Kirkland Lake Gold reports ‘exceptional’ gold grades at Macassa

Gold eked out a positive March quarter, returning close to 1.3 percent, while the S&P 500 Index posted its first negative quarter since 2015.

Contact has been made with three of the workers trapped at the company's Masakhane gold mine.

The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.

Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.

Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based upon the 20-day average price of the stock.

Precious metals expert Michael Ballanger discusses the gold and silver ratio.

The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.

Egyptian billionaire Naguib Sawiris believes gold prices will rally further, while “overvalued” stock markets crash.

The two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.