Mining veteran and Goldcorp founder, Rob McEwen, bought 500,000 shares in the Toronto-based explorer on the open market to bring his stake to 7.8 million shares or 12.4% of the company.
The government of British Columbia has rejected plans for a combined copper-gold mine in the province's north-west due to fears it could threaten salmon populations in the Skeena River.
Renowned investor and Bloomberg regular Michael Pento says the US Federal reserve has "doubled down on QE3 this morning and unofficially announced QE4."
South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production a week.
Australia's largest gold miner Newcrest will pour a total of $3.3 billion into its East Cadia copper-gold project, the subject of a lawsuit from a well-connected privately owned explorer.
Newcrest Mining (ASX:NCM) is accused of licensing breaches by a private exploration company seeking to scupper the gold mining giant's $2 billion Cadia East project.
The closure of AngloGold Ashanti's (NYSE:AU) nation-wide operations and Lonmin's concessions to striking workers (LSX:LMI) have raised concerns that unhealthy precedents are being set for future industrial unrest.