The threat of new COVID-19 restrictions in economies around the world pushed the gold price to its lowest point in nearly two months yesterday, as part of a wider sell-off seen across global stock markets. US gold futures fell by 3.9% to US$1,885.40 per ounce on...
An imminent global economic downturn brought on by the COVID-19 (coronavirus) pandemic will push the value of gold to US$3,000 per ounce by October 2021, Bank of America has projected. The firm's analysts lifted their 18-month price target for the precious metal from $2,000 per ounce...
The Australia-Africa Minerals and Energy Group (AAMEG) will form a crisis and security group for the West Africa region after employees of an Australian mining contractor were killed in Burkina Faso last week. The November 7 incident saw gunmen open fire on several buses transporting workers...
The extent of illegal artisanal mining across the Amazon rainforest has been revealed in a new map which pinpoints 2,312 sites in 245 areas across six Amazon countries. The map was produced by Amazon Socio-Environmental, Geo-referenced Information Project (or RAISG), which is comprised of non-government environmental...
Australian gold producer Evolution Mining will lead the discussion on mining technology and innovation at Unearthed Sydney 2018. The fourth edition of the hackathon will take place from 12-14 October at the Amazon Web Services (AMS) Sydney office, and invites attendees to dig through data and...
Embattled Tanzania-based gold producer Acacia Mining has announced that its chairman Kelvin Dushnisky will leave the post to become fellow African miner AngloGold Ashanti’s new boss. Dushnisky leaves Acacia with the company still in the midst of a bitter dispute with the Tanzanian government over alleged...
Westgold Resources managing director Peter Cook yesterday criticised over-bureaucracy in Western Australia’s gold mining industry, saying regulation is holding back growth in the sector. Speaking at the annual Diggers and Dealers conference in Kalgoorlie, Cook said that a growing theme of paternalism is emerging from the...
Latin American Minerals has announced an update on its drilling activity at its 15,020 hectare Paso Yobai Gold Project in Paraguay, where the focus has turned to a new gold zone. The Canada-based junior has two rigs operating at the project and has completed 11 drill...
Egypt-focused gold mining company Centamin has declared it more than doubled its profit in the first quarter of 2018, helped by rising gold prices and a ramp up in production. The company’s pre-tax profit soared to 122% to US$65.4 million compared to the same quarter in...
A new shaft will extend the life of the European Union’s biggest gold mine after Agnico Eagle Mines said it will commence a shaft sinking project at the Kittilä gold mine in Lapland, Northern Finland. The Canada-based gold producer will invest nearly US$200 million on the...