Lundin Gold starts mining of first production stope at Fruta del Norte

Lundin Gold starts mining of first production stope at Fruta del Norte

Canada’s Lundin Gold (TSX:LUG) has begun mining of the first production stope at its Fruta del Norte gold project in Ecuador. Construction of the process plant and tailings facility continue to be on schedule, the Vancouver-based miner said, with...

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Blackrock to grow Silver Cloud project in Nevada

Blackrock to grow Silver Cloud project in Nevada

Blackrock Gold (TSXV: BRC) announced that, together with its namesake US subsidiary, it has entered into a purchase agreement for 20 mining claims directly adjacent to its Silver Cloud project in Elko County, Nevada. Silver Cloud is a...

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Palladium takes (some) shine off gold price rally

Palladium takes (some) shine off gold price rally

The price of gold may be setting fresh multi-year highs almost daily, but its performance so far this year is still in the low double digits in percentage terms. In contrast, at $1,532 an ounce palladium is honing in on new all-time highs and is...

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Fosun mulls takeover of $1bn Russian miner GV Gold

Fosun mulls takeover of $1bn Russian miner GV Gold

A consortium led by Fosun International Ltd. is in talks to acquire a majority stake in GV Gold PJSC, a Russian gold miner backed by BlackRock Inc., according to people familiar with the matter. Fosun is considering teaming up with partners...

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Gold price ignites as top gold ETF hits record inflows

Gold price ignites as top gold ETF hits record inflows

The gold rally gained momentum on Monday as retail and institutional investors pile into the precious metal market. Gold for delivery in August, the most active futures contract trading in New York, touched a high of $1,425.10 an ounce level in...

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Continental Gold drills visible gold at Buriticá; stock at 9-month high

Continental Gold drills visible gold at Buriticá; stock at 9-month high

Continental Gold Inc. (TSX:CNL) today announced assay results from initial exploration at its Buriticá project in Antioquia, Colombia. Visible gold was encountered in all four drill holes. Highlights of the latest drill results include 44.90 g/t...

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Rio Tinto breaks ground at Madison copper-gold project in Montana

Rio Tinto breaks ground at Madison copper-gold project in Montana

Rio Tinto’s (ASX, LON: RIO) subsidiary Kennecott Exploration has kicked off its drilling campaign at Broadway Gold Mining’s Madison copper-gold project, located in the Butte region of Montana, US. The move follows an earn-in agreement between the...

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Gold price barrels through $1,400

Gold price barrels through $1,400

The rally in the price of gold went into overdrive on Friday with the metal hitting a near six-year high on a combination of a weaker dollar, slumping bond yields, geopolitical uncertainty, trade tensions and institutional money pouring into the...

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IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid

IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid

Shares of IAMGOLD Corp. (TSX: IMG) surged over 9% on Thursday — its biggest jump in four years — amid whispers of a possible bid from China. The nation’s second-biggest gold mining company, China National Gold Group Corp., is said to be...

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Gold price soars to highest since Sep 2013

Gold price soars to highest since Sep 2013

Gold gathered momentum on Thursday after hitting a five-year high late yesterday after the US Federal Reserve signalled likely cuts to interest rates in the second half of the year. Gold for delivery in August, the most active futures contract...

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Gold price jumps to 5-year high

Gold price jumps to 5-year high

Gold reached a five-year high on Wednesday breaking through a major resistance level after the US Federal Reserve signalled a rate cut is in the offing. Gold for delivery in August, the most active futures contract trading in New York, reached an...

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