Peter Hambro ousted from his gold mining company Petropavlovsk

Peter Hambro – source Proactive Investors By Barbara Lewis LONDON, June 22 (Reuters) – Shareholders voted for four new board members at Russian-focused gold miner Petropavlovsk on Thursday, ousting Peter Hambro who has run the company since he founded it in 1994. Rebel shareholders, holding around 40 percent of the company, backed nominees to replace […]

Freeport Indonesia says giant copper mine running as normal despite strike

JAKARTA, June 22 (Reuters) – Operations at the world’s No.2 copper mine in Indonesia are “running as normal”, a spokesman for the local unit of Freeport-McMoRan Inc said, despite thousands of workers extending a strike for another month. Riza Pratama said in a text message on Thursday that “around 25,000 workers and contractors” continued to […]

Amazon to Buy Tesla and SpaceX? Interview Hosted By: Financial Survival Network What’s Happening Wednesdays with Andrew Hoffman: Complete dissociation of Fed “rate hike” with market reality – Rates near lows Treasury yield curve historic inversion (in China, too!) Plunging commodities, EM currencies, OPEC/Saudi chaos My Newest “Most Likely To Catalyze The Big One” Today’s article, “Valuation Anomalies Suggest Historic […]

This new videogame aims to gauge youth’s interest in the mining industry

A new video game currently in the works may be just what the mining industry needs to attract more young people. “Gold rush: the game” is based on a successful TV show of the same name, which follows two bankrupt businessmen who go to Alaska in search of gold and their efforts to strike it […]

After rainforest victory for Brazil’s environmentalists, a mining battle looms

By R.T. Watson Opponents of unbridled development of Brazil’s Amazon region scored a victory this week when environmentalists fronted by supermodel Gisele Bundchen persuaded President Michel Temer to veto legislation that would have removed protections on more than 1 million acres. A battle over Amazon land about 300 times that size may be looming. The mining […]

Dollar Update

The U.S. dollar has held up better than expected, says technical analyst Clive Maund, as he discusses its downside potential. While the dollar has held up better than expected in the recent article “The Sun Rises on the Precious Metals Sector” in that it has not continued to drop, it hasn’t risen much either, and […]

Revised South African charter poses threat to miners, says Moody's

JOHANNESBURG, June 21 (Reuters) – Ratings agency Moody’s warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa’s mining industry would deter investment, raise costs and diminish cashflow generation. Anglo American, AngloGold Ashanti, Gold Fields, Petra Diamonds, Sibanye Gold and South32 would be the most negatively affected miners if the revised […]

Seabridge Gold drilling set to begin at KSM’s Iron Cap deposit

Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that core rigs are being mobilized to KSM to begin drilling two highly prospective targets: the down plunge projection of the Lower Iron Cap zone and a new target which could represent a fifth, higher grade deposit at KSM. Both targets were discovered in IC-16-62, the last hole drilled in the […]

Freeport Indonesia workers to extend strike for a month – union

JAKARTA, June 21 (Reuters) – Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday. Up to 6,000 workers will remain on strike, Freeport Indonesia union industrial relations officer Tri Puspital told Reuters, putting Freeport’s plan to […]

Gold ICL still 6 to 8 weeks away

Gold’s intermediate cycle low is still 6 to 8 weeks away. Trader sentiment, technical conditions and price targets for both gold and miners are discussed.     The post Gold ICL still 6 to 8 weeks away appeared first on Source: Mining Gold

Goldcorp partners with FLSmidth to eliminate conventional slurry tailings dams

PRESS RELEASE, COPENHAGEN FLSmidth will be working with Goldcorp to develop EcoTails™, a new system to dramatically improve tailings and waste rock disposal while economically processing mine waste and increasing water recovery and reuse by as much as 90–95%. Together with the world’s third largest gold miner, Goldcorp, FLSmidth is co-developing a system for co-mingling […]

Goldcorp sells Cerro Rojo gold-silver project in Mexico to Orla Mining

Canada’s Goldcorp (TSX:G) (NYSE:GG) the world’s number four bullion miner in terms of output, is selling its Camino Rojo gold and silver project in Mexico to Orla Mining (TSX-V:OLA), adding to the list of operations it has been unloading in recent months to focus on highly profitable, core assets. As part of the deal, the […]

Valuation Anomalies Suggest Historic Precious Metal Lows

Today, we’re going to start with an interview with billionaire Frank Giustra – perhaps, Canada’s most famous mining stock promoter.  Who, in this interview, comes as close to accusing gold of being manipulated as mainstream investors are “allowed.” Do you think the gold market is manipulated? No, I don’t think it is manipulated.  Manipulation is […]

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

Emeralds and rubies miner Gemfields’ (LON:GEM) shares slipped more than 2% Wednesday after its largest investor Pallinghurst lowered the minimum number of acceptances from the company’s shareholders on its takeover offer. Gemfields is recommending shareholders to accept Fosun’s offer, despite considering it “unfair” and “unreasonable.” South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back the […]

King's Wealth: Gold stocks playbook part 1

Ray Dalio is the CEO of Bridgewater Associates, the largest hedge fund ever, by a wide margin from second place. His wisdom is the result of what I term “Calculated Trial and Error.” Studying his achievements, I learned that starting from the kitchen of his apartment in NYC in the early 1970s, he began placing […]

Five Unusual Precious Metals Opportunities Andy Schectman, CEO of Miles Franklin Precious Metals Investments joined us today. For those of you not aware, Miles Franklin is a major bullion dealer, the only one licensed and regulated by the State of Minnesota. Andy sees 5 opportunities right now in precious metals that haven’t been in a long time. First Platinum […]

Top 10 financings of May 2017

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 financings for gold totalling $228.9 million, some 62.5% of the total. The top ten gold financings totalled $174.86 million representing 47.7% of the gold total. 11 brokered gold financings closed in May for $113.7 million at an average size of […]