Glencore buys Newmont’s stake in Argentina copper-gold project

Mining News Pro - Mining and commodities giant Glencore is buying Newmont’s minority stake in the Argentinean MARA cooper-gold project, a joint venture created in 2020 between the two companies and Yamana Gold.

Gold price touches new 2-year low after parade of rate hikes

Mining News Pro - Gold continued its recent struggles on Friday to set a new two-year low after a slew of central banks followed the US Federal Reserve in raising interest rates to cool inflation.

Gold price drops to lowest in two years on Fed rate hike bets

Mining News Pro - Gold plunged to its lowest since April 2020 on Thursday amid expectations of more aggressive interest rate hikes by the Federal Reserve despite a fresh round of mixed data on the US economy.

Marathon Gold raises $114m to fund Valentine mine construction

Mining News Pro - Marathon Gold has entered an agreement with a syndicate of underwriters led by Canaccord Genuity to purchase, on a bought deal basis, approximately 136.4 million units of the company priced at C$1.10 per unit for gross proceeds of C$150 million ($114m). The underwriters also have an option to buy additional units for up to C$22.5 million.

Equinox Gold resumes operations at Los Filos

Mining News Pro - Canada’s Equinox Gold has resumed operations at its Los Filos mine in Mexico, which were halted last week as the result of a blockade by members of the nearby Mezcala community.

Gold price slides as hotter US inflation keeps hawkish Fed on track

Mining News Pro - Gold fell the most in almost a month after US inflation data came in hotter than expected, maintaining pressure on the Federal Reserve to keep aggressively raising rates.

PureGold reaffirms Q3 guidance

Mining News Pro - Pure Gold Mining has reaffirmed its third-quarter guidance, having achieved record August production at its namesake mine, in Ontario, driven by record ore throughput and improved grades.

Rio2 appeals rejection of EIA for Chile gold project

Mining News Pro - Canada’s Rio2’s is appealing the rejection of the environmental impact assessment (EIA) for its Fenix gold project in Chile’s northern Maricunga region, arguing the dismissal is not consistent with the environmental assessment process that took place over the past two years.

Equinox Gold’s Los Filos mine hit by blockade

Mining News Pro - Operations at Equinox Gold’s Los Filos mine in Mexico have been suspended as the result of a blockade by members of the nearby Mezcala community, the company said on Thursday.

Gold price near ‘danger zone’ as dollar

Mining News Pro - Gold steadied after a two-day decline as traders eyed the soaring dollar and a surge in Treasury yields amid expectations of further monetary tightening by the Federal Reserve.

Gold Fields bolsters Chile presence with investment in Torq Resources

Mining News Pro - Torq Resources has welcomed Gold Fields as its new strategic investor after announcing a C$15 million private placement with a wholly owned affiliate of the NYSE-listed miner. The companies have also entered into an investment agreement that entitles Gold Fields to a pre-emptive right to maintain its stake in Torq.

Centerra Gold searches for new CEO

Mining News Pro - Canada’s Centerra Gold said on Tuesday it had named director Paul Wright as interim president and chief executive to replace Scott Perry, without providing reasons for the sudden change at the top.

O3 Mining completes PFS for Marban Engineering gold project with increased production profile

Mining News Pro - O3 Mining (TSXV: OIII) has completed a pre-feasibility study (PFS) for its 100% owned Marban Engineering gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d’Or, Quebec.

Gold price falls to six-week low as dollar rallies on sour sentiment

Mining News Pro - Gold fell to a six-week low as the dollar strengthened after US reports pointed to a resilient US economy.

Barrick Gold to sell royalty portfolio to Maverix Metals for $60 million

Mining News Pro - Barrick Gold announced Thursday that it has entered into an agreement to sell a portfolio of royalties to Maverix Metals (TSX: MMX) for total consideration of up to $60 million.

Harmony Gold drops on profit slump

Mining News Pro - Shares of Harmony Gold fell 4% on Tuesday, after the South African company posted a 49% decline in profit and said it has paused a project to extend the mine life at its Tshepong operations, citing tough mining conditions and low grades.

Osisko counts 7.4 million oz. gold at Windfall ahead of feasibility study

Mining News Pro - After nearly 1.9 million metres of drilling, Osisko Mining (TSX: OSK) has outlined a total of 1.9 million oz. at its 100%–owned Windfall gold deposit in Eeyou Istchee James Bay, Quebec.

Gold price pares gains as traders weigh US data, Fed rate hike path

Mining News Pro - Gold pared early gains after the latest data pointed to a mixed US economy, while traders await a key speech by Federal Reserve Chair Jerome Powell for clues on monetary tightening.

Gold Fields sees progress in winning investors over to Yamana deal

Mining News Pro - Gold Fields is making “encouraging progress” in winning shareholders over to its $6.7 billion all-share purchase of Canada’s Yamana Gold, CEO Chris Griffith said on Thursday.

Blockade at Zijin’s Colombia gold mine is lifted

Mining News Pro - Road blockades set up by community members around Zijin Mining’s Colombia gold mine were lifted, a government official said on Sunday, after more than a week of protests which hit the Chinese company’s production.

Gold price slips for sixth day as traders await rate hike path cues

Mining News Pro - Gold dropped for a sixth day with the dollar and Treasury yields pushing higher as traders await clues on central banks’ monetary tightening from the annual Jackson Hole meeting.

Independence Gold updates resource with better grades

Mining News Pro - Independence Gold has updated the inferred resource estimate for its 100% owned 3Ts project in British Columbia to 4.5 million tonnes at 3.64 g/t gold and 96.26 g/t silver, containing 522,330 oz. of gold and 13.8 million oz. of silver.

Stratabound Minerals reports significant increase in Fremont gold resources

Mining News Pro - Stratabound Minerals (TSXV: SB) has provided an updated NI 43-101 mineral resource estimate for its wholly owned Fremont gold project in California, showing an increase in both the indicated and inferred resource categories.

Gold price seen rising above $2,000 on inflation, mining veteran says

Mining News Pro - Gold could rally above $2,000 an ounce next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said.

Gold price to rebound when Fed pivots, FS Investments’ Gayeski says

Mining News Pro - Gold stands to rebound when the Federal Reserve pivots to easier monetary policy after about a year, although prices may see a slight drop before that as the US central bank goes on shrinking its balance sheet, according to FS Investments.

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