The yellow metal was up again Monday following a nearly 5% surge Friday. Gold has now soared more than 25% this year and is trading at around $1,330 an ounce. That’s its highest level in more than two years. Miner Newmont was one of the few stocks in the S&P 500 to gain ground on both Friday and Monday. The […]
Confidence about a prospective gold mine in Mali got a significant boost, after the company behind the project raised US$67 million to go toward construction.
As reported by mining.com, AIM-listed Hummingbird Resources (LSE:HUM) placed 103,698,254 shares at 22 pence per share and a subcription offer for another 105 million shares at the same price.
The GBP45.8 million will be plowed into construction […]
Gold output across the globe hit an all-time high in 2015, climbing 1.8 percent to 3,211 tonnes. Much of this growth was led by Mexico, whose output increased double digits (18 percent) from 112 tonnes in 2014 to 133 tonnes last year. Indonesia grew 20 percent, Kazakhstan 29 percent.
This year, global production is expected to level out as project development […]