Tag #Gold Mining

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dailymail.co.uk

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Apr 20, 01:10

Gold Rush 2.0: Soaring Prices Boost Pawnbrokers and Related Industries

Soaring gold prices above \$3,300 per ounce have fueled a \$15 billion investment surge in gold funds this year, prompting central banks to increase bullion reserves and boosting related industries like pawnbroking, where firms like H&T and Ramsdens are thriving due to increased demand for alternati...

Gold Rush 2.0: Soaring Prices Boost Pawnbrokers and Related Industries

Soaring gold prices above \$3,300 per ounce have fueled a \$15 billion investment surge in gold funds this year, prompting central banks to increase bullion reserves and boosting related industries like pawnbroking, where firms like H&T and Ramsdens are thriving due to increased demand for alternati...

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What are the immediate economic consequences of the recent surge in gold prices, and how does this impact global finance?

The soaring gold price, exceeding \$3,300 per ounce, has driven a \$15 billion investment in gold funds during the first quarter of 2025 and spurred central banks to amass bullion reserves. This surge is fueled by global uncertainty, mirroring the California Gold Rush where suppliers benefited greatly.

dw.com

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Mar 11, 19:16

Peruvian Amazon Peatland Destruction from Gold Mining Accelerates

A study using 35 years of NASA satellite data reveals that gold mining in Peru's Amazon has destroyed over 550 hectares of peatlands in the last two years, releasing significant amounts of carbon and exceeding the total destruction of the previous three decades; this jeopardizes climate change mitig...

Peruvian Amazon Peatland Destruction from Gold Mining Accelerates

A study using 35 years of NASA satellite data reveals that gold mining in Peru's Amazon has destroyed over 550 hectares of peatlands in the last two years, releasing significant amounts of carbon and exceeding the total destruction of the previous three decades; this jeopardizes climate change mitig...

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Climate Action

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What is the immediate impact of gold mining on Peruvian Amazon peatlands and its contribution to climate change?

A new study reveals that gold mining in Peru's Amazon has destroyed over 550 hectares of peatlands in the last two years, releasing 0.2 to 0.7 million tons of carbon into the atmosphere. This surpasses the total destruction from the previous three decades combined, highlighting the accelerating impact of mining on this vital carbon sink.

smh.com.au

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Feb 22, 22:08

Gold's 150% price surge attracts investors

Gold prices have increased by over 150 percent in five years, reaching $4600 per ounce due to its role as a safe haven asset during geopolitical instability; investors are increasingly interested in gold, but it shouldn't be the key growth asset in your portfolio.

Gold's 150% price surge attracts investors

Gold prices have increased by over 150 percent in five years, reaching $4600 per ounce due to its role as a safe haven asset during geopolitical instability; investors are increasingly interested in gold, but it shouldn't be the key growth asset in your portfolio.

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What are the primary drivers behind gold's significant price increase and its implications for investors?

The price of gold has surged over 150 percent in the past five years, reaching over $4600 an ounce. This rise is primarily attributed to its status as a safe haven asset during times of geopolitical instability, attracting increased investment.

smh.com.au

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Feb 10, 07:09

Star Minerals Accelerates Tumblegum South Gold Project Amidst Soaring Prices

Star Minerals is fast-tracking its Tumblegum South gold project in Western Australia, driven by a surge in gold prices to nearly $4,600 per ounce, prioritizing environmental approvals, and exploring third-party mining and toll treatment options to capitalize on the increased profitability.

Star Minerals Accelerates Tumblegum South Gold Project Amidst Soaring Prices

Star Minerals is fast-tracking its Tumblegum South gold project in Western Australia, driven by a surge in gold prices to nearly $4,600 per ounce, prioritizing environmental approvals, and exploring third-party mining and toll treatment options to capitalize on the increased profitability.

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How is Star Minerals mitigating risks and ensuring efficient development of the Tumblegum South project?

The rising gold price has made the Tumblegum South project, with its 45,000 ounces of gold resource, economically more attractive. Star Minerals' strategy includes securing environmental permits, negotiating with mining contractors for ore processing, and planning exploration drilling to further assess the deposit's high-grade gold lodes. This proactive approach aims to capitalize on the current market conditions and maximize profitability.

taz.de

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Jan 17, 10:07

South Africa's Mining Decline Fuels Illegal Gold Rush

South Africa's mining industry, once a pillar of its economy and a symbol of white supremacy, has drastically declined since the end of apartheid, leading to widespread unemployment and the rise of a massive, dangerous informal mining sector producing an estimated 21 billion Rand (1.4 billion Euros ...

