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Harmony Gold's Mponeng mine, the world's deepest.
Operational performance elevates Harmony Gold to new heights
26th August 2024 By: Martin Creamer

South African gold mining major Harmony Gold has been elevated to new heights owing to sustained operational excellence, high recovered grades and record gold prices. In the 12 months to June 30,... 


Incoming Gold Fields CFO Phillip Anthony Murnane
Gold Fields appoints new CFO
26th August 2024 By: Darren Parker

JSE-listed Gold Fields has appointed Phillip Anthony Murnane as CFO and executive director. He will be based at the Gold Fields corporate office in Johannesburg. 


West Wits completes $1.5m capital raising
26th August 2024 By: Sabrina Jardim

ASX-listed West Wits Mining has secured firm commitments from unrelated existing and new sophisticated and professional investors to raise $1.5-million before costs through the issue of convertible... 


China’s Zijin Mining sees increasing threats to M&A ambitions
China’s Zijin Mining sees increasing threats to M&A ambitions
26th August 2024 By: Bloomberg

Major Chinese copper and gold producer Zijin Mining Group said a slowing global economy, geopolitical tensions, and resource nationalism could restrict its overseas deal-making ambitions. Net... 


Geopacific secures investment from Chinese gold miner
Geopacific secures investment from Chinese gold miner
26th August 2024 By: Mariaan Webb

ASX-listed Geopacific Resources on Monday announced a A$2.9-million investment from a new in investor, Hong Kong-listed Lingbao Gold, to advance its Woodlark mining project, in Papua New Guinea.... 


Gold Road board confident of cash flow generation, declares dividend
Gold Road board confident of cash flow generation, declares dividend
26th August 2024 By: Mariaan Webb

The board of mid-tier Australian miner Gold Road Resources has opted to declare a dividend for the six months to June 30, despite a rain impacted half year and its negative impact on free cash... 


Kingston produces first gold from refurbished plant
23rd August 2024 By: Creamer Media Reporter

Australian miner Kingston Resources has successfully processed ore from its new openpit at Pearse North into gold at the refurbished processing plant at Mineral Hill, in New South Wales. With no... 


Gold Fields CEO Mike Fraser.
Gold Fields’ big South Deep mine is being uplifted for quality-ounce longevity
23rd August 2024 By: Martin Creamer

Johannesburg- and New York-listed Gold Fields said on Friday that it is taking steps to set up its big South Deep gold mine on Gauteng’s West Rand for the long-term production of quality gold... 


Metalloys, DRDGold and Marikana memorial lecture make headlines
Metalloys, DRDGold and Marikana memorial lecture make headlines
23rd August 2024 By: Creamer Media Reporter

Mining Weekly Editor Martin Creamer talks about Menar's plans to revive the Metalloys smelter and sell ferromanganese to the world; gold miner DRDGold's renewable energy infrastructure; and the... 


An image of a surface mining site being worked by an excavator
Despite concerns, investors expect ESG improvement
23rd August 2024

Despite many investors being unconvinced by the environmental, social and governance (ESG) performance of some gold mining firms, new research from European exchange traded fund provider Tabula... 


MCA disappointed by McPhillamys intervention
MCA disappointed by McPhillamys intervention
22nd August 2024 By: Mariaan Webb

Minerals Council of Australia (MCA) CEO Tania Constable has expressed the organisation's disappointment with the federal government’s decision to intervene in the McPhillamys gold project, noting... 


Perseus to sell its shareholding in Montage Gold
21st August 2024 By: Sabrina Jardim

ASX-listed Perseus Mining has agreed to sell 33-million common shares in the capital of TSX-V listed gold explorer and aspiring developer Montage Gold Corp to BMO Nesbitt Burns at a price C$1.86 a... 


DRDGOLD CEO Niël Pretorius.
Big win for DRDGOLD is 60 MW solar farm as it repositions for future
21st August 2024 By: Martin Creamer

The big win for surface gold recovery company DRDGOLD is the 60 MW solar farm built at Ergo in the 12 months to June 30. “I call it a R3-billion prepaid electricity facility that will take care of... 


Toubani secures A$10m for Mali gold project
21st August 2024 By: Creamer Media Reporter

Australia-listed Toubani Resources has raised A$10-million in a two-tranche placement for its Kobada gold project, in Mali. The placement comprises 58.8-million new ordinary shares at an issue... 


Drilling rig mobilises to test gold and antimony at Hillgrove
Drilling rig mobilises to test gold and antimony at Hillgrove
21st August 2024 By: Creamer Media Reporter

An exploration drill rig is set to mobilise to the Hillgrove project, in New South Wales, next week, said ASX-listed Larvotto Resources on Wednesday. This followed the receipt of drilling permits... 


Regis books A$192m impairment on McPhillamys
Regis books A$192m impairment on McPhillamys
21st August 2024 By: Mariaan Webb

Australian gold developer Regis Resources on Wednesday announced “regrettable, but prudent actions”, including writing down the value of the now-unviable McPhillamys gold asset after a... 


