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Macmahon wins $463m Indonesia gold contract
9th January 2025 By: Creamer Media Reporter

Australia’s Macmahon Holdings announced on Thursday that it had been awarded a $463-million mining services contract for the Awak Mas gold project in South Sulawesi, Indonesia, by PT Masmindo Dwi... 


Gold ETFs drew first net inflow in four years in 2024, WGC says
Gold ETFs drew first net inflow in four years in 2024, WGC says
9th January 2025 By: Reuters

Physically backed gold exchange-traded funds (ETFs) registered a modest net inflow of $3.4-billion in 2024, their first inflow in four years, even though their holdings fell by 6.8-metric tons, the... 


Allied Gold gets Mali’s go-ahead for new project near Sadiola
Allied Gold gets Mali’s go-ahead for new project near Sadiola
9th January 2025 By: Bloomberg

Mali signed an agreement with Canada’s Allied Gold for a 35% stake in a new mine in connection to its Sadiola project. Known as Korali-Sud, the new project will be managed under Mali’s new mining... 


Nova extinguishes debt to unlock antimony and gold potential
8th January 2025 By: Sabrina Jardim

Gold and critical minerals project developer Nova Minerals has eliminated its existing convertible debt facility with Nebari Gold Fund 1 through a $5.42-million conversion of the outstanding... 


GMIN to start early works at Oko West
8th January 2025 By: Sabrina Jardim

TSX-listed G Mining Ventures (GMIN) has received an interim environmental permit (IEP) for the Oko West gold project from Guyana's Environmental Protection Agency (EPA). This is in response to the... 


The Sanbrado gold mine, in Burkina Faso
West African Resources achieves upper end of full-year gold output guidance
8th January 2025 By: Marleny Arnoldi

ASX-listed West African Resources has reported a 7% quarter-on-quarter increase in gold production to 51 178 oz in the three-months ended December 31, bringing full-year production to 206 622 oz.... 


Equinox extends Fazenda mine life to 2033
8th January 2025 By: Tasneem Bulbulia

Dual-listed Equinox Gold has extended the mine life of its Fazenda mine in Bahia, Brazil, by seven years to 2033, following an updated mineral reserve and mineral resource estimate effective June... 


The Ta Khoa project in Vietnam
Blackstone broadens focus to copper and gold amid nickel market challenges
7th January 2025 By: Creamer Media Reporter

ASX-listed Blackstone Minerals announced on Tuesday its strategic decision to expand into copper/gold assets, a move driven by the metal's growing importance in renewable energy and advanced... 


Perpetua gains enviro approval for Stibnite project
Perpetua gains enviro approval for Stibnite project
6th January 2025 By: Marleny Arnoldi

The US Forest Service has approved the mine plan for Perpetua Resources’ Stibnite gold project, in Idaho, in accordance with the country’s National Environmental Policy Act (Nepa). This final... 


Iamgold completes sale of Guinea assets
6th January 2025 By: Sabrina Jardim

TSX-listed Iamgold has finalised the sale of its 100% interest in the Karita gold project and associated exploration assets in Guinea, the company confirmed on December 23. The transaction forms... 


An image showing Skeena's Eskay Creek project
Skeena draws second tranche of gold stream, progresses Canadian project
6th January 2025 By: Tasneem Bulbulia

Precious metals developer Skeena Resources has collected $45-million of gold stream funding under its gold stream arrangement. This is the second of five tranches under the previously announced... 


Barrick president and CEO Mark Bristow.
Barrick remains committed to constructive engagement with Mali government
6th January 2025 By: Martin Creamer

New York- and Toronto-listed Barrick Gold remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali, West Africa. In addition, an interim attachment order has now been... 


Goldman pushes back $3 000 gold forecast on fewer US rate cuts
Goldman pushes back $3 000 gold forecast on fewer US rate cuts
6th January 2025 By: Bloomberg

Goldman Sachs Group said it no longer sees gold reaching $3 000 an ounce by the end of the year, pushing the forecast to mid-2026 on expectations the Federal Reserve will make fewer rate cuts.... 


Barminco equipment being used underground
Perenti secures A$185m of new work and a contract extension
20th December 2024 By: Creamer Media Reporter

Mining services provider Perenti has announced the execution of new contracts and an extension to an existing contract for the company’s subsidiary businesses. These contracts are expected to... 


A view of a part of the Marda operations area
Leeuwin to acquire Ramelius' Marda gold opreations
20th December 2024 By: Creamer Media Reporter

ASX-listed Leeuwin Metals has entered into a binding share sale agreement with fellow ASX-listed Ramelius Resources to acquire the Marda gold operations, in Western Australia, for up to A$2-million... 


