Gold ETF selling slows

SolGold said that its Alpala project in Ecuador's Cascabel region was around double the size and grade quality it was known to be in December 2017.

Local gold prices were trading near their lowest since Oct. 1, as an appreciation in the rupee made buying overseas cheaper.

Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.

Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.

The Zimbabwean miner claims it has failed to receive $48m due in payments from the central bank for its sales in dollars, suffering losses of $44m due to lost production.

The project consists of 96 claims that occupy 1,940 acres.

They don’t call it “Windfall” Lake for nothing.

The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.

The Marathon deposit has the potential to develop an underground mine but for now management believes it’s more cost-effective to find open-pit resources at US$10 per ounce rather than more costly underground resources.