Editorial: Central banks are major gold buyers in 2019
With the gold market’s supply and demand numbers coming in for the first two to three months of 2019, one of the features of this year that’s coming into focus…
Asia
CESCO Week: Deficits delayed in global copper market
SANTIAGO, CHILE — Mention electric vehicles and copper industry executives’ eyes dazzle like the headlights on a Tesla. As electric motors and lithium batteries replace combustion engines, cars, buses and…
Walkabout Resources secures Asian buyers for its large flake graphite
With its second binding offtake agreement in two weeks, Walkabout Resources (ASX: WKT) has secured the sale of 75% of its large flake graphite concentrate for the first three years…
Turquoise Hill income surges in 2018
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of US$394.3 million — a 255.4% jump over 2017’s US$110.9 million — driven by an increase in gold production and…
Newmont rejects Barrick takeover, suggests Nevada JV
Barrick Gold (TSX: ABX; NYSE: GOLD) is attempting to “bite off substantially more than it can chew,” and has “a poor M&A track record,” Newmont Mining (NYSE: NEM) CEO Gary…
OceanaGold reports maiden resource for WKP in New Zealand
OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand. WKP…
OceanaGold reports $124M profit for 2018
OceanaGold (TSX: OGC; ASX: OGC) reported annual revenue in 2018 of US$773 million and net profit before unrealized gains or losses on undesignated hedges of US$124 million. Earnings before interest, tax,…
OceanaGold forecasts similar production, slightly higher costs
OceanaGold (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 oz. of gold and 14,000 to…
Turquoise Hill production guidance levels off in 2019
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ)…
Odds ‘n’ Sods: The treasure of Leija Cave
After spending 17 years with Newmont Mining as a senior exploration geologist, and being transferred twice in the same year (1997), I decided it was time to strike out and…
US markets rise, Dec. 24-28
The gold price continued a strong December push, rising 1.9% to US$1,280.40. The Philadelphia Gold and Silver Index rose 1.4% to 69.68 and the Dow Jones Industrial Average rose 2.7%…
Fruta del Norte, Cobre Panama lead wave of new 2019 mines
As a new year approaches, The Northern Miner runs down 15 of the most interesting new mines scheduled to begin production in 2019. Fruta del Norte (gold) Lundin Gold The Fruta…