Alaska, USA About Blog We are a family
of gold miners operating from Quartz Creek, Alaska.
With the number
of gold miners growing explosively, the river was becoming more and more damaged.
Michael: Alfredo Jaar did a lightbox piece
of gold miners in Brazil.
Although sculptor Janet Goldner has spent most of her 35 year long engagement with Africa producing sculptures inspired by Mali, it was her stunning gold necklace exploring the working conditions
of gold miners in apartheid South Africa that caught Lowery Stokes Sims» attention.
Because the profitability
of gold miners depends on the prevailing market price for the goods that they sell, these stocks will generally exhibit a strong correlations to movements in spot gold prices.
If the price of gold goes up, the price
of gold miners very like goes up too, as does the ASX200 and the Australian dollar.
And his answer was that, at the price it was at, they wanted to have some representation, not in the physical metal itself, but in
some of the gold miners as a call option.
When we emerge, we're thousands of miles away, amongst an illegal band
of gold miners in the Suriname jungle.
«The history
of these gold miners is torrid, it's horrific; they are woeful capital allocators and suddenly we think they are all going to be great.»
He is selling equities and buying gold and the shares
of gold miners, including Canada's Barrick Gold Corp..
The board
of gold miner Ramelius Resources has given its approval to begin mining at the company's Vivien project near Leinster, while also announcing a $ 10 million facility secured with the Commonwealth Bank of Australia.
The board
of gold miner Doray Minerals has given the nod to proceed with developing its recently acquired Deflector project in the Murchison region as soon as it has received enough funding.
Former Gindalbie Metals managing director Tim Netscher is set to take the helm
of gold miner St Barbara, when Colin Wise retires from the role as non-executive chairman next month.
Not exact matches
In addition to such operating improvements, another source
of value improvement could be consolidation
of the junior
gold miners via mergers or acquisitions, particularly by senior producers seeking to replenish their reserves.
THE level
of exploration activity being undertaken by junior
miners in Africa is increasing, with Burkina Faso in particular coming more into focus as a promising
gold producer.
Sprott bought stocks in several junior
miners, two
of which — Kirkland Lake
Gold and Newmarket
Gold — merged to form a significant mid-market player in September 2016.
The
miner kept unchanged its 2018
gold production forecast
of between 4.5 million and 5 million ounces, which will put it behind rival Newmont Mining Corp..
Pilbara - focused
gold miner Millennium Minerals has reported good news in a gloomy industry with a maiden profit
of just over $ 34 million for the first half
of calendar 2013.
They also bought $ 25 - million (U.S.) worth
of call options on the Market Vectors Junior
Gold Miners ETF (GDXJ), leveraging their position beyond the two million shares they already held in the ETF.
While
gold prices are a long way from where they were at the height
of the 2000s commodities boom — a reality that's hurt many
miners — Barrick's wounds are mostly self - inflicted.
For more than a year, Chuck Jeannes, CEO
of Vancouver - based Goldcorp — the world's largest
gold miner by market value — has posited his «peak
gold supply» theory.
Mr Fotios said the $ 30 million placement would allow the
gold miner to progress a number
of projects
The idea is that if
gold continues to be below the cost
of mining, then
miners will stop mining and supply will disappear forcing
gold prices up.
Shares in
gold miner Ramelius Resources have risen for the second time in a week after the company announced it had struck a significant amount
of high - grade
gold at its Blackmans project in the Murchison region.
Gold miner Troy Resources has warned
of a big hit to its production guidance for 2016 after facing a number
of delays at its Karouni operation in Guyana.
Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full - year profit, on the back of higher gold prices and a reduction in co
Gold miner Northern Star Resources has increased its dividend payout after confirming a 65 per cent jump in full - year profit, on the back
of higher
gold prices and a reduction in co
gold prices and a reduction in costs.
Shares in junior
miner Excelsior
Gold were pummelled today after the company's new board revealed the full extent
of operational issues at its flagship Kalgoorlie North mine.
Regis Resources chairman Mark Clark has sold half
of his stake in the Perth - based
gold miner, pocketing just under $ 10.5 million.
