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AngloGold Ashanti CEO Alberto Calderon
AngloGold reports dip in full-year profit, but strong free cash flow generation and production
23rd February 2024 By: Marleny Arnoldi

Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The... 


Xtract's Kalenga copper project, in Zambia
Xtract concludes Manica disposal
23rd February 2024 By: Marleny Arnoldi

Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit... 


Perseus expresses interest in Newmont’s Ghana mine sale
Perseus expresses interest in Newmont’s Ghana mine sale
23rd February 2024 By: Mariaan Webb

Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont’s announcement on Thursday of... 


Perseus chairperson and CEO Jeff Quartermaine
Perseus posts 21% increase in interim profit
23rd February 2024 By: Marleny Arnoldi

ASX- and TSX-listed Perseus Mining has posted an 18% year-on-year improvement in earnings before interest, taxes, depreciation and amortisation to $280-million, as well as a 21% increase in profit... 


Eldorado lifts capex estimate for Greece mining project
Eldorado lifts capex estimate for Greece mining project
23rd February 2024 By: Mariaan Webb

Canada-based Eldorado Gold has increased the capital expenditure (capex) estimate of the Skouries project, in Greece, to $920-million, but between the project finance facility and balance sheet,... 


Natascha Viljoen
Atkinson’s responsibilities shift to new COO Natascha Viljoen
23rd February 2024 By: Creamer Media Reporter

Following a five-month handover period, Newmont has completed its COO transition and starting next week, Rob Atkinson will transition all his remaining responsibilities to new COO, Natascha... 


Man in hard hat assessing Enduron high-pressure grinding rolls
Smarter mining key amid current market conditions
23rd February 2024 By: Tracy Hancock

Despite the boon of improved uranium demand, overall, depressed commodity prices and costly operating conditions are emphasising the need for Namibian mining companies to ensure that they mine a... 


Sylvania reports positive results despite lower PGM prices
22nd February 2024 By: Sabrina Jardim

Platinum group metals (PGMs) producer and developer Sylvania Platinum says its revenue and net profit for the 2023 financial year remained respectable, despite the impact of a significantly lower... 


Gold Fields' Damang mine, in Ghana
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
22nd February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 


Equinox targets one-third production jump this year
22nd February 2024 By: Creamer Media Reporter

Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year. Equinox, which has seven... 


Harmony's Moab Khotsong mine
Harmony's shares rise on higher earnings outlook
22nd February 2024 By: Creamer Media Reporter

JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to... 


Record dividend for Northern Star as growth strategy delivers cash earnings boost
Record dividend for Northern Star as growth strategy delivers cash earnings boost
22nd February 2024 By: Mariaan Webb

Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold... 


Illegal miners
Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining
21st February 2024 By: Darren Parker

The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to... 


An image of Perseus CEO and chairperson Jeff Quartermaine
Perseus enters into co-investment cooperation agreement with Saudi company
21st February 2024 By: Tasneem Bulbulia

ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate... 


Sibanye CEO Neal Froneman
Sibanye incurs $2.58bn in impairments on lower metals prices
21st February 2024 By: Tasneem Bulbulia

Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration... 


An image of West Wits chairperson Michael Quinert
South Africa’s IDC begins due diligence work for Qala Shallows project funding
21st February 2024 By: Tasneem Bulbulia

South African development finance institution the Industrial Development Corporation (IDC) has begun work to complete its due diligence investigation as part of its proposed R300-million (about... 


Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says
21st February 2024 By: Reuters

Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential US Federal Reserve interest rate cuts, analysts at Goldman Sachs said. "The immediate... 


Abcourt restarts Sleeping Giant mill
21st February 2024 By: Creamer Media Reporter

Toronto-listed Abcourt Mines on February 13 started processing gold at its Sleeping Giant mill,near Amos, Quebec. The mill operated at 20 t/h during this first week. On Monday, the mill began to... 


The water treatment plant at the Premier gold mine, in British Columbia.
Early commissioning under way at Ascot’s Premier gold mine
21st February 2024 By: Mariaan Webb

Construction of the Premier gold project, in the prolific Golden Triangle of north-western British Columbia, is nearing completion and early commissioning is now under way. First ore delivery to... 


