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Serabi Gold moving forward with permitting third Brazilian mine, keeps guidance

22 July 2019 - 22:42
Brazil-focused Serabi Gold (LON,TSX: SBI) said Monday it remained on track to produce between 40,000 and 44,000 ounces of the precious metal this year from its Palito and Sao Chico mines in the country’s north, almost 19% more than the 37,108 ounces it churned out last year.

Weak demand takes shine off Petra Diamonds revenue

22 July 2019 - 22:33
South Africa’s Petra Diamonds (LON:PDL) on Monday became the latest victim of weak demand for precious stones that is crippling the industry after reporting full-year revenue below analysts’ estimates.

Silver-gold junior’s stock soars on boosted funding for Chile projects

22 July 2019 - 08:14
Vancouver-based Aftermath Silver’s (TSX: AAG.H) stock was up over 20% Friday, after it announced it is increasing its non-brokered private placement from 18.7 million units to up to 25 million units at a price of C$0.08 cents per share.

Gold price falls back from 6-year highs

20 July 2019 - 14:42
After hitting six-year highs overnight, gold fell back in busy Friday morning dealings as investors indulged in profit-taking ahead of the weekend.

Mongolia seeks to rewrite Oyu Tolgoi deal with Rio

20 July 2019 - 14:24
Mongolian legislators will vote next month whether to rewrite a 2015 investment agreement with mining giant Rio Tinto (ASX, LON, NYSE:RIO) for the massive Oyu Tolgoi copper-gold mine, located in the Gobi Desert.

Barrick strikes deal with Acacia after sweetening offer, takeover imminent

20 July 2019 - 14:18
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has bowed to pressure from Acacia Mining’s (LON:ACA) minority shareholders, offering on Friday a sweetened deal for the African miner that would give Barrick full control.

Barrick’s gold output for the year to hit upper end of forecast

19 July 2019 - 15:54
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world’s second largest bullion miner, expects production of the precious metal this year to hit the upper end of its forecast range of 5.1 million to 5.6 million ounces.

Anglo American’s diamond unit takes sparkle away from results

19 July 2019 - 15:51
Global miner Anglo American (LON:AAL) posted Thursday a 2% increase in overall production during the three months leading to June 30, helped mainly by its giant Minas-Rio iron ore mine in Brazil, but cut diamond guidance for the year as sales remain weak.

Fresnillo cuts 2019 production, cites challenging times

18 July 2019 - 13:55
Shares in Fresnillo (LON:FRS), the world’s largest silver miner, dropped by almost 5% to the bottom of the FTSE 100 after it cut its annual production targets, citing lower-than-expected ore grades and construction delays at its gold mines in Mexico.

Acacia hit by fresh roadblock in Tanzania ahead of Barrick’s bid deadline

18 July 2019 - 13:50
Embattled Acacia Mining (LON:ACA) is facing fresh hurdles in Tanzania as the government has ordered it to stop using a waste storage facility at North Mara, its largest gold mine and the only one of the three the company owns that remains fully operational.
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