Zijin Mining Targets $1.5 Billion through Convertible Bonds Amid Rising Gold Prices
Zijin Mining Group Co. has raised $1.5 billion from the sale of bonds that can be converted into stock as the price of gold hits record highs. The Chinese miner offered convertible bonds due 2031 at zero coupon, according to a stock-exchange filing on Friday. Zijin Mining plans to use proceeds to fund capital expenditure […]
Minaurum Unveils Resource Estimate for Alamos Silver Project in Mexico
Alamos project area in Sonora, Mexico. Image from Minaurum Silver. Minaurum Silver (TSXV:MGG) announced Wednesday it has completed an inferred mineral resource estimate (MRE) at its 100%-owned Alamos silver project in Sonora, Mexico. The resource totalled 5.37 million tonnes grading 202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, and 2.01% zinc, or 320 g/t in silver equivalent. The contained metals are 34.8 […]
Tether Disrupts Gold Market with Substantial Metal Reserves
Image: Generation Grundeinkommen. There are roughly 370,000 nuclear bunkers in Switzerland, a legacy of the Cold War that are now rarely used. One of them, though, is a hive of activity. Every week, more than a ton of gold is hauled in to the high-security vault, owned by crypto giant Tether Holdings SA, which is […]
Options Traders Anticipate Further Gold Price Surge Following Break Above $5,000
Options traders are betting on a further rally in gold prices after the precious metal smashed through $5,000 an ounce for the first time ever. Bullion surged 2.5% to top $5,100 in a broad metals rally that’s fueled partly by the reopening of the so-called debasement trade, as investors shied away from sovereign bonds and […]
Novagold Reports Increased Costs and Net Value for Donlin Project in Latest Update
An employee works on drilling at the Donlin Gold project in Alaska. Credit: Novagold Resources. Novagold Resources (TSX: NG) says inflationary pressures mean its Donlin Gold project in Alaska will probably cost $9.2 billion – a 25% increase – while the value of the proposed mine has soared 66% on the back of higher commodity […]
Barrick’s North America Spin-Off Dependent on Newmont’s Approval
Canadian miner Barrick’s efforts to spin off its North American assets will hinge on the company’s joint venture partner Newmont, according to documents seen by Reuters and former Barrick executives that demonstrate a reversal of fortunes for two global mining companies. Denver-based Newmont’s power over Barrick’s strategy is a significant change from a few years […]
Hancock Prospecting and Maaden to Intensify Exploration Efforts in Saudi Arabia
Representatives from Maaden and Hancock Prospecting attended a Round 9 licence award ceremony held during the Future Minerals Forum in Riyadh on January 14. Submitted image. Australia’s Hancock Prospecting and Saudi Arabian state miner Maaden last month entered into a joint venture (JV) to accelerate exploration efforts in the Kingdom. To celebrate the JV […]
Indonesia’s Merdeka Gold Reportedly Engaging Banks for Hong Kong IPO
Indonesian miner PT Merdeka Gold Resources has hired investment banks to work on its listing in Hong Kong, according to people familiar with the matter, as gold prices are scaling fresh heights. The company, a unit of PT Merdeka Copper Gold that went public in Jakarta in 2025, is working with Citic Securities Co., Morgan […]
Gold Prices Continue Soaring, Eyeing $4,900 Mark
Stock image. Gold extended its record rally to almost $4,900 per ounce on Wednesday, as geopolitical tensions surrounding Greenland and a meltdown in Japanese government debt kept safe-haven demand elevated. Spot gold spiked as much as 2% to a record $4,887.19 per ounce before paring some gains. This marks the first time ever that gold […]
Bolivia Strengthens Gold Purchasing Regulations Following Previous Irregularities
Stock image. Bolivia’s central bank has resumed purchases of domestically mined gold to bolster foreign reserves, introducing a new US dollar reference price and stricter guidelines to avoid irregularities. President Rodrigo Paz, a center-right leader who took office on Nov. 8 after two decades of socialist rule, is seeking to preserve the benefits of state […]