R/€ = 14.80 Change: 0.06
R/$ = 12.04 Change: 0.05
Au 1341.30 $/oz Change: 4.84
Pt 1008.50 $/oz Change: 14.88

Gold News

Alba aims to reopen Welsh gold mine

By: Mariaan Webb     4th December 2017 Aim-listed Alba Minerals has acquired a 49% interest in the Clogau gold mine, in Wales, which the company aims to bring back into production. The Clogau gold project, which comprises the mine and a number of gold targets over a 106.94 km2 area, is situated in the Dolgellau gold belt, which has... 

GBM scoping study shows economic viability of Mt Coolon project

By: Dylan Slater     4th December 2017 A recent scoping study conducted by junior GBM Resources for its Mt Coolon gold project has indicated that it may be economically viable to redevelop the project, which shows the potential to generate strong positive cash flow 

Change of name for BCI to reflect broader strategy

By: Mariaan Webb     4th December 2017 BCI Iron has changed its name to BCI Minerals to reflect the broadening of the company’s strategy to increase its focus on additional commodities. The ASX-listed company has expanded its focus to also include a presence in gold and base metals and has set out to be an “influential Australian... 

Banro defers December interest payment

By: Henry Lazenby     2nd December 2017 Democratic Republic of Congo- (DRC-) focused miner Banro Corp has decided to defer an interest payment of $4.94-million that was due on Friday for up to 30 days. Under the terms of the indenture governing the 10% notes due 2021, no event of default will occur if the interest payment is made... 

McEwen secures $10m in Timmins exploration funding

By: Henry Lazenby     1st December 2017 Gold producer McEwen Mining has secured a $10-million financing to support a 2018 exploration programme on its newly acquired Black Fox mine and associated assets in Ontario’s Abitibi Gold Belt. The financing comprises a $10-million bought deal of four-million flow-through common shares priced at... 

PNX appoints study manager for Hayes Creek project DFS

By: Natasha Odendaal     1st December 2017 ASX-listed PNX Metals has appointed engineering, consulting and contracting company GR Engineering Services as the study manager for the definitive feasibility study (DFS) of the Hayes Creek zinc/gold/silver project, in the Northern Territory. GR Engineering will be tasked with the process design... 

C$1.17m raised for Northern Ireland’s Omagh mine

By: Mariaan Webb     1st December 2017 The owner of Northern Ireland’s only producing gold mine has raised about C$1.17-million (or £682 859) in a private placement, which the company plans to use to accelerate underground development. TSX-V and Aim-listed Galantas Gold closed the private placement on Thursday for 16 655 099 common... 

Newmont selects preferred bidder for power at remote Australian mine

By: Creamer Media Reporter      1st December 2017 Gold major Newmont Mining has awarded power generation specialist Zenith Energy preferred bidder status to build, own and operate a 62 MW power station for its Tanami gold mine, which is about 520 km north-west of Alice Springs in the remote Tanami desert of the Northern Territory. The power... 

Tyranna announces Kalgoorlie gold mine acquisition

By: Creamer Media Reporter      1st December 2017 ASX-listed gold explorer Tyranna Resources on Friday announced the acquisition of the near-producing Eureka project in Kalgoorlie, Western Australia, from TSX-V-listed Central Iron Ore for $3.2-million consisting of cash and shares. The acquisition of the Eureka project, including the Eureka... 

Novo meets commitment to earn 50% in Karratha JV

By: Mariaan Webb     1st December 2017 Canada’s Novo Resources has satisfied its farm-in and joint venture (JV) expenditure commitment to earn 50% into a venture with Australia’s Artemis Resources focusing on conglomerate gold in the Karratha region of the Pilbara. Three separate unincorporated 50:50 JVs have been formed between Novo... 

Countdown to Mt Morgans production starts as openpit mining contract is awarded

By: Mariaan Webb     1st December 2017 The countdown has started for the biggest gold mine to come on line in Australia in six years, with ASX-listed Dacian Gold awarding the final material contract required for the 200 000 oz/y Mt Morgans mine, near Laverton, Western Australia, to start production. The company awarded the mining... 