DRDGOLD’s business model is ESG in action
DRDGOLD’s business model is ESG in action
20th February 2024 By: Tracy Hancock

Considering that environmental, social and governance (ESG) aspects have become increasingly important over the years, especially in the mining industry, gold producer DRDGOLD emphasises that its... 


The Twin Hill project area in Namibia
Osino ditches Dundee for superior proposal from foreign suitor
20th February 2024 By: Mariaan Webb

Canada-based Osino Resources is walking away from a takeover by gold miner Dundee Precious Metals (DPM) and has instead opted to accept an offer from a foreign-based mining company. The... 


Forge Academy launches new 4IR training centre in partnership with Sibanye-Stillwater
19th February 2024 By: Schalk Burger

Technology training company Forge Academy has launched a new Fourth Industrial Revolution (4IR) training centre and two courses in partnership with mining company Sibanye-Stillwater. The first two... 


Polymetal CEO Vitaly Nesis
Polymetal to sell Russian unit for $3.7bn
19th February 2024 By: Bloomberg

Gold miner Polymetal International will sell its sanctioned Russian unit in a deal worth a total of nearly $3.7-billion, the Kazakhstan-registered firm said in a statement. The business will be... 


New Cascabel PFS cuts initial capex
19th February 2024 By: Creamer Media Reporter

London- and Toronto-listed SolGold has announced the results of a new prefeasibility study (PFS) for the Cascabel project, in Ecuador, which supports a phased block cave mine development that... 


SSR Mining says environmental permit for Turkey mine has been revoked
SSR Mining says environmental permit for Turkey mine has been revoked
19th February 2024 By: Reuters

Canada-listed gold miner SSR Mining said late on Sunday that its environmental permit for a gold mine in eastern Turkey has been revoked. The operations at the company's Copler mine will remain... 


Cosmo exercises option to acquire Kanowna project
19th February 2024 By: Creamer Media Reporter

Gold and base metals exploration company Cosmo Metals on Monday announced it would acquire the Kanowa Gold Project (KGP), located adjacent to the seven-million ounce Kanowa Belle gold mine,... 


NewPeak sells Finland, NZ gold assets as it switches to battery metals
19th February 2024 By: Mariaan Webb

Australia-based NewPeak Metals has announced the sale of its Finland and New Zealand gold permits as part of the company’s strategic rejuvenation plan to focus on battery and critical metals. The... 


SSR Mining says eight employees detained after Turkey mine landslide
SSR Mining says eight employees detained after Turkey mine landslide
19th February 2024 By: Reuters

Gold miner SSR Mining said on Friday that eight of its employees have been detained amid an investigation into a landslide at its mine in Turkey and that operations there remain suspended. SSR... 


Big new Canada gold mine to enter production next month
Big new Canada gold mine to enter production next month
16th February 2024 By: Mariaan Webb

The Côté gold mine, in Sudbury, Ontario, is on the cusp of production, Toronto-listed Iamgold reported on Thursday. The project entered 2023 with construction about 64% completed and finished the... 


Long stop date for Xtract’s disposal of Mozambique project extended
16th February 2024 By: Tasneem Bulbulia

Aim-listed Xtract Resources says the long stop date in relation to the disposal of its entire interests in the Manica gold project, in Mozambique, has been extended from February 15 to February 23... 


An image of Sylvania Platinum CEO Jaco Prinsloo
Updated MRE for Sylvania’s Volspruit project shows improved grades
16th February 2024 By: Tasneem Bulbulia

Aim-listed Sylvania Platinum has announced the completion of a mineral resource estimate (MRE) update for its Volspruit project, located on the Northern Limb of the Bushveld Complex in South... 


Kin Mining proposes merger with PNX Metals
16th February 2024 By: Mariaan Webb

Following the recently completed sale of certain gold deposits to Genesis Minerals, ASX-listed Kin Mining is well-funded with A$75-million in cash and liquid assets and is now looking for potential... 


Three dead as bus carrying B2Gold employees attacked in Mali
16th February 2024 By: Reuters

B2Gold Corp on Thursday said three of its employees died after sustaining injuries in an attack on an employee transport convoy in Mali. A bus transporting B2Gold employees from the Fekola Mine to... 


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