First Mining partners with Big Ridge on Newfoundland gold project

Underground drilling has confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings.

Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country's natural resources sector on Wednesday, but said major reform would not take effect for years.

Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the proposed restructuring of the South African company's gold mining operations, following financial losses at some of its mines since 2017.

The Ministry of Energy, Northern Development and Mines issued 10 exploration permits to the junior miner.

Government officials said they expect first exports from large-scale mining to be delivered before year-end.

Tuesday’s Supreme Court ruling halts 44 mining projects nearby or on bodies of ice that are being evaluated.

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank, prompting the lender to take control of the precious metal which was used as collateral.

The project contains one of the largest in-situ gold reserves and resources owned by an independent junior mining company in South America.

The Bank of Russia made the change to its pricing policy this year, saying it would buy from dealers at a level slightly below the benchmark London gold price.