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By: Reuters Updated 1 hour 10 minutes ago Gold option volatility soared to its highest level since early this year on Friday, as investors scrambled to protect their positions against a prolonged rout after bullion tumbled to its lowest in four years. The 2% drop in gold December futures, its biggest one-day decline since July, fuelled... →
By: Henry Lazenby Updated 2 hours 35 minutes ago TSX-V-listed American Vanadium this week reported that the CellCube vanadium flow energy storage systems it sells in North America had received Underwriters Laboratories (UL) 508A certification, considered the single most-accepted product accreditation in the US and generally a prerequisite for... →
By: Henry Lazenby Updated 2 hours 44 minutes ago TSX- and NYSE-listed Eldorado Gold this week reported a 45% decline in third-quarter net profit, as it booked an inventory write-down at the Vila Nova iron-ore mine, in northern Brazil. The Vancouver-based company, which has operations in Brazil, China, Greece, Turkey and Romania, reported for... →
By: Henry Lazenby Updated 3 hours ago TSX-V-listed TomaGold and TSX-listed Iamgold on Friday announced that the companies had revised the terms of their agreement dated November 12, 2013, through which Iamgold would acquire a 50% interest in each of the Monster Lake, Winchester and Lac-a-l'Eau-Jaune properties, in Quebec. As a result... →
By: Henry Lazenby Updated 3 hours ago The outcomes of two ongoing court cases in Russia and Ontario could potentially have a significant impact on the restructuring negotiations between Canadian miner Centerra Gold and the Kyrgyz Republic government over the ownership of the Kumtor gold mine. Centerra’s president and CEO Ian... →
By: Reuters Updated 6 hours ago Twelve miners were killed in a flooded underground coal mine in northeastern Colombia, the world's fourth-largest exporter of the mineral, local officials and rescue workers said on Friday. Flooding in the mine, located in the Amaga municipality in Antioquia, a region that has been the site of... →
By: Natasha Odendaal Updated 7 hours ago Gold miner Harmony Gold has closed its Kusasalethu mine for two weeks, as it takes a stance against the scourge of illegal miners after a fire – the third this month – threatened the safety and health of mineworkers. The fire, believed to have been started on Thursday by illegal miners, had... →
By: Natasha Odendaal A definitive feasibility study (DFS) for the Waterberg Coal Company’s (WCC’s) standalone export project has been commissioned, as discussions for the funding of the project get under way, the ASX- and JSE-listed group announced on Friday. WCC, which was still in talks with State-owned power... →