Workers protest at Newmont Ghana’s operation

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Ghanaian media are reporting that people that work for Newmont Ghana’s subcontractor at the Ahafo gold mine have downed their tools while protesting in demand for additional compensation and benefits. According to the local press, a police constable from the Brong-Ahafo Regional Police Operational Unit was injured in the eye while responding to one of… Read More

Gold Price Short-Term Rally Due – Mid-Term Still Down

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By Jim Curry – June 24, 2018 With the mid-term trend still pointing lower, gold continued to push to lower lows into last week, with the metal dropping all the way down to a Thursday bottom of 1262.40 – before bouncing slightly off the same into the weekly close. Source: gold-eagle.com

Cheap Gold Stocks Basing 2

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The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators.  They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to.  The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to… Read More

Silver Bear pours first silver from Russian project

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Canada’s Silver Bear Resources Plc (TSX:SBR) said Friday it had produced first silver from its operations at its Mangazeisky silver project in Far East Russia. Following the initial commissioning activities, silver has been produced since April and commissioning has continued through the second quarter. Up to mid-June this year, the Company has mined 13,436 tonnes… Read More

Cashed-up bargain hunter SSR is on the prowl for next gold mine

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Flush with cash and armed with a knack for spotting mines producing below their potential, SSR Mining Inc. is on the hunt for more assets. “We want to continue to grow, no question,” John DeCooman, vice president of strategy and business development, said in an interview Wednesday. “We’ll continue to look for assets” that are… Read More

Asanko, Gold Fields $185 million-venture in Ghana gets the green light

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Ghanaian authorities have approved a $185-million partnership between South Africa’s Gold Fields (JSE, NYSE: GFI) and Canada’s Asanko Gold (TSX: AKG) aimed at developing one of the West African country’s newest gold mine. The Ghanaian Minister of Lands and Natural Resources’ approval, said the companies, was the main hurdle they needed to clear to complete… Read More

Top Dalradian shareholder supports Orion Mine takeover offer

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TORONTO, June 21 (Reuters) – M&G Investment Management, the biggest shareholder in Dalradian Resources Inc, said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance. The C$1.47 per share offer is fair, Jamie Horvat, director of global equities at M&G, told Reuters. M&G owns… Read More

First new all-electric mine dumps diesel; cuts costs, pollution

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CHAPLEAU, Ontario/LONDON, June 21 (Reuters) – Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel. Goldcorp Inc is building the world’s first new all-electric mine, a high-stakes gambit to replace noisy, fume-belching equipment being closely… Read More

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

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Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador. The agreement gives First Quantum the option of investing an additional $37 million over the course of… Read More

Demystifying the Blockchain Economy

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Traditional financial and banking sectors remain wary about the blockchain economy, given the myriad of cryptocurrencies and climbing transaction costs. But for investor, entrepreneur, and biohacker Cassi Konopasek, there is no question: blockchain solutions will become mainstream. She sees potential in serving the millions of unbanked around the world. As for the hundreds of altcoins… Read More

China marks cobalt, copper ascendancy in Congo with new group

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More than 30 Chinese companies active in the Democratic Republic of Congo formed a business association backed by both countries’ governments, further cementing China’s ascendancy in copper and cobalt production in the central African nation. The 35-member Union of Mining Companies with Chinese Capital will facilitate “communication and exchange between the Chinese mining companies and… Read More

Mystery Russian gold mine investor revealed as crypto executive

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One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders. For weeks, the company has demanded to know the identity of its new shareholders, who are leading a fight to oust the board and represented by little-known holding companies.… Read More

Osisko pays Can$180M for a silver stream from Falco Resources

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Osisko Gold Royalties announced today that it secured a silver stream from Falco Resources for Can$180 million. The silver stream will come from Falco’s Horne 5 property in Rouyn-Noranda, Québec. Osisko will make staged upfront cash deposits to Falco of up to C$180 million and will make ongoing payments equal to 20% of the spot price… Read More

Top gold stock shows cash obsession is what investors want

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By James Attwood (Bloomberg) — The fact that Cia. de Minas Buenaventura SAA is beating rivals in the stock market at a time it’s generating the most cash in seven years says something about what investors are looking for in gold stocks. Buenaventura’s U.S. shares have surged 63 percent in the past two years, the… Read More

Meghan Markle makes gold sales sparkle

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NEW YORK (Reuters) – The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to… Read More