Bear Creek announces $400 million credit facility for Peru project
(Kitco News) – Bear Creek Mining (TSX-V:BCM) announced earlier this week that it arranged a $400 million senior secured credit facility with BNP Paribas and Société Générale.
Ferrochrome production down 9% at Merafe
(Kitco News) – Merafe Resources (JSE:MRF) said earlier this week that its full-year ferrochrome production was down 9% due community unrest and increased electricity curtailments from Eskom.
Read moreNewmont sells Continental Gold stake for $260 million
(Kitco News) – Newmont (NYSE:NEM) today announced it completed the sale of its 19.9% equity stake and convertible bond in Continental Gold for $260 million in cash.
Read moreGold sharply up as U.S. stocks plummet in high volatility
(Kitco News) – Gold prices are sharply higher in midday U.S. futures trading Thursday, on keen safe-haven demand as the U.S. stock market is sharply down on the day.
Read moreGold should be at the top of every investors’ list – CRU
(Kitco News) – On an investment spectrum gold is at the top of the list, energy commodities at the bottom and base metals somewhere in the middle, according to one research firm.
Read moreSouth Australia gov’t offers $250,000 data challenge to find the ‘next Olympic Dam’
(Kitco News) – The South Australia government announced a competition for data specialists to interrogate its open-file datasets to uncover mineral discoveries in within the state’s Gawler Craton.
Read moreNewmont, Barrick trade up on gold
(Kitco News) – Newmont Mining and Barrick Gold are both at 52-week highs, gaining from gold’s big move higher.
Read moreFortuna Silver Mines wins stay of execution over mining concession
(Kitco News) – Fortuna Silver Mines, Inc. (NYSE: FSM; TSX: FVI) reported Thursday that the company has received a stay of execution preventing Mexican authorities from canceling the concession for the San Jose mine until the court makes a decision on t…
Read moreTeranga Gold, Barrick complete transaction for Massawa project
(Kitco News) – Teranga Gold Corp. (TSX: TGZ) said late Wednesday that it has completed the previously announced acquisition of a 90% interest in the Massawa gold project from a subsidiary of Barrick Gold Corp.
Read moreValue of gold held by ETFs surpasses 2012 high
(Kitco News) – The gold market achieved another record last month as the value of gold held in exchange-traded funds rose to an all-time high, according to the latest investment data from the World Gold Council (WGC).
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