Latest Gold mining and refining News

Friend: Arizona man rescued from mine is amateur prospector

Oct. 19, 2018 3:21 PM EDT

PHOENIX (AP) — John Waddell often visited his 100-acre (40-hectare) mining claim in Arizona's Sonoran Desert to poke around in one of the abandoned mines scattered among the cactus for a bit of gold to sell for a few bucks. But his friend Terry Shrader said Friday the amateur prospector never ventured down...

Treasure hunters doubt FBI's word on dig for Civil War gold

Oct. 9, 2018 7:14 PM EDT

DENTS RUN, Pa. (AP) — Surrounded by dozens of stone-faced FBI agents on a frigid winter's day, Dennis and Kem Parada stared down at the empty hole and knew something wasn't right. The father-son duo spent years combing this bit of Pennsylvania wilderness with high-end metal detectors, drills and other...

US bans new mining claims on public land near Yellowstone

Oct. 8, 2018 7:54 PM EDT

EMIGRANT, Mont. (AP) — U.S. Interior Secretary Ryan Zinke approved a 20-year ban on new mining claims in the towering mountains north of Yellowstone National Park on Monday, after two proposed gold mines raised concerns that an area drawing tourists from the around the globe could be spoiled. As Zinke...

The Latest: Zinke signs mining ban near Yellowstone park

Oct. 8, 2018 12:14 PM EDT

EMIGRANT, Mont. (AP) — The Latest on a mining ban near Yellowstone National Park (all times local): 10 a.m. U.S. Interior Secretary Ryan Zinke has approved a 20-year ban on new mining claims in the mountains north of Yellowstone National Park after two proposed gold mines raised concerns the area could be...

British mining venture signs exploration deal in Afghanistan

Oct. 5, 2018 6:45 PM EDT

WASHINGTON (AP) — A company founded by a London-based banker signed agreements Friday with the government of Afghanistan to explore for gold and copper in the north of the country. Centar Ltd. said it hopes to begin exploration in two sites next year and would within a year become one of the largest...

Markets Right Now: Dow at record even as broad market falls

Oct. 2, 2018 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending mostly lower as small companies fall again, even as gains by a handful of big companies push the Dow Jones Industrial Average to an all-time high. Retailers, airlines and automakers fell Tuesday,...

Asian stocks lower on US-China trade worries

Sep. 25, 2018 12:49 AM EDT

BEIJING (AP) — Asian stock markets were mostly lower Tuesday after a Chinese government report accusing the Trump administration of bullying other countries dampened hopes for a settlement in their escalating tariff war. KEEPING SCORE: The Shanghai Composite Index lost 0.8 percent to 2,775.91 and Sydney's...

Barrick buys Randgold to create world's largest gold miner

Sep. 24, 2018 8:13 AM EDT

LONDON (AP) — Barrick Gold has agreed to buy Randgold Resources for $6.1 billion in stock to create the world's largest gold miner, worth a combined $18 billion. Investors will get 6.128 new Barrick shares for each Randgold share they hold. Shareholders in Barrick, which is based in Toronto, will own about...

Colombian rebels attack mining company, kill 3

Sep. 20, 2018 12:32 PM EDT

BOGOTA, Colombia (AP) — Colombia's military says a holdout rebel faction has attacked a mining camp run by Toronto-based Continental Gold Inc. and killed three of its workers. The attack occurred in Yarumal, a mountainous area of Antioquia Province, where Continental Gold is conducting exploration work....

Philippine landslide shows poor often live in danger's path

Sep. 19, 2018 8:10 AM EDT

ITOGON, Philippines (AP) — They're eerie photographs, probably the final images of a few Filipino villagers standing placidly outside low-slung buildings a day before the green mountainside behind them collapsed on that spot. The massive landslide buried dozens of poor miners and their families as Typhoon...