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Gold News

Sibanye launches campaign to reimagine, foster Marikana community of the future 

By: Donna Slater     Updated 6 hours ago Precious metals miner Sibanye-Stillwater has launched the Marikana Renewal Programme to tackle the legacy of the Marikana mine following the August 16, 2012, killing of 34 mineworkers by the South African Police Service. Sibanye had acquired the Marikana mine when it bought out Lonmin in 2019.... 

Gold, exploration and coal contracts make headlines  

16th April 2021 Mining Weekly Editor Martin Creamer unpacks Barberton’s potential to get South African gold mining going again, South Africa’s exploration industry's deadline to comment on controversial draft regulations and Treasury being asked to cancel coal contracts and replace them with new ones at double... 

Gold, exploration and coal contracts make headlines
Gold, exploration and coal contracts make headlines (Camera: Nicholas Boyd)

i-80 to start major drill campaign at Getchell

By: Mariaan Webb     16th April 2021 Nevada-focused i-80 is gearing up for a major drill campaign at its Getchell project, near Winnemucca, CEO Ewan Downie said on Thursday, announcing that it had completed the purchase of the project from Waterton Global Resource Management. The Getchell project will be i-80’s focus for the year,... 

Medusa invests in Co-O infrastructure

By: Esmarie Iannucci     16th April 2021 Gold miner Medusa Mining has approved the $54-million spend on the Tigerway decline project, at its Co-O gold mine in the Philippines. A study completed early in 2020 concluded that the establishment of the Tigerway decline was the best option to access ore below Level 12 at the mine, extending... 

Barrick maintains full-year guidance after good first-quarter performance 

By: Marleny Arnoldi     15th April 2021 NYSE- and TSX-listed Barrick Gold says it is on track to reach its production targets for the current financial year, after reporting preliminary production of 1.1-million ounces of gold and 93-million pounds of copper in the first quarter of the year. The preliminary first-quarter gold output... 

Barrick maintains full-year guidance after good first-quarter performance
Pueblo Viejo

Board approves African Gold Group’s plan to update Kobada DFS

By: Donna Slater     15th April 2021 Following encouraging results from an exploration drilling campaign and sulphide metallurgical test work, TSX-V-listed gold explorer and developer African Gold Group (AGG) has received board approval to initiate an update to the July 2020 definitive feasibility study (DFS) to advance its flagship... 

Anglo Asian forecasts lower 2021 gold output

By: Creamer Media Reporter      15th April 2021 London-listed Anglo Asian expects this year’s gold production to fall below that of last year, as the Ugur mine in the Gedabek licence area, in Azerbaijan, has been depleted, but copper production will increase year-on-year. This year, mining will only take place in the existing Gedabek openpit... 

Anglo Asian forecasts lower 2021 gold output
The Gedabek operation in Azerbaijan

Irish junior IMC to buy northern Armenia gold mine

By: Creamer Media Reporter      15th April 2021 Ireland-based IMC Exploration has announced a conditional agreement to buy the Karaberd gold mine, in northern Armenia, thereby expanding the geographical scope of its operations. London-listed IMC will buy the entire issued share capital of MVI Ireland from Mineral Ventures Invest, a reverse... 

AngloGold establishes BG Umoja JV to build local specialised mining capacity

By: Donna Slater     15th April 2021 Gold miner AngloGold Ashanti, in line with its strategy to ensure a sustainable contribution to the economies in host countries, has established the BG Umoja joint venture (JV), in Tanzania. The JV has been awarded a $186-million two-year mining contract for the Nyankanga and Geita Hill... 

PTM to oppose latest Waterberg project appeal

By: Donna Slater     15th April 2021 TSX- and NYSE-listed platinum group metals miner Platinum Group Metals (PTM) has received a further notice appealing the granting of a mining right to Waterberg Joint Venture (JV) Resources. The mining right had been granted by the Department of Mineral Resources and Energy (DMRE) on January 28.  

Top eight gold producers’ output to increase again after 2020 drop

By: Donna Slater     15th April 2021 Production from the world’s eight largest gold producers – Newmont, Barrick Gold, AngloGold Ashanti, Polyus, Kinross, Gold Fields, Newcrest and Agnico-Eagle – decreased by 6.5% year-on-year to 24.98-million ounces in 2020, reports data and analysis provider GlobalData. The lower output is the... 

Top eight gold producers’ output to increase again after 2020 drop
Barrick was forced to cease operations at Veladero (pictured) temporarily, owing to the Covid-19 pandemic.

Maiden resource declared at Bellevue's Marceline discovery

By: Esmarie Iannucci     15th April 2021 ASX-listed Bellevue Gold has increased its global mineral resource to 2.7-million ounces, at 9.9 g/t gold, following the report of a maiden resource at the Marceline discovery in Western Australia. The Marceline discovery has been estimated to host 310 000 oz, at 9.7 g.t gold, including an... 

