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O3 Mining sells Quebec property to Eldorado
12th March 2024 By: Creamer Media Reporter

Gold explorer and developer O3 Mining has sold its Louvem property, in Val-d’Or, Quebec, to Eldorado Gold for C$80 000 and the retention of a 0.5% net smelter return (NSR) royalty. Eldorado has... 


From left Orion Resource Partners’ Andrew Ham, Rigel’s Stephen Saunders, Aurous CEO Richard Floyd, Citi’s Michael Cramer, and Citi South Africa’s Flint McGregor.
South African gold producer to go public in combination with US group
11th March 2024 By: Martin Creamer

South African gold producer Aurous, which owns and operates the Blyvoor gold mine and the Gauta tailings retreatment project on Gauteng's West Rand, has announced plans to go public through a... 


Gold bars
Gold pushes toward record as test of $2 200 looms on Fed outlook
11th March 2024 By: Bloomberg

Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying... 


Gold Fields' Khanyisa solar plant at South Deep
Gold Fields to build its biggest renewable energy project yet at St Ives
11th March 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields’ board has approved a A$296-million, or $195-million, renewable energy project to be built at the St Ives mine, in Western Australia. The plant, comprising 42 MW... 


SSR makes changes to its leadership team
11th March 2024 By: Creamer Media Reporter

US-based SSR Mining has reorganised key roles and responsibilities within its executive leadership team. The leadership changes include appointing executive VP, chief legal and administrative... 


Prime Minister Marcel Ciolacu
Gabriel Resources loses damage claim against Romania for failed gold mine project
11th March 2024 By: Reuters

The Romanian government said on Friday it won an arbitrage trial filed by Canada's Gabriel Resources, which wanted compensation after its plan to build Europe's largest open cast gold mine in the... 


Australia gold production dips, but Close says nothing to worry about
Australia gold production dips, but Close says nothing to worry about
11th March 2024 By: Creamer Media Reporter

Australian gold production reduced by 3%, or 9 t, to 304 t last year, Melbourne-based gold mining consultant Surbiton Associates reported on Sunday, but director Dr Sandra Close said that the drop... 


Gold surge could dull Indian wedding season demand; China outlook robust
Gold surge could dull Indian wedding season demand; China outlook robust
8th March 2024 By: Reuters

A surge in global gold prices to record highs could dampen consumption during the wedding season in India, but top buyer China will see robust safe-haven demand this year, analysts and traders... 


Resolute Mining maintains mineral resources owing to exploration success
8th March 2024 By: Tasneem Bulbulia

ASX- and London-listed Resolute Mining has published its Annual Ore Reserve and Resource Statement as at December 31, 2023, which indicates that total mineral resources have been maintained at... 


Gold bars
Perseus extends OreCorp takeover offer window to April 19
8th March 2024 By: Marleny Arnoldi

ASX-listed Perseus Mining has released a second supplementary bidder’s statement in relation to its off-market takeover bid for all issued ordinary shares of fellow-listed OreCorp, which extends... 


Kavango to start earning revenue from Zimbabwe project
8th March 2024 By: Tasneem Bulbulia

London-listed Kavango Resources has formed a new subsidiary in Zimbabwe, Kavango Mining, which will become its mining arm in the country. Moreover, the company has signed its first contract to... 


Integra receives first cash installment in Wheaton royalty transaction
8th March 2024 By: Creamer Media Reporter

Precious metals exploration and development company Integra Resources has closed the previously announced royalty transaction with Wheaton Precious Metals and has received its first cash... 


Panama asks First Quantum to suspend visitor program at disputed copper mine
Panama asks First Quantum to suspend visitor program at disputed copper mine
8th March 2024 By: Reuters

anama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government... 


Ramelius owns the Edna May mine.
Australian explorer Ramelius confirms talks to acquire Karora Resources
8th March 2024 By: Reuters

Australian gold miner Ramelius Resources on Friday confirmed it is in discussions with Karora Resources for a potential acquisition of the Canada-based mine operator. Shares of Ramelius were up... 


Encouraging exploration buoys Côte d’Ivoire prospect
8th March 2024 By: Simone Liedtke

Canada-based precious metals miner Fortuna Silver has reported several emerging prospects at its West African Séguéla mine, in Côte d’Ivoire, of which its Badior prospect stands out, with... 


Gold bars
Gold-backed ETFs record ninth month of outflows
7th March 2024 By: Marleny Arnoldi

Gold-backed exchange-traded flows (ETFs) recorded another outflow in February, extending their losing streak to nine months, with North America in the lead. Total assets under management... 


