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Gold News
Armadale sells Mpokoto project to African Royalty
By: Marleny Arnoldi 11th January 2019 Aim-listed Armadale Capital has entered into a final formal agreement with African Royalty Company, which intends to acquire the Mpokoto gold project in the Democratic Republic of Congo (DRC). The agreement crystallises the value of the project, with a company capable of obtaining the funding... →
Endeavour Silver delivers solid FY18 silver, gold production
By: Marleny Arnoldi 11th January 2019 TSX- and NYSE-listed Endeavour Silver Corporation has reported consolidated silver production of 5.5-million ounces and gold production of 52 967 oz of gold for 2018. The company reported silver-equivalent production of 9.5-million ounces at a 75:1 silver to gold ratio. →
Matsa completes mining at Red Dog
By: Esmarie Iannucci 11th January 2019 ASX-listed Matsa Resources in November of last year completed mining at the Red Dog gold project, in Western Australia, with last ore hauled to gold producer AngoGold Ashanti’s Sunrise Dam treatment plant in December. Matsa on Friday reported that mining at the Red Dog operation had generated 12... →
Barrick CEO to forge ahead in Latin America despite past strains
By: Bloomberg 11th January 2019 Barrick Gold Corp’s new boss intends to push ahead with plans to increase investment in the mineral-rich – but environmentally tricky – deposits straddling the Chile-Argentina border. “If you want to find elephants, go to elephant country,” CEO Mark Bristow, a South African geologist and big-game... →

Barrick Gold CEO Mark Bristow
Newmont cuts 120 jobs at Nevada gold mining operation
By: Reuters 11th January 2019 Newmont Mining Corp, the world's No. 2 gold producer, is cutting 120 jobs at its Carlin mining operation in Nevada after deciding to reduce the life span of one mine and suspending part of another due to a wall slide, a spokesman said on Thursday. The Denver, Colorado-based company announced the... →
Alacer hits targets in 2018
By: Esmarie Iannucci 11th January 2019 Gold miner Alacer Gold has reached its 2018 production expectations, with the Çöpler mine, in Turkey, producing 170 865 oz of gold. The full-year production was in line with expectations of between 160 000 oz and 230 000 oz. →

Vector takes major interest in DRC gold project
By: Esmarie Iannucci 11th January 2019 Gold developer Vector Resources was hoping to complete a definitive feasibility study (DFS) on the Adidi-Kanga gold project, in the Democratic Republic of Congo, during this year, after settling the acquisition of a 60% interest in the project. The ASX-listed Vector in July last year struck a... →
Semafo meets FY18 output guidance
By: Tasneem Bulbulia 10th January 2019 Canada-based mining company Semafo produced 244 600 oz of gold in 2018 – in line with guidance of 235 000 oz to 265 000 oz. The company, which operates in West Africa, achieved fourth-quarter production of 95 200 oz of gold, owing to a first full quarter of production at the Boungou mine, in... →
World Gold Council believes gold will become more relevant in 2019
By: Simone Liedtke 10th January 2019 The World Gold Council (WGC) has said it believes gold will become even more relevant this year owing to “its proven record” for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns. Looking ahead, the council expects gold demand to benefit... →

Chimata signs $9.5m finance, offtake facility for Zimbabwe tailings project
By: Simone Liedtke 10th January 2019 Transamine Trading and the Kamativi Tailings Company (KTC) have signed a term sheet for a $9.5-million finance and offtake facility for concentrate produced from the Kamativi tailings lithium project, in Zimbabwe. The proceeds will be used for the construction of the Phase 1 processing plant to... →
Too early to bet on mining policy change: Congo vote reaction
By: Bloomberg 10th January 2019 In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s Presidential election, although his victory is being marred by claims by a rival that the poll was rigged. The African country is the world’s main supplier of battery... →
Acacia’s North Mara fined $130 000 for alleged environmental transgressions
By: Simone Liedtke 10th January 2019 London-listed Acacia Mining’s North Mara gold mine, in Tanzania, has received an environmental protection order (EPO) requiring the payment of a fine of $130 000, or TSh300-million. The EPO was issued in relation to alleged breaches of environmental regulations. →
Dundee’s Chelopech mine exceeds 2018 production guidance
By: Tasneem Bulbulia 10th January 2019 Dundee Precious Metals’ Chelopech mine and smelter, in Bulgaria, achieved another record year of gold production, at 201 100 oz, in 2018, exceeding the company’s guidance of 190 000 oz to 200 000 oz. Moreover, copper production of 36.7-million pounds was in line with guidance of 35-million to... →
Americas Silver, Pershing Gold shareholders approve business combination
By: Tasneem Bulbulia 10th January 2019 Americas Silver and Pershing Gold on Wednesday announced that their respective shareholders had given the requisite approvals for the merger of the two companies. Americas Silver shareholders approved a special resolution to amend the company’s articles of incorporation to create a new class of... →
Pretium Resources achieves strong FY18 production
By: Tasneem Bulbulia 10th January 2019 Pretium Resources recorded strong gold production at its Brucejack underground mine, in British Columbia, in 2018. The mine produced 376 012 oz gold for the full-year – just below guidance of 387 000 oz. →
Sibanye reports good PGMs performance, but gold output falls amid strike 
By: Simone Liedtke 10th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodium (4E) PGMs production for 2018 to be about 1.17-million ounces. In a statement detailing... →

