Canadian junior gold miner Klondex has transformed itself into a leader in narrow vein gold mining over the last five years. The company’s specialty is now buying failed mines from creditors, then returning them to profitability using that narrow vein expertise. This focus has seen the company rise from the bottom of the junior mining […]
For the most part, the world’s most valuable gold deposits have all been tapped already. They are currently being exploited, or development on a new project has already begun. Yet one of the planet’s traditional sources for gold mining, Egypt, has largely deterred large-scale gold mining due to burdensome government policies. Now, however, the Egyptian […]
Have sprawling precious metals conglomerates become too unwieldy and inefficient to provide stakeholders with the best value possible? Former McEwan Mining president Ian Ball thinks so. He advocates a “back to the future” approach to precious metals mining that boils down to a single phrase: “One company, one mine”.
Just like other commodities and natural resources, the amount of gold that can be mined out of the ground each year is finite. Advancement in technology over the long stretch of human history has allowed us to dramatically increase how much of the precious metal we extract. However, there are signs that society may finally […]
Metallon Corp. is the largest gold miner in Zimbabwe. It operates the Redwing mine in the city of Mutare, which finally came back online last November after sitting idle for the previous eight years. The firm recently approved a noble initiative as Redwing boosts its output: allocating mining claims to small, artisanal miners in the […]
One of South Africa’s leading precious metal miners, Sibanye Gold (SBGL), is setting its sights on the U.S. with its latest corporate acquisition.
As 2016 nears the end of the year, it’s a good opportunity to review some of the recent headlines in the precious metals mining sector.
The West African nation Ghana is known as one of the top gold-producing countries in the world. From the most recent data, it ranks as #10 on the planet, and is second in the continent of Africa behind only South Africa. On an annual basis, the national gold output of Ghana is consistently above 90 […]
Mining operations not only create dangerous waste products, the emissions from their on-site power plants pump large amounts of CO2 and other greenhouse gasses into the air. One company in Canada is developing a promising new technology that will combat both types of pollution at the same time, and save money while doing it.
Safe havens have again gotten a great deal of attention on the financial markets as we approach the bitter end of the 2016 presidential race.
McEwen Mining (MUX) is one of the more prominent firms in the junior miners sphere. The company has operations mining for precious metals and (to a lesser extent) other base metals in Mexico, the U.S., and Argentina. It boasts a market capitalization of about $1 billion, making it more of a “small cap” company. Stocks […]
As a gold mining company, the last thing you want to happen is for someone to seize your gold and threaten nonpayment. Forget having the authorities garnish your wages—imagine having them garnish your gold!
Randgold Resources Ltd. (GOLD) is among Africa’s largest gold mining companies, operating primarily in the western and central regions of the continent. Its common stock is also widely traded, averaging more than 1 million shares changing hands per day.
Crippling unemployment in South Africa has driven untold thousands of illegal miners to risk their lives underground in disused gold mines, and sometimes even active ones. Called zama zamas, most would rather be anyplace else than deep underground in dangerous, hand-dug mine shafts. But with an unemployment rate of over 26% and youth unemployment over […]
After a torrid first half of the year that saw gold mining stocks outpace virtually every other sector or industry, the third quarter has been rather quiet for miners both large and small. The sluggish gold price is partly to blame for the lack of news coming from gold miners.
In an era when such reports are becoming fewer and farther between, Endeavour Mining (EDV) has announced that it has uncovered a “significant” new extension of its gold resources at the Ity mine in the Ivory Coast (also known as Côte d’Ivoire in French).
Aquila Resources has received draft approval of mining and water discharge permits for its proposed Back Forty gold mine in Michigan’s Upper Peninsula after ten month’s of review. The open pit mine will sit on the shores of the Menominee River, which marks the state line between Michigan and Wisconsin. The site is the only […]
After spending 14 years and $90 million to develop the site, mining giant Rio Tinto has walked away from its promising Bunder diamond mine project in India. The project would have been only the second active diamond mine in all of India, sitting astride a massive diamond deposit. By itself, the Bunder diamond mine would […]
We may finally be seeing the wind leave the sails of the gold mining sector after a spectacular start to the 2016 calendar year.
This month marks the 120th anniversary of the Klondike Gold Rush. Immortalized in the works of author and gold seeker Jack London, the gold rush in Canada’s remote Yukon territory captured the imagination of an America mired in the depths of a deflationary depression. Spurred on by newspapers trying to one-up their competition with tales […]