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Gold Reserve drops out of US bidding for shares in Citgo parent
20th September 2024 By: Reuters

Canadian miner Gold Reserve said on Thursday it has dropped out of a US court-organized bidding for shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, citing court delays, and... 


First Mining raises cash for Canada gold projects
20th September 2024 By: Creamer Media Reporter

Gold developer First Mining has announced a C$7-million bought-deal public offering and nonbrokered private placement to raise funds to advance its Springpole and Duparquet projects. Springpole,... 


Asante cleared to mine third Bibiani satellite pit
Asante cleared to mine third Bibiani satellite pit
19th September 2024 By: Mariaan Webb

Canada-headquarter gold miner Asante on Thursday announced the start of mining at its third satellite pit at the Bibiani mine, in Ghana. Located 3.8 km from the Bibiani process plant, the Russel... 


Akobo completes crosscut between two tunnels at Segele mine
19th September 2024 By: Marleny Arnoldi

Sweden-headquartered Akobo Minerals has completed a crosscut between the Western and Eastern tunnels of its Segele gold mine, in Ethiopia, which now paves the way for stoping activities into the... 


Test mining and bulk sample operations begin at Madsen mine
Test mining and bulk sample operations begin at Madsen mine
19th September 2024 By: Creamer Media Reporter

Canadian company West Red Lake Gold has taken a step toward the anticipated restart of its Madsen mine, announcing the start of a test mining and bulk sample programme. This is a key derisking... 


Kingsgate details production plans
Kingsgate details production plans
19th September 2024 By: Creamer Media Reporter

Following the successful production ramp-up at the Chatree gold mine, in Thailand, Australia-based Kingsgate Consolidated on Thursday spelled out its production plans until the 2028 financial... 


Silver/gold dore produced at Mineral Hill
Kingston ramps up production at Mineral Hill, eyes midtier status
19th September 2024 By: Creamer Media Reporter

ASX-listed Kingston Resources has successfully increased production at its Mineral Hill processing plant in New South Wales, reaching an annualised throughput of 400 000 t. Over the past four... 


Federal Reserve chairperson Jerome Powell
Gold rises to record after Fed makes first rate cut since 2020
19th September 2024 By: Bloomberg

Gold advanced to a record high after the Federal Reserve lowered its benchmark interest rate by a half a percentage point Wednesday, in an aggressive start to a policy shift to boost the labor... 


Barrick suspends Papua New Guinea mine after deadly clashes
Barrick suspends Papua New Guinea mine after deadly clashes
19th September 2024 By: Bloomberg

Barrick Gold suspended operations at a gold mine in Papua New Guinea after violent clashes in the area killed two company employees. Mining was halted in a move to protect employees at the Porgera... 


Gold miners say they’re now disciplined as dealmaking heats up
Gold miners say they’re now disciplined as dealmaking heats up
19th September 2024 By: Bloomberg

With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that they’ve learned from past mistakes of overspending. There has been a flurry... 


Gold-rich Sudan talks mining With Russia as war alliances shift
18th September 2024 By: Bloomberg

Gold-rich Sudan discussed boosting cooperation in the mining sector with Russia, as Moscow strengthens ties with the North African nation’s military-led government amid a 17-month civil war. A... 


Richard Young is the new CEO of i-80 Gold
i-80 picks Richard Young as CEO to lead next growth phase
18th September 2024 By: Creamer Media Reporter

US-based precious metals miner i-80 Gold has appointed seasoned gold executive Richard Young as its new CEO, following the retirement of former CEO Ewan Downie. The appointment completes the... 


Sun Silver raises A$13m in strategic placement
18th September 2024 By: Creamer Media Reporter

Australia-listed Sun Silver has successfully raised A$13-million in a capital raise, including A$5-million at a premium price. The placement comprises the issue of 12.9-million shares at A$0.62 a... 


DRDGOLD CEO Niël Pretorius.
High value of South Africa’s surface gold recovery highlighted at Gold Forum Americas
18th September 2024 By: Martin Creamer

The presentation of DRDGOLD CEO Niël Pretorius at the thirty-sixth annual Gold Forum Americas 2024 in Colorado Springs highlighted the company’s world-leading gold-from-tailings advances that... 


Panther terminates Manitou Lakes gold option as focus shifts to critical minerals
18th September 2024 By: Creamer Media Reporter

Exploration company Panther Metals has terminated an option and sale and purchase agreement with Shear Gold over the Manitou Lakes project, in Ontario, Canada, with its focus shifting towards the... 


Zijin Mining VP Shaoyang Shen
China’s Zijin vows to keep investing in Canadian mining despite crackdown
18th September 2024 By: Bloomberg

Zijin Mining Group, China’s most valuable mining company, says it won’t be deterred by the Canadian government’s measures to limit foreign involvement in its mining sector. The Chinese gold and... 


Barrick CEO Mark Bristow addressing the Gold Forum Americas audience in Colorado Springs on Tuesday.
Barrick eyes 30% production boost, CEO says undervaluation offers investment opportunity
18th September 2024 By: Mariaan Webb

Canada-headquartered mining major Barrick has laid out a promising production forecast, with plans to increase gold-equivalent ounces from its existing assets by 30% by the end of this decade.... 


