Pure Gold on track to open Red Lake mine this year

When Nevada became a state in 1864, an estimated 60 million acres were available for mineral entry in Nevada, of that total 16 million acres have been withdrawn.

The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

Investors pulled nearly 17 tonnes from GLD on Friday as gold price bulls lose confidence.

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

Exploration by Randgold Resources, which owns and operates the Tongon gold mine in Côte d’Ivoire, continues to highlight exciting possibilities for further investment in the country, chief executive Mark Bristow said here today.

The investment will extend the life of the mine by eight years to 2024, in which the firm expects to produce 1.56 million ounces of gold there.

Taking as an example what’s happening at the Malartic mine in Quebec, the watchdog presented “conservative estimates” on possible actions against the gold and copper project in B.C.

Haywood believes that “conditions are ideal” for investment in the gold industry.