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artisinal gold nuggets held by artisinal miner
Russian war machine funded by illicit gold trading, WGC report states
Updated 4 hours ago By: Darren Parker

Russian State-funded private military company (PMC) Wagner Group is one of the greatest beneficiaries of illicit gold trading, a new report published by the World Gold Council (WGC) shows.... 


The Musselwhite mine
Orla Mining buys Newmont’s Musselwhite gold mine
Updated 6 hours ago By: Mariaan Webb

Gold miner Newmont has reached an agreement to sell its Musselwhite mine to TSX-listed Orla Mining for up to $850-million. The transaction, announced on Monday, marks the first sale of several... 


An image showing the Kloof gold mine
Sibanye-Stillwater secures six health and safety awards
18th November 2024 By: Tasneem Bulbulia

Multinational miner Sibanye-Stillwater’s South African operations received six industry health and safety awards at the Southern African Institute of Mining and Metallurgy (SAIMM) MineSafe 2024... 


Goldman says ‘go for gold’ as central banks buy, Fed cuts in ‘25
Goldman says ‘go for gold’ as central banks buy, Fed cuts in ‘25
18th November 2024 By: Bloomberg

Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said... 


Gold loses some luster after Trump’s decisive win
Gold loses some luster after Trump’s decisive win
18th November 2024 By: Bloomberg

Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around. In the two days immediately following the Republican candidate’s... 


Terence Holohan
Resolute Mining agrees to pay $160m to Mali as CEO, employees remain detained
18th November 2024 By: Reuters

Australia's Resolute Mining said on Monday that it would pay $160-million to Mali's government to help resolve a tax dispute after the West African country detained its CEO Terence Holohan and two... 


Bezant commissions technical report for Namibia project
15th November 2024 By: Tasneem Bulbulia

Aim-listed Bezant Resources has commissioned independent consultancy firm Sound Mining International to generate a technical report focusing on the near-term development of the Hope deposit, in... 


Police gathered at an illegal mining operation in Stillfontein
Families gather at South African mine shaft where hundreds are feared underground
15th November 2024 By: Reuters

 Desperate family members of illegal miners believed to number in the hundreds waited outside a disused mine shaft in South Africa on Friday in the hope of their loved ones emerging from the hole... 


The Telfer operation in Australia
Greatland to take over Australian mines from Newmont in coming weeks
15th November 2024 By: Mariaan Webb

Aim-listed Greatland Gold’s $475-million acquisition of the Telfer and Havieron assets, in Australia, from gold major Newmont is nearing completion, with a conclusion date set for early December.... 


An image showing a gold nugget
Coal, gold weigh on mining industry’s production increases
15th November 2024 By: Tasneem Bulbulia

South Africa’s gold and coal sectors were the only sectors to post decreases in production for September and the situation is unlikely to turn around markedly in the near term. Statistics South... 


South Africa's Manganese incentive, Barrick's Q3 results, and gold equities underperforming
South Africa's Manganese incentive, Barrick's Q3 results, and gold equities underperforming
15th November 2024

Mining Weekly Editor Martin Creamer discusses South Africa's impressively low battery manganese incentive price; Barrick’s third-quarter results, which showed that the African region delivered its... 


Police in standoff with hundreds of illegal miners in disused shaft
14th November 2024 By: Reuters

South African police were in a standoff on Thursday with hundreds of illegal miners believed to be underground in a disused shaft, a day after a cabinet minister said the government was trying to... 


Gold Fields' Cerro Corona mine, in Peru
Gold Fields records quarterly output increases across portfolio
14th November 2024 By: Marleny Arnoldi

JSE-listed Gold Fields made notable operational improvements in the quarter ended September 30, resulting in a 12% quarter-on-quarter increase in output to 510 000 oz and a 3% quarter-on-quarter... 


Beyers Nel
Harmony appoints Beyers Nel CEO, Floyd Masemula deputy CEO
14th November 2024 By: Creamer Media Reporter

Gold miner Harmony Gold Mining Company has appointed Beyers Nel to succeed Peter Steenkamp as CEO, with effect from January 1. Floyd Masemula has also been appointed deputy CEO from January 1,... 


An image showing the Dugbe gold project, in Liberia
Pasofino continuing discussions with counterparty for strategic acquisition
14th November 2024 By: Tasneem Bulbulia

Aim-listed Hummingbird Resources has provided an update on its 53%-owned subsidiary Pasofino Gold’s progress on a potential strategic transaction. Pasofino is continuing discussions with a... 


Lexington Gold, Gold One Africa mull cooperation at their South African projects
14th November 2024 By: Tasneem Bulbulia

Aim-listed Lexington Gold and its broad-based black economic empowerment partner Letsema have entered into an intention to cooperate agreement with Gold One Africa, which will see the parties seek... 


Hudbay says copper and gold diversification drives strong Q3 performance
Hudbay says copper and gold diversification drives strong Q3 performance
14th November 2024 By: Mariaan Webb

Canadian miner Hudbay Minerals delivered strong operating and financial results in the third quarter, with record gold production in Manitoba and robust cost controls across the business, says CEO... 


