https://www.miningweekly.com
R/€ = 17.60 Change: 0.00
R/$ = 17.63 Change: 0.00
Au 1725.15 $/oz Change: 17.53
Pt 932.00 $/oz Change: 18.00
 

Gold News

New Equinox mine in Brazil reaches commercial milestone

By: Mariaan Webb     Updated 4 hours ago Canadian miner Equinox Gold has achieved commercial production at its Santa Luz mine, in Brazil. “Santa Luz is our fourth operating mine in Brazil and represents 100,000 ounces of average annual production with mine life extension potential from near-mine surface targets, an underground deposit,... 

Gold Fields sets shareholder vote date for Yamana deal

By: Reuters     Updated 4 hours ago Shares in South Africa's Gold Fields jumped by 4% on Tuesday after the gold miner said shareholders would meet next month to vote on its proposed acquisition of Canada's Yamana Gold. Gold Fields announced in May that it had agreed a deal to take over Yamana in an all-share transaction that... 

Investment required to meet mining’s decarbonisation, power challenges – PwC  

By: Martin Creamer     4th October 2022 South Africa’s mining sector will be required to make major investments into alternative and renewable energy sources and energy planning to address the dual challenges of decarbonisation and reliable power supply, PwC said on Tuesday when it launched its SA Mine report, which highlights mining’s... 

Less than 5% of energy consumed by South African mining in 2020 sourced from renewables.
PwC’s SA Mine 2022 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Palladium discovery at Arizona silver mine a potential ‘game-changer’, says Silver Bullet

By: Mariaan Webb     4th October 2022 TSX-V-listed Silver Bullet Mines (SBMI) has made a surprise discovery of significant quantities of palladium and gold in the mineralised material from its Buckeye silver mine, in Arizona, which CEO John Carter says could be a “game changer” for the company. The gold and palladium were discovered... 

New Mexico mine to cost less than $30m – Minera Alamos

By: Mariaan Webb     4th October 2022 TSX-V-listed Minera Alamos has announced the results of a preliminary economic assessment (PEA) for its Cerro do Oro project, in Mexico, detailing plans for a 60 000 oz/y gold mine that will cost less than $30-million. The project has an 8.2-year mine life, based on an initial mineable total of... 

Energy and battery minerals driving Australian exports to record levels

By: Esmarie Iannucci     4th October 2022 Australia’s resources and energy exports are forecast to reach a record A$450-billion in 2022/23, with the export of battery metals, including copper, nickel and lithium, expected to more than double on the 2020/21 earnings. In the latest Resources and Energy Quarterly, the Office of the Chief... 

Image shows operations at Port Hedland

More platinum-based green hydrogen generation on the way 

By: Martin Creamer     3rd October 2022 Up to 1 350 t of green hydrogen can now be generated a year from renewable solar and wind power in the Wunsiedel Energy Park, in Germany. “This is another example of platinum-based production of green hydrogen in Europe that will assist both the replacement of imported natural gas and the earlier... 

Demand for platinum-based green hydrogen generation growing.
Demand for platinum-based green hydrogen generation growing.

Sibanye ups shareholding in Keliber to nearly 85%

By: Mariaan Webb     3rd October 2022 Diversified mining company Sibanye-Stillwater has increased its effective shareholding in Finnish company Keliber to 85.96%, as part of financing arrangement that enables the lithium project to progress to the construction phase. In the first stage of the financing arrangement - announced in... 

Burkina Faso miners say work continues despite coup

By: Reuters     3rd October 2022 Endeavour Mining's operations in Burkina Faso are "unaffected by recent political events", the gold miner said on Monday after the West African nation's second military coup of the year on Friday. Endeavour is the biggest mining company in Burkina Faso, with four gold mines - Houndé, Mana,... 

An image of a gold bar produced at the Wahgnion mine in Burkina Faso

WA miners worried about staff, optimistic on deals - report

By: Esmarie Iannucci     3rd October 2022 A new report by consulting services firm MinterEllison has highlighted the three key issues facing the mining and services sector. Research conducted among Western Australian mining executives has revealed concerns about rising costs, labour shortages, inflationary pressure, supply chain and... 

