Barrick shares hammered after slashing production guidance

Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) were marked down in after hours trade on Monday after the company reported first quarter results that came in below expectations and slashed its outlook for the year. In late dealings Barrick fell 3.6% after reporting earnings per share of $0.14 and revenues of $1.99 billion, both measures missing […]

Newmont lifts gold production by 9%

World number two gold producer Newmont Mining  (NYSE: NEM) announced first quarter 2017 results on Monday that show adjusted net income of $133 million or $0.25 per diluted share and a 20% jump in year on year earnings to $566 million. The Denver-based company increased net operating cash flow from continuing operations to $379 million and […]

Hey Watson! Is there gold in them thar hills?

All the easy digging has been done. All the richest seams have been mined. All the big discoveries have been made. It’s become something of a cliché in mining to pine for the good ole days of rivers of gold, oceans of diamonds and mountains of copper (as if that ever existed). But that ignores […]

Silver reaching a major inflection point – investors beware

David gives credit to Ted Butler’s continual analysis of the Commitment of Traders report, which David highlight’s often in his newsletter. The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. He discusses how silver markets move and how […]

ORENINC INDEX up as gold sees volatility

Last week index score: 54.67 This week: 65.15 The Oreninc Index showed growth again in the week ending April 20th, 2017 to 65.15 from 54.67, despite gold having a volatile week. Total raises announced increased to C$92.1 million, a two-week high, which included six brokered financings for a total of C$64.7 million, a two-week high […]

When will gold stocks catch up to gold prices?

Last week, we released a well-received article outlining gold’s recent outperformance of the gold stocks. The article even made its way to the home page of ZeroHedge.com, http://palisade-research.com/gold-up-110-gdxj-remains-flat-get-ready-for-gold-stock-rubber-band/.We wanted to go examine gold’s performance relative to gold stocks in previous cycles. As we expect this to be an epic cycle for gold, we looked back […]

Sandvik starts the year with better-than-expected profit

Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) logged Monday first-quarter results that beat market expectations, in a fresh sign that despite recent drop in commodity prices, the industry is on the recovery path. Operating profit rose to 3.51 billion Swedish Krona ($397.9 million) from a year-ago 2.41 billion, thanks to improvements in its mining and […]

If A Nuclear Bomb Destroyed Europe, Part V-Rigging Versus Reality

It’s early Monday, and let’s start by clearing our heads of the ramifications of yesterday’s first round of the French Presidential election process – in which, as expected, 39-year Emmanuel Macron, a former Rothschild Bank investment banker whose only political experience was miserably failing as “Economy Minister” under outgoing President Francois Hollande (whose approval rating […]

More iron ore comes to the market as Anglo’s output soars in Q1

Anglo American’s (LON:AAL) iron ore output climbed more than 20% in the quarter ended in March thanks to improved productivity rates at its South Africa’s Kumba division and the continued ramping-up of its massive Minas Rio in Brazil. The world’s number five diversified miner revealed Monday it produced 14.8 million tonnes of iron ore in the […]

Galantas Gold plummets as it halts Irish mine expansion on terrorism fears

Shares in Galantas Gold (TSX, LON:GAL) collapsed in London Monday after the Canadian miner announced it had halted expansion work at its Omagh gold mine as the Police Service of Northern Ireland (PSNI) said it was unable to guarantee it the necessary “anti-terrorism cover” for its blasting operations. The Toronto-based company, which had has begun […]

Despite difficulties, Randgold set to expand Tongon past 4 years

London-listed Randgold Resources (LON:RSS) isn’t letting labour unrest including a recent illegal sit-in by workers ruin its prospects for its Tongon gold mine in Côte d’Ivoire (Ivory Coast). The Africa-focused gold producer said on Sunday it has confirmed “multiple opportunities for extending the life of the operation beyond the current four-year horizon,” according to CEO Mark […]

Mount Polley permitted to pipe treated wastewater into Quesnel Lake

Nearly three years after a tailings dam at Mount Polley copper-gold mine in British Columbia breached, mine owner Imperial Metals (TSX:III) has been granted a water discharge permit from the B.C. government that will allow the company to flow treated mine wastewater into Quesnel Lake. CBC News reported last week that the BC Liberal government, […]

Siberian gold mine collapse kills two

Two gold miners are dead and one is in critical condition after an underground gold mine near the Siberian city of Chelyabinsk partially collapsed. Citing an industry watchdog and a report from Russian news agency TASS, state-owned RT said the incident occurred at the 700-metre level. More than 160 miners were evacuated at the Tsentralnaya mine […]

An undervalued mining play in a storied gold district

Strategic Metals (SMD-V) is spinning out Trifecta Gold, with 4 projects in Yukon’s hot White Gold district First-mover philosophy helps Strategic beat the majors into Yukon’s best area plays Fortunes are made, and sometimes lost, in the great mining rushes that drive people, prospectors and dollars on the heels of exciting discoveries. One of the […]

Gold upleg momentum building

Gold’s young upleg just enjoyed a major upside breakout, bolstering strong technicals and heralding a coming Golden Cross buy signal.  Investors have started aggressively buying gold again after record-high stock markets distracted them.  This gold upleg’s upside momentum is really building, portending accelerating gains in coming months.  Yet sentiment remains poor, with traders still quite […]

Strike at Escondida hurt Rio Tinto copper output

Rio Tinto (ASX, LON:RIO), the world’s second largest miner, said copper output dropped in the first quarter of the year due to a strike at its 30%-owned Escondida mine in Chile and Indonesian regulatory changes. The mining giant revealed copper production for the first three months of the year slumped 37% compared with the same period […]

Minaurum gold advancing Alamos Silver

Introduction Since our previous coverage of the company, the share price of Minaurum Gold Inc. (MGG:TSX.V) has more than tripled. We were particularly impressed with the Alamos project (the new name of what we previously called ‘La Quintera’), and at the most recent PDAC conference in Toronto, we met up with Dr. Peter Megaw to […]

Chart of the day – Miners intermediate cycle top?

The large volume surge in DUST a few days ago was the warning bell that the miners may have topped. Read at: Smart Money Tracker The post Chart of the day – Miners intermediate cycle top? appeared first on MINING.com. Source: Mining Gold

The Powers That Be Are Screaming For QE And NIRP To Infinity

I have a LOT to say this morning – all if it, extremely important.  But first, let’s start, mere hours before the third Miles Franklin Silver All-Star Panel Webinar – which will be posted at milesfranklin.com later today; with this article from one of our distinguished panelists, Steve St. Angelo of the SRS Rocco Report.  […]