Tag: Gold

Mitchall Mines and Minerals Limited is pleased to announce that it has entered into an interim agreement to acquire all of the assets of a gold project located in Morona-Santiago Province, Ecuador, which is only 8 kilometers away from its existing site Mera site.

The price of gold dropped below the $3,200 per ounce mark on Tuesday, retreating from its recent highs as global investors shift their focus away from traditional safe-haven assets. The decline reflects renewed confidence in riskier markets, spurred by easing geopolitical tensions and upbeat economic data from major economies.

Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that’s seen an up-tick in criminal activity culminating in the murder of 13 mine workers.

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.

Mitchall Mines and Minerals Limited provided an update on the ongoing exploration program at its Arapiccos project located at Morona-Santiago province, Ecuador.

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.

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.

Mitchall Mines and Minerals Limited provided an update on the ongoing exploration program at its Arapiccos project located at Morona-Santiago province, Ecuador.

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.

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.