Tag: Gold

The rush of gold bullion deliveries into New York depositories from overseas will likely keep the US goods-trade deficit close to a record.

Gold was once again the dominant theme of mergers and acquisitions (M&A) deals within the precious and base metals mining space in 2024, accounting for 70% of the year’s transaction count and total value, says S&P Global.

Mining exploration started 2025 on a strong note, as most key metrics tracked by S&P Global including significant drill results, initial resource announcements and project milestones all saw upticks in January compared to December 2024.

Gold Rim Exploration Inc., a Canadian based precious metals mining and exploration company, is pleased to report recent results from its multi-phase infill and resource expansion drilling program at their Cambridge Bay Project in Nunavut, Canada. The results published so far are focused on the Dodgeball and Meadowside areas at the site which are located at the north west tip of the project.

A stellar rally that has lifted global gold prices to all-time highs has cast a shadow on jewellery purchases for India’s wedding season, while dealers in China offered discounts to lure buyers.

Gold rose to new all-time high on Thursday as new US economic data weakened the dollar, while tariff threats by President Donald Trump continue to drive safe-haven demand.

Gold Rim Exploration Inc. has confirmed that they have received permits for two further deposits at its Carmen de Andacollo Project in Chile that will allow it to extend the life of the mine by at least a further 6 years, which will potentially see the mine operating beyond 2040.

Gold Rim Exploration Inc. has released the last of its drill results from the 2024 exploration campaign at its Corriente Belt project in Ecuador.

Heliostar Metals (TSXV: HSTR) has set out plans to restart the La Colorada gold mine in Sonora, Mexico, with work being undertaken in preparation for crushing and stacking to begin in January 2025.

The United Steelworkers union (USW) has filed a complaint against Orla Mining (TSX, NYSE: ORLA) over alleged violations of workers’ rights at the Camino Rojo gold and silver mine in Zacatecas, Mexico.

Bolivia’s central bank ditched new rules on reporting its gold reserves which it had published just two days earlier.

Gold prices are at record highs. But disappointing results at the world’s largest miner of the yellow metal signals companies may be struggling to capitalize on sizzling demand.