Northern Superior Reports High-Grade Gold Discovery in Quebec
Chibougamau, Quebec is located about 60 km from the gold camp that hosts Northern Superior’s Philibert project. Credit: Wikimedia Commons. Northern Superior Resources (TSXV: SUP) cut a highlight result of 9.1 metres grading 11.99 grams gold per tonne at its Philibert property in Quebec. The stock jumped. That result, in hole PB-25-490 from about 104 […]
Fidelity Predicts Gold Prices May Reach $4,000 by Year-End
Stock image. Gold prices could be heading towards $4,000 per ounce by the end of this year as the Federal Reserve begins to cut rates and the US dollar continues its decline, according to Canadian investment firm Fidelity. In an interview with Bloomberg on Tuesday, fund manager Ian Samson said his firm is still bullish […]
Majestic Gold Suspends Operations at Chinese Mine After Fatal Incident
Songjiagou open pit gold mine, Shandong, China. Credit: Majestic Gold China-focused Majestic Gold (TSXV: MJS) has suspended operations at its Denggezhuang (DGZ) underground mine in Shandong province, following a hanging wall incident that killed one of its employees. In a press release on Monday, the gold miner said the worker was struck by loose rock […]
Three Workers Rescued After 60 Hours Trapped in B.C. Mine
Red Chris mine. (Credit: Newmont) Three workers who were trapped at Newmont’s (NYSE, ASX: NEM)(TSX: NGT) Red Chris mine in northwest British Columbia, Canada, have been safely rescued after more than 60 hours underground. Newmont said that Kevin Coumbs, Darien Maduke and Jesse Chubaty — contractors for B.C.-based Hy-Tech Drilling — were in “good health and […]
Gold Stocks’ Fall Surge of 2025
Stock image. The gold miners’ stocks have enjoyed a stronger summer, gradually grinding higher. Several major new secular highs have been achieved, and investor interest is slowly mounting. This is quite a bullish setup heading into gold’s seasonal autumn rally, which is usually fueled by outsized Indian demand. Naturally gold stocks tend to leverage their […]
High Prices Suppress Gold Demand in Major Asian Markets; India Increases Discounts
Physical gold demand in key Asian hubs was subdued this week, as rising prices dampened sentiment, prompting dealers in top consumer China and India to offer steep discounts to attract buyers. Indian dealers offered discounts of up to $15 an ounce over official domestic prices this week, which include a 6% import and 3% sales […]
Resolute Releases Initial Resource Estimate for Satellite Deposit Near Senegal Mine
Mako mine in Senegal. Credit: Resolute Mining Resolute Mining (ASX, LSE: RSG) published on Thursday an initial resource estimate for the Bantaco project near its Mako open-pit gold mine in Senegal, where mining is due to end soon and stockpile processing is expected to begin this month. Bantaco is one of two potential satellite deposits […]
G Mining Secures Court Approval to Move Forward with Gurupi Project in Brazil
Gurup is a district-scale gold project located in northeastern Brazil. Credit: G Mining Ventures G Mining Ventures (TSX: GMIN) has scored a legal victory in Brazil that grants it permission to advance the Gurupi gold project. On Wednesday, the Canadian gold miner announced that a federal agrarian court in Maranhão, northeastern Brazil, has ruled in […]
Gold Prices Rise 1% Amid Trade Uncertainty and Weakness in US Bonds
Stock image. Gold prices climbed another 1% on Tuesday, as trade uncertainty and declining US bond yields continue to boost the precious metal’s appeal to investors. Spot gold hit an intraday high of $3,430.41 per ounce in the morning, its highest in five weeks. By 11:30 a.m. ET, it traded at $3,430.41 for a 0.9% […]
Anglo Asian Launches Copper Production at Demirli Mine
Demirli mine, Anglo Asian’s newest producing asset. Image supplied by Anglo Asian Mining. Anglo Asian Mining (AIM: AAZ) is moving further along in its pathway of achieving mid-tier copper producer status following the successful commissioning of a second producing mine this year. On Monday, the Azerbaijan-focused miner announced that the Demirli mine located in the Karabakh […]