Orefinders consolidates prospective Shining Tree district, in Ontario’s famed Abitibi

By: Henry Lazenby     1st December 2017 TSX-V-listed Orefinders Resources has entered into agreements for a series of three acquisitions of adjoining properties from two individual landholders and from private company Premet. Orefinders said in a press release on Thursday that it views the Shining Tree District as a significantly... 

Chairlift system to augment safety at Orkney mine

By: Tasneem Bulbulia     1st December 2017 A 180-m-long, footwall-mounted chairlift system will be installed at gold miner Tau Lekoa Gold Mining Company’s mine near Orkney, in the North West, in January to assist the mine with daily operations and enhance its safety. Energy distribution, automation, communication, transportation and roof... 

Chairlift system to augment safety at Orkney mine
ELEVATING SAFETY Becker’s chairlift systems, with modular, low-maintenance attributes, are designed to transport up to 900 personnel per hour in a quick, efficient and safe manner

Illegal miners posing danger to residents – City of Joburg

By: Nadine James     1st December 2017 The ever-increasing trend of illegal miners using explosives near public infrastructure has seriously compromised the safety of residents and businesses, said City of Johannesburg communications specialist Virgil James. He explained that the City is concerned about the impending threat posed by... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina

By: Henry Lazenby     30th November 2017 Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec. “We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina
Photo by Orford Mining
Qiqavik prospecting, Northern Quebec

Osisko agrees to extend Falco loan; in talks to pick up Horne 5 stream

By: Henry Lazenby     30th November 2017 Royalties and streaming firm Osisko Gold Royalties has entered negotiations with Abitibi-focused explorer Falco Resources on a precious metal streaming agreement for its Horne 5 project, following Osisko agreeing to extend a loan. TSX-V-listed Falco reported that Osisko has agreed to extend a... 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Planning decision for Connonish gold project delayed

By: Mariaan Webb     30th November 2017 Aim-listed Scotgold will have to wait longer to hear whether it has been granted planning permission for its revised plans for the Cononish gold and silver project, near the Loch Lomond and Trossachs National Park in Scotland. A decision by the Loch Lomond and Trossachs National Parks Planning... 

Planning decision for Connonish gold project delayed

Lionsgold raises £550 000

By: Creamer Media Reporter      30th November 2017 Aim-quoted Lionsgold has raised £550 000 through the placing of shares, the company announced on Thursday, as CEO Cameron Parry said the firm was preparing for “key moments” over the coming weeks and months. "We have a highly talented team of natural resource industry skilled professionals who... 

Harmony’s Hidden Valley expansion progressing ahead of schedule

By: Mariaan Webb     30th November 2017 The $180-million expansion project at Harmony Gold’s Hidden Valley mine, in Papua New Guinea, is progressing ahead of schedule and on budget, the South Africa-based miner reported on Thursday. Harmony, which bought former joint venture partner Newcrest’s stake in Hidden Valley last year, is... 

Kirkland Lake lists on the ASX as gold rush lures prospectors Down Under

By: Reuters     30th November 2017 Canada-based Kirkland Lake Gold listed its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago... 

Sheffield spinoff Carawine raises A$7m in IPO

By: Mariaan Webb     30th November 2017 The new exploration company housing Sheffield Resources gold and base metals assets in Victoria and Western Australia, Carawine Resources, has raised A$7-million in an oversubscribed initial public offering (IPO). Sheffield, which is focusing on the Thunderbird mineral sands project in Western... 

Mantle wraps up asset disposals with Norton sale

By: Mariaan Webb     30th November 2017 Junior miner Mantle Mining has completed its asset disposal programme with the sale of its Norton gold project, near Gladstone, in Queensland, for A$525 000 in cash. The ASX-listed company earlier this month divested of its noncore Queensland exploration projects for A$400 000. 

Small-scale mining has big future but requires formalisation, planning

By: Mia Breytenbach     29th November 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

Small-scale mining has big future but requires formalisation, planning

Integrated, regional approach needed for mine water treatment – DWS

By: Mia Breytenbach     29th November 2017 Government and regulators should promote a regional integrated approach to mine water treatment, says Department of Water and Sanitation (DWS) Mine Water/Water Quality Management chief director Marius Keet. Speaking at the Science Business Society Dialogue Conference on Linking Science, Society,... 

