'When, not if' for $2 000/oz gold – Coxe

The rout in gold stocks in recent weeks has been “truly stunning”, with investors rushing out of them in a near-manic fashion, but BMO Financial Group strategy adviser Don Coxe continues to believe their fortunes will change. “When (not if)...

Mexico gold output seen topping 100 t/y by ’17 on hefty new discoveries

Better known as the world’s biggest silver producer, Mexico may soon deliver the next ‘mega’ gold deposits, with explorers Newstrike Capital and Westridge Resources reporting significant resources at their targets. The North American state...

New Gold lifts profit by 36% despite production drop

TSX-listed New Gold on Wednesday reported a 36% increase in quarterly profit year-on-year, having earned $34-million or $0.07 a share in the first quarter ended March 31. Gold production fell nearly 8% to 99 274 oz with margins averaging $ 1...

Gold majors could hit ‘slam dunk’ with junior M&As

With the gold price remaining resiliently high, mid-tier and major producers pumping cash, and junior equities more depressed by the day, analysts say Iamgold’s purchase of Trelawney mining last week could be a sign of things to come....

Red Lake ground conditions dogs Goldcorp's Q1

Problems with ground conditions at Canadian gold major Goldcorp’s flagship Red Lake mine in Ontario during the first quarter have forced the Vancouver-based company to relook its 2012 guidance, it said on Wednesday. During the first three...

Éléonore gold project, Canada

The Éléonore mine, in James Bay, Quebec, will be one of the largest underground gold mines in Canada.

World Gold Council unveils conflict-free gold draft

The World Gold Council on Thursday unveiled a standard to curb the sale of gold tainted by conflict and human rights violations.

Cash-gushing Silver Wheaton ogles bigger deals

Silver Wheaton, which announced a $550-million profit for 2011, will be looking to do streaming deals as big a $1-billion, CEO Randy Smallwood said on Friday. Companies, which sell future silver production at a set price to Silver Wheaton to fund...

McEwen holds 33% of treasury in gold and silver

McEwen Mining, the product of the January fusion of US Gold and Minera Andes, said on Thursday its San Jose mine in Argentina produced 1.45-million ounces of silver and 20 934 oz of gold in the fourth quarter. The TSX- and NYSE-listed firm also...

Phoenix gold project, Canada

The Phoenix project is located next to Goldcorp’s Red Lake mine, in northern Ontario.

Africa emerges as new frontier for gold M&A

At the massive Prospectors and Developers convention, it's not hard to find a table full of mining executives huddled in conversation, their voices muffled by the din of thousands of participants at the event. With gold prices steady above $1...

Centerra considers joining quarterly dividend-paying peers

Centerra Gold, which reported a 47% drop in fourth-quarter net earnings to $79.4-million, might consider introducing a quarterly dividend instead of its current yearly payout, CEO Steve Lang said in an interview. But do not expect the Central...