R/€ = 16.71 Change: 0.04
R/$ = 15.57 Change: 0.04
Au 1853.66 $/oz Change: -5.10
Pt 956.50 $/oz Change: 3.00

Creamer Media Reporter

Creamer Media’s news team is based mainly in South Africa, but the team includes regular correspondents from other parts of Africa, such as Zimbabwe, Malawi, Botswana, Kenya and the rest of the world, including the United Kingdom, Australia and India. Email:

Barrick makes major Tanzania social, skills and infrastructure commitment

27th May 2022 Canada-headquartered bullion major Barrick Gold on Friday announced that it would spend $6 for every ounce of gold sold by its two mines in Tanzania on improving healthcare, education, infrastructure and access to potable water in the surrounding communities. At the same time, the miner has... 

SilverCrest starts commissioning at Las Chispas

27th May 2022 Ausenco Engineering Canada has completed construction of the Las Chispas processing plant, in Mexico, and handed it over to SilverCrest Metals, the Canada-based precious metals company reported on Thursday. Other construction activities handled directly by SilverCrest, including road, bridge, dry... 

Sierra Madre buys La Guitarra from First Majestic

26th May 2022 TSX-V-listed Sierra Madre Gold and Silver on Wednesday announced that it would buy the high-grade, past-producing underground La Guitarra silver/gold mine, in Mexico, from First Majestic Silver. The fully permitted La Guitarra mine and 500 t/d mill would advance Sierra Madre’s goal towards... 

K+S Potash looking to hire more people as it outlines Bethune growth plans

26th May 2022 K+S Potash Canada (KSPC) on Wednesday unveiled its long-term growth plan for the Bethune mine, in Saskatchewan, announcing that it would effectively double production capacity over the next couple of decades towards four-million tonnes a year. “Saskatchewan has the food, fuel and fertilizer the... 

Luke Norman appointed US Gold chair

26th May 2022 Exploration and development company US Gold cofounder Luke Norman has been appointed chairperson of the company, following a board resolution to increase its size from five to six members. George Bee, who has held the chairperson position since March 2021, will remain as president and CEO of US... 

European tungsten miner delists from AIM

25th May 2022 Tungsten, tin and gold mining company W Resources on Wednesday announced the delisting of its shares from trading on AIM and said that it would seek a relisting on a stock exchange in future, should circumstances allow. Trading in W Resources’ shares was suspended on April 5, owing to the impact... 

Cariboo has an attractive production profile, says Osisko Development

25th May 2022 Canada-based Osisko Development is proceeding to a feasibility study at its flagship Cariboo project, in central British Columbia, following the completion of a preliminary economic assessment (PEA). The PEA provides an attractive potential gold production profile of about 297 000 oz/y when... 

Hudbay receives favourable court decision for Copper World

25th May 2022 Dual-listed Hudbay Minerals has received a favourable decision form the US District Court for Arizona relating to its Copper World project. The court ruled in favour of Hudbay on all issues, including that Copper World and Rosemont are not connected under the National Environmental Policy Act... 

Molo Phase 1 construction budget increased by $3m; construction starts on hybrid power plant

25th May 2022 TSX-listed NextSource Materials says increases in global logistics costs have resulted in a $3-million increase in the construction budget for Phase 1 of the Molo graphite mine, in Madagascar. The Phase 1 capital cost budget is now $24-million, plus a further $3-million for working capital. 

Chaarat grows Tulkubash resource estimate

24th May 2022 The 2021 drilling programme at Tulkubash has added about a year to the project’s mine life, Aim-listed Chaarat Gold reported on Tuesday. The drilling delivered a 13% increase in gold in the ore reserve to 647 000 oz at a grade of 0.87 g/t. 

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