Gold and nickel
miner Independence Group has posted a first - half loss
of $ 78 million on the back
of impairments and the acquisition
of Sirius Resources late last year.
The largest shareholder in Metals X has sold a big line
of stock and foreshadowed further sales, as the diversified
miner announced plans to invest $ 15 million developing its Fortnum
gold project.
Gold miner Troy Resources has flagged a net loss of $ 59.1 million on the back of a $ 61.2 million asset impairment of its Karouni gold project in Guy
Gold miner Troy Resources has flagged a net loss
of $ 59.1 million on the back
of a $ 61.2 million asset impairment
of its Karouni
gold project in Guy
gold project in Guyana.
Local
gold miner Red 5 says an earthquake registering 6.1 off the coast
of Surigao del Norte was a possible contributing factor to the collapse
of a wall into the open pit
of its Siana project in the Philippines last week.
The tussle for control
of Phoenix
Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one
of the
miner's largest shareholders, boosting its interest to 17.9 per cent ahead
of announcing a cash takeover bid that values the business at $ 47 million.
Perth - based
gold miner Millennium Minerals has negotiated $ 5 million in additional debt funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end
of this month.
Three aspiring
gold miners have announced an increase in projected free cash flow for their respective projects as a result
of the strong
gold price, coupled with falling fuel costs.
Global
miner Barrick
Gold has announced a deal with the Tanzanian government that involves a 50:50 sharing
of benefits from its operations in the country, prompting sharp price movements in local stocks exposed to the region.
Gold miner Resolute Mining has tapped investors for $ 150 million to fund the restart
of operations at its Ravenswood mine in Queensland.
Perth - based
gold miner Troy Resources says it expects to record an $ 87 million impairment in its full - year accounts, with the majority
of the charge attributed to the sale
of its Casposo project in Argentina.
Perth - based
gold miner Minera Gold has raised $ US1.55 million ($ A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief execut
gold miner Minera
Gold has raised $ US1.55 million ($ A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief execut
Gold has raised $ US1.55 million ($ A2 million) from existing shareholders and a new investor, while also announcing a number
of board changes that includes the retirement
of both its chairman and chief executive.
Two
of Western Australia's most successful
gold miners are competing to gain control of Tanami Gold's Central Tanami project, indicating the growing investor interest in the gold mining sec
gold miners are competing to gain control
of Tanami
Gold's Central Tanami project, indicating the growing investor interest in the gold mining sec
Gold's Central Tanami project, indicating the growing investor interest in the
gold mining sec
gold mining sector.
Gold miner Northern Star Resources has posted a steady quarterly result, with the company confident it will hit its 2018 output target
of 600,000 ounces per annum.
Local
gold miners Saracen Mineral Holdings, Silver Lake Resources and St Barbara reported a profitable six months, however shareholders won't be seeing any returns in the form
of dividends.
Perth - based
gold explorer Gascoyne Resources says the deterioration in market conditions was the reason for backing out
of a proposed alliance agreement with Canadian
gold miner Monument Mining.
Gold miner Doray Minerals has declared its off - market takeover
of Mutiny
Gold unconditional, after increasing its stake to 75.3 per cent.
Gold miner Troy Resources has launched a $ 40.7 million capital raising to shore up its balance sheet and fund further development
of its Karouni mine in Guyana.
Global
miner Newmont Mining will spend up to $ 120 million expanding its Tanami
gold project in the Northern Territory, including construction
of a second decline in the underground mine and upgrades to the plant's capacity.
The Sierra foothills are a very old wine - growing region because
of the
gold rush: The
miners would plant vines, harvest the fruit, ferment the grapes... it gave them something alcoholic to drink.
Troy Resources has become the latest Perth - based
miner to take a financial hit on the back
of a softer
gold price, reporting a half - year net loss
of $ 6.8 million.
The
gold and copper
miner, which also drills for oil and gas, has seen its bottom line dry up as the price
of each
of those natural resources has fallen sharply recently.
Gold miner Doray Minerals is hoping for a market re-rating after announcing a scrip takeover
of Mutiny
Gold today, but its goal
of becoming a two - mine mid-tier producer failed to impress the market.