Sibanye-Stillwater CEO Neal Froneman
Lycopodium wins another Perseus contract
By: Esmarie Iannucci 10th January 2019 Gold miner Perseus Mining has awarded ASX-listed Lycopodium the engineering and supply contract for its Yaouré gold project, in Côte d’Ivoire. Lycopodium told shareholders on Thursday that the contract is expected to generate some $95.1-million in revenue. →
Tanzania's Magufuli wants central bank to buy gold as part of its reserves
By: Reuters 10th January 2019 Tanzanian President John Magufuli said on Wednesday the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency. On Tuesday, Tanzania named its third mining minister since Magufuli was elected in 2015. The mining sector contributes around... →

Centamin output falls 13% y/y in ‘operationally challenged’ year 
By: Simone Liedtke 9th January 2019 Dual-listed Centamin produced 472 418 oz of gold in 2018 – a 13% year-on-year decrease. The company, which operates the Sukari mine, in Egypt, had, during 2018, revised its full-year guidance downward in response to operational challenges, including lower grades from the openpit in the first half... →

Cora appoints WAI to undertake metallurgical test work at Mali project
By: Simone Liedtke 9th January 2019 West Africa-focused gold exploration company Cora Gold has appointed independent consultancy Wardell Armstrong International (WAI) to undertake a preliminary metallurgical test work programme at the company’s Sanankoro gold discovery, in southern Mali. The test work programme has been designed to... →
Fresnillo appoints COO
By: Tasneem Bulbulia 9th January 2019 LSE-listed Fresnillo, which owns gold and silver mines in Mexico, has appointed André Sougarret Larroquete as COO. He will oversee the safe and efficient running of the company’s existing mines. →
AMCU reveals 2019 plans amid ongoing strike at Sibanye-Stillwater 
By: Simone Liedtke 9th January 2019 Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa on Wednesday said the union would continue its protected strike at Sibanye-Stillwater’s gold operations until its demands for a R1 000 increment for the next three-year period are met. He assured members and media... →
Equinox sets 2019 gold output guidance at 230 000 oz to 265 000 oz
By: Tasneem Bulbulia 9th January 2019 Equinox Gold, which produced about 26 000 oz of gold from its Mesquite gold mine, in California, in 2018, expects to produce 230 000 oz to 265 000 oz of gold this year at an all-in-sustaining cost (AISC) of $900/oz to $950/oz. This year's production will include contributions from Mesquite, which... →
Six illegal miners nabbed during gun battle in Ekurhuleni
By: African News Agency 9th January 2019 Gauteng police said on Wednesday that they had taken in for questioning a group of six men suspected to be involved in illegal mining gangsterism in Ekurhuleni areas of Benoni, Springs and Actonville. Mining areas in Ekurhuleni have for years been plagued by illegal mining activities that go... →
Gold treads lower on improved risk appetite; palladium at record high 
By: Reuters 9th January 2019 Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Meanwhile, palladium hit a record high at $1 340.50 an ounce during the session. →

