Condor granted permit to develop third pit at La India

Experts say Ghana's government is unlikely to do anything before the upcoming presidential election on Dec. 7 for fear of losing votes.

The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. It also cut its 2016 production target.

It does not really matter who wins the election — gold is poised for over a 325% gain in the years ahead because of the mess that both political parties and the Federal Reserve have created in the past.

Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.

Researchers at the Canadian University of British Columbia (UBC) have isolated organisms that cause acid-rock drainage in mining operations.

Total production for Q3 was 36,496 gold equivalent ounces using gold to silver ratio of 75:1.

Spot gold was up 0.2% at $1,255.42 an ounce.

Independent investigation says the country has not complied with international laws, reacting too slowly and doing too little about the polluting effects of 130 years of gold mining near Johannesburg.

Prices have dropped sharply over the past month, from $1,350 an ounce to $1,241.20 last week, its lowest since early June.