Brazil negotiates mining investments with Saudi Arabia – minister

Gold investors have vanished, at least American stock-market ones.

"That $2,000 point, and those technicals, they start to impact some areas of demand for gold," says WGC strategist Joe Cavatoni.

Half-year profit declined 54% mainly due to higher costs and mandatory environmental provisions in Brazil.

The mine was placed on care and maintenance in April 2020.

Regulatory concerns over the project have been reduced to almost zero, CEO said.

Despite the latest feasibility study outlining the potential for a larger, longer lasting, and cost-efficient operation, it comes at an 87% higher price tag.

Russia gets around a third of its budget revenues from the oil and gas industry.

One hole averaged 2.47 g/t gold over 553.8 metres from bedrock surface.

Newmont has become its largest controlling shareholder following a $1.8m investment.