gold

Gold prices have reached eight-year highs, breaking through $US1800 ($2603) an ounce for the first time since 2011.

Tasmania’s Beaconsfield gold mine has been officially revived by NQ Minerals after the company finalised its acquisition of the site yesterday.

Barrick Gold has flagged massive job losses at the Porgera gold mine in Papua New Guinea after the country’s government refused to extend a mining lease at the site in April.

Avi Kimelman has been charged with insider trading offences at the Magistrates Court of Victoria, following his resignation as a Nova Minerals company director last week.

The Australian Government has injected $125 million into expanding Geoscience Australia’s Exploring for the Future minerals exploration program to strengthen the resources sector.

Northern Star Minerals has divested its Mt Olympus project, part of the Ashburton gold project in Western Australia, to Kalamazoo Resources for $17.5 million.

Horizon Minerals is set to complete a pre-feasibility study of the Richmond-Julia creek vanadium project in Queensland after receiving prospective drilling results from the site’s Lilyvale deposit.

Bellevue Gold has uncovered impressive grades after kicking off its maiden drilling program at the Government Well prospect in Western Australia.

Shanta Gold has tapped the resource estimation powers of Micromine to confirm the presence of an impressive gold reserve at its Singida project, in central Tanzania.

Newmont has significantly reduced greenhouse gas emissions across its operations, with the company’s 2019 sustainability report showing that it has almost fulfilled this year’s targets.

CSIRO has discovered that distinctive rock patterns in the Yilgarn province in Western Australia could indicate the presence of gold deposits.

Chalice Gold Mines has received strong backing for the next stage of the Julimar project in Western Australia, raising $30 million.

Gold may have been making headlines for high prices and being a safe haven for investors, but S&P Global Market Intelligence has reported a decade of underperformance for gold discoveries.

Alacer Gold has merged with Canada’s SSR Mining through a $2.6 billion buyout deal, capitalising on a global surge in gold prices.

The gold industry is faring well during the coronavirus pandemic that is affecting so many other industries around the world, according to Resources Monitor’s latest report.

Despite extreme volatility in equities markets, gold remains on the radar of many investors as it continues to trade above $US1700 ($2635) per ounce.

Not many commodities are as good as gold when a crisis hits. Australian Mining speaks with the World Gold Council and The Perth Mint about the past, present and future of the precious metal.

Emmerson Resources has formed a partnership with NT Bullion to boost the Northern Territory’s gold mining prospects in the Tennant Creek area.

PepinNini Lithium has changed direction to prioritise its Australian-based assets after suspending the company’s flagship Salta lithium project in Argentina.

Papua New Guinea has swooped in to take control of Barrick Gold’s Porgera gold mine after refusing to extend a special mining lease with the Canadian company.