Klondex Mines (TSX:KDX), working to put its Fire Creek gold project in Nevada into production, on Wednesday said it will pay Newmont Mining (NYSE:NEM) about $83 million for its Midas mine and milling facility in the same state.
Articles Tagged "NYSE:NEM"
In another down week for gold, Barrick decided enough is enough at Pascua Lama, and temporarily suspended construction at the troubled mega-project.
Here are five companies mining the precious metal Down Under.
The renowned exploration geologist offers some hope for junior gold investors who are willing to be patient.
The chickens are coming home to roost for some major gold companies that are having to take significant hits on asset valuations.
It is like a carrot on a stick for small-cap mining investors: the promise that we have finally hit bottom and can expect gold prices and stocks to begin to emerge again. That time is almost here, according to Ron Struthers, the publisher and editor of Struthers' Resource Stock Report. In this interview with The Gold Report, Struthers discusses how a run on bullion banks has played with the gold price and which indictor is telling him things are about to move. If Struthers' forecast is right, the market could be on the cusp of one of its best corrections yet.
The Grasberg mine in Indonesia, the Yanacocha mine in Peru and the Goldstrike mine in Nevada are the three largest gold mines in the world.
Gold approached $1,300 an ounce Thursday following remarks from US Fed Chair Ben Bernanke suggesting a continuation of the central bank's stimulus program.
Gold investors held on for a long, scary ride in the markets on Thursday as gold broke through $1,300 an ounce and plumbed two-and-a-half-year lows.
Economic tailwinds in the US, combined with no new monetary stimulus in Japan, kept gold under $1,400 this week.