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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... 


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... 


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