South Africa's Mining Decline Fuels Illegal Gold Rush

South Africa's mining industry, once a pillar of its economy and a symbol of white supremacy, has drastically declined since the end of apartheid, leading to widespread unemployment and the rise of a massive, dangerous informal mining sector producing an estimated 21 billion Rand (1.4 billion Euros ...

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What are the direct consequences of the decline of South Africa's formal mining sector on employment and the economy?

Egoli", Johannesburg in isiZulu, and Pretoria form South Africa's economic heartland, established in the late 19th century by gold and coal mining. This industry, once employing almost 500,000, has shrunk to under 100,000 due to post-apartheid changes, leaving thousands unemployed and thousands of abandoned mines.

smh.com.au

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Jan 7, 07:07

Aguia Resources Poised for First Gold Pour in Colombia, Brazilian Phosphate Project Clears Legal Hurdle

Aguia Resources is preparing for its first gold pour at the Santa Barbara gold project in Colombia, aiming for 50 tpd production after processing 25 tonnes of ore, while its Brazilian phosphate project, previously hindered by legal issues, is now set to produce 100,000tpa, potentially expanding to 3...

Aguia Resources Poised for First Gold Pour in Colombia, Brazilian Phosphate Project Clears Legal Hurdle

Aguia Resources is preparing for its first gold pour at the Santa Barbara gold project in Colombia, aiming for 50 tpd production after processing 25 tonnes of ore, while its Brazilian phosphate project, previously hindered by legal issues, is now set to produce 100,000tpa, potentially expanding to 3...

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How did resolving the legal dispute in Brazil affect Aguia Resources' financial prospects and future plans?

The company's success at Santa Barbara demonstrates the potential of high-grade gold projects. The project's development, including underground mining and exploration drilling, aims to uncover more high-grade gold systems. This is crucial for sustainable long-term production and revenue generation.

forbes.com

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Mar 31, 22:17

Gold Miners Outperform Gold Amid Record Prices

Gold mining stocks are outperforming gold in 2024, with the GDX index up 28% versus gold's 19%, driven by record gold prices and improved operational leverage; however, historical underperformance due to poor execution and high costs remains a factor.

Gold Miners Outperform Gold Amid Record Prices

Gold mining stocks are outperforming gold in 2024, with the GDX index up 28% versus gold's 19%, driven by record gold prices and improved operational leverage; however, historical underperformance due to poor execution and high costs remains a factor.

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What factors are driving the current outperformance of gold mining stocks compared to gold prices, and what are the immediate implications for investors?

Gold mining stocks are significantly outperforming gold itself in 2024, with the GDX index up 28% compared to gold's 19% gain. This follows years of underperformance, driven by factors like poor execution and high costs. The recent surge is fueled by record gold prices and expectations of increased earnings.

foxnews.com

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Mar 4, 01:11

3,000-Year-Old Egyptian Gold Mining Complex Unearthed

A 3,000-year-old gold mining complex, unearthed near Egypt's Sukari Gold Mine, has yielded ancient homes, workshops, baths, and artifacts including pottery, statues, and coins, offering valuable insight into ancient Egyptian mining techniques, social life, and economic activity.

3,000-Year-Old Egyptian Gold Mining Complex Unearthed

A 3,000-year-old gold mining complex, unearthed near Egypt's Sukari Gold Mine, has yielded ancient homes, workshops, baths, and artifacts including pottery, statues, and coins, offering valuable insight into ancient Egyptian mining techniques, social life, and economic activity.

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Sustainable Cities and Communities

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How does the discovery of this mining complex contribute to our knowledge of ancient Egyptian urban planning, social structures, and economic activities in the Eastern Desert?

This discovery connects to broader patterns of ancient Egyptian mining practices and urban development in the Eastern Desert. The sophisticated infrastructure and diverse artifacts illuminate the complexity of ancient Egyptian society and its ability to organize large-scale industrial operations. The presence of living quarters, religious spaces, and administrative buildings suggests a well-established community.

elpais.com

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Feb 16, 10:10

Bolivian Gold Boom: Environmental Costs and Exploitative Labor

Rising gold prices have driven a mining boom in Bolivia's Los Yungas region, causing environmental damage and exploitative labor practices within cooperatives, where miners work up to 15 days straight for low, uncertain pay, hoping to become shareholders.

