gold mining

Gold prices have been climbing, rallying over 27% year-to-date. And, if history is any guide, investors might be eyeing gold miners as a way to turbocharge their returns. But hold that thought, says Oktay Kavrak, director of communication and strategy at Leverage Shares. "A gold rally can...

Despite the falling gold prices after the stock market rebound, the gold mining companies are poised for growth as this expert highlights “record levels of free cash flow” for these companies over the next two years. What Happened: The Macro Strategist at Crescat Capital, Otavio Costa,...

The volatility that dominated markets in the early part of the month sharply reversed in the past week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite. The latest batch of inflation statistics for August have given the green light for the Federal...

Stuart Averill, chairman of Overburden Drilling Management (ODM), was celebrating 50 years in the mining exploration business at this year’s Prospectors And Developers Association of Canada (PDAC) conference in Toronto. Averill, also a board member of Canada’s Tower Resources Ltd (TSXV:...

Peru's National Prosecutor's Office alleges gold mining gangs are behind recent “alien” sightings to terrorize locals, New York Post reports. Residents of Alto Nanay, a northern Amazon Basin village, have reported encounters with 7-foot “aliens” since mid-July. Initially...

In the latest virtual conference presented by Benzinga, three outstanding experts and industry professionals gathered to explore the prospects of a new “Supercycle” for gold miners. Delving into crucial factors affecting the performance of gold mining stocks, they discussed Fed...

Gold prices, as tracked by the SPDR Gold Trust (NYSE:GLD), closed the first half of 2023 with a shy performance of 5%, significantly underperforming the equity asset class, with the SPDR S&P 500 ETF Trust (NYSE:SPY) up by 16% and with the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) up by a...

Tower Resources Ltd (OTC: TWRFF) announced on Wednesday the assays of the three remaining drill holes from its winter diamond drilling program, with its last hole (045) intersecting 92 meters that graded 1.13 grams per ton (g/t) of gold (Au). The last hole was drilled at the Lightning zone,...

The VanEck Gold Miners ETF (ARCA: GDX), an exchange traded fund that invests in equities of firms operating in the metals and mining, gold, and silver sectors, has risen to levels last seen in early May 2022, driven by big gains in precious metals commodities. After rising more than 25% in...

Apple Inc (NASDAQ: AAPL) and Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google are among a handful of U.S. tech giants that reportedly used gold mined illegally from Brazilian indigenous lands located in the Amazon rainforest. What Happened: Brazilian newspaper Rep...

The cryptocurrency craze has been likened to a gold rush mentality, but some see a relationship beyond the comparison. “The mania in the cryptocurrencies out there has definitely taken some of the speculative fervor out of the junior gold exploration companies, where these things have...

In Wyoming’s Copper King, US Gold Corp (NASDAQ: USAU) seemed to have inherited the industry’s raggedy hand-me-downs. “Lots of companies have had this property over the years, there’s been lots of exploration done,” CEO Edward Karr told Benzinga. “...I think the...

Goldman Sachs’ Andrew Quail believes Barrick Gold Corporation (USA) (NYSE: ABX) shares are well positioned to outperform peers and continue to “flag idiosyncratic opportunities.” Furthermore, the firm believes the company’s self-help story remains intact. Quail maintains a...

SPDR Gold Trust (ETF) (NYSE: GLD), the world's largest exchange-traded product backed by physical holdings of bullion, has lost 10 percent year-to-date. With many market participants expecting the Federal Reserve to raise interest rates at its December meeting, GLD and rival gold ETFs are...