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African development banks expected to fund Caledonia's new Zimbabwe mine, CEO says
4th April 2024 By: Reuters

African development banks are seen as the most likely funders of Caledonia Mining Corporation's planned $250-million gold mine in Zimbabwe, the mining company's CEO Mark Learmonth said on... 


Gold sets another record high above $2 300 after Powell comments
Gold sets another record high above $2 300 after Powell comments
4th April 2024 By: Bloomberg

Gold set another record high above $2 300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of $2... 


Alamos closes Ordford acquisition
4th April 2024 By: Mariaan Webb

Intermediate gold producer Alamos Gold has completed the previously announced acquisition of TSX-V-listed Ordford Mining. The Ontario Superior Court of Justice granted the final order on April 2... 


Thor Exploration acquires licences in Senegal
3rd April 2024 By: Tasneem Bulbulia

TSX-V and Aim-listed Thor Exploration has completed the acquisition of interests in two licences in southeast Senegal where it is currently advancing the Douta gold project to a preliminary... 


Tshiamiso CEO Dr Munyadziwa Kwinda
Tshiamiso Trust reaches R1.5bn payout milestone
3rd April 2024 By: Marleny Arnoldi

The Tshiamiso Trust, which was established to disburse compensation funds to mineworkers who contracted silicosis and tuberculosis (TB) while employed by certain companies in South Africa’s gold... 


ARM Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM to acquire 15% of Canada’s Surge Copper
3rd April 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an... 


Gold hits record as silver surges on outlook for Fed rate cuts
Gold hits record as silver surges on outlook for Fed rate cuts
3rd April 2024 By: Bloomberg

Gold held near a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, buoying the outlook for... 


Long-awaited McPhillamys to cost A$1bn, says Regis Resources
Long-awaited McPhillamys to cost A$1bn, says Regis Resources
3rd April 2024 By: Mariaan Webb

The long-awaited McPhillamys project, in New South Wales, would require about A$1-billion before it produced its first gold, owner Regis Resources said on Wednesday. In a definitive feasibility... 


Argentinean entrepreneur Elsztain acquires 5% in Challenger, eyes larger investment
2nd April 2024 By: Creamer Media Reporter

Argentinean businessman and entrepreneur Eduardo Elsztain has acquired an initial 5% stake in Challenger Gold and has signalled an intention to take a larger stake pending a more detailed due... 


Goldstone advances capital raising plans, chairperson steps down
2nd April 2024 By: Sabrina Jardim

Bill Trew has stepped down as chairperson of Aim-listed Goldstone Resources, effective April 1. Further, the company, which owns gold exploration assets in Ghana, continues to advance its capital... 


Gold Fields says the January 2 fatality has affected the operational momentum at South Deep
Gold Fields warns of lower first-quarter production
2nd April 2024 By: Mariaan Webb

JSE- and NYSE-listed Gold Fields on Tuesday cautioned of lower first-quarter production, citing operational challenges at the South Deep mine, in South Africa, and weather-related events in... 


Gold Fields’ new Chile mine delivers its first gold
Gold Fields’ new Chile mine delivers its first gold
2nd April 2024 By: Mariaan Webb

The new Salares Norte mine, in Chile, has produced its first gold, Johannesburg- and New York-listed Gold Fields reported on Tuesday. The new mine, which is key to the company achieving its gold... 


Gruyere on path to recovery amid rain setback
Gruyere on path to recovery amid rain setback
2nd April 2024 By: Mariaan Webb

Operations at the Gruyere joint venture (JV), in Western Australia’s north-eastern Goldfields, will start resuming during the first week of April, midtier miner Gold Road Resources reported on... 


Barminco bags A$393m contract at Regis’ Duketon
2nd April 2024 By: Marleny Arnoldi

Mining services firm Barminco has been awarded a A$393-million, three-year contract at Regis Resources’ Duketon operations, in the Goldfields region of Western Australia, ASX-listed Perenti... 


Firefly raises A$52m for Canada project
Firefly raises A$52m for Canada project
2nd April 2024 By: Creamer Media Reporter

Canada-focused FireFly Metals has announced A$52-million in funding to accelerate resource growth at its Green Bay copper and gold project, in Newfoundland. The Australia-listed company last week... 


A January 2024 image of the Cote project
Iamgold’s Côté mine marks inaugural gold pour
2nd April 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Iamgold has successfully completed the inaugural gold pour at its newest mine in Canada – Côté, in Ontario. The company now has three operating mines, joining Essakane, in... 


