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West Africa-focused gold miner Asante to bid for Newmont’s Akyem
West Africa-focused gold miner Asante to bid for Newmont’s Akyem
10th April 2024 By: Bloomberg

Newmont Corp’s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp, which plans to bid for the asset against potential Chinese buyers this month. “We expect to be part of this... 


Gold bars
Silvercorp accepts Perseus’ buyout of its 15% shareholding in OreCorp
10th April 2024 By: Marleny Arnoldi

As ASX- and TSX-listed Perseus Mining’s takeover of ASX-listed OreCorp gains pace, TSX-listed Silvercorp Metals has accepted the offer to sell its 73.8-million OreCorp shares to Perseus.... 


Coeur Rochester achieves commercial production milestone
Coeur Rochester achieves commercial production milestone
10th April 2024 By: Creamer Media Reporter

Precious metals miner Coeur Mining has achieved commercial production at its newly-expanded Rochester silver and gold mine, in Nevada, on March 31. The company reported this week that the new... 


The crushed ore storage dome at Greenstone
Greenstone set to start production next month
10th April 2024 By: Mariaan Webb

After a meticulous two-and-a-half-year construction phase, the Greenstone gold mine in Ontario is primed to initiate gold production next month. Equinox Gold, a Toronto-listed mining company, said... 


An aerial view of the Blanket mine
Caledonia's Blanket mine lifts its first-quarter output by 6% y/y
10th April 2024 By: Chanel de Bruyn

Gold miner Caledonia Mining Corporation has reported a 6% year-on-year increase in production from its Blanket mine, in Zimbabwe, to 17 050 oz for the first quarter of this year. Gold sales also... 


Gold holds record high ahead of pivotal US inflation figures
Gold holds record high ahead of pivotal US inflation figures
10th April 2024 By: Bloomberg

Gold held a record high as investors positioned for US inflation data that could help shape the Federal Reserve’s outlook on interest rates. Bullion was little changed after closing at $2 352.78... 


Bankan gold project in Guinea yields ‘promising’ exploration results
9th April 2024 By: Darren Parker

ASX-listed Predictive Discovery has revealed “promising” findings from its regional drilling activities at the Bankan gold project, in Guinea, which has a substantial 5.38-million-ounce gold... 


Ascot begins ore processing at Premier
Ascot begins ore processing at Premier
9th April 2024 By: Creamer Media Reporter

Canadian miner Ascot Resources has started ore processing at the Premier gold project (PGP) in British Columbia, marking a key milestone in commissioning the new mine. Rock was introduced into the... 


Shanta discovers promising mineralisation around New Luika, Singida mines
9th April 2024 By: Marleny Arnoldi

Aim-listed Shanta Gold has discovered various gold intercepts on the Jamhuri Main, Bauhinia Creek and Elizabeth Hill deposits around its New Luika mine, in Tanzania. Shanta is aiming to convert... 


Perpetua gets nod to pursue $1.8bn US loan for gold/antimony mine
Perpetua gets nod to pursue $1.8bn US loan for gold/antimony mine
9th April 2024 By: Mariaan Webb

Nasdaq- and TSX-listed Perpetua Resources has received a letter of interest from the Export-Import Bank of the US (Exim), signalling a step forward in its financing endeavours for the Stibnite gold... 


Aris appoints CFO, senior VP for capital markets
9th April 2024 By: Creamer Media Reporter

Toronto-listed Aris Mining has announced the appointment of Richard Orazietti as CFO and Oliver Dachsel as senior VP of capital markets. Welcoming the two new additions to Aris’ management team,... 


The gold market hunts for answers behind bullion’s sudden surge
The gold market hunts for answers behind bullion’s sudden surge
9th April 2024 By: Bloomberg

Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate and murky outlook for the global economy. The precious metal is famously... 


Sibanye appoints global energy leader as nonexec director
8th April 2024 By: Marleny Arnoldi

JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has appointed Philippe Boisseau independent nonexecutive director, effective April 8. He brings to the board more than 25 years of... 


Karst MD Guy Richards.
Use underground mines for electricity storage, optimise mine water use – Karst Hydro
8th April 2024 By: Martin Creamer

South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up... 


Cora to start exploration drill programme at Senegal project
8th April 2024 By: Sabrina Jardim

West Africa-focussed gold company Cora Gold will soon start an exploration drill programme at its Madina Foulbé gold permit, within the Kenieba project area in East Senegal. The company plans to... 


James Mufara appointed Caledonia COO
8th April 2024 By: Tasneem Bulbulia

Aim- and NYSE-listed Caledonia Mining has announced that James Mufara has agreed to join the group as COO with effect from May 1, following the departure of Dana Roets from the business on February... 


Exploration licence over Senala project renewed
8th April 2024 By: Sabrina Jardim

The exploration licence over the Senala gold project, in Senegal, has been renewed for a further three years, from February 17 this year, Aim-listed Oriole Resources reports. Oriole's interest in... 