Newmont COO Natasha Viljoen
Newmont on track to get at least $2bn from asset sales, COO says
17th September 2024 By: Bloomberg

Newmont, the world’s biggest gold miner, said it’s on track to raise $2-billion — if not more — from selling smaller mines and development projects. “We’ll get at least that,” COO Natascha Viljoen... 


Hummingbird's Yanfolila gold mine, in Mali
Hummingbird announces potential buyer for Pasofino subsidiary
17th September 2024 By: Marleny Arnoldi

Aim-listed Hummingbird Resources has advised of an offer for a buyer to acquire its 53%-owned subsidiary Pasofino Gold for $75-million. This represents a purchase price of $0.66, or C$0.91, a... 


Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
17th September 2024 By: Reuters

Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the US Federal Reserve at its policy meeting this week.... 


Lexington announces 500 000 oz share of resource in Jelani project
16th September 2024 By: Marleny Arnoldi

Following the board-level formal authorisation of an independent mineral resource estimate (MRE) for the Jelani Resources project area, in South Africa’s Free State province, Aim-listed Lexington... 


Gold bars
Gold climbs to another record with Fed rate cut expected in days
16th September 2024 By: Bloomberg

Gold rose to a record as markets waited for the Federal Reserve to begin easing monetary policy for the first time in more than four years. Bullion climbed as much as 0.4% to a high of $2... 


Theta’s project is located next to the historical mining town of Pilgrim’s Rest, in Mpumalanga.
Theta changes funding strategy for South Africa project
16th September 2024 By: Mariaan Webb

Junior miner Theta Gold Mines has changed its strategy on the project funding structure for its South African gold project, chairperson Bill Guy said on Monday. The ASX-listed company has opted to... 


On Friday, Westgold MD and CEO Wayne Bramwell and his team celebrated the company’s new listing on the TSX, opening the market.
Westgold scales up production
16th September 2024 By: Mariaan Webb

Precious metals miner Westgold Resources, which on Friday celebrated its new listing on the Toronto exchange, has bolstered its production guidance for 2025. The Perth-based miner is forecasting... 


Brazil says it has nearly cleared gold miners from Amazon Yanomami reservation
16th September 2024 By: Reuters

Brazil has almost squashed the illegal gold rush that led thousands of wildcat miners into the Yanomami reservation in the Amazon rainforest and caused a humanitarian crisis of disease and... 


Endeavour's BIO Expansion project at the Sabodala-Massawa mine
Endeavour ramps up processing at both Sabodala-Massawa, Lafigué mines
13th September 2024 By: Marleny Arnoldi

London- and Toronto-listed gold miner Endeavour Mining has started commercial production at its Sabodala-Massawa BIOX Expansion project in Senegal as well as at its Lafigué mine in Côte d’Ivoire.... 


DRDGOLD's Ergo operation
DRDGOLD hands over farming, entrepreneurial hub to Riverlea community
13th September 2024 By: Marleny Arnoldi

Surface gold recovery company DRDGOLD has handed over an agriculture and entrepreneurship project to the community of Riverlea, west of Johannesburg, near its Ergo mining operation. DRDGOLD is... 


Gold bulls set sights on previously dismissed record $3 000/oz milestone
Gold bulls set sights on previously dismissed record $3 000/oz milestone
13th September 2024 By: Reuters

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3 000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight US... 


B2Gold’s new Nunavut mine’s capex surges to C$1.5bn
B2Gold’s new Nunavut mine’s capex surges to C$1.5bn
13th September 2024 By: Mariaan Webb

Canadian miner B2Gold has revised the capital expenditure estimate for the Goose project, in Nunavut, by 23% to C$1.54-billion. The increase is primarily owing to a three-month delay in the... 


The Magino mine in Ontario
New Magino mine bolsters Alamos near-term production
13th September 2024 By: Mariaan Webb

Canadian miner Alamos Gold is eyeing a 20% increase in its near-term production rate, owing to the addition of the Magino mine and its integration with its Island Gold operation, in Ontario. The... 


Gold rises to another record high ahead of expected Fed rate cut
Gold rises to another record high ahead of expected Fed rate cut
13th September 2024 By: Bloomberg

Gold rose to another record high — after surging almost 2% to an all-time peak on Thursday — as the dollar extended declines ahead of a widely expected Federal Reserve rate cut next week. Bullion... 


a full view of Pan African Resources Gold operations and solar installation
Developer bolsters exploration for growth
13th September 2024 By: Halima Frost

In its constant drive to bolster its portfolio and remain a relevant miner in Africa, midtier gold producer Pan African Resources (PAR) continues to implement and develop its exploration portfolio... 


Stillwater mine in the US
Sibanye to further restructure its US operations, posts loss in challenging commodity price environment
12th September 2024 By: Tasneem Bulbulia

Low platinum group metals (PGM) prices have resulted in the need for further restructuring of Sibanye-Stillwater’s US PGM operations and a 200 000 oz/y reduction in platinum and palladium (2E)... 


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