Gold
Will Pension Funds Demand Overwhelm Gold Equities, Leading to Parabolic Move Higher
The $16 billion \\Ohio\\ Police & Fire \\Pension\\ Fund approved a 5% allocation to gold, something that would have been unheard of a few months ago but today represents just another domino falling as generalist investors start to enter the gold space to guard …
Precious metal exports slightly recover in Peru
Peru's gold exports rose 86% in June, compared to the previous month, copper exports by 31% and zinc exports by 136%, according to new data released by the Ministry of Energy and Mining. Gold, copper and zinc account for 50% of the country's metal exports and, …
IAMGOLD is facing difficulties selling its Mali gold mine
Canada's Iamgold Corp has delayed the sales process for its Sadiola gold mine in Mali due to political instability in the country, a spokeswoman said Thursday. Iamgold said in December that it had reached an agreement to sell its 41% interest in the mine, a …
Colombia´s central bank sells almost 10 tonnes of gold
Retail investors aren't the only ones benefiting from the gold rally. According to media reports, the Central Bank of Colombia sold around two thirds of its gold reserves. The central bank's timing, however, was somewhat inconvenient. According to the bank's …
Rising gold price helps Gold Fields to boost profits
South African mining company Gold Fields reported a big jump in half-year earnings on Thursday, benefiting from a surge in the price of gold. Gold's surge to record highs above $ 2,000 an ounce and a weaker rand have given the South African gold industry, …
Platina Resources shifts focus on gold mining
Platina Resources (ASX: PGM) believes it can capitalize on investors' interest in gold. The company said today that it "quickly turned the business" and built a gold portfolio. In early June, the company entered into a conditional agreement to acquire a 100% …
Russia is aiming to become of the largest gold producers in the world
Despite some disruption caused by the Covid-19 pandemic, Russia is expected to overtake China as the world's leading gold producer by 2029, with an average annual growth of 3.7% between 2020 and 2029. This forecast was presented in a report by Fitch Solutions …
Skeena and Barrick finalize option deal for Eskay Creek project
Barrick Gold (TSX: ABX) (NYSE: GOLD), the world's second largest gold miner, announced Tuesday that Canadian junior firm Skeena Resources (TSX-V: SKE) has decided to open an option to purchase a 100% stake on the former manufacturing property Eskay Creek. …
Higher gold price increases earnings for Centamin
Egyptian gold mine operator Centamin (LON: CEY) (TSX: CEE) on Tuesday reported a staggering 280% increase in net income for the first half of 2020 compared to the same period last year, reflecting higher production from its flagship mine Sukari, falling costs …
Unbelievably high grades at First Mining´s Goldlund property
First Mining (TSX: FF) said drill hole GL-20-033 intersected 173.8 grams per tonne of gold over 1.0 meters as of Tuesday. The drilling was part of the 2019-2020 program. The Goldlund gold project is located in northwestern Ontario. "These five holes mark the …