Red 5 completes retail capital raise

By: Esmarie Iannucci     15th April 2021 Gold miner Red 5 has completed the retail component of its entitlement offer, raising A$20.82-million. The company in March this year launched a fully underwritten non-renounceable entitlement offer, priced at 16c a share, to raise A$60-million as part of its greater financing efforts to fund... 

Titan to sell Ecuador assets for A$15m

By: Esmarie Iannucci     15th April 2021 ASX-listed Titan Minerals has inked a term sheet to divest of its Zaruma gold mine and the Portovelo process plant, in Ecuador, for $15-million. The non-core Zaruma mine comprises of 30 concessions over 7 615 ha, which is currently being transferred into newly established entities as part of... 

Barberton should be focus of new gold thrust – exploration geologist  

By: Martin Creamer     14th April 2021 Barberton should be the prime target to get South African gold mining going again, with geologists having an input at all stages of development and mining cycle. “The main area that I think we should be concentrating on now is on Barberton. I think it has some exceptional geology,” said highly... 

Barberton should be focus of new gold thrust – exploration geologist
Exploration geologist Graham Gavine interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye continues to increase geographical diversity through M&As, says Froneman

By: Simone Liedtke     14th April 2021 While 2021 is looking like a solid year for precious metals miner Sibanye-Stillwater, executive director and CEO Neal Froneman has emphasised that the company will continue to increase its geographical diversity through value-accretive mergers and acquisitions (M&A) transactions. He noted during... 

Sibanye continues to increase geographical diversity through M&As, says Froneman
Sibanye-Stillwater CEO Neal Froneman

Premier spin-out i-80 falls on TSX debut

By: Mariaan Webb     14th April 2021 Nevada-focused i-80 Gold, which was spun out of Premier Gold as part of a takeover by Equinox Gold, made its debut on the Toronto Stock Exchange on Tuesday. i-80, in which Equinox remains a cornerstone shareholder, opened at C$3.05 a share, but closed 21% down at C$2.40 a share. The new miner... 

Paramount receives permits for drilling near Grassy Mountain

By: Creamer Media Reporter      14th April 2021 NYSE American-listed Paramount Gold Nevada is gearing up to start a 15-hole reverse circulation drilling campaign at the Frost project, south-west of the company’s proposed high-grade underground Grassy Mountain gold mine, later this quarter. The company reported on Tuesday that it had received... 

Fatal incident at Gold Field’s South Deep

By: Tasneem Bulbulia     14th April 2021 An employee at gold miner Gold Fields’ South Deep mine, in South Africa, lost his life in a mining incident on April 13. Vumile Mgcine, a shaft timberman, succumbed from injuries sustained while attempting to unblock a shute outlet on an underground conveyor belt, the company reports. 

Matsa moves to PFS at Devon

By: Esmarie Iannucci     14th April 2021 A scoping study into the Devon pit, at the Lake Carey gold project in Western Australia, has proven that mining operations could be economically viable. ASX-listed Matsa Resources on Wednesday noted that the scoping study showed that the Devon pit could deliver a potential cash surplus of... 

Resolute clears up Bibiani issues

By: Esmarie Iannucci     14th April 2021 The Ghanaian government has restored the mining lease for the Bibiani gold mine, ASX- and LSE-listed Resolute Mining reported on Wednesday, however the sale of the asset was now being questioned. The company in March this year announced that it would seek legal advice after the Ghanaian... 

Resolute clears up Bibiani issues

Yamana invests C$20.6m in Ascot

By: Mariaan Webb     13th April 2021 Precious metals miner Yamana Gold has invested C$20.64-million in explorer and developer Ascot Resources, which is restarting the past-producing Premier gold mine, in British Columbia’s Golden Triangle. Ascot reported on Monday that it had entered into an agreement with Stifel for a private... 

Yamana invests C$20.6m in Ascot

Skeena returns mineral tenures to establish new conservancy

By: Creamer Media Reporter      13th April 2021 Canadian explorer Skeena Resources, which is revitalising the past-producing Eskay Creek gold/silver mine in the Tahltan Territory in the Golden Triangle, is returning its mineral tenures for the Spectrum mineral claim to establish a new conservancy. The new 3 500 ha conservancy adjoins the 230... 

Eldorado Q1 output in line with 2021 guidance

By: Creamer Media Reporter      13th April 2021 Canada-based Eldorado Gold on Monday announced first-quarter preliminary gold production of 111 742 oz, which the miner said was in line with its 2021 yearly guidance of 430 000 oz to 460 000 oz. The Kisladag mine, in Turkey, contributed the bulk of production with output of 46 172 oz, while... 