Mantle edges closer to bringing historical Morning Star on line

By: Megan van Wyngaardt     29th November 2017 ASX-listed Mantle Mining, which is currently focused on the return to production of the Morning Star gold mine east of Melbourne, Victoria, reports that it has made significant progress on trial mining in the mine’s Stacpoole zone. To date, the company has recommissioned the mine’s winder,... 

Ortac optimistic of new DRC acquisition after positive drilling outcomes

By: Natasha Odendaal     29th November 2017 Aim-listed Ortac Resources on Thursday reported further significant mineralisation intersection at its Casa mining project, in the Democratic Republic of the Congo. The new gold assay results emerged from the expansion and infill drill programme currently under way at its Akyanga gold deposit and... 

Tanami Gold and Northern Star complete Western Tanami transaction

By: Creamer Media Reporter      29th November 2017 Gold miner Northern Star Resources is now the owner of the idled Western Tanami project, which it bought from fellow-listed Tanami Gold for A$4-million in cash. Tanami Gold’s shareholders approved the transaction at the company’s annual general meeting on Wednesday, which completed the transaction. 

WA’s second attempt at gold royalty hike fails

By: Mariaan Webb     29th November 2017 It has been twice considered, and twice rejected. The Western Australian government’s second attempt at increasing the royalty rate for gold miners has failed to pass in Parliament.On Tuesday night, the Mining Amendment Regulations (No 3) 2017, and the consequent increase in the gold royalty... 

WA’s second attempt at gold royalty hike fails

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Altiplano delivers first bulk-sample ore to toll mill

By: Henry Lazenby     29th November 2017 TSX-V-listed explorer Altiplano Minerals has shipped the first 100-t sample of ore taken as part of a bulk sample at the Farellon copper/gold mine, in Chile, for toll milling. The Edmonton, Alberta-based miner said on Tuesday that since the Comet Joint Venture (CJV), in which it has earned a 50%... 

Osisko Mining cuts 479 g/t gold intercept at Lynx

By: Henry Lazenby     29th November 2017 Gold explorer Osisko Mining has reported more significant intercepts as it progresses an 800 000 m drill programme at its Windfall Lake project, located in the Abitibi greenstone belt of Quebec. Highlights from the latest batch of 27 intercepts in 18 drill holes focused on infill and expansion... 

Kefi released from litigation claims by Ethiopian court

By: Megan van Wyngaardt     28th November 2017 A ruling by the Federal Supreme Court of Ethiopia has eliminated all claims against Aim-listed gold miner Kefi Minerals, releasing it from potential liability regarding an inherited claim for damages. This followed a judgment earlier this year that reduced the company's liability from $12-million... 

Hummingbird launches commemorative coins

By: Megan van Wyngaardt     28th November 2017 To commemorate the first gold pour at  Hummingbird Resources’ Mali-based Yanfolila mine, the Aim-listed gold miner is producing one-ounce pure-gold single mine origin (SMO) coins. The 1oz Hummingbird will be part of a collection of seven coins, officially launching in 2018, offering those who are... 

RNC to double nickel output at WA mine, resumes talks for Quebec project

By: Mariaan Webb     28th November 2017 TSX-listed RNC Minerals has said it plans to double nickel production from its Beta Hunt mine, with production of four-million pounds of contained nickel forecast for 2018. RNC Minerals is ramping up gold production at the Beta Hunt mine in Western Australia’s Kambalda mining district, with gold... 

Ausdrill wins contract extensions in Africa and Australia

By: Creamer Media Reporter      28th November 2017 Mining services company Ausdrill said on Tuesday it had secured two contract extensions at African operations and one in Western Australia. The ASX-listed firm reported that South Africa-based AngloGold Ashanti had awarded its wholly owned subsidiary African Mining Services (AMS), a provision... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Primero finalises Cerro del Gallo development project sale to Argonaut

By: Henry Lazenby     28th November 2017 Precious metals producer Primero Mining has completed the sale of its development asset, the Cerro del Gallo mine, in Guanajuato state, Mexico, to fellow Canadian miner Argonaut Gold. Under terms of the transaction, Toronto-headquartered Primero pocketed $15-million in cash, which it advised on... 

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