St Barbara chooses saleable concentrate flowsheet for Simberi
St Barbara chooses saleable concentrate flowsheet for Simberi
21st August 2024 By: Mariaan Webb

Australian miner St Barbara has accelerated its decision-making process by selecting the saleable concentrate flowsheet option for its Simberi sulphides expansion project, three months ahead of... 


Shipping delays dent Atico's second-quarter revenue, income
21st August 2024 By: Creamer Media Reporter

TSX-V-listed Atico Mining Corporation has posted a net loss of $400 000 for the second quarter of this year, compared with income of $100 000 in the second quarter of 2023, on the back of lower... 


Ivanhoe Electric appoints investor relations, business development VP
21st August 2024 By: Creamer Media Reporter

US critical metals company Ivanhoe Electric has appointed Mike Patterson VP of investor relations and business development, with effect from August 19. Patterson is a seasoned professional with a... 


Gold panning
Zimbabwe bans riverbed mining to protect water sources
21st August 2024 By: Bloomberg

Zimbabwe has banned riverbed alluvial mining with immediate effect to protect the environment, a move that could impact many of the country’s gold miners. Agriculture Minister Anxious Masuka made... 


Regis deems McPhillamys gold project ‘not viable’ following environmental declaration
Regis deems McPhillamys gold project ‘not viable’ following environmental declaration
20th August 2024 By: Creamer Media Reporter

ASX-listed Regis Resources has announced that its McPhillamys gold project is no longer considered viable due to a recent environmental protection declaration by Environment Minister Tanya... 


Gold nuggets
Kefi progresses early works, financing admin ahead of main construction at Tulu Kapi
20th August 2024 By: Marleny Arnoldi

Aim-listed Kefi Gold and Copper is on track with early works at its Tulu Kapi gold project, in Ethiopia, which is expected to start production at a rate of 140 000 oz/y from mid-2026. Some of the... 


Gold steady above $2 500 ahead of Powell’s Jackson Hole speech
20th August 2024 By: Bloomberg

Gold was steady near a record high before a hotly anticipated speech by Federal Reserve chair Jerome Powell later in the week, which may offer clues on how rapidly the central bank will cut... 


Gold bars are worth a million dollars for the first time
Gold bars are worth a million dollars for the first time
20th August 2024 By: Bloomberg

For the first time ever, a bar of gold is worth a cool one million dollars. The milestone was reached Friday, when the precious metal’s spot price surpassed $2 500 per troy ounce, an all-time... 


Barrick Gold CEO Mark Bristow
Barrick Gold on way to becoming major copper producer
19th August 2024 By: Martin Creamer

In less than six years, at the end of the decade, 2030, Barrick will have grown its gold output by 30% and will be a copper miner up there with some of the biggest. It goes to the upper 400 000... 


St Barbara nets A$25m from sale of Catalyst shareholding
19th August 2024 By: Creamer Media Reporter

ASX-listed St Barbara has sold its entire shareholding in fellow-listed Catalyst Metals, netting cash proceeds of A$25.2-million. The proceeds will be used to strengthen its balance sheet... 


Kavango finds deeper gold mineralisation beyond surface workings at Zimbabwe prospect
19th August 2024 By: Marleny Arnoldi

London-listed Kavango Resources has received 582 assay results for soil samples collected over 1.5 km2 on the Prospect 4 area of the Hillside project, in Zimbabwe. The soil sampling area is... 


Hummingbird completes refinancing package with Coris Bank
19th August 2024 By: Sabrina Jardim

Aim-listed Hummingbird Resources has completed the strategic refinancing of a portion of its existing loan facilities with the company's principal financing partner Coris Bank International.... 


GFG sells Wyoming gold project
19th August 2024 By: Creamer Media Reporter

TSX-V-listed GFG Resources has announced the sale of its Rattlesnake Hills gold project – a district scale gold exploration project in Wyoming, US – to aggregator Patriot Gold. Under the terms of... 


Namibian Competition Commission approves Shanjin’s buyout of Osino
19th August 2024 By: Sabrina Jardim

TSX-listed Osino Resources says the Namibian Competition Commission (NCC) has approved Shanjin International Gold’s buyout of Osino for a cash consideration of C$1.90 a share. The NCC’s approval... 


Yukon aims to reopen mine it seized from Victoria Gold
Yukon aims to reopen mine it seized from Victoria Gold
19th August 2024 By: Bloomberg

Canada’s Yukon Territory wants to eventually reopen a gold mine it seized from Victoria Gold after a major landslide and cyanide spill at the facility earlier this summer. Yukon’s government said... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Akobo intersects ore in Eastern winze underground operations
16th August 2024 By: Sabrina Jardim

Gold exploration and mining company Akobo Minerals has successfully intersected the orebody in the prospect drive just off the Eastern winze of its underground operations at the Segele mine, in... 


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