s...

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Resource Weekly 332 – Asia Gold-China premiums up on investment demand; Indian market on hold

Resource Weekly 332 – Asia Gold-China premiums up on investment demand; Indian market on hold

  Click here to find more details This is NAI’s new Resource Weekly. We will be covering the latest news in Mining, and Oil and Gas sectors every week. To continue to receive NAI’s Resource Weekly, please click Here to subscribe.

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Asia Gold-China premiums up on investment demand; Indian market on hold

Asia Gold-China premiums up on investment demand; Indian market on hold

Physical gold premiums rose in China this week as investment demand firmed on worries over global growth and a softening dollar, though Indian buyers remained on the sidelines ahead of the wedding season. Premiums in top consumer China firmed to...

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Endeavour Mining increases stake in Ity gold mine to 85%

Endeavour Mining increases stake in Ity gold mine to 85%

Canada’s Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has increased its stake in its Ity gold mine in Ivory Coast to 85% from 80% by buying shares in the operation from a local company owned by former soccer star. DYD International Holdings was...

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MAX Resource to develop large gold project in Colombia

MAX Resource to develop large gold project in Colombia

MAX Resource (TSXV: MXR) announced this week that it was able to secure 100% of the 89 mineral applications it is aspiring to develop in western Colombia. The applications cover a total area of 1,757 square kilometres and are located within the...

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Alamos Gold drills highest grades yet at Island mine

Alamos Gold drills highest grades yet at Island mine

Alamos Gold (TSX: AGI) of Toronto reports the highest grades from surface drilling in the Western extension at the Island gold mine near Wawa. High grades were also recorded from across the Main and Eastern extensions. Results from the Western...

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