Tag Archives: Gold

Gold Ends Firmer on Weaker U.S. Dollar and Some Safe-Haven Demand

(Kitco News) – Gold prices ended the U.S. day session modestly higher Monday. The precious metal was given a boost by a weaker U.S. dollar index. There was also some fresh safe-haven buying interest in gold Monday as North Korea’s leader continues to make threatening comments toward the U.S. and South Korea. June Comex gold last traded up $4.20 at $1,599.90 an ounce. Spot gold was last quoted up $2.00 at $1,600.00.  May Comex silver last traded down $0.353 at $27.97 an ounce.



Fortuna Silver’s San Jose Mine Mill Expansion A Small Part Of A Bigger Picture

In Southern Mexico, Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) has been quietly and steadily building its San Jose Mine, moving it from an exploration project to a growing commercial silver and gold producing mine.


Fluor Awarded New Mining Work at Barrick Gold’s Pascua-Lama Site

IRVING, TEXAS — Fluor Corporation (NYSE: FLR) announced today that the company was awarded a series of follow-on contracts from Toronto-based Barrick Gold Corp for new scopes of work at the Pascua-Lama mining project located on the Argentina/Chile border. Fluor booked the undisclosed value into backlog in the fourth quarter of 2012.

Russia emerges as world’s top gold buyer, adding 570 metric tons in last decade

Over the last decade Russia’s Central Bank acquired 570 metric tonnes of gold. The amount is almost triple the weight of the American Statue of Liberty and makes Russia the world’s biggest buyer of gold.



Rio Tinto considers restarting Papua New Guinea copper mine

Rio Tinto is looking into restarting its Panguna mine in Papua New Guinea, one of the world’s largest sources of copper and gold.


Silver Wheaton in $1.9 billion stream deal with Vale

Silver Wheaton Corp said on Tuesday it had signed a $1.9 billion deal with Brazil’s Vale SA to acquire a share of the gold produced at some of the company’s mines in Brazil and Canada.



More than just costs are a concern at Barrick Gold’s $8.5B Pascua-Lama megamine

But what happens up here in Pascua-Lama, where Canadian mining giant Barrick Gold is developing the first open-pit gold mine to straddle two countries, will have a huge impact on the people living in the valleys below on both sides of the border — for better or for worse.



Xstrata mine in Philippines set back to 2019

MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.



Sudan to produce 50 tonnes of gold this year, earning $2.5 bln

KHARTOUM, Nov 27 (Reuters) – Sudan expects to produce around 50 tonnes of gold this year, earning $2.5 billion, its mining minister said, as the country seeks to offset the loss of most oil reserves when South Sudan became independent last year.



Laterite Ore Processing

Some of the world class Nickel Laterite ore deposits have Cobalt, Copper and PGE values. Recovering all these metal values in a single refining step is a major challenge. Carbonyl Vapor Metallurgical process is a viable technology to over come this challenge, and also Feasibility Study shows better economics in refining laterite ore via Carbonyl Technology. The technology is a better option for low grade laterite ore as well.


CVMR Carbonyl Process