Iamgold reports board resignation

By: Mariaan Webb     3rd October 2022 Canada-based gold miner Iamgold has reported the resignation of Deborah Starkman from its board of directors, effective September 30. The decision to resign was to focus on her other processional commitments, the NYSE- and TSX-listed company said in a statement on Friday. 

Great Panther shifts leadership deck

By: Creamer Media Reporter      3rd October 2022 Precious metals miner Great Panther has announced board and management changes as part of its ongoing strategic initiative to reposition the company. Three of its directors, Elise Rees, Kevin Ross and Dana Williams, have each resigned from the board, with effect from September 30. 

West African not disturbed by coup

By: Esmarie Iannucci     3rd October 2022 ASX-listed West African Resources on Monday said that operations at its Sanbrado gold mine, in Burkina Faso, continued as normal, despite political unrest. Burkina Faso President Paul-Henri Damiba has resigned following a military coup. 

Red 5 sets A$66m raising target

By: Esmarie Iannucci     3rd October 2022 Gold miner Red 5 will raise A$60-milion in a two-tranche share placement to support the ramp-up of its King of the Hills (KOTH) gold mine, in Western Australia. The ASX-listed company on Monday said it had received firm commitments for the placement of 375-million new fully paid ordinary shares,... 

Zimbabwe wants half of royalties paid in gems, precious metals

By: Bloomberg     30th September 2022 Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the... 

TRX commissions expanded oxide mill at Buckreef, Tanzania

By: Creamer Media Reporter      30th September 2022 Toronto-listed TRX Gold has commissioned the expanded 1 000 t/d oxide mill circuit at the Buckreef gold mine, in Tanzania. The mill expansion, from the original 360 t/d capacity, was planned less than 12 months ago at a capital cost of $4-million. The processing plant should reach its nameplate... 

An image of the plant at Buckreef, Tanzania

Maelgwyn leveraging South Africa, African growth to expand business

By: Tasneem Bulbulia     30th September 2022 Owing to the considerable organic growth it has achieved in South Africa and Africa, mineral processing technologies and processes provider Maelgwyn has relocated to a new building, in Boundary Park, North Riding, and is aiming to leverage these premises and the enhanced capacity and capabilities... 

Endeavour appoints LBMA director to its board

By: Creamer Media Reporter      30th September 2022 LSE- and TSX-listed Endeavour Mining has appointed Sakhila Mirza, currently general counsel and an executive director of the London Bullion Market Association (LBMA) to its board of directors. Mirza has been appointed an independent nonexecutive director of Endeavour. 

New production targets for Sandfire as Simich steps down

By: Esmarie Iannucci     30th September 2022 Copper/gold miner Sandfire Resources has lifted its production guidance for 2023, announced the departure of its MD and CEO, Karl Simich, and completed a key financing milestone for its Motheo project, in Botswana. Sandfire on Friday announced that group production for the 2023 financial year is... 

Not much activity in the gold markets in August – WGC

By: Darren Parker     29th September 2022 Gold-related activity among central banks was muted in August, with only a handful of banks meaningfully contributing to the overall monthly total, World Gold Council (WGC) senior analyst Krishan Gopaul said on September 29 with the release of the WGC’s quarterly statistical update on gold... 

gold coins stacked

IAMGOLD is nearing its 70% interest after six years of investment in Senala project

By: Marleny Arnoldi     29th September 2022 Aim-listed Oriole Resources has announced its joint venture partner IAMGOLD Corporation is in the penultimate year of a six-year option agreement to earn a 70% interest in the Senala project, in Senegal. IAMGOLD earns this interest by spending up to $8-million on the project.  

Blue Spec gives life to Calidus' sulphide plans

By: Esmarie Iannucci     29th September 2022 Gold junior Calidus Resources on Thursday announced a maiden reserve for the Blue Spec satellite deposit, at its Warrawoona project, in Western Australia, which could support the planned Stage 2 sulphide plant. Calidus has announced a maiden reserve of 83 000 oz at the Blue Spec deposit, which... 

Matsa's asset sales hangs in the balance

By: Esmarie Iannucci     29th September 2022 Junior Matsa Resources’ A$20-million sale of its Devon and Red October projects, in Western Australia, is under threat after buyer Linden Gold Alliance failed to meet its ASX listing deadline. Matsa in December last year struck a deal with Linden to divest of the Red October and Devon projects... 

