i-80 Gold kicks off underground development at Archimedes
i-80 Gold (TSX: IAU) (NYSE-A: IAUX) surged to a six-month high on Friday after the company announced the start of construction…
Category: Markets
New Found Gold buys Maritime for $212M
New Found Gold (TSXV: NFG; NYSE-A: NFGC) is acquiring Maritime Resources (TSXV: MAE) in a deal valued at about C$292…
El Salvador buys $50M in gold for reserve diversification
El Salvador has acquired nearly $50 million worth of gold as part of the nation’s broader move to diversify its…
China’s steel demand share to drop 36% by 2050 – Wood Mackenzie
China’s steel consumption is projected to decline steadily over the next decade, marking a structural shift in global steel demand…
Gold price jumps to new high on US jobs report
Gold blasted to a new all-time high of near $3,600 an ounce on Friday, as fresh US jobs data further…
Gold price homes in on new record high
Gold prices advanced to near-record levels on Friday as investors weighed US economic data and uncertainty around the Federal Reserve’s…
Scorpio Gold gets $5.8M investment from Beaty, Sprott
Nevada-focused Scorpio Gold (TSXV: SGN) says it has received an C$8 million ($5.8m) investment from Canadian mining entrepreneurs Ross Beaty…
Burkina Faso’s nationalization rattles West Africa’s gold sector
Burkina Faso is accelerating its drive to nationalize natural resources, requesting this week to acquire another 35% of West African…
India considers easing restrictions on gold in pension funds
India’s pension regulator may look to relax its investment restrictions after calls by fund managers to boost their gold holdings…
Sprott buys 50,000 lb for $5B uranium trust
The Sprott Physical Uranium Trust’s (TSX: U.U for USD; U.UN for CAD) holdings now total about 68.6 million lb. of uranium after…