Terramin Australia buys new gold project
By: Esmarie Iannucci 9th January 2019 ASX-listed junior Terramin Australia has struck a deal with Kitticooler Holdings to acquire the Kitticoola gold project, in South Australia. The copper/gold mine was operational between 1846 and 1869, producing some 7 000 t of ore at an estimated grade of 2.25% copper. The gold potential was... →
Beadell misses the mark
By: Esmarie Iannucci 9th January 2019 Embattled gold miner Beadell Resources missed its amended production target during 2018, from its Tucano gold operation, in Brazil. The company in August last year amended the full year production guidance from the original target of 145 000 oz to 155 000 oz, to between 125 000 oz and 135 000... →
Vista granted enviro permitting
By: Esmarie Iannucci 9th January 2019 ASX-listed Titan Minerals has received environmental permitting for its Vista gold plant and mill, in Peru. The company told shareholders on Wednesday that with the environmental approval now in place, the plant was ready for physical inspection by the Direccion Regional De Energia Y Minas for... →
Dacian declares commercial production at Mt Morgans
By: Esmarie Iannucci 9th January 2019 Gold miner Dacian Gold has declared commercial production at its Mt Morgans gold project, in Western Australia, during the month of December. The company on Wednesday reported that the declaration was made at the start of January after mining rates across the operation achieved feasibility study... →
New Gold produces solid gold, copper output for 2018
By: Marleny Arnoldi 9th January 2019 TSX- and NYSE-listed New Gold produced 110 559 oz of gold in the fourth quarter of 2018, taking full-year production to 455 448 oz. Production was supported by the Rainy River and New Afton mines, in Canada. The Rainy River mine reported its best-ever quarterly gold production of 77 202 oz in the... →
Pan American Silver’s Tahoe buyout gets shareholder nod
By: Simone Liedtke 9th January 2019 TSX- and NYSE-listed Tahoe Resources’ shareholders have approved the proposed buyout of the company by Pan American Silver. Pan American’s shareholders, in turn, have approved resolutions related to the transaction, including the issue of common shares to Tahoe shareholders. →
Kirkland Lake produces record gold
By: Esmarie Iannucci 9th January 2019 ASX-, TSX- and NYSE-listed Kirkland Lake Gold has reported record quarter and annual gold productions for the quarter and full-year ended December. The miner reported fourth quarter production of 230 993 oz, up 28% on its previous record of 180 155 oz, while full year production reached 723 477... →
Global gold-backed ETF holdings grew 3% in 2018 – World Gold Council
By: Simone Liedtke 8th January 2019 Global gold-backed exchange-traded funds (ETFs) grew by 3% in 2018, and were driven by strong growth in European funds and increased global inflows during December, the World Gold Council’s monthly gold ETF/exchange-traded product (ETP) report, published on Tuesday, shows. This, the report... →
Kirkland delivers record quarterly gold production
By: Marleny Arnoldi 8th January 2019 TSX- and NYSE-listed Kirkland Lake Gold on Tuesday announced record production of 230 993 oz of gold production in the fourth quarter of 2018, which is 28% higher than the prior record of 180 155 oz achieved in the third quarter of 2018. The company declared a quarterly dividend of $0.04... →
Updated resource estimate significantly increases Landore’s BAM gold resource tonnages
By: Tasneem Bulbulia 8th January 2019 An updated mineral resource estimate on the BAM gold deposit at London-listed Landore Resources’ Junior Lake Property, in Ontario, Canada, has significantly increased the deposit’s gold resource to 28.83-million tonnes at 1.03 g/t gold for 951 000 oz of gold, including 20.20-million tonnes at... →
Tanzania names latest mining minister in ongoing industry clash 
By: Reuters 8th January 2019 Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190-billion tax bill, which has severely limited the London-listed company's operations in the East African nation. Dotto Biteko, whose appointment was announced by... →
Gold miners to focus on mitigating risks – Fitch Solutions 
By: Simone Liedtke 8th January 2019 Consultancy company Fitch Solutions believes the gold mining industry will remain fragmented, with the top five companies producing just one-fifth of global output. Despite the company’s expectation of a slight rebound in prices, it stated in its latest ‘Outlook for gold miners’ report, published... →

Ascot Resources to acquire IDM Mining
By: Tasneem Bulbulia 8th January 2019 IDM Mining and Ascot Resources have entered into a definitive arrangement agreement that will result in Ascot acquiring all of the issued and outstanding common shares of IDM. Each IDM shareholder will be entitled to receive 0.0675 of a common share in Ascot for each share in IDM held. →
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