Gold Fields may sell smaller mines to focus on new Canadian Osisko assets
Gold Fields may sell smaller mines to focus on new Canadian Osisko assets
14th November 2024 By: Reuters

Gold Fields may look for buyers for its smaller mines in Ghana and Peru to focus on bigger operations and is hoping to make new mineral discoveries at both mines to enhance their appeal, CEO Mike... 


Resolute shares suspended after Mali demands $160m
Resolute shares suspended after Mali demands $160m
14th November 2024 By: Bloomberg

Resolute Mining suspended trading after Mali demanded the Australian gold miner pay about $160-million to resolve a tax dispute that’s seen its chief executive officer detained. The company’s... 


Thunderbird buys strategic NSW gold/antimony project
13th November 2024 By: Creamer Media Reporter

ASX-listed Thunderbird Resources has entered into an agreement to acquire a prospective antimony and gold exploration land package in New South Wales. The exploration portfolio is located... 


Rox raises cash for WA gold project
13th November 2024 By: Creamer Media Reporter

Rox Resources, the developer of the Youanmi gold mine in the Murchison region of Western Australia, has announced strong investor support for a A$26-million capital raise. The two-tranche... 


A stack of gold bars
IMF urged to cash in on gold price to help poor countries hit by climate change
13th November 2024 By: Reuters

The International Monetary Fund (IMF) should sell 4% of its gold to help offer debt relief to low-income countries devastated by climate-related catastrophes, a study said as climate financing... 


Richard Young
New i-80 Gold CEO unveils fresh development plan, strategic direction
13th November 2024 By: Mariaan Webb

US-based precious metals miner i-80 Gold has announced a strategic shift following the recent appointment of Richard Young as CEO, with the TSX-listed company outlining an updated development plan.... 


Kibali gold mine.
Why gold equities are continuing to underperform the gold price
12th November 2024 By: Martin Creamer

Why is it that gold equities are continuing to underperform the gold price? That is a question Mining Weekly put to Barrick president and CEO Dr Mark Bristow after he noted the lag of gold equities... 


Goldplat reports £1.84m operating profit for the Sept quarter
12th November 2024 By: Sabrina Jardim

Aim-listed Goldplat’s two recovery operations in Ghana and South Africa achieved a combined operating profit of £1.84-million excluding listing and head office costs, finance cost and foreign... 


Kingsgate signals strong operational progress at Chatree
Kingsgate signals strong operational progress at Chatree
12th November 2024 By: Creamer Media Reporter

Australia-listed Kingsgate Consolidated has provided an upbeat update on the ongoing ramp-up of its Chatree gold mine, in Thailand, reporting significant operational improvements and its highest... 


Mbe exploration indicates wider zones of mineralisation
12th November 2024 By: Darren Parker

Aim-listed Oriole Resources has reported that full channel sampling results from Phase 2 infill trenching at the MB01 prospect at its 80%-owned Mbe gold project, in Cameroon’s Adamawa region,... 


Resolute CEO detention in Mali comes amid West Africa mining squeeze
Resolute CEO detention in Mali comes amid West Africa mining squeeze
12th November 2024 By: Bloomberg

Gold miner Resolute Mining finds itself at the center of a broad shakeup of regulatory regimes across West Africa following the detention of the company’s chief executive in Mali, as cash-strapped... 


Harmony Gold's Mponeng mine
Harmony reports flat production but improved cash flow from higher grades
11th November 2024 By: Darren Parker

JSE- and NYSE-listed Harmony Gold has reported relatively flat year-on-year gold production but announced significant improvements in operational cash flow owing to enhanced recovery grades. In its... 


The Blanket gold mine
Caledonia declares quarterly dividend
11th November 2024 By: Creamer Media Reporter

Zimbabwe-focused gold miner Caledonia Mining Corporation has approved a dividend of $0.14 a share for the quarter ended September 30. The company achieved a net profit of $3.29-million for the... 


Stallion sheds antimony project to focus on Athabasca uranium
Stallion sheds antimony project to focus on Athabasca uranium
11th November 2024 By: Mariaan Webb

TSX-V-listed Stallion Uranium has announced an agreement to monetise a portion of its antimony and gold project in Idaho, US, to focus exclusively on its vision of making “the next big uranium... 


Sibanye-Stillwater confirms signing of wage agreement with unions
11th November 2024 By: Sabrina Jardim

JSE-listed Sibanye-Stillwater has confirmed that it has concluded wage negotiations at its South African gold operations, which began in July. A one-year agreement was reached with the... 


Barrick CEO Mark Bristow
Barrick falls behind rivals as No. 2 miner misses boost from bullion boom
11th November 2024 By: Bloomberg

Most of the world’s top gold miners have seen their shares surge this year as bullion prices hit repeated record highs. Not Barrick Gold. Missed production targets, higher operational costs and... 


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