CHART: Billions Lost in Mining Stocks as Gold, Silver, and Copper Prices Drop
Stock losses for world’s biggest mining companies near 30% since war’s start as copper enters bear market, silver falls 40% from high and gold suffers worst week in decades. Gold futures in New York fell by $225 an ounce from opening levels to last trade at $4,492 an ounce by late afternoon, a 3.5% decline […]
Kazakh Gold Miner Solidcore to Liquidate Inventory in First Half of Year
Kyzyl open pit (Kazakhstan). Credit: Solidcore Resources Kazakh gold miner Solidcore Resources plans to sell down inventories built up due to sanctions-related delays last year in the first and second quarters of 2026, the company’s chief executive said on Thursday. “We have a high degree of confidence that we will sell down this excess inventory […]
Orla Obtains Final Permit to Move Forward with Underground Mining at Camino Rojo
A May 2024 view of work at the Camino Rojo site in Mexico. Credit: Orla Mining. Orla Mining (TSX: OLA) (NYSE: ORLA) announced Wednesday it has received the environmental impact assessment (EIA) from Mexico’s Secretariat of Environment and Natural Resources (SEMARNAT) for its Camino Rojo mine in Zacatecas, Mexico. With this approval, Orla now has all the permits necessary, including […]
Benz Unearths Gold Treasure at Mt. Egerton in Australia
Benz sees Mt Egerton as a potential high-grade satellite to its early stage Glenburgh project (pictured), about 170 km away. Credit: Benz Mining Benz Mining (ASX: BNZ) has made an ultra-high-grade gold discovery beneath the historical Hibernian mine at Mt Egerton in Western Australia, returning 7 metres grading 223 grams gold per tonne from the […]
Gold Prices Fluctuate Amid Rising Energy Costs and Uncertain Fed Rate Trajectory
Stock image. Gold traded in a narrow range, hovering around $5,000 an ounce as the conflict in the Middle East entered a third week and investors weighed the inflationary impact of higher oil prices. Bullion slid as much as 1% on Monday, following two consecutive weeks of losses. Elevated crude prices from the US-Israel war […]
Jefferies: Open-Pit Gold Miners Most Vulnerable to Rising Oil Prices
An aerial view of the Tocantinzinho mine. Credit: G Mining Ventures. Gold miners with large open-pit operations could face the biggest margin pressure from the conflict in the Middle East as higher oil prices threaten to lift fuel and consumable costs in the near term, Jefferies says. Open-pit mines are particularly vulnerable to fuel inflation […]
Investors Prefer North American Assets Over African Ones: Sprott – MINING.COM
A view of Barrick’s Loulo-Gounkoto gold mining complex. Credit: Barrick Mining. Rising gold and silver prices – and the resource nationalism they have fuelled in some African countries – are making North American mines and projects more attractive to global miners amid a search for stable operating environments, says Sprott Asset Management’s chief investment officer. After taking power in recent years in bids to stop Islamic terrorism, military governments in West Africa’s Sahel […]
Gold Prices Target Second Consecutive Weekly Loss as Silver Continues to Decline
Stock image. Gold slipped below $5,100 an ounce on Friday, heading towards a second consecutive weekly drop, as high energy prices stemming from the Middle East war continue to drive high-interest expectations. Spot gold fell as much as 1% to about $5,020 an ounce, before recovering some losses. Silver, meanwhile, was hit harder, down almost […]
Cabral Gold Soars with Impressive Results as Production Approaches in Brazil
Cabral’s Cuiú Cuiú project in northern Brazil. Credit: Cabral Gold Cabral Gold (TSXV: CBR) shares shot to a new high after results from its Jerimum Cima target in northern Brazil returned the company’s strongest intervals ever as exploration continues to define a mineralized zone at the target. Highlight hole DDH372 cut 25.8 metres grading 0.6 […]
Middle East Tensions Disrupt Energy and Metals Markets
The US-Israel war against Iran has already disrupted global commodity markets, tightening supply in energy, chemicals and several metals while raising the risk of longer-term price volatility. Analysts at BMO Capital Markets said the evolving conflict has triggered sharp moves across commodities tied to the region, where supply chains for oil, fertilizers, chemicals and metals […]