Lady Julie one of Australia’s highest margin undeveloped projects – Magnetic
7th March 2024 By: Creamer Media Reporter

The Lady Julie gold project, near Laverton, in Western Australia, is technically and financially robust, ASX-listed Magnetic Resources reported on Thursday. A prefeasibility study has confirmed... 


mine shaft head
Kilimapesa restart on track following mill relining in January
7th March 2024 By: Darren Parker

Progress at the Kilimapesa mine, in Kenya, is on track since the relining of the mill in January and the restart of production, London-listed Caracal Gold CEO Robbie McCrae has said. “We look... 


Tsumeb is one of the few smelters globally that can treat complex polymetallic concentrates, including those with higher arsenic content.
Chinese group to buy Dundee's Namibia smelter
7th March 2024 By: Mariaan Webb

Canadian miner Dundee Precious Metals (DPM) will sell its Tsumeb smelter, in Namibia, to Sinomine Resources for $49-million in cash. Tsumeb is one of the few smelters globally that can treat... 


$3.2bn investment commitment for SolGold’s Ecuador project
$3.2bn investment commitment for SolGold’s Ecuador project
7th March 2024 By: Mariaan Webb

London- and Toronto-listed SolGold has announced a complementary investment protection agreement (IPA) for the Cascabel project, in Ecuador. The signing of a joint declaration with the government... 


Tietto Minerals' Abujar mine, in Côte d’Ivoire
Tietto goes from strength to strength following ‘undervalued’ takeover offer
7th March 2024 By: Marleny Arnoldi

As gold mining company Tietto Minerals nears full production rates at its Abujar gold mine, in Côte d’Ivoire, it is also focusing on organic growth opportunities, while Hong Kong-based Zhaojin... 


Kavango reveals promising resource estimates at Zimbabwe project
6th March 2024 By: Darren Parker

Southern Africa-focussed metals explorer Kavango Resources has received a maiden resource estimate for the two largest tailings dumps at the Nara gold project, in Zimbabwe, revealing an indicated... 


Resources Watch
Resources Watch
6th March 2024

This week: Implats expecting phased reduction in group output; Green energy integrated into Harmony Gold operations and, Harmony Gold board approves R7.9bn project on back of superb half-year results 


Evolution recruits Guay from Agnico Eagle for CTO role
6th March 2024 By: Creamer Media Reporter

Australia-based Evolution Mining has appointed Nancy Guay as chief technical officer (CTO) accountable for various technical functions, including studies, projects, long-term planning and technical... 


Fortuna takes option over Turaco’s Tongon North project
6th March 2024 By: Mariaan Webb

West African miner Fortune Silver Mines has taken an option over an 80% interest in five granted exploration permits that make up Australian junior Turaco Gold’s Tongon North project, in Cote... 


Gold steady after surging to record on rate-cut bets, haven bids
Gold steady after surging to record on rate-cut bets, haven bids
6th March 2024 By: Bloomberg

Gold steadied after surging to a record high in the previous session, boosted by expectations for US rate cuts, geopolitical tensions and the risk of a pullback for equity markets. Bullion rose to... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater highlights its full confidence in price-hit platinum group metals
5th March 2024 By: Martin Creamer

While the operating environment remains challenging, with macro-economic and geo-political uncertainty persisting, the medium- to long-term view of Sibanye-Stillwater remains largely unchanged on... 


Gold Fields completes divestment of interest in Ghana gold mine
5th March 2024 By: Tasneem Bulbulia

Gold miner Gold Fields has concluded the sale of its 45% effective interest in the Asanko mine, in Ghana, to Galiano Gold for $170-million plus a 1% net smelter royalty (NSR) on future production... 


Osisko Development secures $50m for Cariboo project
5th March 2024 By: Creamer Media Reporter

Gold company Osisko Development has secured funding for ongoing detailed engineering and preconstruction activities at the Cariboo gold project, in British Columbia. The $50-million delayed draw... 


Kefi raises £495 916 as part of capital raise for Tulu Kapi
5th March 2024 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper, which owns projects in Ethiopia and Saudi Arabia, announces that a retail offer through PrimaryBid has been successfully completed, raising gross proceeds of about... 


Gold touches $2 100 as traders scoop up metal on rate cut bets
Gold touches $2 100 as traders scoop up metal on rate cut bets
5th March 2024 By: Bloomberg

Gold is within striking distance of a new record high as the market bets the first US interest-rate cut since early 2020 is near. The precious metal briefly rose above $2 100/oz Monday, the... 


Terry Heymann
Opinion: From mine to market – building a more transparent and trusted gold supply chain
5th March 2024

In this article, World Gold Council (WGC) CFO Terry Heymann argues that the disclosure of a miner’s refining partners will support recognition of a trusted eco-system that will grow over time and... 


Caledonia warns of lower full-year profit on the back of one-off items
4th March 2024 By: Sabrina Jardim

LSE-listed Caledonia Mining expects to report an adjusted profit before tax for the year ended December 31, 2023, materially below market expectations, owing to increased operating costs and... 


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