Gold price set for first quarterly decline since 2018

Gold deliveries to central bank unit Fidelity Printers and Refiners, which buys all the country's gold, declined to 6.5 tonnes from 7.3 tonnes during the January-March quarter.

By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.

The Vancouver-based miner is exploring the past-producing Idaho-Maryland gold mine, located near Grass Valley in northeastern California.

The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

American researchers proved that a purification method that dates back to the 10th Century still works.

The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.

Ecuador has attracted a flurry of interest from big miners eager to increase their exposure to copper.

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.