Tag: Gold

i-80 Gold (TSX: IAU) (NYSE-A: IAUX) surged to a six-month high on Friday after the company announced the start of construction at its Archimedes project as planned, with expected production in the fourth quarter of 2026.

Gold prices advanced to near-record levels on Friday as investors weighed US economic data and uncertainty around the Federal Reserve’s future.

The global gold market relies on a network of banks, refineries and couriers that can fly bullion between key trading hubs at a moment’s notice in pursuit of the highest prices. On Friday, a shock US ruling suggesting that the metal would be subject to tariffs plunged that system into chaos.

Gold prices declined by 1% on Wednesday as solid US economic data reinforced expectations of the Federal Reserve holding interest rates steady for now, dimming the appeal of the safe-haven metal.

Despite gold’s recent slump, CIBC Capital Markets still expects the yellow metal to reach new heights this year, with prices averaging $3,600 per ounce in the second half.

Ghana President John Dramani Mahama on Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa’s top producer seeks to recover billions of dollars lost to smuggling.

Spanish Mountain Gold Ltd. (TSXV: SPA) has unveiled an updated Preliminary Economic Assessment (PEA) for its Spanish Mountain gold project in British Columbia, revealing significant revisions that increase both the project’s Net Present Value (NPV) and capital expenditures (capex). The revised study outlines a more robust economic outlook while also reflecting the rising costs and expanded scope of development.

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.