Rio Tinto’s Kennecott starts drilling at Frisco

Global miners have been cutting spending on new projects and expansions since 2012.

But ETF investors continue to pull out – GLD has lost 65 tonnes since Trump victory.

Despite their huge correction, the elite silver miners’ fundamentals remain strong. They are producing at costs far below prevailing silver levels, with profits poised to soar as silver recovers.

Barrick Gold's (NYSE,TSX:ABX) quest to find a buyer of the Kalgoorlie "Super Pit" has taken another intriguing turn.

Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.

An estimated 220 pounds (100 kg) of the precious metal was located all around the home, including 5,000 gold pieces, two 26-pound bars and 37 smaller bars weighing two-pounds each.

Bob Moriarty of 321 Gold highlights BCGold, a company that he believes its promising land package in Peru makes it a good buy in this market.

A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.