Gold News


Continental Gold announces $175 million in financing from Newmont, Triple Flag, stock surges

Continental Gold’s (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.

The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the holder’s option into common shares of the company at a conversion price of C$3.00 per share, representing a 27.1% premium to the 30-day volume weighted average share price on the TSX.


Spanish Mountain Gold’s BC project passes archaeological test

Spanish Mountain Gold (TSXV: SPA) is one step closer to developing its namesake project in British Columbia following the acceptance by local First Nations of the results of an independent archaeological impact assessment.
In a press release, Spanish Mountain said the survey found the investigated area to have sustained previous disturbance through extensive forestry-related and placer mining activities. Thus, no remains or artifacts are expected to be found there.
The Archaeological Impact Assessment included a desktop review, and vehicle and pedestrian surveys.


Kirkland Lake Gold sets 2019 production guidance at a million ounces

Canada’s Kirkland Lake Gold (TSX. NYSE: KL) announced today that management increased its consolidated three-year production guidance and improved its unit-cost guidance for 2019.
In a press release, the miner said that there is potential for a million ounces in 2019 as guidance was increased to 920,000 – 1,000,000 ounces from the previously announced 740,000 – 800,000 ounces.
For next year, Kirkland Lake said guidance would be 930,000 – 1,010,000 ounces and for 2021 995,000 – 1,055,000 ounces.


The Best Time In History To Buy GOLD

– Why it’s time to get into gold– We’re on the cusp of “huge changes in the world”– “Massive impact on the price of the most enduring investment in history: GOLD”– “A gold shock is coming” and “$10k gold is not out of the question”

I think we’re about to see a huge shift in the role gold plays in all our lives.
And today, we are inviting you to the 2019 Gold Summit which will reveal why now could be the best time in history to buy gold.


A Reason Gold Is Money

Gold is money. Gold has been money for thousands of years. And one of the reasons gold is money is because it’s immutable. That’s just a fancy way of saying it can’t be changed or destroyed. Aristotle listed four characteristics of sound money: it must be durable, portable, divisible, and have intrinsic value.


Trade gold

Latest Gold News