Kirkland Lake sells stake in Osisko, divests in Novo

Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China.

Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows.

Owner, Australian Kingsgate Consolidated, will begin arbitration under the Thailand-Australia Free Trade Agreement (TAFTA) to try to recover “the substantial losses” it has incurred.

Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.

The Tanzanian gold producer, majority owned by Barrick, has been locked in a months-long dispute with the local government.

The two employees were fatally injured as a result of contact between a haul truck and a van at the mine. Other eight individuals involved in the incident were taken to hospital with minor injuries and were subsequently released.

Shareholders of miner Stratex International blocked reverse takeover of Australian-listed Crusader Resources and voted CEO Marcus Engelbrecht out of office.

Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.

Total gold consumption, including jewellery and bullions but excluding the central bank’s purchases, rose 16% to 815.9 tonnes in the first nine months of the year.