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The board of mining company Harmony Gold has approved the commencement of a R7.9-billion life-of-mine (LoM) extension project at the rich Mponeng gold mine in the West Wits region of South Africa's...
Illegal mining is one of the biggest constraints threatening the sustainability of the South African mining industry and, while this challenge is considerable, it is not insurmountable. There are...
Scandinavia-based gold exploration and mining company Akobo Minerals, which has operations in Ethiopia, has finalised an agreement regarding completion of its debt restructuring. This follows the...
ASX-listed West African Resources expects to produce more than four-million ounces of gold over the next ten years, with production to peak at about 473 000 oz/y in 2029. The company owns the...
TSX-V-listed West Red Lake Gold Mines has announced a $20-million private placement to raise funds to advance the development of a restart plan for the Madsen gold mine, in Ontario. The company...
An African Underground Mining Services (AUMS) employee died on Tuesday at the Mana mine in Burkina Faso. AUMS, a subsidiary of ASX-listed Perenti, is the underground mining contractor for...
Toronto-listed Euro Sun Mining, headed by South African CEO Grant Sboros, is advancing a development-stage gold and copper project in Romania, a country which is reportedly shedding its rigidly...
Natural resource development company Red Rock Resources and its partner, Hong Kong-headquartered company Riverstone Resources, will set out to implement a test programme at the Bilbale gold...
Aim-listed Hummingbird Resources has welcomed subsidiary company Pasofino Gold's announcement of the start of exploration activities at Bukon Jedeh – a high-priority target area within the Dugbe...
Toronto-listed First Mining has received construction permits for a temporary winter road to the Springpole gold project exploration camp site, which will allow for the safe transport of supplies...
Wet commissioning activities are now under way at the Sabodala-Massawa Expansion project, also called the BIOX Expansion project, in Senegal, says London- and Toronto-listed Endeavour Mining. The...
Canada-focused exploration company Fury Gold Mines on Monday announced that it would buy Newmont’s 49.978% interest in the Éléonore South project for C$3-million. Situated in a prolific...
Global-scale Australian gold miner Northern Star has agreed to fully underwrite exploration and development company PolarX’s entitlement offer that seeks to raise about A$4.92-million. PolarX will...
Sub-Saharan African miner BCM International Group has uncovered gold mineralisation grading 256 g/t from outcrop sampling and 25.1 g/t gold from pit sampling over a 3-km-long target on the Mbe gold...
China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368-million. Osino will end its C$287-million deal with Canadian...
JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its...
Canadian mining company Hudbay Minerals has had a strong end to 2023, with higher copper production, record gold production and record financial performance in the final quarter. This strong...
Western Copper and Gold, which is developing the Casino project in the Yukon Territory, has appointed Sandeep Singh as CEO with immediate effect. Singh will work closely with Paul West-Sells, who...
Canadian precious metals explorer and developer Montage Gold on Friday announced an upsized private placement financing of C$35-million. The company, which is listed on the TSX-V, increased its...
The board of multinational miner AngloGold Ashanti has given the green light for the North Bullfrog project’s feasibility study to progress into detailed engineering. This represents a crucial...
Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The...
Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit...
Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont’s announcement on Thursday of...
ASX- and TSX-listed Perseus Mining has posted an 18% year-on-year improvement in earnings before interest, taxes, depreciation and amortisation to $280-million, as well as a 21% increase in profit...
Canada-based Eldorado Gold has increased the capital expenditure (capex) estimate of the Skouries project, in Greece, to $920-million, but between the project finance facility and balance sheet,...
Following a five-month handover period, Newmont has completed its COO transition and starting next week, Rob Atkinson will transition all his remaining responsibilities to new COO, Natascha...
Despite the boon of improved uranium demand, overall, depressed commodity prices and costly operating conditions are emphasising the need for Namibian mining companies to ensure that they mine a...
Platinum group metals (PGMs) producer and developer Sylvania Platinum says its revenue and net profit for the 2023 financial year remained respectable, despite the impact of a significantly lower...
JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable...
Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year. Equinox, which has seven...
JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to...
Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold...
The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to...
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