A call on Friday by South Africa's mineral resources minister, Susan Shabangu, for more sustainable methods of sealing up old shafts in a bid to stem the tide of illegal gold mining comes hard on the heels of harsh words from Sibanye CEO, Neal Froneman …

Incline shaft extensions and other passages reached a depth of 10,500 feet from the surface. Hard-rock gold mining began here and experienced far-reaching innovations, allowing years of sustained and profitable production. In 1942, by order of the …

Indeed the only sounds at the base of La Bufa Mountain are the muffled clang of machinery deep inside the mountain side and the subdued bustle of workers at the mining camp — the typical sounds of honest silver mining. A century ago, however, it was …

Chicago, IL – Feb 21, 2014 — (Tech Sonian) –U.S. stocks advanced, with the Standard & Poor's 500 Index extending a third week of gain, as better-than expected results at companies from Intuit Inc. to Priceline.com Inc. overshadowed a drop in home sales.

Despite the impairments, Newmont CEO Gary Goldberg said the company “achieved the top end of our gold production guidance of 5.1 million ounces, brought Akyem and the Phoenix Copper Leach operations into commercial production on time and on …

Senators change minds, halt gold mine's tax cut. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. Posted: Thursday, February 20, 2014 11:13 pm. Senators change minds, halt gold mine's tax cut By …

The Virginia project contains high grade silver mineralization at-surface occurring principally as the mineral acanthite, in shoots amenable to open-cut development similar to AngloGold Ashanti's Cerro Vanguardia gold-silver mine in Santa Cruz Province.

Fortuna Silver Mines logo Eurobank EFG downgraded shares of Fortuna Silver Mines (NYSE:FSM) from a buy rating to a hold rating in a research report released on Thursday, AmericanBankingNews.com reports. They currently have C$5.00 target price on …

In our complete Q3FY13 cost analysis, we went over a number of the industry's all-in costs to mine an ounce of gold in Q3FY13 and discussed one of the most important metrics to analyze the gold industry, the actual cost of mining an ounce of gold …

Harmony Gold Mining logo Harmony Gold Mining (NYSE:HMY) was upgraded by equities researchers at EVA Dimensions LLC from a “hold” rating to an “overweight” rating in a research report issued on Friday, American Banking & Market News reports.

Hecla Mining Co. (NYSE:HL) announced its results for the fourth quarter of 2013 as well as for 2013 as a whole, commenting that its revenue for the full year came to $382.6 million, while its gross profit came to $66.1 million “with a net loss to …

The co-manager of the Encompass Fund says it's a great time to invest in gold miners; there's a jump in merger activities in the sector as well as hostile takeover attempts, which be a sign that higher gold prices are ahead. Adam Koos of Libertas …

Yet today, we saw an unusual disparity between the two markets, as gold, silver, and the platinum-group metals all posted modest spot-price gains, but the Market Vectors Gold Miners ETF fell by half a percent. Admittedly, gold's gains weren't all that …

In response to this gain, Silver Wheaton's (SLW) stock price appreciated by almost 21% year-to-date. Silver Wheaton enters into purchase agreements with mining companies that produce gold or silver as by-products. Silver Wheaton pays the mining …

Yet today, we saw an unusual disparity between the two markets, as gold, silver, and the platinum-group metals all posted modest spot-price gains, but the Market Vectors Gold Miners ETF (NYSEMKT: GDX ) fell by half a percent. Admittedly, gold's gains …

Commodities It's been a tough bear market for the gold and silver miners. The Philadelphia Gold & Silver Miners Index (XAU) reached a weekly high in April 2011 (225.79) and declined some 64% peak to trough by December 2013 (weekly low 80.43).

Since gold was discovered in 1886 near what is now Johannesburg, South Africa has become littered with almost 6,000 abandoned mines that companies have exhausted for reserves that can be extracted profitably. Illegal miners re-enter the shafts …

Although Harmony Gold Mining Co. (HMY – Analyst Report) is up over 17.7% in the past four weeks, investors may be concerned. After all, HMY is now in overbought territory, at least when looking at its RSI value of 71.2. If that wasn't enough, investors …

Avino Silver & Gold Mines (TSX-V:ASM, StockForum), a Vancouver-based firm engaged in the production and sale of gold and silver, and the exploration, development and acquisition of mineral properties, announced today that the company had executed an …

In this article I'll have a closer look at Hecla Mining (HL) which has just released its results for 2013 and an outlook for 2014. I'll start with providing my view on the company's financial results and its balance sheet. Thereafter I will briefly …

California's Gold Rush may have started at Sutter's Mill in Coloma, but Empire Mine in Grass Valley proved to be among the largest gold-producing mines in the state. For more than two decades, the state historic park had plans to relive those glory …