Category Archives: Gold Mining 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.

coal-ore-mine

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 […]

miner-cartoon

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.

goldmine gold mining

Gold Mining Rebound In Full Force

August 4th, 2016 by

The gold mining industry has enjoyed a huge bounce-back so far in 2016. As earnings season for the second quarter commences, we’re still seeing a bright outlook for the sector as a whole.

mine-wagon

Comparing Barrick (ABX) and Newmont (NEM)

July 29th, 2016 by

Barrick Gold (ABX) and Newmont Mining (NEM) are the world two largest gold mining firms. Each has a market cap well over $20 billion. For years, these two competitors have provided a useful point of comparison for investors in gold mining stocks.

open-pit-mining-195082_640

Major Miners Sell Troubled Assets

July 5th, 2016 by

2016 has a been a banner year for the vast majority of mining companies. This has been especially true for gold miners, but the broader commodities sector has also been buoyed by the rising tide and falling global currencies.

gold-mine

Mining Rebound In Full Force

June 20th, 2016 by

Perhaps more so than any other related enterprise, the mining of precious metals is directly underpinned by the price of gold. When prices are high, mining firms enjoy all the spoils of a booming industry: fresh investment, increased activity, and expansion by companies both large and small. This is precisely was happened from the period […]

Small Gold Miners on the Radar

June 16th, 2016 by

All year long, it has appeared that the prospects (no pun intended) for gold mining companies have vastly improved. The decision this week by the Federal Reserve Open Market Committee (FOMC) not to raise interest rates gave another boost to gold prices, which is also a welcome sign for the companies large and small that […]

Image courtesy of Holabird Western Americana

GLD Holdings Hit 33-Month High

June 13th, 2016 by

Over the last month, gold prices have risen an impressive 6%. This was kicked off by the most recent unemployment report that was far worse than expected. Precious metal prices have surged since then, with gold advancing from $1,210/oz to above $1,285/oz over that time.

gold mineworker

The Economics of Mineworkers

June 9th, 2016 by

During the classical period of gold rushes during the latter half of the 19th century, going to work at a gold mine (as a gold prospector) was an independent, entrepreneurial endeavor. In the 20th century and beyond, however, mineworkers have become more of a marginalized labor group. The economics of being a mineworker can be […]