Sabina makes first drawdown on $125m gold stream

By: Creamer Media Reporter      29th September 2022 Precious metals company Sabina Gold & Silver has drawn $31.25-million on its $125-million gold stream facility with Wheaton Precious Metals. The proceeds of the stream are being used to continue development and construction of the Goose mine at its 100%-owned Back River gold district, in Nunavut. 

Mining Union calls for Energy Transition Authority

By: Esmarie Iannucci     29th September 2022 The Miners Union has called for the establishment of a national Energy Transition Authority amid announcements that coal-fired power stations on both Victoria and Queensland would be fast-tracked to closure. The Queensland government this week announced plans to exit coal-fired power stations... 

Newmont finance chief steps down

By: Mariaan Webb     29th September 2022 Gold major Newmont has started a global search for a CFO following the departure of Nancy Buese, who is stepping down to pursue an opportunity outside of the company. Brian Tabolt, currently VP, controller and chief accounting officer, has been appointed CFO on an interim basis. 

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Grant Mitchell: Minerals Councll Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nevada Gold Mines wraps up gold royalty sale

By: Creamer Media Reporter      28th September 2022 Nevada Gold Mines (NGM) – a joint venture between Barrick and Newmont – on Wednesday announced the closing of its previously announced sale of a portfolio of royalties to Gold Royalty for $27.5-million. The sale was satisfied through the issuance of Gold Royalty to NGM of 9 393 681 common shares. 

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

Sandstorm Gold to raise $80m

By: Mariaan Webb     28th September 2022 Gold royalty company Sandstorm Gold has announced a $80-million capital raising to fund future acquisitions or streams and royalties, as well as the repayment, from time to time, of amounts drawn under its revolving creditor facility. The NYSE- and TSX-listed company has entered into an... 

Beaufor idled amid operational, financial woes

By: Mariaan Webb     28th September 2022 The Beaufor gold mine, in Val’d Or, Quebec, is being put on care and maintenance for “an undetermined period”, owner Monarch Mining said on Tuesday, citing financial and operational challenges. The TSX-listed company at the end of last month started slowing down its mining activities at Beaufor,... 

PNX buys Mt Porter deposit

By: Esmarie Iannucci     28th September 2022 Metals explorer PNX Metals will acquire the Mt Porter gold deposit, in the Northern Territory, which is within trucking distance of its Fountain Head and Hayes Creek zinc/gold/silver development. The company struck a deal with unlisted Ausgold Trading to acquire the Mt Porter deposit for... 

Kin takes a minor stake in Dacian

By: Esmarie Iannucci     28th September 2022 Junior Kin Mining has acquired 20-million shares in takeover target Dacian Gold, giving it a 1.63% stake in the company. ASX-listed Genesis Minerals is in the midst of a takeover of Dacian Gold, offering 0.0843 of its own shares for every Dacian share held, implying a value of 10.2c a share for... 

GoldStone records good results from diamond drilling at Ghana project

By: Tasneem Bulbulia     27th September 2022 Aim-listed GoldStone Resources has provided the assays from the first three holes of the diamond drilling (DD) programme, announced August 30, with the company highlighting “very encouraging results”. These holes are the first in a programme designed to probe the southward extension of the... 

Cora delays Sanankoro DFS

By: Darren Parker     27th September 2022 West Africa-focused gold company Cora Gold has announced that the definitive feasibility study (DFS) for the Sanankoro gold project, in southern Mali, will not be completed during the third quarter as previously announced. Instead, Cora said on September 27 that, while several of the DFS work... 

Finland plans new tax on mining

By: Reuters     27th September 2022 Finland's government plans to introduce a new tax on minerals extracted by the mining industry, the Nordic country's finance ministry said on Tuesday. Some of the European Union's greatest known reserves of minerals used for batteries and other products are located in Finland where there are... 

Finland plans new tax on mining

GCM and Aris complete business combination

By: Creamer Media Reporter      27th September 2022 Toronto-listed mining companies GCM Mining and Aris Gold have completed their business combination and renamed the combined entity Aris Mining Corporation. Aris Mining now operates several high-grade underground mines at its Segovia Operations and the Marmato mine, in Colombia, which together... 

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
1
2 3 4 5 6 7 8 9

Company Post

more

Latest News

more

Latest Videos

more

Press Office

more

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now