Gold hits record on Fed cut outlook and geopolitical tension
Gold hits record on Fed cut outlook and geopolitical tension
2nd April 2024 By: Bloomberg

Gold rose to a record as the second quarter kicked off, extending a rally that’s been driven the Federal Reserve edging closer to rate cuts and deepening geopolitical tensions. Bullion jumped as... 


Hummingbird warns of delay in achieving commercial production at Kouroussa
28th March 2024 By: Sabrina Jardim

Aim-listed Hummingbird Resources has informed shareholders that commercial production at its Kouroussa gold mine, in Guinea, will be delayed beyond the targeted first quarter of this year owing to... 


Dr Steve Chingwaru
PhD research uncovers invisible gold resource
28th March 2024 By: Sabrina Jardim

Stellenbosch University PhD graduate Dr Steve Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. The geometallurgist’s findings could help unlock gold to the... 


Nigeria to grant mining licences only to companies that process locally
28th March 2024 By: Reuters

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 


An image of the Blanket gold mine
Caledonia’s 2023 full-year performance in line with expectations
28th March 2024 By: Tasneem Bulbulia

Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production... 


PNG orders temporary suspension of K92’s Kainantu underground ops
28th March 2024 By: Creamer Media Reporter

The Mineral Resources Authority (MRA) of Papua New Guinea has instructed a temporary halt to underground operations at the Kainantu gold mine operated by K92 Mining.  This directive follows an... 


Karora's Higginsville mine in Western Australia
Karora shifts merger focus after ending talks with Ramelius
28th March 2024 By: Mariaan Webb

Karora Resources, a Western Australia-focused mining company listed on the TSX, announced on Wednesday that it has concluded discussions with Ramelius Resources and that it is now exploring... 


The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Canadian miner Alamos Gold has announced its acquisition of smaller rival Argonaut in an all-stock deal valued at $325-million. The move is poised to create a gold miner with a combined long-term... 


Initial work shows potential of deposit at Morocco project
27th March 2024 By: Tasneem Bulbulia

Aim-listed Critical Mineral Resources (DMR)has announced positive initial work at its Ifri project, in the Anti-Atlas in Morocco, with prospecting by its geological team demonstrating copper and... 


Endeavour's Ity mine
Endeavour assures shareholders of its internal controls, posts lower earnings
27th March 2024 By: Marleny Arnoldi

London- and Toronto-listed Endeavour Mining has assured shareholders that the board’s audit committee has determined that there are no material weaknesses in the group’s internal controls over... 


First Majestic starts bullion sales from First Mint
27th March 2024 By: Mariaan Webb

Silver and gold miner First Majestic has announced the start of bullion sales from its fully-owned and -operated minting facility, in Nevada, US. First Mint vertically integrates a manufacturing... 


Goldsource has closely watched Mako's successful development of the San Albino mine.
Mako Mining to buy Goldsource Mines
27th March 2024 By: Creamer Media Reporter

TSX-V-listed Mako Mining on Tuesday announced it would buy fellow-listed Goldsource Mines, creating a diversified gold producer with a platform for growth. The transaction will create a company... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting is going to be key for mining going forward – Master Drilling
26th March 2024 By: Martin Creamer

Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg... 


Caracal raising £780 000
26th March 2024 By: Darren Parker

Gold producer Caracal Gold is raising £780 000 by way of a subscription through the issue of 260-million new ordinary shares of £0.001 in the company at a price of £0.003 a share. The funds of the... 


Top Australian gold miner seeks to expand Kalgoorlie ‘Super Pit’
Top Australian gold miner seeks to expand Kalgoorlie ‘Super Pit’
26th March 2024 By: Bloomberg

Northern Star Resources is seeking to expand its flagship Fimiston gold mine in Western Australia and extend the life of the project to 2034. Kalgoorlie Consolidated Gold Mines, which is wholly... 


Majestic Gold flags potential China acquisition
26th March 2024 By: Creamer Media Reporter

British Columbia-based Majestic Gold has announced a letter of intent (LoI) to acquire a gold project in China. Majestic, through its 70.5%-owned Persistence Resources Group subsidiary, will... 


Many Peaks acquires advanced Cote d’Ivoire projects
26th March 2024 By: Mariaan Webb

Mineral exploration company Many Peaks on Tuesday revealed an agreement to acquire exploration assets belonging to Turaco Gold in Cote d’Ivoire. The announcement triggered a surge in the junior’s... 


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