Wheaton Precious Metals’ (TSE: WPM) shares surged over 14% Friday, following the company’s announcement that it had a reached settlement with the Canada Revenue Agency (CRA). The settlement provides for a final resolution of Wheaton’s tax appeal in connection with the reassessment under transfer pricing rules for 2005 to 2010. Wheaton Precious Metals is one of… Read More

* Discounts widen in India, jewellers hold off on fresh purchases * Activity quiet in China, premiums narrow to $5-$6.50/oz * Singapore premiums ease slightly to $0.50-$0.60/oz Dec 14 – Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion’s appeal going into the holiday season, with buying… Read More

Nigeria’s first gold refinery, located in the southwestern state of Ogun, is scheduled to be completed by the end of June, according to Kian Smith Trade & Co Ltd., the local company developing it. The refinery will initially be able to produce 3 metric tons of gold each month, and 1 ton of silver, Kian… Read More

LONDON – Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said. Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee… Read More

Dec 13 – Billionaire hedge fund manager John Paulson’s success in ousting the bulk of Detour Gold Corp’s board could serve as a “template” for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday. The Canadian mining company’s shareholders voted for five board nominees backed by Paulson & Co… Read More

Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s top bullion producer by volume, is acquiring 12,600,000 common shares of fellow junior miner Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects in South America’s North Atlantic coast. The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner… Read More

Falcon Gold (TSXV: FG) reported that it completed its 2018 exploration program this week on the Esperanza Resources mineral concessions located in La Rioja province, western Argentina. According to Falcon Gold, the work program was focused on three of its seven concessions, namely ERSA VIII, IX, and X. The idea was to advance the company’s… Read More

By Egon von Greyerz – December 14, 2018 We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started in 1913 with the creation of the Fed and had its death knell in 1971 when Nixon took away the gold backing of the… Read More

Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d’Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone has been the target of drilling, but its resources are not yet included in the current estimate. Kiena… Read More

Detour Gold Corp shareholders voted for five nominees of Paulson and Co and removed the interim CEO and Chairman, among others, from the nine-member board, the hedge fund said on Thursday, ending a months-long proxy fight. Paulson, who owns about 6 percent stake in the gold miner, had nominated eight members to the board. The… Read More

Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior’s Orion project, part of its 100%-owned Rackla gold property in the Yukon. Barrick declined a request for comment on the decision, but in an investor day presentation last month, the company’s head of… Read More

Workers will return to Gold Fields’ sole South African mine on Thursday after a six-week strike was called off by the country’s National Union of Mineworkers (NUM), with production likely to resume in earnest after Christmas. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer… Read More

Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforce, potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November. The firm’s shares rose 6 percent after the diversified miner said the strike, called by the Association… Read More

Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia. The company says results from 47 new drill holes totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan… Read More

OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Meråker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastuträsk Zn-Cu-Au project in Sweden. In a press release, the Vancouver-based miner said that together with the… Read More

Minera Alamos (TSXV: MAI) just obtained $2 million of early funding in connection with a royalty agreement through the execution of a secured senior convertible-to-loan agreement with Osisko Gold Royalties (TSX: OR). In a media statement, the Toronto-based miner said the loan may be converted into a 1% NSR on the La Fortuna gold project… Read More