Ely expands Tonopah West property in Nevada

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

It's actually made of 494g of silver and just 6g of the precious yellow metal.

Gold has been trading inversely to equities – and, consequently, the yellow metal stands to gain much when Wall Street tumbles, an outcome that seems increasingly likely as world stock markets edge higher.

World's number two gold producer's second quarter results ticks all the boxes as it throws off $486 million in free cash in its second quarter.

In 2012, gold explorers spent a record breaking $6 billion in exploration. The outcome? Just 4 major discoveries over the following 3 years!

Gold hit a three-week low in early US trading Wednesday, but analysts believe the overall trend is upward.

Since it was formed in 2007, B2Gold has built two new gold mines and bought two others.

Speaking at a regular briefing, Bristow said that, as anticipated, the complexity of dealing with multiple ore types from different sources had affected throughput, recovery and grade in the first half of the year.

Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.