Allied Gold receives first construction payment for Ethiopia project
20th December 2024 By: Creamer Media Reporter

Toronto-listed Allied Gold Corporation has received the first construction payment under a $175-million streaming agreement with Wheaton Precious Metals, signed earlier this month. Under the terms... 


An aerial view of the Coringa operation
Serabi commissions Coringa classification plant
20th December 2024 By: Creamer Media Reporter

Gold mining and development company Serabi Gold reports that, based on the operating progress achieved throughout December, the classification plant at its 100%-owned Coringa gold operation, in... 


Hands holding a gold bar
Swiss gold exports rise in November on jump in supplies to India
19th December 2024 By: Reuters

Gold exports from Switzerland rose in November due to a jump in supplies to India and some revival of deliveries to China and Hong Kong compared with October, Swiss customs data showed on Thursday.... 


An employee studying drill core
Dundee pleased with 'excellent' economics at Serbian gold project
19th December 2024 By: Creamer Media Reporter

TSX-listed Dundee Precious Metals will immediately proceed with a feasibility study at its Čoka Rakita gold project, in Serbia, after a prefeasibility study (PFS) demonstrated the project's... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye inks $500m streaming agreement with Franco-Nevada
19th December 2024 By: Simone Liedtke

Multinational metals and mining group Sibanye-Stillwater has entered into a $500-million streaming agreement with Franco-Nevada (Barbados) Corporation, a subsidiary of Franco-Nevada Corporation.... 


India re-examining record Nov gold imports, sources say
19th December 2024 By: Reuters

The Indian government is re-examining a surge in gold imports that widened the country's trade deficit to a record in November and pushed the rupee to an all-time low, two government sources aware... 


Barrick president and CEO Dr Mark Bristow.
Barrick seeks fair resolution in Mali through arbitration
18th December 2024 By: Martin Creamer

New York- and Toronto-listed Barrick Gold Corporation on Wednesday, December 18, confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de... 


Horizon completes Pennys Find PFS, which confirms project’s viability
18th December 2024 By: Simone Liedtke

ASX-listed Horizon Minerals has completed the prefeasibility study (PFS) for the Pennys Find gold project, in Western Australia. The PFS confirms the project’s viability as a high-grade underground... 


Gold jewellery
Indians opt for lighter, lower carat jewellery as gold prices soar
18th December 2024 By: Reuters

Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. "I wanted to gift my daughter 80 g of gold,... 


Mandalay targeting gold production of up to 95 000 oz for 2025
18th December 2024 By: Simone Liedtke

TSX-listed Mandalay Resources Corporation is targeting consolidated gold-equivalent production of between 85 000 oz and 95 000 oz as part of its production and cost guidance for 2025. This includes... 


Gold Mountain reports revenue drop, third-quarter losses
18th December 2024 By: Simone Liedtke

Canadian exploration and development company Gold Mountain Mining experienced a sharp revenue decline in the third quarter of the 2025 financial year, with earnings falling to $594 404, compared... 


Gold bars
Gold holds decline as focus on fed for next year’s rate outlook
18th December 2024 By: Bloomberg

Gold held a decline ahead of the Federal Reserve’s upcoming rate decision, with traders watching for clues about next year’s monetary-policy path. Bullion was steady near $2,647 an ounce, after... 


Auric signs agreement to acquire gold processing plant in WA
17th December 2024 By: Creamer Media Reporter

Mining and commodity trading company Auric Mining has entered into a letter agreement, subject to due diligence, to acquire the 180 000 t/y Burbanks gold processing facility and related assets and... 


Novo Resources to acquire two NSW gold projects
17th December 2024 By: Creamer Media Reporter

ASX- and TSX-listed Novo Resources Corp has entered into binding term sheets with fellow ASX-listed companies TechGen Metals and Manhattan Corporation to acquire their respective John Bull and... 


Nioko proposes buyout of Hummingbird amid the latter’s financial struggles
17th December 2024 By: Simone Liedtke

African investment company CIG's wholly-owned subsidiary Nioko Resources Corporation has announced a recommended cash offer to acquire debt-ridden Aim-listed Hummingbird Resources, aiming to... 


Blyvoor gold
Restarted Blyvoor gold mine is on the way back up on Joburg’s West Rand
17th December 2024 By: Martin Creamer

Blyvoor gold mine, the restarted underground Witwatersrand gold mine west of Johannesburg, is on the way back up. South African mining company Aurous Resources reported on Monday, December 17, that... 


Gold jewellery on sale in India
India's gold imports to plunge in December after record November
17th December 2024 By: Reuters

India's gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay... 


GoldHaven to acquire BOA Gold Corp
17th December 2024 By: Creamer Media Reporter

Canadian junior exploration Company GoldHaven Resources Corp has entered into an amalgamation agreement with BOA Gold Corp, which will result in GoldHaven acquiring BOA and the four high-potential... 


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