Bolivian Gold Boom: Environmental Costs and Exploitative Labor

Rising gold prices have driven a mining boom in Bolivia's Los Yungas region, causing environmental damage and exploitative labor practices within cooperatives, where miners work up to 15 days straight for low, uncertain pay, hoping to become shareholders.

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What are the immediate economic and social consequences of the gold mining boom in Los Yungas, Bolivia?

In Bolivia, miners work grueling 12-hour shifts for low daily wages, saving to become shareholders in mining cooperatives. This reflects a broader trend of gold mining expansion in traditionally agricultural areas like Los Yungas, driven by rising gold prices.

smh.com.au

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Jan 20, 07:11

Marmota's Aurora Tank Gold Project: 73% Increase in Gold Grades

High-precision testing at Marmota Ltd.'s Aurora Tank gold project in South Australia's Gawler Craton increased gold grades by 73%, from 50 g/t to 87 g/t, confirming high-grade potential and boosting confidence for resource estimation and future production. This follows a previous November 2024 annou...

Marmota's Aurora Tank Gold Project: 73% Increase in Gold Grades

High-precision testing at Marmota Ltd.'s Aurora Tank gold project in South Australia's Gawler Craton increased gold grades by 73%, from 50 g/t to 87 g/t, confirming high-grade potential and boosting confidence for resource estimation and future production. This follows a previous November 2024 annou...

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How did the BLEG testing address concerns about the "nugget effect", and what impact does this have on resource estimation and economic feasibility?

The positive results from the BLEG testing demonstrate minimal "nugget effect", a common issue in gold exploration that can skew assay results. The consistent high-grade results across five separate BLEG tests, ranging from 72 g/t to 94 g/t, support the company's claim of continuous high-grade gold mineralization. This increased confidence allows for more accurate resource modeling and feasibility studies.

lemonde.fr

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Jan 14, 13:07

Malian Junta Seizes Gold Stocks at Barrick Gold Mine, Threatening Operations

On January 13th, the Malian junta seized gold stocks from Barrick Gold's Loulo-Gounkoto mine, escalating a revenue-sharing dispute that has already blocked gold exports for over seven weeks; this action threatens to suspend operations at one of the world's largest gold complexes, significantly impac...

Malian Junta Seizes Gold Stocks at Barrick Gold Mine, Threatening Operations

On January 13th, the Malian junta seized gold stocks from Barrick Gold's Loulo-Gounkoto mine, escalating a revenue-sharing dispute that has already blocked gold exports for over seven weeks; this action threatens to suspend operations at one of the world's largest gold complexes, significantly impac...

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How does this gold seizure relate to the broader context of political instability and foreign investment in Mali?

The seizure reflects the Malian junta's increasing pressure on foreign mining companies, aiming for a larger share of mining profits. This is occurring amidst a broader context of instability, including jihadist conflict and economic challenges. The conflict highlights the complex relationship between resource extraction and political instability in the Sahel region.

lemonde.fr

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Jan 6, 22:09

Mali's Gold Mine Seizure Threatens Barrick Operations

On January 6th, the Malian junta ordered the seizure of Barrick Gold's gold stock at the Loulo-Gounkoto mine, prompting Barrick to threaten operational suspension within a week unless the issue is resolved. This follows months of conflict over revenue sharing and accusations of corruption, impacting...

Mali's Gold Mine Seizure Threatens Barrick Operations

On January 6th, the Malian junta ordered the seizure of Barrick Gold's gold stock at the Loulo-Gounkoto mine, prompting Barrick to threaten operational suspension within a week unless the issue is resolved. This follows months of conflict over revenue sharing and accusations of corruption, impacting...

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What are the immediate consequences of the Malian government's seizure of Barrick Gold's gold stock at the Loulo-Gounkoto mine?

Barrick Gold, a Canadian mining company, faces potential operational suspension at its Malian gold mine, Loulo-Gounkoto, due to a government seizure order on its gold stock. The Malian junta's actions, including previous export restrictions and arrests of Barrick employees, stem from a dispute over revenue sharing and accusations of corruption. This directly impacts 8,000 employees and local suppliers.

Showing 25 to 36 of 40 results