Stewart mining camp consolidation overdue, say Scottie and AUX

By: Mariaan Webb     13th April 2021 TSX-V-listed juniors Scottie Resources and AUX Resources on Monday announced a transaction to consolidate gold/silver exploration assets in the Stewart mining camp in the Golden Triangle of British Columbia. Pursuant to the terms of the letter of intent, Scottie would acquire AUX for one common... 

Stewart mining camp consolidation overdue, say Scottie and AUX
Scottie and AUX combined claims

Theta's underground study delivers

By: Esmarie Iannucci     13th April 2021 A prefeasibility study (PFS) into the ASX-listed Theta Gold Mines’ TGME underground project, in South Africa, has estimated that the project would cost some $79-million to develop. Theta Gold Mines on Tuesday told shareholders that the TGME underground project was expected to deliver some 419... 

IGO sells Tropicana for A$903m

By: Esmarie Iannucci     13th April 2021 Gold miner Regis Resources on Tuesday announced plans to raise A$650-million capital raise to partly fund the A$903-million buy of ASX-listed Independence Group’s (IGO’s) 30% interest in the Tropicana gold project, in Western Australia. Regis and IGO have inked a conditional binding agreement... 

IGO sells Tropicana for A$903m

Equinox kicks off Bermejal development at Los Filos

By: Creamer Media Reporter      12th April 2021 Development of the Bermejal underground mine – one of three planned expansion projects at the Los Filos mine, in Mexico, is under way. Bermejal is a higher grade expansion project that will increase Los Filos’ yearly production, reports Equinox Gold CEO Christian Milau. 

Oriole discovers visible gold in two holes at Bibemi

By: Donna Slater     12th April 2021 West Africa-focussed explorer Oriole Resources reports that visible free gold mineralisation has been identified in multiple drill holes at its 51%-owned Bibemi gold project, in Cameroon. The company is conducting an ongoing maiden diamond drilling programme, for a planned 3 080 m of drilling of... 

Centerra Gold lists in New York

By: Creamer Media Reporter      12th April 2021 Canada-based gold mining company Centerra Gold on Monday announced that it would list its common shares on the NYSE, with trading expected to start on Thursday. The Toronto-headquartered miner’s primary exchange would remain the TSX. 

Kefi issues shares to warrant holder

By: Tasneem Bulbulia     12th April 2021 Aim-listed Kefi Copper and Gold has received notice from a warrant holder to exercise warrants over 15-million new ordinary shares, and accordingly, has on April 12 allotted and issued 15-million new ordinary shares. Kefi has projects in Ethiopia and Saudi Arabia. 

Suntrace, BayWa complete solar-battery hybrid system for B2Gold’s Fekola mine

By: Tasneem Bulbulia     12th April 2021 Renewable energy companies Suntrace and BayWa, together with gold miner B2Gold, have completed commissioning of the world’s largest off-grid solar-battery hybrid system for the mining industry, at the Fekola gold mine, in Mali. The solar-battery hybrid plant was integrated and commissioned... 

Artemis selects banks for $360m Blackwater project loan

By: Creamer Media Reporter      12th April 2021 Vancouver-headquartered Artemis Gold has selected two banks to arrange a C$360-million project loan facility to fund a significant portion of the estimated construction costs of its Blackwater project, in central British Columbia. The company has received and executed a credit approved mandate... 

Artemis selects banks for $360m Blackwater project loan

Pantoro reaches milestone at Norseman

By: Esmarie Iannucci     12th April 2021 ASX-listed Pantoro has reached it’s A$50-million sole-fund milestone at the Norseman gold project, in Western Australia, forming an unincorporated joint venture (JV) with fellow-listed Tulla Resources. Pantoro on Monday told shareholders that as a 50% shareholder in the project, the company’... 

Antipa JV's exploration budget increases

By: Esmarie Iannucci     12th April 2021 The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million. ASX-listed Antipa Minerals on Monday reported that as a result of JV partner Rio Tinto Exploration sole funding more... 

Antipa JV's exploration budget increases

Gold Road's Tropicana buy not finalised

By: Esmarie Iannucci     12th April 2021 Gold miner Gold Road Resources has reportedly missed out on acquiring fellow-listed Independence Group’s (IGO’s) 30% share of the Tropicana gold mine, in Western Australia. Gold Road on Monday responded to media speculation about potential discussions with IGO around its interest in the joint... 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Exploration industry has tight deadline to comment on controversial draft regulations
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kirkland Lake outperforms Q1 guidance

By: Mariaan Webb     9th April 2021 Gold miner Kirkland Lake on Friday announced its first-quarter results, exceeding its guidance on the back of higher-than-expected production at the Forsterville mine, in Australia, and the Detour Lake mine, in Canada. The company, which trades on the TSX, NYSE and ASX, produced 302 847 oz,... 

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