Search results: price of gold

Palladium hit a record high on Tuesday, surging above $1,550 as a threatened strike by South African mineworkers added to supply risk concerns in an already tight market, while gold prices edged up on a subdued...

Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world’s second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets...

The Minerals Council South Africa on Friday expressed its concern about the consequences of The Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors. Fifteen companies have, so far, received notices of...

Zimbabwe is poised to become a mining giant in the Southern African region on the back of its vast mineral deposits and huge investments that favour the sector’s growth.United Kingdom based research firm, Fitch Solutions, sees...

Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job...

Gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs.The company is set to overtake Barrick Gold Corp as...

A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power tends to be unreliable in those mines, mining companies operating in the...

In an endeavor to eradicate an inflationary environment in Zimbabwe that can be said to have possibly been caused by the previous monetary policy which its aim was to stabilize the bond and create a stable...

South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions...

Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part...

The economy of Zimbabwe has become public discourse where expects have come to the conclusion that every Zimbabwean have turned themselves into economic analysts.By Rudairo D MapurangaHowever, for Zimbabwe to be back to full economic recovery...

Toronto Stock Exchange (TSX) listed Caledonia Mining Corporation, whose main and only producing asset is Zimbabwe based Blanket Mine, says successful exploration at the gold mine has extended the life of mine (LOM) from six to...