An image of the Abujar gold project
Tietto delivers record quarterly gold production at Côte d’Ivoire project
8th April 2024 By: Tasneem Bulbulia

West African gold producer Tietto Minerals has produced a quarterly record of 37 111 oz of gold at its Abujar gold project, in Côte d’Ivoire, for the quarter ended March 31. Milling rates increased... 


An image of Perseus chairperson and CEO Jeff Quartermaine
Perseus declares its offer for OreCorp unconditional
8th April 2024 By: Tasneem Bulbulia

ASX- and TSX-listed Perseus Mining has declared that its off-market takeover bid offer for all the current and to be issued ordinary shares in ASX-listed OreCorp is now unconditional, and best and... 


Peter Grosskopf: 'I’ve never seen it dislocate quite like this.'
Biggest gold miners are missing out on bullion's record run
8th April 2024 By: Bloomberg

The world’s biggest gold miners are at risk of missing out on the metal’s record run after spending billions of dollars to become the obvious home for bullion-focused investors. Despite gold... 


Uranium explorer Toro demerges nickel, gold projects
8th April 2024 By: Mariaan Webb

Uranium development and exploration company Toro Energy on Monday announced the planned demerger of noncore nickel, gold and base metals projects in Western Australia. The demerger announcement... 


Westgold and Karora merge to create A$2.2bn Australian gold miner
Westgold and Karora merge to create A$2.2bn Australian gold miner
8th April 2024 By: Mariaan Webb

Australia’s Westgold Resources on Monday announced its acquisition of Toronto-listed Karora Resources in a deal valued at about A$1.23-billion. The acquisition, structured as a cash-and-stock... 


The next breakthrough must be zero fatality
Mines investing R46m to put an end to fall-of-ground fatalities
5th April 2024 By: Martin Creamer

South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South... 


Sibanye’s post-mining agri initiative seeks commercial farming, agribusiness partners
5th April 2024 By: Marleny Arnoldi

Nonprofit initiative Bokamoso Ba Rona has published a request for expression of interest, in seeking to partner with established commercial farmers and/or agribusinesses to spearhead Bokamoso’s... 


West African achieve solid first quarter production
5th April 2024 By: Tasneem Bulbulia

ASX-listed unhedged gold mining company West African Resources  produced 56 595 oz of gold at its Sanbrado gold operations in the first quarter. The gold, produced from 844 000 t of ore milled at a... 


Gold bulls eye more record highs despite lightning gains
Gold bulls eye more record highs despite lightning gains
5th April 2024 By: Reuters

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The... 


Shanta Gold operation in Tanzania
Shareholders approve Saturn Resources’ takeover of Shanta Gold
5th April 2024 By: Marleny Arnoldi

Gold miner Shanta Gold has confirmed that the requisite majority of voting scheme shareholders have voted in favour of a takeover by Tanzania-based Saturn Resources, or Bidco, which is a newly... 


Iamgold strengthens balance sheet with gold prepay changes
Iamgold strengthens balance sheet with gold prepay changes
5th April 2024 By: Creamer Media Reporter

Canadian miner Iamgold has announced the execution of a forward gold sale arrangement and a partial amendment to an existing gold prepay agreement to optimise its financial position. The net... 


An image of Shirley Webber
Growth potential, challenges presented in West Africa
5th April 2024 By: Lumkile Nkomfe

West Africa’s mining and industrial sectors are characterised by growth and challenges, says multinational banking and financial services provider Absa Corporate and Investment Banking (CIB)... 


An Aerial view of the Balnket Mine in Zimbabwe owned by Mining Corporation
Miner eyes further growth in Zimbabwe
5th April 2024 By: Halima Frost

In its constant drive to increase its representation and relevance in the country’s mining sector, Zimbabwe-focused explorer, developer and miner Caledonia Mining Corporation has changed its mining... 


A large sign next to the road at the entrance to the Mponeng Mine owned by Harmony Gold that states it is the deepest mine globally
Deep-level investment
5th April 2024 By: Halima Frost

Gold major Harmony’s strategy is to direct major capital towards its high-grade underground mines and high-margin surface source operations to improve profitability. The decision to extend Mponeng,... 


Drilling at one of Harmony's mines
Harmony concludes landmark wage negotiations with five unions at once
4th April 2024 By: Darren Parker

Gold miner Harmony Gold has concluded a landmark five-year wage agreement in respect of increases to wages and other conditions of service with its five labour unions, being the coalition, which... 


Shanta progressing exploration in Tanzania, Kenya
4th April 2024 By: Sabrina Jardim

Aim-listed gold producer, developer and explorer Shanta Gold has reported total group-wide resources of 3.51-million ounces grading 3.31 g/t gold across its New Luika and Singida gold mines in... 


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