Tudor Gold Gears Up for Underground Operations at Treaty Creek
The Treaty Creek gold camp in northwest British Columbia. Credit: Tudor Gold Corp. Tudor Gold (TSXV: TUD) has applied for a permit for the underground exploration of the Treaty Creek gold-copper project in northwest British Columbia. The application was made with the BC Ministry of Energy, Mines and Low Carbon Innovation. The company plans to […]
Gold Prices Fluctuate as Traders Focus on Jackson Hole and Ukraine Discussions
Stock image. Gold wavered as traders looked ahead to potential interest-rate signals from the Federal Reserve’s annual gathering in Jackson Hole, as well as high-stakes diplomacy in Washington over efforts to end the war in Ukraine. Bullion traded in a narrow range over the past few sessions. Central bankers from around the world will gather […]
Uganda Aims for Increased Exports with Launch of Its First Large-Scale Gold Mine
Uganda has inaugurated its first large-scale gold mine, a $250 million Chinese-owned project in the country’s east that will also refine the bullion to 99.9% purity, according to a statement from the president’s office. The landlocked east African country, which has a variety of minerals including copper, cobalt and iron ore, wants to expand its […]
Metal Markets Stabilize as Trump-Putin Meeting Commences
Stock image. Industrial and precious metals held steady as markets awaited the outcome of the summit between US President Donald Trump and his Russian counterpart Vladimir Putin. Metals from gold to copper traded in a narrow range Friday ahead of the talks in Alaska. Any arrangement bringing an end to the war in Ukraine could […]
Q2 2025 Fundamentals of Gold Mining Companies
Image from Newmont. Gold miners just finished reporting their best quarterly results ever. Mainly thanks to amazing record gold prices, its miners achieved epic record revenues, record unit profits, record bottom-line earnings, and record operating cashflows. Last quarter proved gold miners’ eighth in a row of huge mostly-high-double-digit profits growth. Gold stocks remain seriously undervalued […]
Barrick and Shandong Gold Pursue $400 Million Investment in Argentine Mine
The joint operators of Argentina’s Veladero gold mine, Barrick Gold and Shandong Gold, are seeking to add a $400 million project to a new government regime designed to attract large investments. The project, submitted to Argentina’s Large Investment Incentive Scheme (RIGI), aims to boost the mine’s output by 1.6 million ounces over its useful life […]
Gold Prices Rise as Market Increases Rate Cut Expectations
Stock image. Gold prices inched higher on Wednesday as mild US inflation data cemented expectations for a Federal Reserve rate cut next month and raised the odds of additional monetary easing later this year. Spot gold was up 0.3% at $3,356.98 per ounce by 1:15 p.m. ET, rebounding from a one-week low from the previous […]
Gold Prices Remain Steady After July Inflation Report
Image courtesy of Pxfuel. Gold was little moved on Tuesday following fresh US inflation data that bolstered the likelihood of a Federal Reserve rate cut in September. Spot gold stayed flat at $3,344.63 per ounce as of 11:20 a.m. ET, trading within a narrow range of $3,331.70-$3,357.70 for the day. US gold futures, meanwhile, went […]
Barrick Pursues $3.5 Billion Funding for Copper Mine in Pakistan
Barrick Mining (NYSE: B)(TSX: ABX) aims to secure up to $3.5 billion in financing from the United States and other international lenders to build a massive copper-gold mine in Pakistan, after long-promised Saudi funding failed to materialize. Chief executive Mark Bristow told the Financial Times on Monday that the company is working on a “G7-country financing […]
Global Gold Bar Market Shaken by Tariff Concerns
Stock image. The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment’s notice in pursuit of the highest prices. On Friday, a shock US ruling suggesting that the metal would be subject to tariffs plunged that system into chaos. The apparent […]