Northern Dynasty Secures $12M Royalty Payment Amid Ongoing Government Discussions
Northern Dynasty Minerals (TSX: NDM) (NYSE-A: NAK) says it has received another $12 million payment from its royalty investor while it continues to have talks with the US government on the approval of the company’s flagship Pebble project in Alaska. The payment is part of a royalty financing agreement signed with an unnamed investor in […]
China’s Gold Discounts Reach Multi-Year Lows as Other Asian Hubs Maintain Purchasing Activity
China is the biggest billion consumer and its buying trends can have bearing on global prices. Credit: Chow Tai Fook Physical gold demand in China weakened further this week, with discounts hitting multi-year lows, while steady buying persisted in other major Asian hubs despite the high prices in anticipation of further gains. Spot gold hit […]
Omai Gold Reaches Record High on TSX Following Positive Assays from Guyana
A recent view of the Omai gold project area. Credit: Omai Gold Mines. Omai Gold Mines (TSXV: OMG) stock hit a new all-time high Friday after the company said new drilling at its namesake project in Guyana produced multiple high-grade intercepts. Hole 25ODD-125 in the Wenot deposit cut 9.5 metres grading 6.84 grams gold per […]
Congo Aims to Exploit New Gold Mines Amid Rising Prices
Barrick’s Kibali mine, Democratic Republic of Congo. Image from Rangold Resources. Democratic Republic of Congo says it loses 60 tons of gold a year to smuggling. The new mines minister wants the country to build new sites to recapture that wealth. Louis Watum, who became minister last month, previously developed Africa’s biggest gold mine at […]
Hedge Fund Waratah Acquires Gold Stocks as Rally Continues
Stock image. One of Canada’s largest hedge fund managers is piling into gold stocks in anticipation that bullion’s record-setting rally is only just beginning. Waratah Capital Advisors has invested in mid-size Canadian producers including Equinox Gold Corp. and Centerra Gold Inc. as well as exploration and development companies including Artemis Gold Inc. in its funds, […]
Kinross Divests Complete Stake in Asante Gold
Kinross Gold (TSX: K, NYSE: KGC) said on Tuesday it has sold its entire shareholding in Asante Gold (TSXV: ASE) at a discount, without providing reasons for the divestment. According to an early warning report, Kinross sold approximately 36.93 million of Asante’s shares, representing 5.2% of those outstanding, at a price of C$1.80 per share. […]
White Gold Secures $14.5 Million for Exploration Initiatives
The White Gold district in the Yukon. Credit: White Gold Corp. White Gold (TSXV: WGO) is set to raise C$20 million ($14.5 million) in a brokered private placement to fund its exploration activities in Canada’s Yukon Territory. Clarus Securities, as lead agent of the offering, will issue a combination of premium flow-through units (C$1.17 per unit), […]
Elton John’s Film Glimmers as Gold Prices Rocket
Elton John in the film Touched by Gold. Credit: World Gold Council Elton John has said goodbye to the yellow brick road – but not to the yellow metal, which is a big part of his life as the new short film “Touched by Gold” shows. Released this week by the World Gold Council, the […]
Switzerland Investigates Trader for Suspected Involvement in Sanctioned Russian Gold Transactions
Stock image. Swiss-based metal trader Open Mineral is being investigated by Switzerland’s State Secretariat for Economic Affairs (SECO) and Zug police for alleged dealings with sanctioned Russian gold, two sources with knowledge of the matter said. Sanctions on Russian gold were imposed by Switzerland in August 2022, aligning it with the European Union’s sanctions which […]
Mining Forum Americas: Gold Giants Pledge to Maintain Discipline
AngloGold Ashanti CEO Alberto Calderon said three-quarters of company output already comes from tier-one assets and the aim is 85% by the mid-2030s. Credit: Henry Lazenby Colorado Springs – A year of record bullion prices has the gold sector talking less about buying ounces in takeovers and more about finding them in their midst. At […]