BRICS nations alleged to be stockpiling gold to support new currency
China and Russia may be setting aside some of their massive gold production to support a new currency to rival
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Gold
China’s 23 t of gold in July purchase, it’s just getting started
China continues to put the world on notice that it intends to challenge the U.S. dollar’s role as a reserve
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Russia restarts gold and currency purchases at $19 million per day
Russia’s finance ministry announced late last week that it would start buying currencies and gold again in August after 18
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Newmont Defers Investment Decision for Yanacocha Sulfides Project to Advance Portfolio Optimization Strategy
DENVER – Newmont Corp. has announced it will defer the full-funds investment decision for the Yanacocha Sulfides project in Peru
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Lumina Gold sells Cangrejos gold project to Wheaton for $300M
Wheaton Precious Metals has announced that its wholly-owned subsidiary has entered into a definitive precious metal purchase agreement with Lumina
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Endeavour reports 301koz gold production in Q1-2023
ENDEAVOUR has reported that Q1-2023 production from continuing operations amounted to 301koz, a decrease of 54koz or 15% over Q4-2022
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The top 10 countries with the most valuable gold reserves
MiNMET presents the current list of the 30 countries that possess the largest stockpiles of gold, with all monetary values
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Southern Palladium resource estimate average 9.28g/t (6PGE+Au)
Southern Palladium announces that resource estimate for its Far East Block discovery underway with results from 23 UG2 intersections averaging
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2022: Gold and palladium winners silver and platinum lagged behind
Despite a strong start in the first quarter of 2022, last year proved to be a consolidation period for the
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Barrick targets 2028 for start up of Reko Diq copper-gold mine
ISLAMABAD – Barrick president and chief executive Mark Bristow has advised the Pakistan federal and Balochistan provincial government that, following
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Dundee achieved 2022 gold production guidance, copper slightly below
Dundee Precious Metals has reported that in 2022, the company produced 273.1 koz of gold, achieving annual production guidance of
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Inflation remains a positive for gold in 2023, banks buying
Saxo Bank, along with Bank of America, is one of the most optimistic on gold in the new year. Ole
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El Domo: one of highest grade and lowest capital intensity copper-gold projects
Adventus Mining and Salazar Resources have announced that the Government of Ecuador has signed the investment contract in support of
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Will gold price go lower in 2023? How low it can go?
Although the Federal Reserve is slowing the pace of rate hikes, it will continue to tighten its monetary policy in
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Gold to have a difficult start in 2023 but shining by year end
After a difficult year filled with challenging headwinds, the gold market is ending 2022 on an upswing in roughly neutral
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Massive Reko Diq Project Gets All Clear, Barrick Starts Updating Plans
TORONTO – Barrick Gold Corporation has said that it had completed the reconstitution of the Reko Diq Project, having received a favorable opinion
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Harmony acquires Eva Copper, marks beginning of its strategic diversification
JOHANNESBURG – Harmony Gold Mining Company has announce that its acquisition of the Eva Copper project is complete and payment
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SA mining sector contracts 10.4% in October as gold and PGM production lower
According to Statistics South Africa (StatsSA), the domestic mining production decreased by 10.4% year-on-year in October 2022. StatsSA said that
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Russia’s gold reserves a target in U.S. defense spending bill
The U.S. continues to target Russia’s massive gold reserves in an effort to sanction the country for its nearly year-long
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Falling head grades put pressure on gold mining industry
Metals Focus, in its recent report, stated the average head grade at the world’s primary gold operations has been declining
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Anglo Asian to expand capacity of its flotation plant in Azerbaijan
Anglo Asian Mining, a gold, copper and silver producer focused on Azerbaijan, has announced the start of an expansion of
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Should Russia’s gold pay for Ukraine’s war damages?
Kremlin spokesman Dmitry Peskov said Western countries used sanctions to steal its gold and foreign exchange reserves to transfer them
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Barrick and Pakistan review progress on Reko Diq copper-gold Project
Quetta, Balochistan – Barrick Gold Corporation president and chief executive Mark Bristow says the process of completing the final agreements
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Newmont delays Yanacocha Sulfides Project
DENVER – Newmont Corporation has announced it will delay the full-funds investment decision for the Yanacocha Sulfides project in Peru
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Glencore to acquire Newmont’s shareholding in the MARA Project
Glencore International AG (GIAG) and Newmont Corporation have announced they have reached an agreement in which Glencore will acquire Newmont’s
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Rio Tinto completes sale of Cortez Gold Royalty for $525 million
LONDON – Rio Tinto has completed the sale of a royalty it holds on an area including the Cortez mine
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Freeport-McMoRan: copper, gold and molybdenum production up in Q2
Freeport-McMoRan, the world’s second largest copper miner, announced today that the company produced 1,075 million pounds of copper in Q2
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Why a Russia’s Gold Standard Is Not Happening
According to Gary Wagner the Editor of TheGoldForecast.com and Jeff Christian of CPM Group, Russia did not return to a
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Sibanye-Stillwater: gold operations disrupted by strike
Sibanye-Stillwater’s managed SA gold operations were impacted by various operational disruptions during Q1 2022. Production from the Beatrix underground operations
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True partnership will deliver Reko Diq Project
TORONTO – The groundbreaking partnership agreement between Barrick, the federal government of Pakistan and the provincial government of Balochistan should
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