gold

Spot gold prices have risen to a high of $US1759.70 ($2298.06) per ounce on Thursday, reaching its highest point in over a month.

Ramelius Resources has achieved its quarterly production target despite an unplanned shutdown at the Edna May gold mine in Western Australia last month.

First Quantum Minerals has partnered with Dreadnought Resources to develop the Mangaroon gold and base metals project in the Gascoyne region of Western Australia.

OceanaGold has increased its gold reserves for 2020 following a string of exploration activities across its New Zealand and United States assets.

Ok Tedi Mining has resumed mine operations at its namesake copper-gold-silver mine in Papua New Guinea (PNG) today after a surge in the country’s COVID-19 cases prompted a two-week suspension on March 19.

COVID-19 has greatly impacted the Australian mining sector and the wider capital equipment industry. State lockdowns and the threat of COVID-19 forced many mining companies to make tough decisions regarding health screening and sanitisation, as well as face external pressures such as travel restrictions, fieldwork interruptions and contractual or joint venture obligations.

Australia’s Resources and Energy quarterly report has predicted a record $296 billion in exports for the 2020-21 financial year as the likes of iron ore and gold overcome the impact of COVID-19.

Calidus Resources has completed all early works at the Warrawoona gold project in Western Australia as the company enlists GR Engineering to construct the site’s process plant.

Since film photography became obsolete, silver has been a bridesmaid commodity for the more favoured gold. Here, three silver companies discuss the new industrial trend that is driving the commodity back into popularity.

Ok Tedi Mining has temporarily shut its copper-gold operations in Papua New Guinea following the country’s surge in COVID-19 cases and the ban on fly-in, fly-out (FIFO) travel between Australia.

Northern Star Resources has agreed to acquire the Kurnalpi gold project in the Kalgoorlie region of Western Australia from KalNorth Gold Mines for $18 million.

Australia’s mining industry is being encouraged to diversify its export markets beyond key commodities such as iron ore and gold.

IGO has reported a 9 per cent increase to its mineral resource estimate (MRE) for its share in the Tropicana joint venture project in Western Australia due to increased gold prices last year.

Newmont Corporation has agreed to acquire Canadian miner GT Gold Corp for $US311 million ($402 million) in a deal that will bolster its copper-gold output.

Fitch Solutions has downgraded its gold price forecast for this year as prices of the yellow metal have trended towards a seven-month low.

Australia’s mineral exploration expenditure has risen by 2.5 per cent in the December 2020 quarter, according to Australian Bureau of Statistics (ABS) data.

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Horizon Minerals has completed its final milling campaign from trial mining at the Boorara gold mine in Western Australia, with an updated mineral resource estimate to be released this year.

Silver Mines has requested a bigger upfront payment from Thomson Resources for the sale of the Webbs and Conrad silver and polymetallic projects in New South Wales.

OceanaGold is expecting its gold production to increase by 20 per cent this year to between 340,000 to 380,000 ounces.