Category Archives: Gold Mining Stocks

gold mineworker

Back To The Future For Gold Majors

January 10th, 2017 by

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”.

mine-wagon

Gold Mining In Decline?

December 27th, 2016 by

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 […]

zimbabwe-gold

Zimbabwe Plays Politics With Gold Mine

December 22nd, 2016 by

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 […]

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Year-End Mining Update

November 25th, 2016 by

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.

molten gold

Ghana Opens Second-largest Gold Refinery in Africa

November 19th, 2016 by

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 […]

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New Tech Treats Mine Waste With CO2

November 8th, 2016 by

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.

Copyright: weerapat / 123RF Stock Photo

Gold ETFs See Fresh Demand

November 2nd, 2016 by

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.

gold mining

McEwen Mining Guns for S&P 500

October 31st, 2016 by

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 […]

gold-investigation

Avocet Mining Hit by Gold Seizure

October 29th, 2016 by

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!

african gold mining

Mixed News for Randgold (GOLD)

October 11th, 2016 by

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.

zama-zama-miner

Zama Zama Crisis In South Africa

September 20th, 2016 by

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 […]

gold-mine

News from the Gold Mining Sector

September 20th, 2016 by

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.

New Gold Discovery for Endeavour (EDV)

September 14th, 2016 by

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).

gold mineworker

New Gold In Old Northwest

September 12th, 2016 by

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 […]

Raw diamonds from Bunder Mine project (Rio TInto)

Rio Tinto Walks Away From Diamond Mine

September 7th, 2016 by

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 […]

Seattle Post-Intelligencer July 17, 1897 [Public Domain]

120 Years Ago: The Klondike Gold Rush

August 26th, 2016 by

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 […]

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Glencore (GLEN): Mixed Results for Miners

August 24th, 2016 by

Gold mining firms have been strong this year, with industry players big and small alike posting remarkable gains. However, the broader mineral and resource mining space is still trying to recover from its multiyear slump.

PAAS YTD price chart. Source: Google Finance

Silver Is Sprinting Past Gold

August 18th, 2016 by

The Olympics are coming to a close, and at the same moment silver is sprinting far ahead of gold. In fact, it’s about to lap its precious metal cousin around the track! When you compare year-to-date returns, spot silver has nearly outpaced gold 2:1—+43% YTD versus a still impressive +27.5% YTD for the gold price.